All categories

4 years ago

What are barriers to entry?

Business

1 answer:

yan [13]4 years ago

8 0

Answer:

Barriers to entry are the economic term describing the existence of high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business. Barriers to entry benefit existing firms because they protect their revenues and profits

You might be interested in

The delivery of medical care in preindustrial America was governed mainly by: A. free-market conditions. B. professionalization

timama [110]

Answer:

A. free-market conditions.

Explanation:

Free market are the condition in the market, which is not governed by the government and people are free to exchange their goods and services with others and market are solely operated by the law of demand and supply. Government does not interfere in the functioning of market and market is regulated by private players or entrepreneur.

Following are the disadvantages of free market condition:

Profit is the only motive remain.
High rate of unemployment and inquality.
High chances of monopoly.

6 0

3 years ago

XYZ Company makes 400 widgets. The variable costs are $35.60 per unit and fixed costs are $30.00 per unit; however, $21.40 in fi

Anuta_ua [19.1K]

Answer:

increase in income of $80

Explanation:

Prepare an Analysis of Costs and Savings if the Company buys from Outside Supplier.

Note : The fixed costs per unit at are unavoidable are irrelevant and disregarded in this decision.

<u>Analysis of Costs and Savings</u>

Purchase Price (400 widgets × $44.00) = ($17,600)

Savings :

Variable Costs ($35.60 × 400 widgets) = $14,240

Fixed Cost ( $8.60 × 400 widgets) = $3,440

Net Income effect = $80

Conclusion :

The effect on net income if the company instead buys the widgets is an increase in income of $80

3 0

4 years ago

Dee wants to give Fleesum's employees more freedom to schedule when they begin and end their workdays. Her plan still requires e

Usimov [2.4K]

Answer:

Flextime plan

Explanation:

A flextime plan is a way in which the work time of employees is not fixed and is different from the traditional working hours (for example traditional hours of 9am to 5pm).

In this arrangement it is possible to have a full schedule of work in fewer days. It is possible to run 40 hours of work in 4 days rather than the traditional 5 day work week.

Employers leverage on this type of work plan to meet business needs and to maximise changes in work force

The schedule which Dee is suggesting for Fleesum's employees is for them to work work eight hours per day, but allows them to start as early as 7:00 a.m. or as late as 9:00 a.m., and leave as early as 4:00 p.m. or as late as 6:00 p.m. Her plan also requires all workers to be on the job between 9:00 a.m. and noon, and between 2:00 p.m. and 4:00 p.m.

Business need will most likely be high between 9am to 12pm and 2pm to 4pm.

4 0

3 years ago

Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $6,700 on January 15, 2016. On December 31, 2018 she sold all 1,000

Sedaia [141]

Answer:

her basis in her 1,000 shares purchased in 2019 = $4,775

Explanation:

Data provided in the question:

Number of shares bought = 1,000

Value of Ibis Corporation stock = $6,700

Selling value of Ibis Corporation stock on December 31, 2018 = $5,350

Buying price of shares on January 23, 2019 = $3,425

Now,

Since shares are bought back within 30 days from the previously purchase shares sold ,

therefore,

the loss will not be considered

But this will increase the Adjusted basis for new shares purchase

Thus,

Realized loss = Sales value - Purchase value

= $5,350 - $6,700

= - $1350

Here,

the negative sign depicts the loss

LTCL = $0

Adjusted basis for new 1000 shares

= Buying price of shares on January 23, 2019 + Realized loss

= $3,425 + $1,350

= $4,775

8 0

4 years ago

In the context of the service encounter triad, the trade-off between the service organization and contact personnel is one of: a

LUCKY_DIMON [66]

Answer:

B) efficiency versus autonomy

Explanation:

The three parties that make up the service encounter triad are: the organization that provides the service, contact personnel (which are part of the organization) and the customers. For example, in a service encounter that tales place in a movie theater; a contact person (e.g. sales clerk) provides a service (e.g. movie ticket) to a customer.

A lot of physical vendors or clerks are being replaced by automated customer service machines that are cheaper for the company but have limited autonomy. For example, in movie theaters you can get your tickets from a machine, so unless you also buy a soda or candy, you don't need to interact with the sales clerk.

5 0

3 years ago

What are barriers to entry?​

What are barriers to entry?