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3 years ago

What is strategic procurement

Business

1 answer:

Elodia [21]3 years ago

6 0

Hi There :D

Basically it's advanced planning, scheduling, and group buying initiatives, a firm can experience significant cost savings

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If the market price is $16, this firm will a. produce 4 units of output in the short run and exit in the long run. b. produce 5

Salsk061 [2.6K]

This question is incomplete, I got the complete one from google as:

Output Total cost

0 5

1 10

2 12

3 15

4 24

5 40

If the market price is $16, this firm will a. produce 4 units of output in the short run and exit in the long run. b. produce 5 units of output in the short run and exit in the long run. c. shut down in the short run and exit in the long run. d. produce 5 units of output in the short run and face competition from new market entrants in the long run

Answer:

Option D is correct- If the market price is $16, this firm will produce 5 units of output in the short run and face competition from new market entrants in the long run.

Explanation:

The fixed cost is $5, this indicates that when the market price is $16, the marginal cost is also $16.

When the 5th unit is produced, the total revenue received will be $80 while the total cost will be $40. This indicates that there will be a positive economic profit which will bring new firms in the long run.

Hence, option D is the correct answer - If the market price is $16, this firm will produce 5 units of output in the short run and face competition from new market entrants in the long run.

4 0

4 years ago

Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $22,000,000 of 20-yea

Nina [5.8K]

Answer and Explanation:

The Journal entry is shown below:-

Cash Dr, $22,000,000

To Bonds payable $22,000,000

(Being issuance of bonds is recorded)

2. Interest expenses Dr, $440,000

($22,000,000 × 4% × 6 ÷ 12)

To cash $440,000

(Being payment of interest is recorded)

3. Bonds payable Dr, $22,000,000

To Cash $21,560,000

To Gain on Retirement on bonds, plug $440,000

(Being the retirement of bonds is recorded)

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3 years ago

There are many restaurants in the city of Raleigh, each one offering food and services that differ from those of its competitors

tamaranim1 [39]

Answer: b. monopolistically competitive

Explanation:

The characteristics of a monopolistically competitive industry includes:

1. Many Buyers and Sellers

2. No barriers to entry or exit

3. Non homogenous products

4. Firms are price makers

Therefore, the resturant is a monpolistically competitive industry.

The characteristics of an oligopoly includes:

1. Interdependence in decision making

2. There are few firms in the industry.

The characteristics of a monopoly includes:

1. There is only one firm in the industry

2. There are no subsistuites for the products.

3. High barriers to entry and exist.

The characteristics of a perfectly competitive industry includes:

1. Many buyers and sellers

2. No barriers to entry or exist.

3. No product differentiation.

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3 years ago

Match the type of information system with its description

UNO [17]

I am not sure so sport but ikr

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3 years ago

Monica, a doctor, owns a small health care clinic that serves underserved people in a lower-income neighborhood. What type of

kogti [31]

Answer:

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3 years ago

What is strategic procurement ​

What is strategic procurement