Answer: The answer would be a interrogation
Explanation:
Answer:
Trial Balance of Starbooks Corporation as on September 30, 2012
Particulars Debit Credit
Accounts Payable $219
Accounts Receivable $189
Accrued Liabilities $352
Accumulated Depreciation $298
Cash $305
Contributed Capital $149
Depreciation Expense $338
General & Admin. Exp. $355
Income Tax Expense $300
Interest Revenue $90
Long-term Debt $194
Other Current Assets $69
Other Noncurrent Assets $459
Other Expenses $195
Prepaid Expenses $92
Property and Equipment $2,140
Retained Earnings $1,443
Selling Expenses $2,603
Service Revenue $6,361
Short-term Bank Loan $474
Store Operating Expenses $2,164
Supplies $544
Unearned Revenue $173
Total $9753 $9753
Answer: D. flat, because firms are reluctant to give their current workers raises when output is so low
Explanation:
When low levels of output are being produced, the supply curve will be flatter to show that goods are not too highly priced. This is because the goods are not costing as much to make because producers are unwilling to increase the wages of their current workers with such low output. Labor costs will therefore be kept below a certain level which will keep prices low.
Answer: Product differentiation strategy
Explanation: In the given case, the industry in which Thomas works depicts features of oligopoly with few firms operating at high level. Thus, increase in price by Thomas would shift the demand for consumers to other firms.
Hence Thomas should opt for product differentiation strategy and should increase those features which classify its products different from the others. In such industries, quality is the core essence and costumers are wiling to pay slight higher prices if the quality of the product offered is higher than others.
Hence Thomas should narrow the completion and should focus on inventing some unique features in his products.