Why might a purely competitive industry advertise, even if individual firms do not? Choose one
A. An industry cannot advertise because it is not an actual business.
B. An industry would never advertise in a purely competitive market.
C. An industry can advertise to promote its products without shifting the average total cost curve for individual firms.
D. The industry can selectively promote firms and force some out of business.
E. The industry hopes to boost overall demand for the substitute goods.
Answers
Answer:
B. An industry would never advertise in a purely competitive market.
Explanation:
A purely competitive market is one where the products being sold are nearly the same, that is they are standardised.
It is also called perfect competition.
Sellers are unable to differentiate their products from others. So there is no point advertising in this type of market because this only increases marginal cost of the firms.
Advertising effort for standardised products will have little effect on consumer choice.
In this type of market the price is determined by what the buyer is willing to pay.
The purely competitive industry advertise, even if individual firms do not is because of
B. An industry would never advertise in a purely competitive market.
The following information regarding the purely competitive market is:
It is the market where the products are sold are of similar nature. It increase the marginal cost. It is also known as the perfect competition. Since the products are homogeneous so advertising is not needed.Learn more: brainly.com/question/17429689
Related Questions
Tahani is explaining to her mother why transferable skills are important in career planning. What is the BEST way to explain transferable skills?
Answers
The best way to explain transferable skill is Transferable skills, or portable skills, are all the skills that you take with you from one job to another. The ability to clearly communicate ideas to others, solve unexpected problems, or work well in a team are all examples of transferable skills.
Transferable skills, also known as portable skills, are any skills that you can take from one job to another. Transferable skills include the ability to clearly communicate ideas to others, solve unexpected problems, and work well in a team.
While technical skills enable you to complete specific technical tasks, such as coding in Python or creating wireframes for UX design, transferable skills ensure that you do your job well. As a result, employers highly value transferable skills: after all, a programmer who can work well in a team is likely more valuable than a programmer who cannot code well with others.
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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1. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:
O A. Mixing
O B. Sending
O C.Packing
O D. Picking
Answers
Answer:
D. Picking.................
Distribution team members use replenishment reports to retrieve quantities of items to be sent to stores, this is called as Picking. Hence, Option D is the correct statement.
What is the picking system?Systems for picking orders from warehouses are created to improve picking operations' effectiveness, speed, and accuracy. A few of these systems can be used by businesses to improve order fulfillment processes in their distribution channels.
Hence, Distribution team members use replenishment reports to retrieve quantities of items to be sent to stores, this is called as Picking. Option D is the correct statement.
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Where do the majority of morticians in the United States work today?
A.
self-employed freelancers
B.
churches and religious institutions
C.
nursing homes and retirement communities
D.
funeral homes
Answers
The majority of morticians in the United States work in funeral homes. Therefore, option D is the correct answer.
What are funeral homes?
Funeral homes are businesses that provide funeral and burial services to families who have lost a loved one. Morticians, also known as funeral directors or undertakers, work at funeral homes and are responsible for managing and coordinating funeral services, embalming bodies, and providing support and guidance to grieving families.
While some morticians may be self-employed or work for religious institutions or nursing homes, the majority of them work in funeral homes.
It is also important to note that funeral homes may vary in size and scope, so understanding the industry as a whole can help one identify the type of funeral home they would like to work for and the potential for career advancement.
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Question 3.
The CEO of a car financing firm has budgeted for a training program for the company employees for the given budget year. He wants to know the type of training lower-level firm employees would prefer. The firm has the following number of lower-level employees in three departments as shown in the table. The CEO believes that a sample of 70 employees (equal to 20 percent of total employees) would adequately provide information on the type of training relevant to the employees.
HR department Accounting Department Marketing department: Sales representatives Total number of employees
35 15 300 350
Based on the information given in the table, briefly explain how the CEO would use stratified sampling to obtain a sample (of size n=70). Clearly indicate the strata you would use, whether proportionate or disproportionate stratified sampling is more appropriate and why
Answers
Answer:
joe
Explanation:
Shantel is trying to implement the use of data bars on a report that she created. She has selected the Conditional Formatting Rules Manager dialog box. What should she do next?
Edit a rule.
Create a rule.
Close the dialog box.
View the data bars.
Answers
Answer:
C
Explanation:
Answer:
b
Explanation:
b. Create a rule
La adaptación al cambio ha permitido.
a. Que las personas desarrollen sus habilidades blandas
b. Que la especie sobreviva y evolucione
c. Que los líderes persuadan a sus colaboradores a seguirlos
d. Que el hombre maneje sus emociones
Answers
El principal efecto de la adaptación al cambio para la humanidad es la evolución y supervivencia.
Todos lo seres vivos, incluyendo a la especie humana tienen la capacidad de adaptarse a cambios. Los tipos de cambios más comunes incluyen:
Cambios en la disponibilidad de recursosCompetencia con otras especiesCatástrofes naturalesEnfermedadesEstá capacidad de adaptación ha sido esencial durante cientos de años para la evolución y supervivencia de la humanidad. Aquí hay algunos ejemplos:
El cambio de una vida nómada a una vida sedentaria brindó a la humanidad la posibilidad de tener alimentos constantementePoblaciones que experimentaron desastres naturales pudieron sobrevivir adaptándose a nuevas condicionesLos cambios en la forma de sobrevivir ha llevado a la evolución. Por ejemplos el hombre evolucionó para saber como escribir, hacer fuego, construir casas, entre otros.Aprenda más en: https://brainly.com/question/17821033
mary a second year college student wants to earn extra pocket money.she is good with making hamburgers,so she is considering opening up a hamburger stall on weekends at the local flea market near the campus
Answers
The answer is , since we know that each hamburger costs R5 to make, and Mary would like to sell her double cheeseburgers at the same price as her major competitor, R15 each.
What to do-
In order to cover her costs, she needs to sell enough hamburgers to generate R2000 in revenue. Since each hamburger is sold for R15, this means she needs to sell 133.33 hamburgers per day:
R2000 ÷ R15/hamburger = 133.33 hamburgers/day.
It is good to note that she needs to sell more hamburgers than her competitors, to generate the same amount of money while having additional costs.
What does a company' revenue mean?Revenue for a company is its gross income before deducting any costs. Revenue is the financial benefit from sales and/or services provided and is defined by profits and total earnings.
Difference between revenue and profit?Profit refers to net income after deducting expenditures from earnings, whereas revenue refers to income produced via company activities.
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Discuss the benefits of businesses that are involved in the macro environment
Answers
Define monopoly is this correct answer
Answers
A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.
There are three different types of business ownerships: Sole Proprietorship, Partnerships and Corporations. Explain why different types of businesses exist, and why a business might choose one type of ownership over the other
Answers
Different types of businesses exist to accommodate varying needs, goals, and circumstances of entrepreneurs and business owners. The choice of business ownership is influenced by several factors, including liability, taxation, management structure, and long-term business objectives.
Sole Proprietorship:
A sole proprietorship is the simplest form of business ownership, where a single individual owns and operates the business. This type of ownership may be preferred for the following reasons:
Ease of formation: Sole proprietorships are easy and inexpensive to set up compared to other types of ownership structures.
Complete control: The owner has full control over decision-making and business operations.
Tax advantages: Sole proprietors can benefit from certain tax advantages, such as reporting business income on their personal tax return and potentially offsetting losses against other income.
Partnerships:
Partnerships involve two or more individuals who come together to carry out a business venture. Partnerships offer the following advantages:
Shared responsibility and expertise: Partners can contribute different skills, resources, and expertise to the business.
Shared risk and liability: Partnerships distribute the business's risks and liabilities among the partners, which can provide a level of protection for individual partners.
Flexibility: Partnerships can be relatively easy to establish and dissolve, providing flexibility for collaboration on specific projects or ventures.
Corporations:
Corporations are separate legal entities distinct from their owners/shareholders. They are often chosen for the following reasons:
Limited liability: Shareholders' personal assets are generally protected from the corporation's debts and liabilities, limiting personal risk.
Access to capital: Corporations can issue shares of stock to raise funds and attract investors. This makes it easier to access capital for growth and expansion.
Perpetual existence: Corporations can continue to exist even if the ownership or management changes, providing stability and continuity.
It's important to note that each business structure has its own advantages and disadvantages, and the choice depends on the specific circumstances, goals, and preferences of the business owners. Consulting with legal and financial professionals can help entrepreneurs make informed decisions about the most suitable business ownership structure for their particular situation.
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Student aid is based on either financial need or _____ need.
A. Merit-based
B. Academic
C. Social
D. Emotional
(Please help I’m confused by all the different answers people are giving and I need to turn this in soon)
Answers
In 2014, the city of Miketown collected $150,000 in taxes and spent $350,000. In 2014, the city of Miketown had a
Answers
Answer:
Budget deficit of $100,000
Explanation:
Calculation to determine how much the city of Miketown had
Budget deficit=Amount collected in taxes - Amount spent
Let plug in the formula
Budget deficit=$250,000-$350,000
Budget deficit =$100,000
Therefore in 2014 the city of Miketown had a BUDGET DEFICIT of $100,000
Explain the procedure of inducting new technology on a given business
Answers
Explanation:
The following are basic steps generally used.
1. Identify the technological needs of the business: This could involve asking key stakeholders in the business organization about problems that can be solved or reduced by a particular technology.
2. Thoroughly explain the benefits of adopting the technology: This involves telling and convincing members of the organization about the importance, benefits, and features of the new technology.
3. Incubate training program for the technology:
4. Collect feedback from the users of the technology.
Given the following data:
Selling price per unit $ 2.00
Variable production cost per unit S $ 0.30
Fixed production cost $ 6,000
Sales commission per unit $ 0.20
Fixed selling expenses $ 1,500
How much is the break-even point in dollars?
A) $6,000
B) $4,000
C) $8,000
D) $10,000
E) None of the above
Answers
Answer :
See below
Explanation:
Given the above information, break even point in dollars is calculated as seen below
Break even point in dollars = Fixed cost / Contribution margin ratio
Where
Fixed cost = $6,000
Contribution margin ratio = Contribution margin / Sales
Contribution margin ratio = ($2 - $0.3) / $2
Contribution margin ratio = 85%
Therefore,
Break even point in dollars = $6,000 / 85%
Break even point in dollars = $7,059
do Businesses operate separately from society as a whole.
Answers
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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People invest in the stock market because:
A. The time value of money states that money available now is
worth more than the same amount of money later because of
its potential to grow.
B. Investing in companies through the stock market offers a
chance to share in the profits of those companies.
C. Investing in the stock market generally offers a higher return
than interest earned on a savings account.
D. All of the above
Answers
Answer: A
Explanation:
What is the formula for wacc?
Answers
Answer:
See attached image.
Explanation:
A clothing eCommerce comapny has an Average Order Value of $65. It costs the company $35 to produce the clothes in the average order and $15 to ship it to the customer. What is the Average Order's Gross Profit? * $65 $50 $30 $15
Previous question
Answers
The average order's gross profit for the ecommerce company is $15. The Option D is correct.
What is the calculation for the gross profit?To calculate the average order's gross profit, we will subtract the total cost of producing and shipping the clothes from the revenue generated by the order.
Revenue generated by the order is $65.
The total cost of producing and shipping the clothes is:
= $35 + $15
= $50.
The gross profit of the average order is:
= $65 - $50
= $15.
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Which of the following best illustrates duress? Group of answer choices Bob was to deliver goods worth $500 to Pam on October 1, but failed to do so. Pam tells Bob that unless he pays her $600, which it cost her to obtain goods from another supplier, she will sue him in court. Diana, a real estate agent, brings her car in for repair at Eric's Auto Repair. After examining the car, Eric gives Diana a $500 estimate for the work to be done. Diana needs her car to do her job, so she reluctantly agrees to the repairs. Len has contracted to sell goods to Mel. Knowing that Mel needs the goods to be delivered on a specific date, Len threatens to withhold delivery on that date unless Mel agrees to pay a higher price. Bill persuades his elderly mother to withdraw her life savings from the bank and make an interest-free loan to him.
Answers
Answer:
Len has contracted to sell goods to Mel. Knowing that Mel needs the goods to be delivered on a specific date, Len threatens to withhold delivery on that date unless Mel agrees to pay a higher price.
Explanation:
Duress is when a person enters into an agreement due to threats
Mel had to agree to Len's terms because he threatened to withhold her goods which she needed
What stock should I buy
Answers
Like 4 avengers Endgame!!
Answers
Answer:
kkk(k(kkkkkkkkkkkkkkk
Answer:
yessssssssssss
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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Complete the table by selecting the dimension of quality that each service value addresses.
Ritz-Cariton Service Value Durability Features Conformance Perceived Quality
I build strong relationships and
create Ritz-Carton guests for life. 0 0
I am always responsive to the
expressed and unexpressed wishes
and needs of our guests. 0 0
I am empowered to create unique,
memorable, and personal experiences
for our quests. 0 0
Answers
According to the information, the relationship between the service values and the quality dimensions would be: 1. Durability, 2. Percieved quality, 3. Features.
How to match with the correct quality dimensions?To make a match between the quality dimensions and the service values, we must carefully read each of the value services and identify which dimension would best fit each one of them. According to this reflective analysis we can infer that the correct match would be the following:
1) The first service value would match durability, since this depends on customer satisfaction with their experience and how it is projected into the future (long term)
2) The second value of service would match the perceived quality because this depends on the conception and interpretation of the guests about their experience. Additionally, it is related to the expectations and evaluation parameters that guests use to rate their experience.
3) The third value of service would match with features because this is related to the recognition that the hotel has at a general level thanks to its high-quality service. Given the above, it would make sense for employees to create incredible experiences for their guests.
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All infrastructure is underground.
A. True
B. False
Answers
All infrastructure is underground. This is a false statement because infrastructure can not be underground.
What is Infrastructure?Roads, communications, transportation hubs, businesses, bridges, dams, power, medical facilities, and educational institutions make up the infrastructure.
Infrastructure is referred to as the fundamental physical framework of an organization, region, or country. It frequently pertains to the creation of public goods or industrial activities. Transportation, communication, sewage, water, and educational infrastructure are a few examples.
The two primary categories of infrastructure investments are as follows: Social infrastructure consists of institutions including hospitals, affordable housing, and schools. Infrastructure for the economy, including power, sewage, water, airports, and highways.
Therefore, The statement is false.
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the manager of a magazine wants to estimate the percent of magazine subscribers who approve of a new cover format. to gather data, the manager will select a random sample of subscribers. which of the following is the most appropriate interval for the manager to use for such an estimate?
Answers
An estimation of the population proportion for a categorical variable is performed using a zz-interval.
What is population proportion?A population proportion is a term used to describe a percentage value related to a population in statistics. Most population parameters, including the population proportion, are unknown. To ascertain the true value of a population parameter, a census can be carried out, however it is frequently impractical due to its costs and time commitment. Typically, a population proportion is calculated using an impartial sample statistic from an observational research or experiment. For instance, to estimate the proportion of persons who lack economic literacy, the Countrywide Technological Literacy Conference conducted a national poll of 2,000 adults. The percentage of 72% is based on a sampling.
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Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. They have been paying another company to manufacture the boxes for them but are interested in manufacturing the boxes themselves. They’ve developed the following cost estimates:
Sales (100,000 units) $ 1,000,000
Costs: Fixed Variable
Raw Materials $ 0 $ 300,000
Direct Labor 0 200,000
Factory Costs 100,000 150,000
Selling and Administrative
Costs 110,000 50,000
Total Costs $ 210,000 $ 700,000
Operating Income $ 90,000
1. How many units will Gay and Joy need to sell to breakeven?
Answers
If Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.
First step is to determine the selling price
Selling price = $1,000,000 / 100,000 units
Selling price = $10
Second step is to determine the Variable cost per unit
Variable cost per unit =$700,000 / 100,000 units
Variable cost per unit = $7
Third step is to calculate the Contribution margin per unit using this formula
Contribution margin per unit = Selling price - Variable cost
Let plug in the formula
Contribution margin per unit = $10 - $7
Contribution margin per unit = $3
Fourth step how many units will Gay and Joy need to sell to breakeven
Using this formula
Break even= Fixed cost / Contribution per unit
Break even = $ 210,000 / $3
Break even =70,000 units
Inconclusion if Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.
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Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Answers
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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Question 4/20
3/20 Correct
The Capability 'Leadership networking' is listed under which of the following?
Select the correct option(s) and click submit.
Innovation Function
People Function
Value Discovery Theme
Value Delivery Theme
Sukmit
Answers
Leadership networking is most likely listed under the People Function.
Leadership has to do with:
Controlling people to ensure that they work for the benefit of the company Motivating people to do their best Acting as a role model that other people can followNetworking has to do with reaching out to people and establishing valuable networks that can help you get things done.
Both leadership and networking therefore have to do with people. We can therefore conclude that leadership networking falls under the People function.
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After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used _____ financing.
Answers
Answer:
Debt financing
Explanation:
Debt financing is defined as borrowing that a company undertakes to finance it's operations by selling of debt instruments to investors.
The debt instrument attracts interest payment.
Examples of debt financing includes bank loans, loans from friends and family, and government backed loans.
In the given scenario Joseph Tantillo decided to borrow money from his parents to start a retail Web site that specializes in personalized Greek apparel. This is debt financing
In contrast equity financing involves sale of shares to obtain capital