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expeople1 [14]
3 years ago
12

A low-cost airline described as one of the excellent companies in the bestseller of the early 1980s, In Search of Excellence, is

no longer in business. Industry analysts state that although the service and prices provided by the airline were what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. This scenario is illustrative of which aspect of the competitive environment
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer: Monopolistic competition

Explanation:

This is a market in which large numbers of producer sells differentiated products in terms of quality or branding. The ability to differentiate the products makes it possible for the different firms to practice price discrimenation which is further strengthen through advertising of the product, the price differences may force a firm out of the market if the demand for it's products falls significantly.

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Briefly explain whether you agree or disagree with the following​ statement: ​"Assets are things of value that people own. Liabi
iragen [17]

Answer:

I disagree. It is clearly a bank liability.

3 0
3 years ago
A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 5
melomori [17]

Answer:

Ending inventory cost= $599

Explanation:

Giving the following information:

June 1 150 units $ 390 (2.6)

June 10 200 units 585 (2.93)

June 15 200 units 630 (3.15)

June 28 150 units 495 (3.3)

Ending inventory in units= 200

<u>To calculate the ending inventory, first, we need to calculate the average price:</u>

Average price= (2.6 + 2.93 + 3.15 + 3.3) / 4= $2.995

<u>Now, the ending inventory:</u>

Ending inventory= 2.995*200

Ending inventory= $599

8 0
3 years ago
Why dress code important ?
mote1985 [20]

Answer:

Visual Uniformity – Having every employee dressed to the standards of the dress code will create visual uniformity which helps customers identify employees and subtly promotes the impression of 'being a team' among the whole workplace.

Explanation:

1) A dress code promotes a more serious school atmosphere which emphasizes academics and promotes good behavior.

2) Dress codes have proven to increase student achievement by encouraging students to concentrate more on their studies and less on their wardrobe. A de-emphasis on clothing can also save money, as there will be less pressure to keep up with expensive trends and fashions.

3) Dress codes in school settings reduce social conflict and peer pressure that may be associated with appearance.

4) Studies indicate that a school dress code can reduces the prevalence of certain behaviors which are often expressed through wardrobe such as violence or promiscuity.

5) As opposed to uniforms, dress codes still allow students to wear what they want which leaves students with a sense of choice and expression.

3 0
3 years ago
Consider two neighboring island countries called Felicidad and Bellissima. They each have 4 million labor hours available per mo
Ilia_Sergeevich [38]

Answer:

Bellisima's opportunity cost:  

  • Production of corn per million hours of labor = 12 / 24 = 0.5 pairs of jeans of corn
  • Production of jeans per million hours of labor = 24 / 12 = 2 bushels of corn

Felicidad's opportunity cost:  

  • Production of corn per million hours of labor = 8 / 32 = 0.25 pairs of jeans of corn
  • Production of jeans per million hours of labor = 32 / 8 = 4 bushels of corn

Felicidad has a comparative advantage int he production of corn while Bellisima has a comparative advantage in the production of jeans.

If both countries specialize:

  • Felicidad will produce 128 million bushels of corn.
  • Bellisima will produce 48 million pairs of jeans.

Total production of corn has increased by 24 million bushels.

Total production of jeans has increased by 12 million pairs.

Assuming that Bellisima trades 26 million pairs of jeans and Felicidad exchanges 78 million bushels of corn, then:

  • Felicidad's consumption of jeans will increase by 2 million pairs, while their consumption of corn will increase by 50 million bushels.
  • Bellisima's consumption of jeans will increase by 10 million pairs, while their consumption of corn will increase by 6 million bushels.

8 0
3 years ago
FindFor Inc. is an e-commerce retail firm that sells a variety of merchandise online. Through services like cash on delivery, ea
wolverine [178]

Answer:

2) strategic positioning

Explanation:

Based on the scenario being described within the question it can be said that they have most likely been able to provide this through strategic positioning. This term refers to the way in which a company sets itself apart from the competition in a market and provides value to their customers. Allowing them to make specific decisions based on their position. Such as FindFor is able to provide all of their online services.

3 0
3 years ago
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