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Gekata [30.6K]
3 years ago
10

The concentration ratio provides a measure of the extent to which an industry Question 63 options: produces a useful product. is

dominated by a small number of firms. is earning economic profits. is earning accounting profits.
Business
1 answer:
Verdich [7]3 years ago
7 0

Answer:

"The concentration ratio provides a measure of the extent to which an industry is dominated by a small number of firms.

Explanation:

Let us assume that there are 20 firms in the paper milling industry with a total sales of $40 billion per annum.  From these 20 firms, 4 firms have annual sales totalling $25 billion.  With these assumptions made, we can calculate the concentration ratio as the "Annual sales of the 4 firms divided by the Industry's annual sales, and then multiplied by 100."  Our calculation produces a concentration ratio of 62.5%.  This concentration ratio shows the dominance of these four firms in the paper milling industry.  The remaining 16 firms control 37.5% (100% - 62.5%) of the annual sales in the industry.  This examples explains what a concentration ratio is and how the calculation can be carried out.

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Prompt<br> Why is it important to eliminate debt as soon as possible?<br> Read More &gt;&gt;
stich3 [128]

Explanation:

You don't make the decisions about your finances until you have an outstanding debt; your creditors do. You determine how much you are charging for charge it. In some situations, you can increase the interest rate and the minimum payment and you can change your spending to suit it for less than two months.

You Should try to clear out the debt as quickly as possible, but not merely because it saves you money. The side effects of debt will influence other crucial aspects of your life so you don't make more profit and get what you want.

You exude confidence, however once you are out of debt. "You are appealing to people,". "And what do you guess? You draw money instead. So get out of your debt then hold out your debt, if you ask me, the quicker the better.

7 0
3 years ago
Read 2 more answers
You just started a great part-time job that you want to keep for a while. Under the current contract, your annual salary is $31,
Daniel [21]

Answer:

$38,536.3567

Explanation:

Given that,

Annual salary = $31,000

Growth rate = 2.2 percent per year

Time period = 10 years

Salary 10 years from today:

= Current salary × (1 + Growth rate)^{Period}

= $31,000 × (1 + 0.022)^{10}

= $31,000 × 1.24310828

= $38,536.3567

Therefore, the annual salary of this person ten years from today is $38,536.3567.

3 0
3 years ago
Sarah's company encourages her to tolerate ambiguity and reward her employees for taking risk. In​ addition, she often has descr
Alik [6]

Answer:

Innovative company culture

Explanation:

This Characterizes a particular form of corporate culture mainly aimed at promoting creativity in business. Innovation Culture is the working environment that managers create to promote and apply unorthodox thought. Work environments that promote a creativity culture generally believe that creativity is not a leading province but it can originate from everyone.

7 0
3 years ago
Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje
solniwko [45]

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue  .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

5 0
3 years ago
Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frown
-BARSIC- [3]

Answer: ethical

Explanation:

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Gordon is facing ethical dilemma.

Ethical dilemmas, is a dilemma that has to do with morals and principles which involves an option that isn't ethically acceptable. In this scenario, Gordon's company doesn't support activities like giving free tickets to customers and at the same time, he wants to win back his customer. He is faced with ethical dilemma as he's aware that giving out the ticket won't be supported by his company even though to him,it feels like the right thing to do to win back his customer.

7 0
3 years ago
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