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3 years ago

Firms must consider the possible reaction of rivals to their own decisions and actions in

Business

1 answer:

Dmitry [639]3 years ago

5 0

Answer:

The correct answer is oligopoly.

Explanation:

An oligopoly is a market structure in which there are a few firms that are dominant in the market. These firms may produce identical or differentiated products.

Because of a few firms in the market, the firms are interdependent on each other. Market decisions of a firm affect its rivals.

That is why before making their own decisions, the firms have to consider the reaction of their rivals.

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Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits of using standa

uranmaximum [27]

Answer:

c. used to indicate where changes in technology and machinery need to be made

Explanation:

Standard Costs are established through past experiences and hence they can be used to control costs, and plan production schedules.

Changes in technology and machinery need to be made is part of perfomance management with a future outlook.

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3 years ago

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An Internet business prides itself in its ability to fill customer’s orders in six calendar days or less on average. Periodicall

LenaWriter [7]

Answer:

Answer is explained in the attachment.

Explanation:

Download pdf

3 0

3 years ago

A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percen

Arisa [49]

Answer:

100,000

Explanation:

Given that

Approximately frauds = $10 million

Profit margin = 10%

And the sale value of the product per unit = $1,000

So by considering the above information, the additional units is

= Approximately frauds × Profit margin

= $10 million × 10%

= 100,000

So by multiplying the approximate frauds with the profit margin we can get the additional units

8 0

3 years ago

On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,300,000 four $5,000,000. Rigsby appropriately uses the

Flura [38]

<u>Solution and Explanation:</u>

Installment Receivables (Net) of $2,905,600

Basis Particulars Debit Credit

Sale:- Instalment Receivables $5,000,000

Inventory $3,200,000

Deferred gross profit $1,800,000

Payment:- Cash $4,90,000

Instalment Receivables $4,90,000

Deferred Gross profit $165,600

Realised Gross profit $165,600

Instalment Receivables ($5,000,000 minus $490,000) = $4,510,000

Deferred gross profit ($1,800,000 minus $165,600) = $1,634,400

Instalment Receivables (Net) = $2,875,600

8 0

3 years ago

All employees at Wally World Amusement Park are required to work on weekends because that is 80% of the customers visit the park

Paladinen [302]

Answer:

No, the park must not accommodate his request

Explanation:

Employees of any organization are usually given a letter of appointment which states amongst other things, the requirements of the place of employment.

Wally world has clearly stated that working on weekends is a company REQUIREMENT.

So Alex going to Church on Sunday which is his preference should not stop him from fulfilling his work place requirement

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3 years ago

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