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qwelly [4]
3 years ago
13

One measure of the extent of competition in an industry is the concentration ratio. What level of concentration indicates that a

n industry is an​ oligopoly?
Most economists believe that a​ four-firm concentration ratio of __________ (less / greater than) than __________ percent indicates that an industry is an oligopoly. ​(Enter your response as an​ integer.)
Business
1 answer:
GarryVolchara [31]3 years ago
3 0

Answer: greater, 40%

Explanation: Most economist believe that a four firm concentration ratio is "greater" than "40%" indicate that an oligopoly.

Concentration ratio is simply the ratio of the combination of market shares of a specific numbers of firm to the size of a market. Three-firm, four-firm and five-firm concentration ratio are the most common to considered.

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What is the customer's goal?
ollegr [7]

Answer:

The key aspect of any business, company, or employer is customer service goals.

Explanation:

A customer service department and the staff represent the company and contribute to building the company's public perception. Customer service objectives are specific objectives and guidelines put in place by an enterprise to ensure that every client is 100% satisfied with the services provided by the enterprise. Excellent customer service means that every customer's needs and desires can be met promptly. A customer should never get away with a company or leave a place unhappy.

Improve customer service measurement

<u>Customers goals :</u>

  1. Easy to get in touch with customers
  2. Response times accelerated
  3. Improve customer service measurement
  4. Find ways to create an all-round experience for our customers
  5. Develop a loyalty program for clients
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6 0
3 years ago
The difference between distributive negotiation strategies and integrative negotiation strategies is that (1) distributive strat
Karolina [17]

Answer:

C. The second statement is correct

Distributive strategies focus on dividing the pie and integrative strategies on expanding the pie.

Explanation:

Distributive negotiation is a type of negotiation that both parties agrees to sharing existing resources within themselves so that they can part ways and it's mostly a win-lose situation while the integrative negotiation is a type where both parties seek to further expand the existing resources be looking forward to a collaborative process, it's always a win-win situation for both parties.

5 0
3 years ago
A pest control company sprays insecticide around the perimeter of a 180 ft by 180 ft building. if the spray costs $0.11 per foot
Bess [88]
To the nearest dollar, it would cost $3,564
6 0
3 years ago
An absolute definition of poverty is:________a) a relatively fixed level of income above which a person cannot function in a pro
mafiozo [28]

Answer:

d) Neither A nor B

Explanation:

Poverty refers to a financial state wherein an individual is unable to meet the most basic needs for survival such as food clothing and shelter.

Absolute poverty refers to a state wherein the income of a household is below a certain threshold level which makes it hard to meet the basic necessities of life such as food, shelter, water and sanitation.

The concept of relative poverty makes a comparison i.e relatively to others. When one is relatively poorer than others. The person in such a scenario may be able to meet his ends but relative to other households income, shall be termed as poor.

8 0
3 years ago
Scenario 34-1. Take the following information as given for a small, imaginary economy: When income is $10,000, consumption spend
laiz [17]

Answer:

0.75

Explanation:

Marginal Propensity to Consume (MPC) is the change in consumption due to change in income

Change in consumption = $7,250 - $6,500 = $750

Change in income = $11,000 - $10,000 = $1,000

MPC = Change in consumption / Change in income

MPC = 750 / 100

MPC = 0.75

6 0
3 years ago
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