Answer:
Pure competition
Explanation:
Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition. Other characteristics of perfect competition include.
- easy to enter and exit the market since there are no trade barriers
- All sellers sell a homogeneous product
- all sellers are price takers
- There are many buyers.
- Buyers have sufficient knowledge of prices and suppliers.
Firms pursuing a global standardization strategy focus on the realization of location and experience curve economies.
<h3>What is
a global standardization strategy?</h3>
The capacity to apply standardized marketing messaging and campaigns across markets, regions, and cultures is referred to as a global standardization strategy. Global standardization is used by the world's largest brands, such as Adidas and Coca-Cola, to offer a consistent brand experience across countries and languages.
For example, the Coca-Cola Company uses global standardization in marketing by keeping the product's presentation largely consistent throughout markets. Even though several languages are shown on the items, the corporation uses the same design motif.
These advantages include cost reduction, international price reduction, competitive decrease, market position consolidation, and promotion of a distinct international image.
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<span>In order to determine the amount of the deposits, you must divide the overall amount needed by the future value of annuity due of 1 at 10% for 4 periods. $6,000,000 / 5.11 = $1,174,168.</span>
Answer;
Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
a. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
331,000 = a - 64,900
a = 331,000 + 64,900
= $395,900
b. Cost of goods sold = Cost of goods manufactured - Ending finished goods
b = 395,900 - 76,800
= $319,800
c. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
c = 178,600 - 18,800
= $159,800
d. Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
d = 178,600 - 37,500
= $141,100
e. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
65,800 = 103,400 - e
e = 103,400 - 65,800
= $37,600
f. Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
- missing figure (ending finished goods).
