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iragen [17]
3 years ago
14

When a firm competes in a relatively small geographically defined specific area, it is using a(n) _______ strategy?

Business
1 answer:
Lady_Fox [76]3 years ago
5 0

The answer to the missing word on the statement above is market focus. When a firm competes in a geographically defined specific are, it is using a market focus. For a business to be market-focused, you have to look outside the company for input and data essential to create strategic and tactical judgements. Market focus means you have to have a great deal of understanding your customers. It also means you have to know your competitors very well, and anticipate their next moves.

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During November, the production department of a process operations system completed and transferred to finished goods 31,000 uni
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Answer:

188,000 units

Explanation:

For computing the equivalent units for material cost, first we have to compute the transferred units which is shown below:

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It is important when regulating a market with a natural monopoly to maintain on going business incentives for the firm involved.
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Answer:

The natural monopoly will have incentives for efficiency and innovation

Explanation:

Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.

In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.

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4 years ago
The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is cal
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Answer:

Preemptive right

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