Answer:
As Susan is conducting a group discussion in her organisation with two different groups, one group is from Sales department while other is from the Production department. She has also come to know that both groups have different perspectives on certain things. So, what exactly she can do to make her discussion effective and successful, she need to find common points within both groups arguments, then she should highlight those common points two both groups, in this way both groups will develop harmony or they will fee some synchronization among them.
Next, she should make both groups realize that we are working for one organization, if sales team win, then automatically it will be the win of the production departments as well because whole organization will be benefited for it. Likewise, if Production departments achieves something incredible, then Sales team will also be beneficial. Therefore, in this way Susan can make her discussion is a success.
Answer:
From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location. Each factor hinges on the availability or attractiveness of substitutes and, when no alternatives exist and the company is a single seller of a unique product, a monopoly exists and there is zero competition.
Explanation:
- When a company has a unique product that no other company is selling, a monopoly exists, as there is no competition.
- Most markets are somewhere in between competition and a monopoly.
- The amount of competition will also vary depending on location, the barriers to entry, and the availability of pricing information.
Alternatively, a product might be completely differentiated, meaning that it is unique. If so, there might be few alternatives and thus low levels of competition. The level of differentiation is largely a subjective matter and subject to consumer opinion.
The number of sellers also impacts competition. If there are many sellers of an undifferentiated product, competition is considered to be high. If there are few sellers, competition is low. If there is a single seller, the market is considered a monopoly.
The fixed cost is $15000
<u>Explanation:</u>
Given:
Break even point = 3000 units
Each unit = $5 → (Price - variable cost = $5)
Fixed cost, x = ?
We know,
Break even point = fixed cost / (Price - Variable cost)
On substituting the values:
Thus, the fixed cost is $15000
Answer: Informative advertising
Explanation:
The type of advertising would be best for Zephyr's FindIt is the informative advertising.
Informative advertising is refered to as the form of advertising whereby the strength and the features of the product are relied on. It relies on facts and is used in driving the demand for new products and services.
One of the most common mistakes new business owners make is C. setting unrealistic goals
As a new business owner, you have to determine your goal for your business which is achievable.
