When one group controls an industry or market by being the only provider, this is called MONOPOLY.
Mono - Greek monos means one or single
Poly - Greek polein means to sell.
Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
Answer:
True
Explanation:
Market offerings can be defined as a company's complete offer to its customers and target market, including the product it sells, delivery, technical support, etc.
Market myopia happens when the company has an inward looking approach, the company wants to sell what they produce, not what consumers' need and want. This will eventually lead to business failure since the company will not be able to adapt to market changes, e.g. Nokia insisted on manufacturing regular cellphones instead of smartphones because it was the world leader in the manufacturing of regular cellphones.
Answer:
anything that both buyers and sellers will accept in exchange for goods and services
Explanation:
Money is anything that is accepted as payment for goods or services or as repayment of debt. According to economists, money refers to something beyond just paper bills and coins. It is a medium of exchange
, unit of account and store of value. Money can be used to transport purchasing power from one time period to another.
Answer:
The common stockholders will receive a dividend of $100000 in 2015
Explanation:
The preferred stock is non cumulative which means that in case it does not pay dividends in a certain year, the dividends will no be accumulated and the company will not be obliged to pay these dividends in later year.
The per share preferred stock dividend for the company is = 100 * 0.06 = $6
The total dividends on preferred stock per year = 6 * 25000 = $150000
The common stockholders are paid dividends after the preferred stockholders are paid.
Thus, for 2015 the common stockholders will receive a dividend of,
Common stock dividend = 250000 - 150000 = $100000
Explanation:
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