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Andrew [12]
3 years ago
5

An emerging industry is an industry in which a large number of small or medium-sized firms operate and no small set of firms has

a dominant market share or creates dominant technologies
a. True
b. False
Business
1 answer:
irakobra [83]3 years ago
4 0

Answer: False

Explanation:

In an emerging market, there are only a few firms as the product is new and so has not been copied extensively yet. As a result, only a small set of firms are dominant in the market.

As the market grows and firms see that there is profit to be made, they will come into the market and this will increase the number of firms and reduce the dominance of the earlier firms.

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Information concerning Department A of Synergy Company for the month of June is as follows: Materials Units Costs Work in proces
vfiekz [6]

Answer:

0.78

Explanation:

beginning 22,000 with a cost of 15,675

started and completed: completed - beginning

                                         99,000 - 22,000  =    77,000

equivalent units ending WIP 16,500 x100% =    16,500

equivalent units for materials 93,500

equivalent cost of materials: 73,260 / 93,500 = 0,78

for the equivalent cost we will calcualte only using the cost added during the period.

8 0
3 years ago
Suppose the government applies a specific tax to a good where the demand elasticity, E, is -1.4, and the supply elasticity, n, i
VMariaS [17]

Answer:

The correct answer is option D.

Explanation:

The demand elasticity is -1.4.

The supply elasticity is 1.2.

Since the demand is elastic, the imposition of tax will not be profitable for the government.

The imposition of tax will increase the price of the good, this will decrease the demand for good, thus the revenue will decrease.  

The tax incidence on consumers

= E (supply) / (E (demand)) + E (supply)  

= \frac{1.2}{1.2 - 1.4}

= \frac{1.2}{-0.2}

= -6

4 0
3 years ago
Jim, a Connecticut resident, ran a red light while he was vacationing in California and collided with Amanda’s car. Amanda suffe
kolezko [41]

Answer: The court must return the excess proceeds to Jim.

Explanation: The excess money left after a property is sold and the debt owe is paid off is termed surplus and it is usually given to the owner of the property sold.

5 0
3 years ago
Autumn, a manager for Shine Cosmetics, has just been given a report showing sales in her region are lower than anticipated for t
Llana [10]

Answer: Controlling

Explanation:

Autumn is using the management quality of controlling to correct the low sales at her company, and to get a higher sales at her sales region.

Controlling in management involves the process where a manager accesses a company's current performance record and looks out for ways to improve their performance.

8 0
3 years ago
Match the terms with their descriptions. Customer Inquiry Quotation Customer Purchase Order A. An agreement to purchase the stat
REY [17]

Answer:

matched as below

Explanation:

A. An agreement to purchase the stated material, for the stated price, under the stated terms..<u>.Customer Purchase Order.</u>

A purchase order represents instructions contained in an order document given out by a customer to business to deliver the goods specified in the order. The customer has committed to buy the goods stated in the order. A customer will prepare a Customer purchase order based on a quotation provided by a business.

B. It spells out the availability and prices of the materials specified in the inquiry. It is prepared by the sales department. ..<u>Quotation.</u>

A quotation is a document prepared by a company detailing the availability of specified good or services and their prices. A quotation will be issued in response to an inquiry from a customer.  The sales department prepares the document in consultations with the stores department.

C. A request for information about the availability and prices of the products that a customer is interested in...<u>Customer Inquiry</u>.

A Customer Inquiry is a document that specifies items or services that customer would wish to buy from the business. The customer seeks to know if the company deals with specific products, their prices and availability.

5 0
3 years ago
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