<span>A monopolistically competitive market could be considered inefficient because price exceeds marginal cost. A monopolistic competitive market is defined as imperfect </span>competition because there are many producers that sell products that differentiate from each other. Because these products differentiate between how they branded and their quality they are not able to be perfect substitutes for one another.
Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures regarding costs and local responsiveness. Describe entry modes they have usually used, and whether the modes are appropriate for the given strategy is described below
Explanation:
Global Strategy’ is a shortened term that covers three areas: global, multinational and international strategies. Essentially, these three areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion.
In developing ‘global strategy’, it is useful to distinguish between three forms of international expansion that arise from a company’s resources, capabilities and current international position.
Implications of the three definitions within global strategy:
International strategy: the organisation’s objectives relate primarily to the home market.
Multinational strategy: the organisation is involved in a number of markets beyond its home country. But it needs distinctive strategies for each of these markets because customer demand and, perhaps competition, are different in each country. Importantly, competitive advantage is determined separately for each country.
Global strategy: the organisation treats the world as largely one market and one source of supply with little local variation. Importantly, competitive advantage is developed largely on a global basis.
Answer:
Allowance for Bad Debts
Debit - Credit
$ 10,600 - $ 7,300
- $ 13,400
$ 10,600 - $ 20,700 = 10,100
Explanation:
Balance at the Begining
Allowance for Bad Debts $ 7,300
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Bad debt expense $ 13,400
Allowance for Bad Debts $ 13,400
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Allowance for Bad Debts $ 10,600
Accounts Receivable $ 10,600
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Balance at the End
Allowance for Bad Debts $ 10,100
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Answer:
The answer is letter C
Explanation:
The quantity of goods or services that can be produced by one hour of work
