Answer:
True
Explanation:
Cartel
It is important to define a cartel before explaining the question. A Cartel represents a group of firms that come together for making price and output decisions about their products.
Monopoly is one of the main reasons for the rise of Cartels. Cartel members are organisations in markets where there are very few firms and each firm has a significant share of the markets. An example of this is the Organisation of Petroleum Exporting Countries (OPEC).
The Petroleum market is monopolistic in the sense that a few countries are responsible for the crude oil and related products that are used by all countries around the world, hence, OPEC was formed to regulate the actions; production level and price of the Oil produced and processed for regulatory purposes.
Why it is difficult to maintain Cartel Agreements
It is difficult to maintain cartel agreements because individual members will always attempt to cheat and by-pass the agreement to produce beyond the agreed quota just to increase their share of the cartel's profits.
Individual members can always produce above their quota to take advantage of the large market and monopolistic situation to make more monopoly profit.
This difficulty is one of the reasons why there are few Cartels available and it is also why the OPEC has had difficulties monitoring the activities of its members over the years.
Answer:
$74.58
Explanation:
The price of share of the Bretton Inc in the given question shall be the present value of all the dividends associated with this share in the future years.
Present value of year 1 dividend=3.31(1+13%)^-1=$2.93
(3.15*1.05)
Present value of year 2 dividend=3.48(1+13%)^-2=$2.73
(3.31*1.05)
Present value of year 3 dividend=3.65(1+13%)^-3=$2.53
(3.48*1.05)
Present value of year 4 dividend=3.83(1+11%)^-4=$2.52
(3.65*1.05)
Present value of year 5 dividend=4.02(1+11%)^-5=$2.39
(3.83*1.05)
Present value of year 6 dividend=4.22(1+11%)^-6=$2.26
(4.02*1.05)
Present value of all the cash flows after 6 year=$59.22
[4.22(1+5%)/(9%-5%)]*(1+11%)^-6
Price of share $74.58
Explanation:
Strategic planning is the long-term actions that a company will implement in its organizational processes to achieve its objectives and goals. Through strategic planning, a company creates an identity, a culture that assists in the company's internal and external positioning, in addition to managing the resources, the decision-making process and the timing of the actions necessary to remain profitable and competitive in the market.
In any organization, regardless of sector or size, strategic planning will assist in efficiency and effectiveness in the use of physical, financial, human, marketing and administrative resources.
Good supervisors may act as a information channel between employees and management. They communicate directly to a group of workers, without bias and favoritism, supervisors evaluate work output and rate employees performance accordingly. Supervisors provide feedback and updates to managers and higher organization units.
