Answer:
From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location. Each factor hinges on the availability or attractiveness of substitutes and, when no alternatives exist and the company is a single seller of a unique product, a monopoly exists and there is zero competition.
Explanation:
- When a company has a unique product that no other company is selling, a monopoly exists, as there is no competition.
- Most markets are somewhere in between competition and a monopoly.
- The amount of competition will also vary depending on location, the barriers to entry, and the availability of pricing information.
Alternatively, a product might be completely differentiated, meaning that it is unique. If so, there might be few alternatives and thus low levels of competition. The level of differentiation is largely a subjective matter and subject to consumer opinion.
The number of sellers also impacts competition. If there are many sellers of an undifferentiated product, competition is considered to be high. If there are few sellers, competition is low. If there is a single seller, the market is considered a monopoly.
Answer:
- Bart types information into a computer database
- Phuong works on a research project and creates a report for her boss.
- Anton answers phone calls and greets guests who visit a company
Explanation:
Administrative and Information Support workers provide support to the company's executives and management. This support includes general office management, welcoming and guiding visitors, answering phone calls, assisting and responding to clients queries, and clerical work. They also do data entry and records maintenance.
Administrative and Information Support workers require Strong administrative and multi-tasking skills to execute their mandate effectively.
Answer:
He has a teenage daughter that was pregnant or with a little child.
Explanation:
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers are vouchers provided by the federal government to states to ensure that low income pregnant teenager or women, infants and children have access to supplemental food, healthcare, etc. This is in a bid to ensure that every pregnant woman, their children or infants are well taken care of and have access to better health system among other things.
These vouchers cater for over millions of people through their over 40,000 merchants all over the world.
Cheers.
Answer:
B. It eliminated all tariffs and non-tariff trade barriers from within North America.
Explanation:
The North American Free Trade Agreement was a pact formed between America, Canada, and Mexico to encourage trade between these three countries. This pact encouraged trade within these three nations by eliminating tariff barriers that would otherwise have limited trade between the countries.
NAFTA became active on January 1, 1994. NAFTA today has been replaced by another agreement known as the United States- Mexico Trade Agreement. This was made possible by President Donald Trump who believed that NAFTA was not really fair on America.
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