The economic inefficiencies of monopolistic competition may be offset by the fact that consumers have variations of the product from which to choose from.
What is monopolistic competition?This is a type of market competition that exists given that there are a number of producers that are in competition against each other.
In this type of competition, the products that are selling are not perfect substitutes. Theyu are differentiated from each other.
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HELP!! I’m suppose to match the words to the definitions!!
How you will differentiate the company from competitors?
Your mission statement?
Suppliers your company relies on to produce its products?
The amount of funding needed to start the company?
A description of your competitors?
Your advertising plan?
The financial history of the company?
A description of the needs and desires of your potential customers?
A description of the departments in the company?
-Market Analysis
-Competitive Analysis
-Organization
-Executive Summary
-Products and Services
-Financial Analysis
-Marketing and Sales
-Funding Request
-Goals and Strategy
Explanation:
HELP!! I’m suppose to match the words to the definitions!!
How you will differentiate the company from competitors?
Your mission statement?
Suppliers your company relies on to produce its products?
The amount of funding needed to start the company?
A description of your competitors?
Your advertising plan?
The financial history of the company?
A description of the needs and desires of your potential customers?
A description of the departments in the company?
-Market Analysis
-Competitive Analysis
-Organization
-Executive Summary
-Products and Services
-Financial Analysis
-Marketing and Sales
-Funding Request
-Goals and Strategy
Due to a downturn the wage of entry level workers has declined by 10 per cent, as a
result 100 entry-level workers get jobs and around 30 senior workers (15 %) would be
laid off.
(a) (5 points) Calculate the cross elasticity of demand for senior workers? Are senior
workers and entry-level workers gross complements or gross substitutes?
(b) (7 points) Which effect dominates in our example: substitution or scale effect?
How?
(c) (6 points) How would the demand curve for senior workers change if the wage paid
to entry-level workers rises?
The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.
The scale effect dominates in this example.
If the wage of the entry level workers increase, the demand curve would shift to the right.
What is the crosss price elasticity?
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = 15% / 10 = 1.5
Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.
What is the effect on the demand curve if the wages of entry level workers increase?If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.
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If a single banks faces a required reserve ratio of 20 percent, has total reserves of $500,000, and checkable deposit liabilities of $400,000, what is the maximum amount of money this bank could create (add to the money supply)
Tthe maximum amount of money this bank could create given the checkable deposits is $2,000,000.
What is the maximum amount of money the banik can create?The maximum amount of money the bank create is a function of the reserve ratio and the checkable deposits. Reserve ratio is the percentage of deposits that must be kept as reserves.
Maximum deposit = deposits / reserve ratio
$400,000/ 0.2 = $2,000,000
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When is the advisable time to start building or adding to your own professional network?
Question 5 options:
a)
Upon graduation
b)
When you need a job
c)
Whenever you have time
d)
Right now
Answer:
A. Upon Graduation
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Taking over a project with several problems. What is the first step in tackling the problems?
Answer:
Define the problem
Get all types of answers
Implement the most appropriate method to solve the problem
What was Joy’s first invention? What did she wish her parents had done with it originally to make it successful?
The first invention that Joy had to her name was a dog collar.
Her wish was that her parents had patented the collar and gotten a lawyer to make it successful.
Who is Joy Mangano?Joy Mangano is an inventor that has many patents to her name. Her first invention was a type of dog collar which had a quick release.
For it to have been successful, she wishes that her parents her got a lawyer and patented her design so that they would have produced the collar and profited from it.
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What does it mean when earned value is above planned value?
Answer:
If the Earned Value is less than the Planned Value, you are behind schedule, and if the Earned Value is greater than the Planned Value, you are ahead of schedule. The Earned Value can be compared to the Actual Cost (AC) to determine whether you are above or below budget. An Example from Capital Project Management
Explanation:
Answer: more work has been completed than planed, and the task or project is ahead of schedule.
Explanation:
For the lower costs than planed you are ahead of schedule
Assume that as part of Hilton’s interview process, the company asks applicants how they would behave in hypothetical, hospitality-related job situations. This would be considered a ________ interview, which is ________.
The interview in Hilton's process would be considered a situational interview, which is structured.
What is a situational interview?
This is a type of interview where the people that are being interviewed are asked hypothetical questions.
The questions that they are asked is usually to get to know how they would behave in given situations.
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Which consumer protection law requires that products be free of defects when sold?
a. used car rule
b. uniform commercial code
c. bill of consumer rights
d. credit card accountability, responsibility, and disclosure act
The uniform commercial code is a law that requires that products are free of defects when they are sold.
What is the uniform commercial code?This is a term, that is used to refer to all of the commercial laws that are used to apply to the buying and the selling of goods in the US.
The law protects customers in such a way that the products are free of defects when they buy. The products can also be returned if they are not.
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The consumer protection law that requires that products be free of defects when sold is the b. uniform commercial code
What is Consumer Protection Laws?This refers to those laws put in place in order to protect the customer from unethical practices of business owners.
Hence, we can note that the uniform commercial code is the consumer protection law that requires that products be free of defects when sold so that the customers can get the maximum value for the products.
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John is a community association manager. which best describes his education
Answer:
Technician degree
Explanation:
To be a community association manager he has to have a technician degree.
why language is an important of communication tools?
Answer:
Because Language is a communication tool used by everyone in their daily life as a means to convey information and arguments to others. Explanation:
Makes Sense.
Answer:
The effective communication is made possible with the help of language. Language employs a combination of words to communicate ideas in a meaningful way. By changing the word order in a sentence, you can change its meaning, and even make it meaningless.
What makes you feel like you are getting your money’s worth?
Answer:
When I save a lot of money
Which of the following education levels offer a shop class in industrial arts?
A: High school program
B: Associate program
C: Bachelor's program
D: Doctoral program
Answer:
B. Associate program
Explanation:
Correct me if I'm wrong
Associate program offers a shop class in industrial arts. Thus, option B is correct.
What is industrial Arts?An educational program called industrial arts emphasizes the creation of wooden or metal things utilizing a variety of hand, power, and machine tools. Commonly referred to as technology education, industrial arts. Small engine repair and car maintenance are possible, and technical drawing is typically covered in all programs' curricula.
The phrase "industrial arts" was first used in education in 1904 by Charles R. Richards of Teachers College, Columbia University in New York, who proposed it as a replacement for physical labor. Industrial arts lessons, also referred to as "shop class" in the US, introduce kids to the fundamentals of house maintenance, physical labor, and machine safety. The majority of industrial arts programs were developed in general rather than specific trade schools.
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Adah works in logistics for a manufacturing firm and manages inventories. Her managers want the organization to be more lean, but Adah knows that stockouts can lead to customer dissatisfaction. Thus, determining optimal reorder points is vital. If the usage rate of her current product is ten units per day, the order lead time is five days, and the safety stock is ten, what is the reorder point
The reorder point for Adah's Logistics Company is 60 units.
What is the reorder point?The reorder point (ROP) is the specific level at which stock needs to be replenished to avoid customer dissatisfaction while achieving inventory leanness.
In other words, the reorder point is the point at which orders can be placed to replenish stock without encountering a stockout or overstocking.
The calculation of the reorder point is to multiply the average daily usage rate by the lead time in days, plus safety stock.
Data and Calculations:
Usage rate per day = 10 units
Lead time = 5 days
Safety stock = 10 units
Reorder point = 60 (10 x 5 + 10)
Thus, the reorder point for Adah's Logistics Company is 60 units.
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Accrued Revenues are a/an
a. Asset
b. Liability
c. Revenue
d. Expense
Accrued Expenses are a/an
a. Asset
b. Liability
c. Revenue
d. Expense
Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?
Consider a single period problem where the riskless interest rate is zero, and there are no taxes. A firm consists of a machine that will produce cash flows of $210 if the economy is good and $80 if the economy is bad. The good and bad states occur with equal probability and the covariance of these states with the market portfolio is zero (no systematic risk). Initially, the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. What is the share price of the firm
Assuming the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. The share price of the firm is $0.95.
Share priceFirst step is to calculate the expected payoff to equity
Expected equity=[($80 ×0.5) + ($210 × 0.5)]-$50
Expected equity=($40+$105)-$50
Expected equity = $145-$50
Expected equity=$95
Now let calculate the share price
Share price=$96/100 shares
Share price=$0.95
Inconclusion the share price of the firm is $0.95.
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How does KARLEE provide a vertically integrated range of services that support customers from initial component design to a finished, assembled product?
a. Advanced design engineering support
b. Lack of value-added assembly
c. No prototype production
d. No manufacturing
Karlee provided a vertically integrated range of services that support customers by using A. Advanced design engineering support.
What is vertical integration?It should be noted that vertical integration simply means a process that involves acquiring business operations towards identical production.
In this case, Karlee provided a vertically integrated range of services that support customers by using advanced design engineering support.
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Yessica is an exchange student from Spain. She is currently studying at a college in Maryland.
Yessica's primary language is Spanish. Yessica is most likely to experience what type of
common communication barrier?
A) Lack of honesty
B) perception
C) language
D) information medium
The communication barrier Yessica is likely to face as an exchange student from Spain is language.
What is a communication barrier?Communication barrier is a thing or a factor that stands in the way of effective communication. Yessica is from Spain and she is studying in Maryland. In Spain, Spanish is spoken and in Mayland, English is spoken, thus there is a difference in language and this would stand in the way of effective communciation.
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On December 1, a company accepted a $5,000, 4%, 90-day note. How much accrued interest will be recorded as an adjusting entry on December 31, the end of the accounting period?
a. $166.67
b. $16.67
c. $1.67
d. $0.00; interest is not accrued at year-end
What operations management function is most important to complete prior to inventory management? Part 2
Answer:
Strategy. Planning, organizing, and strategizing the daily operations and routine is the primary function of operations management. A well-planned implemented strategy can help in meeting the deadlines and production goals of an organization
Explanation:
ur welcome
How does the conceptual Framework explain the role of stewardship?
Answer:
The new Conceptual Framework emphasises that investors need information about both: • financial performance—income and expenses; and • financial position—assets, liabilities and equity. It also gives guidance on reporting financial performance.
Answer:
Providing information needed to assess management's stewardship is identified as an additional objective of financial reporting,
Explanation:
How does the Conceptual Framework explain the role of stewardship? A. Providing information needed to assess management's stewardship is identified as an additional objective of financial reporting, equal in prominence to providing financial information useful to users in making decisions relating to providing resources to the entity
i hope this helped you! good luck on your quiz or lesson!
Which type of store has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets
The type of store that has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets is known as discount stores.
What is a Discount Store?This refers to the type of store which makes a bulk purchase of items and then sells them off at a lower price than they are worth.
Hence, we can note that a discount store operates in a way that enables them to engage in efficient distribution and bulk purchasing to meet the needs of their customers.
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Agricultural managers need to possess which of the following skills?
A: The ability to start a business from scratch.
B: Understanding of the different kinds of economies in the world.
C: Vast knowledge of equipment, shipping, and storage of products.
D: A master's degree in business administration
vast knowledge of equipment, shipping,and storage of products.
Which program populates the fields that are used for a mail merge?
A) Access
B) Outlook
C) PowerPoint
D) Word
Answer: its ACCESS
Explanation: just do it
scarcity forces people to
Answer:
Because we don't have enough resources to provide all of the goods/services in the quantities that are wanted, scarcity forces us to make decisions about which goods/services we value higher.
Explanation:
Answer:
make choices
Explanation:
Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants.
match the scenario to the type of mental health issue described ?.
the scenario to the type of mental health issue described
and then you have to explain it and make sure you think of your response if you want to know your answer you gotta work hard on your research so it helps you understand
ABC has revenues of $22 million and expenses of $15 million. XYZ has revenues of $150 million and expenses of $110 million. Can you determine which company is more efficient from these income statements
Based on the data given on the revenues and expenses of both companies, the company that is more efficient is ABC.
Which company is more efficient?The company that is more efficient is the one with a higher Net profit margin.
ABC Net profit margin:
= (Revenues - Expenses) / Revenues x 100%
= (22 - 15) / 22
= 32%
XYZ Net profit margin:
= (150 - 110) / 150
= 27%
Company ABC is therefore more efficient.
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How do companies effectively go global?
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......