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3 years ago

Please HURRY !!!

Business

1 answer:

mafiozo [28]3 years ago

5 0

Answer:

See below

Explanation:

1. Cell phone services are an example of oligopoly.

Under oligopoly, a few firms dominate the industry. The cell phone industry is big in volume and value in the US. Despite its size, the cell phone service industry has few providers. Only a handful of names are well-known including, T-mobile, Verizon, AT&T, and Sprint. The firms complete in a collaborative way. New entrants require massive capital investments.

2. Capitalism- allows buyers and sellers to make decisions

Capitalism is an economic system where the governments' role in trade is limited. In Capitalism, people and businesses make most of the economic decisions. Private individuals and companies own the factors of production. Profits motive is a key factor in entrepreneurship. Capitalists focus on wealth creation.

3. Monopolistic Competition

A monopolistic competition market structure combines features of a competitive and monopolistic market. The elements of monopolistic competition include.

Freedom of entry and exit
Many buyer and sellers
Firm offer differentiated products

Unlike in perfect competition, monopolistic competition has different goods and services.

4. Economics

Economics is the analysis of how society allocates its scarce resources to produce valuable goods and services. Economics also studies the distribution of these products to members of the community. Economics recognizes the scarcity of resources. It advocates for the efficient use of scarce resources to meet the demands of different people.

5. Michigan Cherry Production Increase 47%

Like other agricultural products, cherry prices are influenced by the quantity supplied. Prices remain stable when supply and demand are relatively constant.

Should Cherry production in Michigan go up by 47 percent, there will be an oversupply in the market. Few buyers will be competing for very many goods, which will result in a price decline.

6. Free Enterprise market

A Free enterprise market is an economic model where buyers and sellers have the freedom to spend money as they wish. In this model, the government minimally restricts trade. In the US, the government is mainly a regulator. In free-market enterprise, there is competition amongst producers, the Right to own property or the factors of production, and a profit motive. There is freedom in the choice of business, products, and services. These elements are prevalent in the US economy.

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Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 t

densk [106]

Answer:

The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.

Explanation:

In statistics, a confidence interval is the probability that the parameter of a population lies between two set of values when a random sample of the population is drawn for a specific percentage of times. This means that the confidence interval is formed about the whole population not the sample from which it is calculated.

The probabilities of a confidence interval can take any number, but 95% and 99% confidence level that are usually used.

It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.

Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."

I wish you the best.

4 0

3 years ago

William carefully looked over a _____ before he signed it and moved into his new apartment.

Aleks04 [339]

I believe it's LEASE

Let me know if this is right!(:

5 0

3 years ago

In the mid 1980s, what emerging product market did a major foreign competitor capitalized on and Kodak miss due to a poor unders

Dima020 [189]

Answer:

Kodak missed the digital camera revolution that it started.

Explanation:

According to history, Kodak's Steve Sasson was the first to invent a digital camera prototype in 1975.

But, Kodak relied on its past successes to the extent that it could not see beyond its shoulders. Kodak spotted digital technology opportunity in its business, but it lacked the foresight to sharpen its core competency so that it could redefine the market and its business from a film producing and selling company to one that gives consumers the opportunity to share images online. It lacked the competency to understand the emerging needs of its customers and woefully failed to invest rightly in digital technology.

On the other hand, Fuji created new opportunities for itself that were related to its core business by branching into magnetic tape optics, videotape, copiers, and office automation. As a result, it overtook Kodak in market share while Kodak submerged into bankruptcy, from which it later emerged stronger better than it was before the bankruptcy but smaller.

5 0

3 years ago

Which one of the following best describes a work center?

galina1969 [7]

Answer: (C) A location where value-added work needed to produce a material is carried out.

Explanation:

A work center is the type of location in which the work are carried out for producing various types of materials.

Work center is one of the type organization in which the various types of production activities are get performed.

Work center is also the type of resource which can be used for various types of multiple purpose. It is basically responsible for completing various types of operations within the production line.

Therefore, Option (C) is correct.

8 0

4 years ago

What was the first product sold by heinz in 1869?

pickupchik [31]

Heinz tomato ketchup

4 0

3 years ago