Annual membership fee is not a common credit card fee.
Answer:
rivalry among existing competitors
Explanation:
The Porters' 5 forces is used to analyse the competitiveness among firms in an industry.
Porter's 5 forces include :
- Competition in the industry : the higher the number of companies in the industry, the lower the power an individual firm possesses. For example, if an industry increases it price, a consumer can easily shift to the consumption of substitutes
- Potential of new entrants into the industry : If there are low barriers to entry in an industry, firms in the industry experience greater competition
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Power of suppliers : the higher the number of suppliers in the industry, the higher the bargaining power of firms in the industry and the greater the power they possess
- Power of customers : the larger the number of customers, the greater the power firms possess
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Threat of substitute product : if there are little or no substitutes for the goods produced by companies, the greater the power the firms possess
Answer:
The answer is 31%
Explanation:
Hope you have a great day
Answer:
Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three other students. One of your roommates has to suddenly move out! How much will your share of the expenses increase to, until you can find a new roommate?
if $750= 1 month
?= 12 months
then we have; $9000 per year shared by 4 friends
9000/4= $2250 per person in a year and
2250/12= $187.5 per person in a month
If someone left, then we have
$750= 1 month
?= 12 months
$9000/3= $3000 per person in a year
$3000/12= $250 per person in a month
So therefore, the share of expenses monthly increases from $187.5 to $250
Explanation:
Answer:
Labor
Explanation:
Factor of production: There are several resources that are required in the process of production or running any business to meet the required goal of the business.
There are four factor of production:
- Land
- Labor
- Capital.
- Entrepreneurship.
In the given case, Matt Newell is an Entrepreneur as he has started a new helicopter tour company, for which he acquired land and capital from the loan, however, he has not to manage labor for his business. Labor is essential to run any business.
