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galina1969 [7]
2 years ago
13

Which of the following is not one of the competitive forces included in the competitive forces​ model?

Business
1 answer:
photoshop1234 [79]2 years ago
4 0

Answer:

C) the firms ability to differentiate its product

Explanation:

Porter five forces of the model comprise rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.

The rivalry among competitors deals with the strength and weaknesses of the competitors so that the business does the planning accordingly.  

The bargaining power of suppliers stated the change in the price of the product made by the supplier's offer plus the customer are attracted towards the product as the product is unique which impact the overall profit

The bargaining power of buyers deals with the number of buyers and how much orders are given by a single buyer.  

The threat of new entrants impacts the overall position of the business if the competitor enters the market.  

The threat of substitution is an alternative way to produce the goods and services which can also drop your position and also it directly impact profitability.  

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In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit
Svetradugi [14.3K]

Answer:

c. will earn zero economic profits but positive accounting profits

Explanation:

A competitive industry is characterised by many buyers and sellers of homogenous goods and services.

There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.

A competitive firm earns accounting profit but doesn't earn economic profit.

Accounting profit = Revenue - Cost

Economic profit = Accounting profit - Opportunity cost

I hope my answer helps you.

5 0
3 years ago
On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payabl
Scorpion4ik [409]

Answer: $3,704,040

Explanation:

The issue/ selling price of a bond is calculated by the formula:

= Present value of coupon payments + Present value of face value

The coupon payments will be an annuity and in cash terms are:

= 8% * 4,500,000

= $360,000

Selling price:

= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)

= (360,000 * 5.889) + (4,500,000 * 0.352)

= $3,704,040

7 0
3 years ago
GDP calculated via factor payments includes: a consumption, investment, and government. b wages, interest payments, rent, and pr
erica [24]

Answer:

b wages, interest payments, rent, and profits

Explanation:

The GDP refers to the Gross domestic product which reflects the finalized market value of the goods and services that are to be produced within the country

Plus According to the factor payments, the GDP are to be calculated based on wages, interest payments, rents, and profits and the same is to be considered while calculating the GDP

8 0
3 years ago
Economics is the study of choices people make in an effort to satisfy their wants and needs given scarcity.
Luden [163]
Most likely true! Economics is the knowledge/ study of how society functions!
7 0
2 years ago
Thomlin Company forecasts that total overhead for the current year will be $11,898,000 with 156,000 total machine hours. Year to
weqwewe [10]

Answer:

Predetermined manufacturing overhead rate= $76.27 per machine hour

Explanation:

Giving the following information:

Thomlin Company forecasts that total overhead for the current year will be $11,898,000 with 156,000 total machine hours.

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

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

Predetermined manufacturing overhead rate= 11,898,000 / 156,000

Predetermined manufacturing overhead rate= $76.27 per machine hour

4 0
2 years ago
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