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Helen [10]
3 years ago
7

The mission of a company lays out some desired future state and articulates that the company would like to achieve

Business
1 answer:
Nikolay [14]3 years ago
4 0

Answer:

False

Explanation:

It is the Vision Statement that "lays out an entity's desired future state and articulates that the company would like to achieve it."  On the other hand, the Mission Statement defines the company's business, its goals, and its strategy to achieve the goals.  Simply, the mission conveys the purpose and reason for an entity's existence.  A Vision Statement clearly describes the desired future state or position of the company.  The vision guides the organization to make decisions that align with its philosophy and declared goals, as stated in the Mission Statement.

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A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q
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Answer:

50

Explanation:

According to the question, The computation of the quantity produce is shown below:

Here we use the differentiation LRAC to zero

\frac{\partial LRATC}{\partial Q}=-10+0.2Q=0\\\\ 0.2Q=10\\\\ Q=50

From above calculation it can be concluded that the each firm would be produced the quantity of long run equilibrium for 50

Hence, the first option is correct

5 0
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Suppose the current level of output is 5000 and the elasticity of output with respect to capital is 0.4. A 10% increase in capit
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One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims re
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8 0
3 years ago
The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The follow
maksim [4K]

Answer:

The correct answer is $780.

Explanation:

As per the data given in the question,

Markup percentage = 30%

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We can calculate the price by using following formula:

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by putting the value, we get

Price = $600 + ( $600 × 30% )

= $600 + $180

= $780.

Hence, the price that company charge will be $780.

5 0
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Natural monopolies form when:
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3 years ago
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