A very small number of firms producing a homogeneous product
Explanation:
An oligopoly is a corporate structure regulated by a few firms. It has been said that a market is highly competitive as divided by a few companies. Although only a few businesses rule, other small businesses will exist on the market as well.
Another oligopoly example is automotive manufacturing;
Ford (F), GMC and Chrysler are the main car manufacturers in the United states. In spite of smaller mobile operators, Verizon (VZ), Sprint (S), AT&T (T), and T-Mobile (TMUS) continue to be the industry's leading network.
Gift of exchange for all goods and services
Answer:
Cognitive
Explanation:
Cognitive competencies a process that comprises various competencies such as creative thinking, new reasoning style, self-reflection, adaptative thinking, and others. When used as a component of competence training, the cognitive component serves as a trigger to access, open and develop employees’ new ways to think, see others and adapt themselves to new environments, in this case, the new organizational culture in the Japanese business context.
Answer:
The correct answer is option c.
Explanation:
Adam Smith and other economists advocated that in a competitive industry, the total cost is minimized through the actions of the individuals who are pursuing their self-interest. It is not intended or pre-planned.
Adam Smith believed that individuals are led by an invisible hand or market forces to maximize their own profits and lead to the overall welfare of society.
If consumers and producers are allowed to make their decisions freely, it would lead to production and price determination such that all members of the society are benefited.
<span>Ras
are simpler to complete than risk management plans, because risk
management plans are continuous processes while ras are simple
point-in-time documents that can easily be completed in a single
sitting.
False</span>