Answer: Option A
Explanation: The basic organisational structure and several different characteristics prevailing in a business environment together constitutes a market structure. In an oligopolistic there are very few large firms which dominate the market, for example - auto industry.
As firms in the oligopolistic market are very high this results in high concentration in the market. Each firm in this market structure operates in so large scale that actions of one affects the operations of others.
Usually the capital need in such industries is too large making it difficult to entry also the need for several licenses acts as barriers to entry but there is no such thing like NO ENTRY in such industries.
Answer:
Explanation:
Economics is a social science needed with the production, distribution, and consumption of goods and services. It studies how we, businesses, governments, and nations make choices about how to assign resources.
Answer: Elastic
Explanation: When a good has close substitutes a small change in the price of the good will lead to a large change in its demand as consumers will switch to the less costly substitute good. Therefore, good with many close substitutes is likely to have relatively elastic demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises.
Answer:
A. A human resource manager needs to understand whether the company’s current employee mix has the skills and capabilities needed to achieve the goals laid out by a new strategic plan. -------- Descriptive Analytical Tool
B. A financial advisor would like to develop the best mix of stocks, bonds, and other investments for a client to achieve a comfortable level of risk.................prescriptive analytics tools
C. A large service firm wishes to determine how to invest the cash received from its financial product to achieve the best return.------------------prescriptive analytics tools
D. A logistics company wants to better understand the relative profitability of its numerous customers over the past three years. -------Descriptive Analytical Tool
E. A disaster relief agency needs to allocate its budget for the next year among various relief efforts and programs.----------- Predictive Analytical Tool
F. An automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. -----------Predictive Analytical Tool.
The short answer is that they are trusted more.
I would pick D.