<span>Outsourcing workforce analysis. Outsourcing has the potential of saving a company a significant amount of money on labour costs. By utilizing labour in countries with less stringent minimum wage and work hours laws, a company can increase output while decreasing labour costs.</span>
Through price collusion, each firm would achieve higher profits.
When competing businesses agree to cooperate, such as by raising prices in order to increase profits, this is called collusion. Collusion is a strategy used by businesses to increase profits at the expense of customers and lowers market competition.
Lower consumer surplus, higher prices, and more profits for the colluding businesses are the results of collusion. It may enable oligopolists to exercise monopoly power and increase their group earnings. In an oligopoly, businesses have a strong incentive to work together.
Collusion may be a tactic used in times of unproductive economic circumstances to try and rescue the industry and save companies from going out of business, which would not be for the long-term benefit of consumers.
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Answer:
review your progress, reevaluate, and revise your plan
Explanation:
Based on the information provided within the question it can be said that in this scenario the step that you have completely neglected is to review your progress, reevaluate, and revise your plan. That is because in this scenario many events have occurred, and it seems that your financial plan after retirement has not been adjusted with each and every one of these life events. Therefore it is outdated and most likely not providing the benefits it once did.
Answer:
the fixed costs for Rackit Corporation is $161,500.
Explanation:
Cash Flow DOL = 1 + Fixed Cost / EBITDA
2.7 = 1 + Fixed Cost / 95,000
1.7 = Fixed Cost / 95,000
Fixed Cost = $161,500
Therefore, the fixed costs for Rackit Corporation is $161,500.
Answer:
D. Any advantage that one firm has will be short-lived.
Explanation:
With the three firms all producing the same product with similar resources in their production and distribution of their products, any advantage that a firm has over the others if any would not last long at all. This is because each firm is using similar technique in the same location. Hence, there's nothing special about one of the firms over the others.
