Answer:
The correct answer is D. perfectly elastic labor supply curve and a downsloping labor demand curve.
Explanation:
The basis of the model is the assumption that no player in the market is large or strong enough to be able to control the industry. There are many buyers and sellers, and each one is small. Companies can sell any amount of production at market prices. Companies in this form of market face a horizontal demand curve, and all companies produce a homogeneous product.
A large number of small sellers and buyers exist in this type of market. No entity is so powerful that it can change the face or direction of the industry. No company can produce any control over the price or quantity of the product. Although each company increase or decrease prices and production, the industry as a whole remains unchanged.
Answer:
The answer is C: the matrix requires at least three years worth of data.
Explanation:
The Boston Consultinf Group (BCG) Matrix does not require three years worth of data.
Steps in performing
Step 1. Choose the unit
Step 2. Define the market
Step 3. Calculate relative market share
Step 4. Find out market growth rate
Step 5. Draw the circles on a matrix
I believe
D) all of these
Hope I helped :)
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A <u>competitive advantage </u>must provide the new business with the opportunity to make money in excess of the competition.
<h3>What is competitve advantage?</h3>
Competitive advantage refers to the factors that allow a company to produce goods or services better or at a lower cost than its competitors. These factors allow the production unit to generate more revenue or higher profit margins than its competitors in the market. Competitive advantage is due to many factors including cost structure, brand image, product quality provided, distribution network, intellectual property and customer service.
Competitive advantage is what makes an entity's products or services more attractive to customers than any other competitor.
Competitive advantage can be divided into comparative advantage and differential advantage.
To learn more about competitive advantage from given link
brainly.com/question/26514848
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