Answer: Price leadership
Explanation: In simple words, under price leadership strategy the dominant firm in the industry sets the prices for their products in the first place and then after that the other competing firms sets their prices following that dominating firm.
In the given case, the general motors is practicing price leadership as they are setting the prices in the market initially which is then matched by other firms.
Answer: See explanation
Explanation:
Economics is the study of human behavior and also how resources are allocated in the society. Economics studies the reason for the behavior in the individuals, firms or government when certain situations happen in the economy.
Opportunity cost is refered to as n alternative cost that's, the cos if what we forgo when we make an alternative decision. For example, if I purchase a book for $20, the opportunity cost is something else that I could have used the $20 for.
<span>Francine would be considered an entrepreneur because she is someone who initiates and assumes the financial risk of a new business enterprise.
</span>An entrepreneur is defined as someone who owns and operates a business or businesses and takes on a greater than normal financial risk to do that. An entrepreneur starts their own business and puts everything they have into making it successful, no matter the risk, they tend to take it to become successful.<span>
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Answer:
the balance in the unearned revenue as on Dec 31 is $200,000
Explanation:
The computation of the balance in the unearned revenue as on Dec 31 is as follows
= Yearly subscription revenue collected ÷ total number of months in a year × given number of months
= $480,000 ÷ 12 months × 5 months
= $200,000
The five month is calculated from Dec 31 to May 31
Hence, the balance in the unearned revenue as on Dec 31 is $200,000
C) create customer interest
