Answer: it is the only seller of a unique product and barriers to entry prevent other sellers from entering the market in the long run.
Explanation:
A pure monopoly is referred to as a single supplier of a particular product in an industry. In such market, there no no substitute exists and such firms usually have a large market share.
They are price makers, profit maximizer, discriminate on prices and have a high barriers to entry. Due to their economies of scale, they prevent other sellers from entering the market in the long run.
<span>monuments is the right answer </span>
Answer:
Variance (Unfavorable) (NZD 340,000)
Explanation:
Budget Variance using exchange rate projected at the time of budget
Budget Actual Variance Exc. Rate Variance in NZD
MYR MYR
Revenue 12000000 11000000 -1000000 0.34 -340000
Expenses 9000000 9000000 0 0.34 0
Profit 3000000 2000000 -1000000 0.34 -340000
Answer: The correct answer is "C.an emergent strategy.".
Explanation: Adapting to new conditions like new innovations by competitors, fast-changing technological developments, and constantly evaluating what is working result in an emergent strategy.
Although not intentional, adopting an emerging strategy can help a company adapt more flexibly to the practical aspects of changing market conditions.
With this strategy a destination or a planning point is not assumed. On the contrary, the approach is that the strategy will emerge and develop as the organization advances.
The strategy arises as more is discovered about the environment and the views on the world, the needs of the clients, proposals and intentions are evaluated. It is a process of learning and adaptation.
