The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward
<h3>What is meant by marginal revenue?</h3>
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.
An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.
Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.
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Answer:
OB. the owner owns only some of the units
Explanation:
A franchise is a business model where a franchisee acquires a license from the franchisor to operate a similar business to the franchisor. The franchisor owns the popular business and authorities the franchisee to establish an independent but outlet. The franchisee acquires rights to the business name, products, services, logo, brand name, and systems from the franchisor.
A franchisee business operates as a branch of the franchisor business. The only difference is that a franchisee is owned and managed by an independent investor. In the chain store, all the branches are owned by the same entity or investor. The franchisor does not own all the outlets that operate with his brand name.
Yes , the increasing average payment period decreases the operating cycle
All small business owners know the importance of liquidity-have enough cash on hand to pay the bills. For this reason, business owners and managers monitor the cash conversion cycle. This shows how quickly companies are moving from paying inventory to receiving cash for sold inventory. An important factor in calculating a company's cash conversion cycle is the accounts payable period. The longer the period, the shorter the cycle.
The cash conversion cycle can be calculated using the data readily available on the company's balance sheet and income statement. It has three components. "Inventory days". On average, it indicates how long a product remains in stock before it is sold. "Accounts receivable days" or A / R days. This shows how long it takes a customer to pay an invoice. "Vendor date" or A / P date.
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Answer: Sales Orientation
Explanation:
Sales-oriented firms are business firms that focus most of their efforts on developing a sales force to promote and sell their products or services. Sales oriented spend little on spend little on marketing research and planning, target customers indiscriminately. The approaches carried out by sales oriented companies, are usually done through door-to-door sales, phone calls, and other face-to-face interactions with potential clients or prospects. The sales force is usually the most important asset of the company and is the main driver of its success and profitability.
Explanation:
Stocks shares of a company is the legal claim of the buyer over the assets and earnings of a company. When a person buys stocks of a company, he is given a certificate of ownership on the assets and capital or earnings of the company. When you buy more and more stocks, your strength or claim or share on the company increases automatically. So it is always advised to buy stocks of company which is doing good in the market. In this way, you would earn handsome amount of earnings as well and there are less chances of financial instability of the company.
