The four-firm concentration ratio is a term used to refer to the market share of the four largest firms. In this given example, the total number of output every year is 100 watches per year. Then, 90 of which are coming from the four largest firm. Thus, the four-firm concentration ratio is equal to 90%.
Target's donation of 5% of its annual income to community support is an example of social responsibility.
Social responsibility is a theory that involves ethics and fulfilling civic duty. When target makes these donations, they are benefiting the society as a whole and balancing growth with welfare of the society.
Answer:
agrarian economy
Explanation:
Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is <u><em>agrarian society</em></u>, and in this the society is highly dependable on agricultural products in order to derive income.
For example, cell A3 below contains the SUM function in which calculates the sum of the around range A1:A2.
Tip: instead of typing/writing A1 and A2, simply select the cell A1 and cell A2.
Excel automatically recalculates the value of the cell A3.
Hope this helps!
Answer:
Hotel A, Indianapolis
The number of rooms that the hotel should sell for this particular night to minimize their costs is:
= 196 rooms.
Explanation:
a) Data and Calculations:
Hotel rooms available = 180
Expected percentage of reservations that will actually show up = 92%
Cost per empty room = $175
Cost per room for overbooking and placing extra guests in other accommodations = $375
The number of rooms to sell this particular night to minimize costs = 180/92% = 196 rooms
Booking 196 rooms will ensure that the maximum rooms are fully taken by the reservationists and the hotel can only incur a probable cost of $375 per overbooked guest.
