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Viktor [21]
3 years ago
14

What factors under the control of owners and managers make a firm successful and allow it to earn economic​ profits?

Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer: E. The firm's ability to differentiate its product

Explanation:

The factor under the control of owners and managers that make a firm successful and allow it to earn economic​ profits is the firm's ability to differentiate its product.

Product Differentiation has to do with making a product unique from that of its rivals so that it'll be attractive to the customers and the target market. This will slow be vital for the company to produce at a average cost that is lower than that of its competing firms. This will help the company to have a competitive edge over others.

You might be interested in
An online recruiting website offers business customers up to 25 job postings per year costing $75 each. If a company posted 15 j
DaniilM [7]

Answer:

$1,035

Explanation:

Each job costs $75

Job posted 15 jobs

Total  income = $1,125. ($75X$15)

8% sales tax =$90 (0.08 x $ 1, 125)

                 

Total cost= $ 1,123- $90

                  =$1,035

4 0
3 years ago
How much control does the government exert over businesses in a command economy, and what are some of the associated risks and d
siniylev [52]

The government has total control in a command economy, all production, investment, prices and incomes are determined by the government. A command economy is also known as a communist society because business owners do not have any control over their businesses. In a command economy, there are risks/disadvantages of running operations this way because there is a lack of competition and efficiency. When the government controls everything, there is less competition because pricing is set by the government. There is also less efficiency due to them waiting on the government to make their decisions.

5 0
3 years ago
The big issue in the Palsgraf case was:_________
liubo4ka [24]

Answer: d) whether LIRR is liable under negligence to Mrs. Palsgraf.

Explanation:

Palsgraf v. Long Island Railroad Co. was a very famous case in American tort law from 1928 which deals with the issue of being liable to an unforeseen Plaintiff.

In the case, Helen Palsgraf and her daughter were at the Long Island Railroad Co. (LIRR) station platform waiting to board a train to go to the beach when two men were being assisted to enter the train by Employees of LIRR. Whilst this was happening one of the men dropped a product that detonated. This hit her and she began to stammer. She sued the railroad and won in two courts until she got to the New York Court of Appeals where she lost the case as the Judge did not believe the Issue was right.

The Issue was whether LIRR owed her a duty of care even if they could not have known that she could be harmed from helping the men.

6 0
4 years ago
Another differing viewpoint is offered by Vivek Wadhwa. Mr. Wadhwa agreed with Mr. Grove that a bigger focus on creating U.S. jo
Inessa [10]

Answer:

He stated that most United states companies that are blue-chip will be the first to suffer the effects from a trade war.

Explanation:

Solution

Mr. Wadhwa came in terms with Andy Grove not fully as he did not find the protectionist trade war as acceptable.

He stated that it will greatly affects those firms who got their sales majorly from abroad. although, he favored need of more job creation in the United States.

Mr. Wadhwa’s main issue was that going for protectionist trade, where products which are produced off-shore and then transported to United States will be forced to pay more taxes, this will have a negative effect over existing large Blue chip organizations or firms.

Hence, he suggested to focus more over mid-career entrepreneurship.

6 0
3 years ago
the andrews family has $40,000 for a down payment on a house and closing cost. they need a loan to cover the remaining expenses
Katyanochek1 [597]

Answer:

$117.500

Explanation:

$40.000 cover

- $32.500 downton payment

- $7.500 - closing costs (5%*$150.000)

Closing costs is not a part of house price.

Remain costs = $150.000 - $32.500 = $117.500

3 0
2 years ago
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