Answer:
see below
Explanation:
1. In a monopoly, one firm dominates a large market. Only one seller is serving a large number of buyers. In a perfectly competitive market structure, many sellers are competing to sell to many buyers.
2. A monopoly has no competition for its products. There are no close substitutes, which leaves customers with no other option but to buy from the monopoly. In perfect competition, sellers sell identical products. There is stiff competition for the product being sold.
3. In a monopoly, there are strong barriers to entry and exit from the market. In a perfectly competitive market, restrictions on entry or exit are absent.
4. The price for a monopoly is always set above the average cost, while in perfect competition, the price set is equal to the marginal cost.
5. A monopoly has full control over its price and can offer different prices to different groups of customers. In a perfects competition, the firms cannot practice price discrimination because they have no control over prices.
Answer:
b. competitive advantage.
Explanation:
Competitive advantage -
It is the condition which allows the company or the country to produce services or goods of lower price but of equal level .
It enables the productivity to generate superior margins or more sales in comparison to its own market rivals .
These are attributed to factors like the cost , branding , the distribution network , customer service , intellectual property and structure .
Hence , from the data of the question , the correct option is ( b ) .
Answer:
Total cost= $15,100
Explanation:
Giving the following information:
The job cost record for Job A61 on March 1 showed a balance of $5,200.
Job A61:
March:
Direct materials= $2,300.
Direct Labor= $4,000.
Manufacturing overhead is allocated based on direct labor cost. The rate is 90% of direct labor cost.
MOH= 4000*0.9= $3,600
Total cost= 5,200 + 2,300 + 4,000 + 3,600= $15,100
Answer: Introduction, supporting details, and conclusion.
Answer:
Presentations are a vital source of marketing a product. The sales team can impact a client by its presentation skills. The presentation is impacting if it contains graphs, charts and pictures. This enables the client easy comparison among other products.
Explanation:
The presentations helps the sales team to market their product easily. The brochures, pictures, catalogs and graphs are used for easy illustrations. They help the managers and clients to easily understand the product features and its performance over years with comparison of other products.
