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3 years ago

What it means to you to communicate as a professional in a business context

1 answer:

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Professional communication refers to the oral, written, visual, and digital forms of delivering information in the context of a workplace. Effective professional communication is critical in today's world. ... Effective communication ensures a smooth flow of ideas, facts, decisions, and advice.

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The equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and higher than in perfectly c

RSB [31]

Answer:

higher than in monopoly markets and lower than in perfectly competitive markets.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. Market control by many small firms.

III. Difficult entry to new firms.

An equilibrium quantity can be defined as a situation in which there are no surplus or shortage of finished goods in the market.

This ultimately implies that, there is an intersection between demand and supply i.e the amount of goods and services that the consumers are willing to buy is equal to the amount of goods and services that the producers are able and willing to supply at a specific period of time.

Hence, the equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

In a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

7 0

2 years ago

Why do people buy franchise instead of expanding by opening more stores

atroni [7]

People buy franchise because franchising helps franchisors gain areas where a market may be for their company, but the problem is they might not be familiar with. Franchising allows for the business to grow without spreading its top level human materials across too thin unlike stores. Franchisees can pay outlets in your chain of the system, you can large the number of locations without having to tap of your capital or needing to ask financing from banks.

5 0

3 years ago

Read 2 more answers

When the fed sells bonds to financial institutions, new money moves directly:?

Oksana_A [137]

When the fed sells bonds to financial institutions, new money moves directly "out of the loanable funds market".

The Federal Reserve System,sometimes alluded to as the Federal Reserve or essentially "the Fed," is the national or central bank of the United States. It was made by the Congress to give the country a more secure, more adaptable, and more steady fiscal and budgetary framework. The Federal Reserve was made on December 23, 1913, when President Woodrow Wilson marked the Federal Reserve Act into law. Today, the Federal Reserve's obligations fall into four general zones.

5 0

3 years ago

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Dire

victus00 [196]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct labor-hours= 140,000

Machine-hours= 70,000

Fixed manufacturing overhead cost $ 784,000

Variable manufacturing overhead cost per direct labor-hour $ 2.00

Variable manufacturing overhead cost per machine hour $ 4.00

Job 550;

Direct materials $ 175

Direct labor cost $ 225

Direct labor-hours 15

Machine-hours 5

We need to calculate the total cost of Job 550. First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Based on direct labor hour:

Estimated manufacturing overhead rate= 784,000/140,000= $5.6 per direct labor hour

Based on machine hour:

Estimated manufacturing overhead rate= 784,000/70,000= $11.2

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Based on direct labor hour:

Total cost= 175 + 225 + 5.6*15= $484

Based on machine hours:

Total cost= 175 + 225 + 11.2*5= $456

6 0

3 years ago

A(n) ________ program includes plans to help employees cope with stress, burnout, substance abuse, health problems, and family i

MrRissso [65]

Answer: Employee assistance program.

Explanation:

Employee assistance programs are programs designed by companies to: counsel, advise, follow up, and assist employees on personal or job related challenges they may be facing. The employee assistance programs are designed to ensure that the employees are in the best state of health in all areas.

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3 years ago

What it means to you to communicate as a professional in a business context​

What it means to you to communicate as a professional in a business context