Answer:
Explanation:
First scenario: The answer is No, not many sellers. The drug of the pharmaceutical company has patent right and it is the only firm selling this product. This makes the company a monopolist (single seller)
Second scenario: No, not an identical product. Cable company and phone company produce different products. Cable companies majorly deal with television access.
Third Scenario: no, not many sellers. One firm is dominating the market and customers prefers this. Its product has been differentiated and it can charge its own price.
Fourth scenario: yes,meets all assumptions. The socks are identical and consumers do not care about the seller because the same utility will be derived from the socks.
Answer:
c. evaluate a company's ethical culture
Explanation:
Ethics auditing is used to systematically evaluate an organization's effectiveness when it comes to performance ethics and programs. This will determine both the internal and external impacts of ethical performance. It also helps in identifying the problems and risks in outgoing activities. This way the company can take necessary measures to correct, adjust or eliminate any ethical concerns that may arise.
The complete question is as follows:
What percentage of your gross salary does the consumer financial bureau suggest?
The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.
<h3>What is a gross salary?</h3>
Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.
According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.
Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.
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When two variables relate such that one variable increases while the other one decreases means that the relationship is d. Negative.
<h3>What is a negative variable relationship?</h3>
This refers to a relationship between two variables where they move in opposite directions. For instance, an increase in one means that there is a decrease in the other.
An example of this would be eating a snack. The more snacks you eat, the less snacks remain in the snack container.
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Airlines that offer lower fares on seats shortly before the flight’s departure date to fill empty seats are utilizing what type of pricing tactic: Dynamic pricing.
<h3>
What is dynamic pricing?</h3>
Dynamic pricing can be defined as the situation where a company or business owner decide to change the price of the product due to low demand or when the price of a product is slice down or reduce due to market demand for such product.
Based on the given scenario the airline is making use of dynamic pricing due to low patronage so as to attract people.
Inconclusion airlines that offer lower fares on seats shortly before the flight’s departure date to fill empty seats are utilizing what type of pricing tactic: Dynamic pricing.
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