Top; First-line; Middle Managers
Airbus’ decision to compete head-to-head with Boeing by developing the a330 and a340 was made by TOP managers. FIRST-LINE managers then executed these plans by producing the aircraft on the factory floor. These production managers were supervised by MIDDLE managers.
TOP MANAGERS: The entire organization must be under the authority and supervision of top-level management.
MIDDLE MANAGERS: Middle-level managers are in charge of carrying out organizational plans that adhere to corporate policies. They serve as a link between top-level and lower-level management.
FIRST-LINE MANAGERS: A manager who works closely with people at the lowest level of an organization.
Top; First-line; Middle Managers
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Answer:
D) the optimal level of product availability increases.
Explanation:
Overstocking deals with making a product available in excess quantity.
Under stocking deals with making a product available in insufficient quantity.
As the ratio of the cost of overstocking to the cost of understocking gets larger, the optimal level of product availability increases. This is self explanatory as overstocking being more than understocking means there will be more product available.
If a union of brokers in New York State bound together and agreed to only accept commissions of 9% what may be held liable for is: Price fixing.
<h3>What is price fixing?</h3>
Price fixing can be defined as the process in which market competitors decide to enter into an agreement concerning a market price by fixing a particular price on a product.
Based on the given scenario the union of brokers are making use of price fixing because they both agreed to accept a commission of 9% or higher.
Inconclusion what may be held liable for is: Price fixing.
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Answer:
B. neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost.
Explanation:
Marginal cost is the price added by producing an additional unit of a good. At a long-run equilibrium condition, two or more monopolistically competitive firm's economic profits are zero, therefore any new firm venturing into the market has no incentive. Thus, neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost.