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Vlad [161]
3 years ago
13

What power does a market leader in an oligopoly have

Business
2 answers:
s2008m [1.1K]3 years ago
6 0
Oligopoly a market structure in which a few late firms dominate a market.
mrs_skeptik [129]3 years ago
5 0

Answer:

The correct answer is a combination of many powers.

Explanation:

To begin with, an <em>oligopoly</em> is a type of market where a few number of competitors dominate that market. However, those competitors tend to be so agressive with each others due to the fact that a low performance from one can benefit the other in a huge way, therefore that this type of market is <em>characterized for the differentation of the products or services and for the huge publicity they do</em>.

Secondly, <u><em>it is huge the number of powers</em></u> that a market leader has in this type of market, examples of that is the fact that the leader tends to have a <em>great differentation</em> in its product and <em>loyalty from the customers</em>, therefore <em>a big price</em> in the product is no problem for the clients that still buy to that company and therefore obtain a <em>great benefit</em> from that. Furthermore, the fact that few companies are in the market benefit the situation where all of them may not try their best at the time of providing their service or product to the clients.  

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Currently, in the United States, the greatest volume of goods and services are shipped by rail. 
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​the employees of a company feel that rewards are fairly allocated. this illustrates _____.
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<span>Distributive Justice</span>
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Information on Wolfen Company's direct labor costs for the month of January follows: Actual direct labor rate $5.00 Standard dir
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Answer:

Standard Rate = $ 5.65

Explanation:

Wolfen Company

Actual direct labor rate $5.00

Standard direct labor hours allowed 11,000

Actual direct labor hours 10,000

Direct labor rate favorable $6,500

Using formula to find the unknown figure

Direct Labor Rate variance =   Actual Hours ( Standard Rate-Actual Rate)

$6,500= 10,000( Standard Rate-5)

$6,500/10,000 =  (Standard Rate-5)

0.65+ 5=Standard Rate

Standard Rate=5+0.65= $ 5.65

We can check by putting it in another formula

Direct Labor Rate variance=  (actual hours * standard rate)-(actual hours* actual rate)

$6,500=(10,000*Standard Rate)-( 10,000 *5.0)

$6,500= (10,000*5.65)-( 10,000 *5.0)

$6,500= (56,500)-( 50,000 )

$6,500=$6,500  (favorable) when standard price is higher than actual price

3 0
3 years ago
Assume starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. Which growth stra
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We can see here that if we assume that Starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. The growth strategy this​ represents is: (d) Market penetration.

<h3>What is market penetration?</h3>

Market penetration actually refers to the success recorded by an organization or company in the selling of their goods and services to a specific market. Sales volume of the existing goods or services is actually used to measure market penetration.

The options that complete the question are:

(a) Market development

(b) Divesting

(c) Diversification

(d) Market penetration

(e) Product development

Thus, if Starbucks was able to increase its spending on advertising by 35 percent in order to increase sales in its current markets, then they had market penetration.

Learn more about market penetration on brainly.com/question/1172265

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1 year ago
At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O
soldi70 [24.7K]

Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

Equivalent completed units = Completed units + WIP ending

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= 117,790 units

Cost of Conversion = Beginning WIP + Cost of conversion added

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= $299,700

Cost of conversion per units = 299,700 ÷ 117,790

= $2.54436

Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

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