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Kisachek [45]
3 years ago
8

Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e

arn $50 million each. If they both advertise, they again split the market, but profits are lower by $10 million since each company must bear the cost of advertising. Yet if one company advertises while the other does not, the one that advertises attracts customers from the other. In this case, the company that advertises earns $60 million while the company that does not advertise earns only $30 million.
If these two companies collude and agree upon the best joint strategy,
a.neither company will advertise.
b.both companies will advertise.
c.PM Inc. will advertise but Brown Inc. will not.
d.Brown Inc. will advertise but PM Inc. will not.
Business
1 answer:
sdas [7]3 years ago
7 0

Answer: (A)

If both companies collude and agree on the best joint strategy, then neither of them will advertise.

Explanation:

If PM Inc. and Brown Inc. agree on a strategy that is best for both of them, then they would decide not to advertise as this line of action will earn them both $50 million, which is higher than they stand to earn if they both advertise.

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Procter & Gamble makes Tide, Cheer, Ivory Snow, and Bold detergents as well as PertPlus, Rejoice, and Vidal Sassoon shampoos
MissTica

Answer:

Individual

Explanation:

Individual strategic plan: It is a plan created for achieving personal goal. These plan define how important is the goal to individual and what all sacrifice that each can bear to achieve that personal goal. Before developing an individual strategic plan, it is important to evaluate personal strength and weakness.

In the given case, Procter & Gamble have produced different products with unique and separate brand name as they are using Individual strategy, so that each brand should be clear with its usage and can be helful in penetrating in market.

4 0
3 years ago
Angelo's father says he's going to "live off his Social Security" once he's ready to retire. What is Social Security, and how do
Orlov [11]

Social Security is a program and agency that provides benefits. Angelo's father can apply for the benefits for retirement to receive an income every month after he retires.

In the United States, the Social Security Agency provides benefits to citizens, these benefits are indirectly paid by citizens through taxes. This includes:

  • Survivor benefits.
  • Benefits for retirement.
  • Benefits for disability.

When Angelo's father refers to Social Security, he is likely referring to the benefits for retirement the Social Security Agency provides. This is a great benefit because Angelo and his family will receive money every month that will replace his wage as a worker.

This means he can use this benefit to pay for basic expenses such as housing, food, education, etc. without being an active worker.

Learn more in:  brainly.com/question/2460666

5 0
2 years ago
The ________ innervation of the kidneys reduces urine production, while the function of its ________ innervation is unknown
mrs_skeptik [129]

The <u>sympathetic</u> innervation of the kidney reduces urine production, while the function of its <u>parasympathetic</u> innervation is unknown.

The kidneys are innervated through the sympathetic neurons of the autonomic nervous system thru the celiac plexus and splanchnic nerves. reduction of sympathetic stimulation outcomes in vasodilation and extended blood flow thru the kidneys in the course of resting situations.

Activation of sympathetic nerves to the kidney increases tubular sodium reabsorption, renin launch, and renal vascular resistance. These moves make contributions to long-time period arterial stress elevations by way of shifting the pressure-natriuresis curve to the proper

There is a two-way relationship between the sympathetic nervous system and the kidney. On the one hand, the sympathetic nerve device influences renal function, i.e. renal hemodynamics, renin secretion, and tubular sodium transport.

Learn more about splanchnic nerves here brainly.com/question/13755935

#SPJ4

4 0
1 year ago
Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/19, net 60. Mr. Warner never takes t
vekshin1

Answer:

35.92%

Explanation:

The computation of cost of not taking the cash discount is shown below:-

Discount percentage ÷ (100 - Discount percentage) × (360 ÷ (Full Allowed Payment Days - Discount Days))

= 3% ÷ 97% × 360 ÷ (50 - 19)

=  3% ÷ 97% × 360 ÷ 31

=  0.03093 × 11.61290

= 0.359187

= 35.92%

Therefore for computing Mr. Warner's cost of not taking the cash discount we applied the above formula.

3 0
3 years ago
Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul
grigory [225]

Answer:

c. credit to notes payable

Explanation:

Based on the information given we were told that the Equipment which cost the amount of $16000 was purchased by paying the amount of $4000 as cash which means that if the company sign a NOTE PAYABLE for the remainder. The journal entry should include a: CREDIT TO NOTES PAYABLE

5 0
3 years ago
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