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Agata [3.3K]
3 years ago
15

As a New York businessperson who does a lot of flying, you are keenly aware of even small changes in airfare from New York to Ch

icago. You have flown this route long enough to know that each airline is essentially a perfect substitute for the others. You notice that every time the largest airline changes the price, smaller airlines follow, but the smaller airlines are always priced slightly below the fare of the largest airline. This industry could best be described as one with:
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

Price leadership.

Explanation:

Based on the information provided within the question it can be said that this industry could best be described as one with Price leadership. This refers to an industry in which the dominant company sets the prices in that market and the other companies in that market follow the price that has already been set. Which is exactly the case in this scenario as the other smaller companies adjust their prices according to the price set by the largest airline.

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Carlos Landry finds he has less and less energy to go to work each day. On average he misses two days a week. Carlos may be suff
Zarrin [17]

Answer:

C. Job specialization

Explanation:

Employees boredom is one of the disadvantages of job specialization

Job specialization: This can be defined as a situation where an employee focuses on a particular skills or job position in order to become an expert.

Job specialization is as a result of division of labor. Division of labor is the sharing of roles or functions among employees in a firm so as to Improve productivity.

When a particular role is assigned to an employee for a long period of time, the employee becomes an expert as a result of that.

Advantages of job specialization

• Workers produce more when they occupy a specific role.

• Job specialization leads to time saving in production because employees have become masters in their role

• More expertise is developed through job specialization

Disadvantages of job specialization

• Continuous performance of a particular role might lead to boredom of the employee

• There is fear of job security for the workers. They often wonder what will happen if a firm finds a replacement for them.

7 0
3 years ago
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rat
zaharov [31]

Answer:

$18,250

Explanation:

In this question, we are asked to calculate the net operating income for a division of a firm.

We proceed as follows;

Turnover=Sales/Average operating assets

Average operating assets=(730,000/2)=$365000

Return on investment=net operating income/Average operating assets

Hence Average operating assets=($365000*5%)

which is equal to

=$18250.

3 0
3 years ago
What is generally TRUE about earning an income?
Daniel [21]
I think it could possibly be d?
5 0
2 years ago
Read 2 more answers
Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what
Alika [10]

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

 

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

6 0
3 years ago
Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental
KengaRu [80]

Answer:

B

Explanation:

4 0
3 years ago
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