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Alexeev081 [22]
3 years ago
15

What is the term that describes a group of firms cooperating with each other in order to avoid competition?

Business
1 answer:
Marrrta [24]3 years ago
7 0
The right answer for the question that is being asked and shown above is that: "communication" the term that describes a group of firms cooperating with each other in order to avoid competition is that of <span>communication</span>
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Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn
makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

7 0
3 years ago
A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asse
RideAnS [48]

Answer:

 Total Asset Turnover = 0.6 times

                       

Explanation:

Total Asset Turnover = $600,000/$1,000,000

Total Asset Turnover = 0.6 times

It measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.

It is an important financial ratio used to understand how well the company is utilizing its assets to generate revenue.

5 0
3 years ago
Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in
Mekhanik [1.2K]

Answer:

$94

Explanation:

The computation of the cost of the ending inventory using the FIFO method is shown below:

But before that first we have to determine the ending inventory units which is

= 7 units from A to G + 5 units from H to L + 6 units from M to R

= 18 units

And, 6 units are sold

So, the ending inventory units is 12 units

Now the ending inventory is

From last to beginning

= 6 units × $8.50 + 5 units × $7.50 + 1 units × $5.50

= $51 + $37.5 + 5.50

= $94

This is the answer but the same is not provided in the given options

4 0
3 years ago
Which element of the store's environment is concerned with the store's exterior design, ambience, and lighting?
dlinn [17]

Answer:

The answer is, Store design!

Explanation:

It is during the designing process that the internal environment is set. This is one of the most vital parts of setting up a successful store as The exterior design, ambiance, and lighting are key features that differentiates a store from its competitors!

Store's internal and external designs plays an important Psychological role as well. It "lures" in the customers with its attraction.

Arousing the curiosity of potential customers is another function a store design plays.

Moreover, the store design cannot remain the same for a long period of time, it should change over time in response to the popular market trends, social movements (Like going green) and even technological changes (like new lighting systems)

3 0
2 years ago
When the pressure for local responsiveness is strong and the pressure for coordination is weak for multinational corporations in
Elenna [48]
The answer is d) risky
8 0
2 years ago
Read 2 more answers
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