Answer: Our group will suggest strategy of Contraction of product mix
<u>Explanation:</u>
Our group will suggest a contraction of the product mix strategy. As per this strategy, we can eliminate one or more product lines or product items from the product mix. This will contract our product mix. The products like medical uniforms and women jeans which are having no sale and are not profitable now can be eliminated.
A company can target the customer for those products which are still in the product mix.
Answer:
4-Firm Concentration ratio = 20%
Explanation:
Each firm has equal share
That means 100% share of the industry is divided equally among the 20 firm
Share of 1 firm = 100/20 = 5%
4-Firm Concentration ratio = Share of 1 firm * Number of firm
4-Firm Concentration ratio = 0.05 * 4
4-Firm Concentration ratio = 0.2
4-Firm Concentration ratio = 20%
Answer:
Each mentioned criteria is a must, but age would be out of it.
While the federal tax device tends to limit inequality, kingdom and local taxes tend to amplify it.
The bottom 20% of households pay 11.4% of their incomes in state and neighborhood taxes, whilst the top 1% pay simply 7.4%. About a 0.33 of taxes that Americans pay are truely going to country and nearby governments.
<h3>How can the authorities decrease income inequality?</h3>
Income inequality can be decreased directly by means of lowering the incomes of the richest or through growing the incomes of the poorest. Policies focusing on the latter include growing employment or wages and transferring income.
<h3>How does profits inequality have an effect on the economy?</h3>
Economic stability
A variety of economists have argued that inequality leads to monetary instability. One mechanism by using which this takes place is that the prosperous devour a smaller proportion of their earnings than the poor. They keep money which people on decrease incomes would spend.
Learn more about income inequality here:
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