Answer:
slow growth in buyer demand, weakly differentiated products among rival sellers.
Explanation:
There a number of causes that relate to the firms rivalry among its competitors.
1. Barriers to entry.
2. Bargaining power of the buyers.
3. Bargaining power of the suppliers.
4. Threat of substitutes.
5. Slow industry growth.
6. Lack of differentiation and switching costs.
7. Diverse competitors.
8. High strategic stakes.
Answer: It helps your employees do their job better.
Explanation: Not only that but it will help all people who work there, know what the job is about and know the full meaning and whole of what it is. I hope this helps!
Answer:
$37.80
Explanation:
Particulars Amount Calculations
Direct materials $7.00
Handling $2.80 ($3,500/5,000*4 parts)
Assembling $9.60 ($12,000/5,000*4 parts)
Packaging <u>$18.40 </u> ($5,750/1,250*4 parts)
Total manufacturing cost per chair <u>$37.80</u>
Answer:
Option (B) is correct.
Explanation:
Unit of account:
There are some functions of money or we can say that characterstics of money:
(a) Medium of exchange
(b) Store of value
(c) Unit of account
(d) Standard of deferred payments
Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.
By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.
That's why sea shells unfit to act as money today.