It is an advantage when group incentives encourage competition between groups of employees when groups try to outdo one another in satisfying customers.
Competition is uncertainty about how to ensure survival. Competition can occur between entities such as organisms, individuals, and economic and social groups. Rivalry is about achieving unique goals such as visibility, leadership, market share, niche, scarce resources, or territory.
Competition, most commonly viewed as the interaction of individuals competing for a finite common resource, is the direct or indirect interaction of organisms that results in changes in fitness when they share the same resource. can be defined more broadly as a dynamic interaction.
There are four kinds of competition in a loose marketplace machine: perfect opposition, monopolistic competition, oligopoly, and monopoly.
The four key characteristics of perfect competition are: (1) a huge wide variety of small companies, (2) equal merchandise offered by all firms, (three) perfect resource mobility or the liberty of entry into and go out out of the enterprise, and (4) perfect information of costs and generation.
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Answer:
A $660,030
Explanation:
Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit
Therefore,
Total cost of units completed and transferred out = 117,000
Income Total $320,000 whilst variable expenses overall $2 hundred,000 and glued prices general $60,000. the sales volume is 5,000 gadgets. the breakeven point in income bucks is Sale 200000$
working
sale=400000$
VC= 300000$
Contribution=one hundred thousand/0.25
Contribution % to sales is 25%
BEP= Contribution = FC
FC=50000
Contribution % to sales is 25%
assume Sale is = X$ then
BEP= Contribution = FC
BEP= 25% of X$ = 50000$
X = 50000$/25%
X = 200000
The breakeven point is the point at which overall value and general sales are the same, meaning there's no loss or benefit to your small enterprise. In other words, you have reached the extent of production at which the charges of production equal the sales for a product.
The breakeven point in economics, business—and mainly price accounting—is the factor at which overall cost and overall revenue are the same, i.e. "even". there's no net loss or gain, and one has "broken even", even though possibility expenses have been paid and capital has received the risk-adjusted, expected return. This discernment is crucial as it's the most effective manner for an enterprise to decide if what it costs for its products and services will cover what it charges to make the products or provide the one's offerings.
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Suppose you want to quickly perform a customer marketing survey, while allowing some measure of anonymity and keeping costs as low as possible. D. Telephone of survey would be a good choice for this purpose
It'll help you set your priorities, and your main focus on what you'll be doing or where you'll be going in the near future.
