When managers organize divisions according to the types of customer to whom they market their products, they are focusing<span> on the product structure: market structure.
</span>The market structure is an organizational structure in which each kind of customer is served by a self-contained structure.
Answer:
A) March 31 journal entries for wages expense and wages payable
- Dr Salaries and Wages Expense account 64,000
- Cr FICA Taxes Payable account 4,896
- Cr Federal Income Tax Payable account 7,500
- Cr State Income Tax Payable account 3,100
- Cr Union Dues Payable account 400
- Cr Salaries and Wages Payable account 48,104
B) March 31 journal entries for company's payroll tax expenses
- Dr Payroll Tax Expense account 5,596
- Cr FICA Taxes Payable account 4,896
- Cr State Unemployment account 700
A and c because jack knows how to do his work
Answer:
Oligopoly.
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;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
