Firms in a monopolistically competitive market may be able to charge slightly different prices while prices will be identical in a perfectly competitive market because the former has many small buyers and many sellers, has no barriers, and has differentiated products while the latter has restrictions on exit and the demand-supply outputs and inputs are perfectly elastic.
A market that is monopolistically competitive combines the characteristics of monopolies and perfectly competitive markets, however monopolistic enterprises are nevertheless allowed to set their own prices because they create differentiated products from their competitors.
In monopolistic competition, businesses can charge whatever the public is willing to pay for their products, and they also want as many customers as possible to perceive that their products and services are superior to those of competing firms.
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______ are important because they provide utilities to consumers and have a significant positive impact on the economy.
Retailers are important because they provide utilities to consumers and have a significant positive impact on the economy.
The economic utility of a decent service is vital to know. As a result, it directly influences the demand, and thus worth, of that smart or service.
Consumerism is the concept that increasing the consumption of products and services purchased within the market is often a fascinating goal.
They provide prices within the type of client utilities. They need a positive impact on the economy. For suppliers, the foremost valuable edges provided by retailers are the opportunities they provide for reaching the supplier's target market and building products.
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when a large organization has departments based on areas of production, what type of departmentalization is being utilized?
Product departmentalization is being utilized. Product departmentalization is an organisational technique in which personnel are divided into teams to work on all areas of a specific project or product line.
Every product line has its own department or team, with people specialising in various elements of product development and distribution. LA Gear is a corporation that employs product departmentalization. Its structure is built on its diverse product lines, which include women's footwear, among other things. Customer departmentalization is the grouping of activities based on common customers or customer kinds. Product departmentalization distinguishes employees based on the organization's products or services.
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what type of employee badge does not have to be swiped by a card reader in order to allow the employee through a door?
RFID badge is a type of employee badge does not have to be swiped by a card reader in order to allow the employee through a door.
Dialoc ID RFID staff stations are useful electronic tools for library employees to convert, check-out, return, or renew library goods.
A RFID (Radio-Frequency Identification) key fob is a single component of an RFID system that consists of two components: a microchip for data storage and an antenna for receiving and transmitting data. ISO Cards of LF 125 KHz, often called as employee badges or hotel room cards, are widely used for access control and security purposes.
This is communicated to the program, which stores it. These technologies are also used to track inventories in retail environments. RFID tags are now embedded in ID cards, key fobs, and other timekeeping devices.
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the three additional ps of services marketing that extend the original four ps of marketing are: process, people, and prosperity?
The three additional PS of services marketing that extend the original four ps of marketing are: process, people, and physical services.
Product, pricing, promotion, and place are a few crucial elements to take into account when creating a marketing plan, and the four Ps are a marketing industry standard. What you're selling, how much you're charging, how you're going to advertise it, and where you're going to sell it.
Although these four Ps are significant, this essay is not about them. Instead, we'll discuss the three frequently overlooked Ps of marketing—people, process, and physical environment—which are particularly relevant to service organizations.
You can make business decisions that will define your marketing strategy and operations with the aid of the marketing mix pillars. Finding these pillars reveals what you require, your company's strengths, and areas for development.
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what is the present value of 2900 to be recived at the beginning of each of 30 periods, discounted at 5% compunded interest
The present value of 30 periods will be $12,533,800.
Present value (PV) can be described as the future value of a future sum of money or stream of cash flows given a specified rate of return. Present value takes the future value and applies the discount rate or interest rate that can be obtained if invested.
To know how much interest over a period of time is by the equation below:
PV = Fv/ (1+r)ⁿ
Based on the scenario, we know that
Fv = face value = $2,900
r = rate of return = 5% = 0.05
n = number of time = 30
PV = Fv x (1+r)ⁿ
PV = $2,900 x (1+0.05)³⁰
PV = $2,900 x 4,322
PV = $12,533,800
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At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of ____, which ____ producer surplus.
At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of imperfect price discrimination, which increases producer surplus.
In a business, price discrimination occurs when the producer of a product decides to set his own value or price for the product as a strategy to improve output from the product.
The producer surplus can be described as the revenue that is generated by a producer after selling his product.
Imperfect price discrimination can occur if a producer decides to lower the price of a product, as the toothpaste above, on the condition that a set quantity of the product is bought by the customer. As more product will be sold by this imperfect price discrimination, the producer surplus will increase.
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the transaction used to record the receipt of cash from customers for services to be performed later would include
The transaction used to record the receipt of cash from customers for services to be performed later would include is a debit to cash and a credit to fees income.
A company's finances remain balanced thanks to debits and credits. Every transaction involving them is recorded in pairs, thus a debit to one financial account necessitates a credit to another one or a sum of credits to all other financial accounts, depending on their worth.
The foundation of double-entry accounting is this procedure. Accounts "roll up" into specific lines on a company's balance sheet or income statement, both of which depict a company's financial health, value, and profitability. This makes accuracy essential. They also assist internal and external decision-makers, including as management of the company, lenders, investors, and tax authorities.
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nit variable costs may be affected by all of the following except changes in the a.level of activity. b.cost per unit of direct materials. c.sales commission paid to salespeople. d.wage rate of direct labor.
Unit variable costs may be affected by level of activity
Unless there is a cost rise, unit variable costs remain constant at the per-unit level. The cost of a unit is unaffected by activity level. Say, for instance, that a salesman's compensation is $5 per unit. If sales increase, the cost of the sales commission will increase overall while being constant at the unit level. In a similar vein, even if sales drop, commission will still remain $5 per unit. Variable costs for each unit may change due to changes in material costs, direct labor rates, and sales commission. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs.
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a house contains 1,816 square feet. it was constructed in 2000 at cost of $74.24 per sf. the cost index at that time was 112.7. the current cost index is 164.2. what is the estimated cost to build the house today?
The following equation can be used to calculate value using the cost technique. Land value plus property value (Cost New - Accumulated Depreciation).
The approach that appraisers use most frequently to calculate the cost of replication is the square footage method. Cost Approach: This method calculates the value of real estate by subtracting the depreciation from the cost of building a new structure on the property and adding site value. Market value might not match value determined. The most popular and straightforward depreciation approach is this one. Equipment that depreciates steadily over time is what it is most commonly used for. According to generally recognized accounting standards, the straight-line technique is the simplest and most often used methodology to compute depreciation.
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11. a bond fund had the following yearly returns: year 1 year 2 year 3 year 4 year 5 14% 7% -3% 18% 9% what is the standard deviation of the returns?
A measure of volatility or risk is the standard deviation of returns. You might anticipate more variability in returns the higher the return standard deviation. The returns' standard deviation is 7.968.
What does risk and return standard deviation mean?The dispersion of asset prices from their average price, or market volatility, can be calculated with the use of standard deviation. A large standard deviation indicates a dangerous investment when prices move erratically. Low standard deviation indicates stable prices, which lowers the risk associated with investments.
How is the standard rate of return determined?The initial investment value is subtracted from the investment's current value, and the result is divided by the original investment value to determine a simple rate of return. The result is multiplied by 100 to be reported as a percentage.
In the given question, we use formula of standard deviation,
standard deviation= √[tex](\frac{(R-A)^{2} }{N-1})[/tex]
W= returns
A= Average return
Average return= 45/5= 9
Return (R-A) [tex](R-A)^{2}[/tex]
14% 5 25
7% -2 4
-3% -12 144
18% 9 81
9% 0 0
45 254 total
Standard Deviation= √[tex]{\frac{(R-A)^{2} }{N-1} }[/tex]
= [tex]\sqrt{\frac{254}{4} }[/tex]
= 7.968
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alain is a sales representative for an established awnings manufacturer. business is good, but he is concerned that the company has spent little on new product development and has not created a new product in over five years. without new products, alain can market his current products only to his current customers or market the same products to similar customers. diversify. focus on concept testing. intensify his prototyping. expand his early adopter market segment.
Alain will market the same products to similar customers.
From the given information we know that the only choice that Alain has in the given case is to market the same product to similar customers. Alain doesn't have the power, knowledge, and capacity to diversify and prototyping. And also considering the fact that if there is no new product in the market there will be quite less chance that one can target a new market segment, and we know from the fact sales and marketing are the pillars of any business. Thus, we can conclude that the correct option is the last statement.
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why do you think that air carriers are so mutually dependent? how have pricing practices changed since the prederegulation days? what was the major form of competition in the prederegulation era? discuss some of the causes of the price wars in the 1980s. do you foresee prices stabilizing in the next several years? why is there a tendency in oligopolistic industries toward price rigidity and nonprice competition?
Mutually dependent in pricing has created an atmosphere of predatory pricing and price competition that has dramatically reduced net profits.
Airline competition is interdependent in terms of services, pricing, routes, etc. - Pricing interdependence has led to a predatory pricing and price-competitive environment, resulting in a dramatic drop in net income. - Today, over 90% of passengers pay on average only about 30% of the full fare.
All airlines on the market plan departure time schedules and offer different fares. The basics of competition between airlines are: Customers choose by price and time, and those who see both airlines as equal choose by a secondary character called quality.
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fragmental company leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $1,000. fragmental collected the entire $8,000 cash on october 1 and recorded it as unearned revenue. assuming adjusting entries are only made at year-end, the adjusting entry made by fragmental company on december 31 would be:
Accounting requires the recognition of adjusting entries to conclude the company's accounting cycle. It ensures that the financial statements' balances are accurate to a reasonable degree.
On October 1, Fragmental Co. must record the $8,800 cash receipt in its book of accounts. Cash $8,800
Which of the four adjustments are they?Four Methods for Changing Journal Entries
Accrued Costs Revenues accruedexpense deferredRevenues on hold.What are examples of adjusting entries?Adjusting entries bring previous journal entries up to date, allowing revenue and expenses to be recognized when they occur. Let's say, for instance, that you bill a customer in December for $1000 in service. After the previous accounting period has ended, they then pay you in January or February.
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true or false: the principles of management are similar for a small neighborhood business and a giant global firm.
It is true that the principles of management are similar for a small neighborhood business and a giant global firm.
Any company that wants to be effective and accomplish its goals needs management. Without a leader, the organization would be in a state of chaos, with little structure and little to no concentration.
The four fundamental tasks of management are stated to be planning, organizing, leading, and controlling. Without these management principles in place, it stands to reason that a company would struggle to accomplish its goals—or even to come up with goals at all! Henri Fayol wrote a famous theory on the fundamentals of management. By using 14 concepts, it attempts to categorize management. We'll look at these fundamental management ideas and describe them using simple language.
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uspap standards require that, when using the sales comparison approach, appraisers use how many comparables?
When using the sales comparison approach, USPAP has no requirement regarding the number of comparable sales.
What exactly is a comparable sales approach?
The comparable sales or market approach is a real estate appraisal technique that is frequently used to determine the value of the real estate in an eminent domain proceeding. The value of a property is determined by comparing it to other properties with similar features that have recently sold.
In the sales comparison approach, a minimum of three closed comparables must be reported. Additional similar sales may be reported to promote the appraiser's opinion of market value.
Therefore, If the subject property was previously closed, it can be used as a fourth comparable sale or as supporting data.
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governments often promote exports by helping companies finance their export activities. which u.s. financing entity finances the export activities of companies in the united states and offers insurance on foreign accounts receivable?
Export–Import Bank of the United States is the financing entity finances the export activities of companies in the United States and offers insurance on foreign accounts receivable.
The Export Import Bank of the United States (EXIM) is the official export credit agency of the United States federal government. EXIM is an independent, self-sustaining executive branch agency with a mission of supporting American jobs by facilitating the financing of U.S. exports.
These products include short-term working capital guarantees, export-credit insurance, and direct loans. Over the past 85 years, EXIM has supported more than $600 billion of U.S. exports.
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A sales representative sells products from two competing companies without disclosing to either company. Which agent duty owed to a principal applies to this situation?.
By selling products from two competing companies without disclosing to either company, the principal duty that is applied to this situation is conflict of Interest.
In the field of business, a conflict of interest can be described as a situation where the employee chooses a personal gain over his responsibilities as a worker of a company. He might produce a negative impact for the company while gaining for something personal.
In the scenario above, by working for two rival companies at the same time, the sales representative is choosing a personal gain over his responsibility as an employee to both the companies.
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She calls and asks for your advice on both an auto loan and a credit card. * 10 point
Based on what your cousin wants to accomplish financially and her current financial obligations, would you advise her to apply for both types of credit? Why or why not? Complete responses should consider:At least 2 specific pieces of advice related to each type of credit: credit cards and auto loans. The advice should consider whether the type of credit is appropriate for a young adult like her. What trade-offs will your cousin have to make based on the advice you are giving her?
I would advice my cousin to not get a credit card as she is a young adult and should not rely immediately on credit as these are associated with a lot of terms and conditions and also dependency on credit card may lead to a negative aspect in the early stages of career.
Also i would advice my cousin to get a auto loan on the condition that he is currently financially sound enough to afford the down payments associated with the auto loan and the installments should not be more than 10% of his current salary
What is a Auto loan?
Automobiles themselves are used as collateral for secured loans like auto loans. Lenders provide it for commercial vehicles, new automobiles, used cars, two wheelers (usually referred to as a two-wheeler loan), and new and used cars (generally called a Commercial Vehicle Loan).
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which option would normally involve long-term financing? multiple choice purchase of modern equipment expansion current inventory unanticipated emergencies workers' salaries
The situation that would involve long term financing would be purchasing the production equipment's.
What is Long-Term Financing?
Long-term financing refers to borrowing money or taking out a loan for a period longer than a year through the sale of equity shares, another type of debt financing, long-term loans, leases, or bonds. Large projects, funding, and business expansion are the typical uses. Such long-term financing typically comes with a large amount.
Finance strategic capital projects for the company or increase business operations is the essential concept of long-term finance. These funds are typically invested in initiatives that will benefit the business in the long run.
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What type of market competition is described in the following passage?
Local power plants are typically the sole providers of electricity in their communities, and thus have significant control over output and prices. This market structure is an example of a(n) ______
Since they are frequently the only sources of electricity in their localities, local power plants have a large amount of control over output and costs. This type of market arrangement is a monopoly.
What is Monopoly?
A scenario known as a monopoly occurs when one company or individual controls the supply of a good or service. A mopolisitic market structure results from the circumstances.
As the name suggests, a monopolistic market is one where one corporation dominates the whole industry. In other words, there is simply one business that caters to the general population.
Due to the company's status as the sole provider, it is able to increase prices, limit output, and make above-average profits.
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decentralized decision making occurs when an organization has a highly structured hierarchy in which decisions are made by a few senior leaders. group of answer choices true false
The answer is true. In business, leadership is defined as a company's management's ability to set and achieve the hard goals, take quick and decisive action when necessary, exceed the competition, and motivate others to the perform at their best.
Effective the company leadership can strengthen and the promote teamwork, foster a sense of larger good, motivate and inspire trust, or provide purpose and direction. One of the benefits of leadership is that if leaders can efficiently assign duties, they can assist enhance worker decisive productivity. Good managers can identify the strengths and limitations of various people and assign tasks accordingly.
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in conveying property, jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property. what type of deed should jayson file?
In conveying the property, Jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property. The type of deed that Jayson should file is a A quitclaim deed.
What is quitclaim deed.?Generally, A quitclaim is, in most cases, the official abandonment of a legal claim against another person or of a title to land. A quitclaim may also refer to the resignation of a right to land.
A person is said to have "quitclaimed" a legal claim when they "renounce" that claim, "relinquish" that claim, or "transfer" a legal interest in property.
The present owner's complete interest in the property, including any warranties or covenants attached to the title, may be transferred using a Tennessee quitclaim deed form. The present owner (the grantor) is responsible for transferring any ownership interests that are permissible under the law to the future owner (the grantee).
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at the end of its 2021 fiscal year, a triggering event caused janero corporation to perform an impairment test for one of its manufacturing facilities. the following information is available: book value $ 65 million estimated undiscounted future cash flows 60 million fair value 50 million the manufacturing facility is:
The manufacturing facility is impaired when the book value exceeds the total of estimated undiscounted future cash flows.
The manufacturing facility has an impairment loss of 15 million dollars because its book value exceeds undiscounted future cash flows.
When fair value exceeds book value, what happens?An asset's value is "impaired" if its book value is higher than its fair value. Additionally, you are required to include the impairment loss in your income from continuing operations. The impaired asset's carrying value on your balance sheet is also affected by impairment losses.
How is an asset's impairment determined?Resources are viewed as weakened when the book worth, or net conveying esteem, surpasses expected future incomes. The impairment must be reflected in the financial statements if it is permanent.
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if a company plans to sell 48,000 units of product but sells 60,000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on
The cost data associated with the sales will be by a budget based on 60,000 units of activity.
What is a Budget?Budgets are used by governments, businesses, and individuals to estimate revenue and expenses over a specified period of time. Any financial endeavor is greatly enhanced by having a budget for a defined period, usually a year. In order for a company to operate efficiently, it needs a budget.
A budget can help set goals, measure outcomes, and plan for contingencies in addition to earmarking resources. Individuals and families can benefit greatly from personal budgets in managing their finances both short and long term.
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from an operational perspective, yield management is least effective under which of the following circumstances? multiple choice demand is highly variable. demand can be segmented by customer. the product can be kept to be sold when demand is stronger. fixed costs are high, and variable costs are low. the product can be sold in advance.
The answer is the product can be kept to be sold when demand is stronger.
The situations of a particular state of affairs are the conditions that have an effect on what takes place.
A condition is a situation in which something happens. Say you had been at a commercial enterprise luncheon and also you were by accident fed psychedelic mushrooms on your ravioli, your boss may excuse the bizarre belongings you said, given the situation. circumstance comes from the Latin that means the conditions around something.
A scenario is a set of occasions in which one finds oneself. And a condition is a truth or circumstance linked with or relevant to an event or motion. To it seems that placed it, a scenario is an element it is occurring and the condition is the situation of that element.
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indicate(s) a metric that indicates whether a web site is achieving its goals. these help an organization define and measure progress toward organizational goals. a. web traffic b. online reputation c. social capital d. kpi (key performance indicator) e. brand personality
Indicate KPI (key performance indicator) a metric that indicates whether a web site is achieving its goals. these help an organization define and measure progress toward organizational goals.
Key performance indicators (KPIs) are targets that help you track your progress toward your most strategic goals. While organizations might have a web site of indicators, KPIs are targets that are "critical" to your company's performance. Key performance indicators, or KPIs, should be linked to a specified business outcome and a performance metric. Consider the following example of how to create a KPI: Your company's goal is to increase monthly recurring income, so your team establishes a sales growth KPI.
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goals and objectives are an essential part of planning in that they allow an organization to do what four key activities?
The four key activities of organization planning are
1) Setting up the company-wide goals derived from corporate strategy.
2) Determining the team and department-level goals.
3) Collaboratively setting up the individual-level goals that are aligned with corporate strategy.
4) Developing the action plan.
Organization planning:
Organizational planning defines how business owners organize the day-to-day operations of a business.
Given,
Here we need to find the goals and objectives are an essential part of planning in that they allow an organization to do in the organization key activities.
According to the organization planning, the list of four important key activities in planning are listed as follows:
1) Provide guidance and direction;
2) Facilitate planning, motivate and inspire employees;
3) Help organizations evaluate and control performance.
4) Create the action plan.
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adam miller is a general partner in a venture capital firm that just funded gold coast software, a software firm in santa barbara, california. gold coast software is incorporated, and adam has taken a seat on the firm's board of directors. in board of directors terminology, keith is a(n) director.
adam miller is a general partner in a venture capital firm that just funded gold coast software, a software firm in santa barbara, california. gold coast software is incorporated, and adam has taken a seat on the firm's board of directors. in board of directors terminology, keith is a(n) outside director.
a person who works for oneself, manages their own time and resources, uses their own tools and equipment, and provides services to a variety of clientele.
One of the most reliable indicators of future entrepreneurial achievement is prior entrepreneurial experience. The complexity of starting a new business makes it advantageous for entrepreneurs to have past start-up expertise.
You will increase your employability by developing and using your critical thinking, teamwork, professionalism, work ethic, oral and written communication, and leadership abilities.
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sufra corporation is planning to sell 130,000 units for $3.40 per unit and will break even at this level of sales. fixed expenses will be $117,000. what are the company's variable expenses per unit?
The quantity of labor, supplies, and other resources needed to make your product is the variable cost per unit.
What is a variable cost?The total amount of labor and resources needed to make one unit of your product is what you call your variable costs. The variable cost per unit multiplied by the quantity of units generated gives you the total variable cost. Your total variable cost divided by the quantity of units produced gives you your average variable cost.To calculate variable costs, multiply what it costs to make one unit of your product by the total number of products you’ve created. This formula appears as follows:Total Variable Costs = Cost Per Unit x Total Number of Units.
3.40 * 130000= 442000.
For example, if it costs $3.40 to make one unit of your product and you’ve made 130000 units, your total variable cost is $3.40 x 130000 or $442000.To Learn more About variable cost refer to :
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well-designed stock option-based compensation plans should have the option strike prices substantially lower than the current stock prices. a. true b. false
Well-designed stock option-based compensation plans should have the option strike prices substantially lower than the current stock prices.
FALSE
Inventory includes the shares of which possession of an organization or organization is split. A single share of the stock means fractional possession of the organisation in share to the overall number of shares
Stock are an funding meaning you very own a proportion within the enterprise that issued the stock. honestly put, stocks are a manner to construct wealth. that is how normal human beings invest in a number of the maximum a success companies within the international. For groups, shares are a way to elevate money to fund growth, products and different initiatives.
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