Answer:
There are no barriers to entry.
5. Both buyers and sellers are price takers
.7. Firms’ products are identical.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopoly is when there's only one firm operating in an industry.
I hope my answer helps you
Answer:
A) compete with one another in Olympia's internal capital markets.
B) are network member firms while Olympia is the strategic center firm.
C) are not necessarily related to one another in terms of products or markets.
Explanation:
A) An internal capital market refers to the way a corporation assigns capital resources to its different business units or subsidiaries in order to maximize its profits. The headquarter will always allocate more resources to its most profitable business units. Therefore, all the business units within a corporation compete against each other in order to get the most resources assigned to them.
B) When a corporation has different business units that are not necessarily working together but all must follow the same business strategy, the headquarters (Olympia Industries) acts as the strategic center and decides what strategies the whole corporation will follow. While the different business units act as network partners that operate separately but under the umbrella and guidance of the strategic center and its corporate strategy.
C) The fact that they all are part of a bigger corporation doesn't mean that they produce similar goods or services, or that they even compete in the same markets. For example, Amazon's profits proceed mostly from its cloud service unit AWS (B2B) and not the retail unit (B2C).
D) If the different business units don't work together, then it is probable that they don't share the same core competencies.
The season that comes after winter is:
Spring
Answer: Operational communication
Explanation: Operational communication is the core mechanism that is responsible for the on-time communication. This is based on the carrying out operations and tasks . This helps in the management of security , improving the awareness , guiding the task etc.
Usually internal operational communication is used in the organization for communicating and performing the tasks. It helps in maintaining the communication flow within a certain organization among all the departments.
Personal goal: A personal goal I have is to be and active citizen to my community. Help others, pick up trash.
High school Goal: My high school goal is to graduate, so I can get into and Ivy League school.
Financial goal: My goal is to have enough money for my college tuition.
