Answer:
The decisions of one seller often influence the price of products, the output, and the profits of rival firms.
Explanation:
An oligopoly is a market structure where there are only a few sellers. Therefore, around two or more firms have control over the market. Collectively, they can influence the prices and supply.
This ultimately results in high-level competition between these sellers. Since there are a few sellers in the oligopoly structure, each of these company's profit levels not only depends on the decisions made by them but also on the decisions made by their rival firms.
Hence, option no. 3 "the decisions of one seller often influence the price of products, the output, and the profits of rival firms" is correct.
Technology innovates more and more products in this century. It makes the lives of people much easier. Therefore, they are attracted to buy such products that are directly offered by these companies who have hired technicians and scientists to innovate products. Or, another case would be that they have bought these technologies from companies that have sold it to them. Technology provides efficiency and therefore, it makes an effective solution to attract consumers, or customers in the process.
The Day's sales uncollected ratio evaluates how quickly a company can convert its accounts receivables into cash.
<h3>What does the Days Sales Uncollected ratio exactly mean and how it is calculated?</h3>
Days Sales Uncollected is the ratio, which is used by the company to measure what number of days the customer will take to pay the credit card balance.
The Days Sales Uncollected ratio may be calculated through dividing the accounts receivable by net sales and multiplies it by 365.
This ratio is used to count the number of days, the corporation will acquire to receive the cash for its sale.
Learn more about the Days Sales Uncollected Ratio here:-
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Answer:
Put extra time and resources into community and environmental projects in order to improve their public relations
Explanation:
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Answer:
b. Japanese firms will have little interest in Mr. Abercrombie’s specialty because these skills are already practiced at a high level.
Explanation:
Japanese firms already have great expertise in efficient decision making process and they developed the six sigma method used by companies like Toyota to achieve high quality product and a productive work force.
James Abercrombie specializes in training boards of directors in decision-making skills and had striking success in reducing conflict and hostility among directors and allowing boards to develop more cohesiveness.
Japan will have little need for this because they are already specialised in this field.
