Price leadership refers to the setting of price in a market by a dominant company which is observed by other in the same market. It is a form of cooperative pricing. The method of price leadership is often used by matured and established industries.
INCREASE IN RIVALRY AMONG COMPANIES AND DECREASE IN PRICE AND PROFITS can occur when the price leadership model break down.
<span>One from each credit bureau per year, so in total three per year.</span>
Answer:
Variable manufacturing overhead rate variance= $677.1 unfavorable
Explanation:
Giving the following information:
Standard:
Variable overhead 0.3 hours $ 7.80 per hour
Actual output 5,000 units
Actual direct labor-hours 1,110 hours
Actual variable overhead cost $ 9,340
<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 9,340/1,110= $8.41
Variable manufacturing overhead rate variance= (7.8 - 8.41)*1,110
Variable manufacturing overhead rate variance= $677.1 unfavorable
Answer: a.)maximizes the minimum return.
Explanation:
Answer:
structurally unemployed.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
1. Cyclical unemployment rate (CU).
2. Frictional unemployment rate (FU).
3. Structural unemployment rate (SU).
Structural unemployment can be defined as an involuntary unemployment that arises as a result of the incompatibility between a worker's skills set and requisite skills an employer seeks from the workers or due to technological changes.
This ultimately implies that, it describes a situation where an individual isn't able to secure a job as a result of insufficient number of jobs matching their qualifications, thus limiting their opportunities.
In this scenario, Monica Smith was unemployed because the steel company, where she worked, closed and moved overseas to a foreign country. Other steel companies have also closed. Her skills are not transferable to another industry and she is unable to get a job.
Hence, she would be classified as structurally unemployed.
