Answer:
The correct answer is: legal barriers.
Explanation:
A monopoly is a market structure where there is only a single firm, there is a restriction on the entry of firms. This gives firms a certain degree of market power.
The monopolies are able to retain their market power through restrictions on the entry of other potential firms. These restrictions are of different types such as exclusive ownership of a resource, legal barriers, increasing returns to scale.
In this particular scenario of patents, the barrier to entry is a legal barrier. The other potential firms are legally restricted to enter the market as they do not hold a patent.
It would be A control the money supply
Answer:
B. product distribution franchise
Explanation:
In this scenario, George runs a small retail business and sells brands (products) that another business manufactures. George's retail store uses the logos and trademarks of that business to attract customers by acting as a dealer on behalf of the manufacturing business.
Hence, the type of franchise model that George's retail business follow is a product distribution franchise.
A product distribution franchise can be defined as a supplier-dealer business relationship in which a dealer (franchisee) is granted a license by the manufacturer (franchisor) to sell and distribute their products.
In this type of franchise, the dealer (franchisee) is only granted the license to use just the logos and trademarks of the manufacturer (franchisor) but not the framework (system) for the establishment and operations of the business.
<em>Some examples of a product distribution franchise is Fords motors, Coca-Cola, mobile homes, Guiness etc. </em>
Answer:
$929404.14
Explanation:
Given;
Selling cost of the heating station = 143.5 million yen
Exchange rate = 140 yen per dollar
The exchange rate after 6 months = 154.4 yen per dollar
The amount to be received =
or
The actual amount received =
or
The actual amount received = $929404.14
Answer:
a. All of the answers are correct
Explanation:
Quality is the manufacturer's perception of how well he is meeting customer needs, while measuring quality employs methods that gets the customer's perception of the product provided.
First of all Weights to combine the various deviations from expectations - will measure difference between what the customer expects and what he actually gets. This can be negative or positive impression.
Secondly Knowledge of customer expectations - acts as a guide to measure if a product is actually meeting customer needs. For example if a customer needs a car that has a small engine and low fuel consumption, and the company is providing a large engine with high fuel consumption. This is a variation from customer expectation.
Finally Measures of actual realized value - gives the actual value the customer recieves from the use of the product.