Answer:
B. a cartel
Explanation:
A cartel is a group of independent producers who collude to promote and protect their trade interests. Large producers in the same industry form cartels to manipulate supply and fix prices. Through the cartel, the large producers set prices that guarantee maximum profits for their members. The cartel eliminates price competition among the major producers in the industry.
The term that fills the blank above is GOVERNMENT. When we say command economy, this is the type of economy wherein its economic activities are being centrally controlled by the government such as the production, prices, investments, and incomes. It is the government that makes the final decision which would greatly influence the flow of the economy.
Answer:
<u>Market-based cost.</u>
Explanation:
Market-based cost can be defined as a strategy to set prices according to the prices practiced by markets similar to the market in which your company operates.
Therefore, the organization will evaluate how pricing will be carried out, which will depend on whether the product will have more or less resources than similar products on the market, and then will be able to price the product as more expensive or cheaper than competing products.
Answer:
True
Explanation:
The Laffer Curve was developed by Arthur Laffer. Arthur, a supply side economist used this curve to show the relationship that existed between tax rates and also the amount of tax revenue which the government takes or collects. This curve provides an illustration to his argument that sometimes when tax rates are cut there could be increase in total tax revenue.
Therefore the answer to this question is true.
The stage in a work-unit activity analysis that focuses on the product, information, or service provided is the output phase, This is further explained below.
<h3>What is the output phase?</h3>
Generally, the output phase is simply defined as manufacturing or output in general.
In conclusion, The final deliverable is defined. The method of measuring the output is investigated.
Read more about the output phase,
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