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DerKrebs [107]
3 years ago
9

Many states create licensing requirements for a variety of professionals (such as lawyers and accountants) designed to restrict

entry into their market by professionals from other states. This strategy limits ____________ growth strategies.
a. product proliferation
b. market development
c. market penetration
d. diversification Product
Business
1 answer:
Dennis_Churaev [7]3 years ago
3 0

Answer:

The correct answer is option B. This strategy limits market development growth strategies.

Explanation:

Market development is a strategy in which a company tries to sell an existing product to a new group of consumers or non-buying customers in currently targeted segments. It enters new markets to expand revenue and reduce concentration risk. A market development strategy also targets new customers in new segments.

Creating licence requirements for professionals which is designed to restrict entry into their markets by professionals from other states would limit market development growth strategies.

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Assume the small-country model is applicable. If the world price of the product is $6 and an import quota of 400 units is impose
algol13

Answer:

Equilibrium price = $6

Total quantity in the market would be > 400 units ( unchanged )

Explanation:

Applying small=country model

world price of product = $6

import quota = 400 units

The Equilibrium price in Marketopia would be $6 and the total quantity available in Marketopia would > 400 units

This is because in a small country assumption model, the total imports made by any country is insignificant to the Total quantity of the products available in the market therefore it has no effect on the price of the products even if when the imports are stopped by the country  

6 0
3 years ago
EA6.
vodomira [7]

Answer:

$750

Explanation:

The formula for determination of beginning inventory is given below:

Cost of goods sold=opening inventory+purchases-closing inventory

Cost of goods sold=$2,000

Purchases=$2,250

closing inventory=$1,000

Opening inventory=Cost of goods sold+closing inventory-purchases

                             =2,000+1,000-2,250

                             =$750

6 0
3 years ago
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/20
salantis [7]

Answer:

17 million

Explanation:

The computation of the outstanding common shares is shown below:

= Number of common shares outstanding - treasury common stock

where,

Number of common shares outstanding = Total value of the common shares ÷ par value of the share

=  $105 million ÷ $5

= 21 million

And, the  treasury common stock is 4 million

Now put these values to the above formula  

So, the value would equal to

= 21 million - 4 million

= 17 million

6 0
3 years ago
Which of the following statements about internal models is FALSE?
Vesnalui [34]

Answer:

C. Internal Models use sensory information for motor control but do not to consider physiological or biomechanical features of the body.

4 0
3 years ago
The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rat
liq [111]

Answer:

So answer is $441,000

Explanation:

Budgeted direct labour cost = Budgeted production units in june*Labour hour per unit*rate per hour

= 28000*1.5*10.50

Budgeted direct labour cost = 441000

5 0
3 years ago
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