A company that sells advanced lighting systems might include a technical specialist on its sales teams: A. To provide deep knowledge about the product and how it can help customers.
When customers come to buy the lighting systems, some of them might make extensive inquiries about the lighting systems.
The lay sales representative might not have full knowledge of the questions being asked.
So, it becomes necessary to employ a technical specialist who can provide deep knowledge about the product.
Learn more about technical specialists here:
https://brainly.com/question/17169621
Answer:
A to provide deep knowledge about the product and how it can help customers
Explanation:
The mutual interdependence that characterizes oligopoly arises because: the products of various firms are homogeneous. the products of various firms are differentiated. a small number of firms produce a large proportion of industry output. the demand curves of firms are kinked at the prevailing price. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. a firm that is large will have to charge a higher price than will a small firm. entry to that industry will be easy. firms must differentiate their products to earn economic profits. Game theory can be used to demonstrate that oligopolists: rarely consider the potential reactions of rivals. experience economies of scale. that oligopolists can increase their profits through collusion. may be either homogeneous or differentiated.
Answer:
1. A small number of firms produce a large proportion of industry output.
2. A firm that is large may be able to produce at a lower unit cost than can a small firm.
3. That oligopolists can increase their profits through collusion.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
Under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.
1. The mutual interdependence that characterizes oligopoly arises because a small number of firms produce a large proportion of industry output.
2. If there are significant economies of scale in an industry, then a firm that is large may be able to produce at a lower unit cost than can a small firm.
3. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion.
The correct answers to the given statements are as follows: 1. The mutual interdependence that characterizes oligopoly arises, 2. A firm that is large may be able to produce at a lower unit cost than can a small firm, and 3. Game theory can be used to demonstrate that oligopolists may be either homogeneous or differentiated
Why are the assertions above?1. The mutual interdependence that characterizes oligopoly arises because: the demand curves of firms are kinked at the prevailing price. In an oligopoly, firms consider the potential reactions of their rivals when making decisions about pricing, production, or other strategic choices. The kinked demand curve model suggests that firms in an oligopoly face a demand curve that is elastic above the prevailing price and inelastic below it. This creates a situation where firms are interdependent, as a change in price or output by one firm can lead to reactions from other firms in the market.
2. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. Economies of scale refer to cost advantages that arise when the scale of production increases. When there are significant economies of scale, a larger firm can spread its fixed costs over a larger output, resulting in lower average costs per unit compared to a smaller firm. Therefore, a large firm may be able to produce at a lower unit cost than a small firm in such an industry.
3. Game theory can be used to demonstrate that oligopolists: may be either homogeneous or differentiated. Game theory is a mathematical framework used to analyze strategic interactions between decision-makers. In the context of oligopoly, game theory can be used to study how firms with interdependent decisions behave and make strategic choices. It can apply to both homogeneous oligopoly (where firms offer similar products) and differentiated oligopoly (where firms offer distinct products).
However, note that the statement "oligopolists can increase their profits through collusion" is missing from the given options. Collusion refers to an agreement among firms to coordinate their actions in order to maximize joint profits. While collusion is a potential strategy for oligopolistic firms to increase profits, it is not explicitly mentioned in the given choices.
learn more about oligopolists: https://brainly.com/question/13658628
#SPJ6
The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisin Bran when its price rises. b. the result that consumers will now switch to a substitute good such as Cheerios, and the demand curve for Raisin Bran shifts to the left. c. the fact that the higher price of Raisin Bran lowers consumer's purchasing power, holding money income constant. d. the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.
Answer:
the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.
Explanation:
the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.
If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.
The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.
The action of keeping financial accounts is called
PLEASE HELP
Answer:
How Accounting Works
Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.
Explanation:
EMS worker Jordan Cross worked all of last week without any respite. Yesterday, while transporting accident victims from the accident site to the hospital, he crashed the ambulance he was driving. Why did Jordan most likely crash the ambulance?
A.
old ambulance
B.
driver fatigue
C.
inadequate training
D.
congested roads
E.
overloaded ambulance
Answer:
b. driver fatigue. respite = rest and if he had no rest he was likely tired i.e. fatigued
risk committee members
Answer:
....what's the question???
What capability do smartphones have that telephones with earlier technology lacked?
wireless technology
data services
mobility
voice transmissions
Answer
data service
Explanation:
edge
Many of you have probably heard of Banana Republic retail stores and perhaps have shopped there. Many of you may not know that the store used to look much different than it does today. It used to be more like an adventure, and the merchandise assortment was more appropriate for a safari. If you've ever seen an Indiana Jones movie, you can get a pretty good idea of what Banana Republic used to look like. The stores would have a jeep in the store, camouflage netting, and music from the 1940s playing. The inside had wooden beams and maps hung on the wall that looked like treasure maps. Much of the merchandise was accompanied by a sign that had a tale of some adventure associated with it. These physical features of the retail environment are referred to as the\
Answer: Store atmosphere
Explanation:
The physical features of the retail environment are referred to as the store atmosphere.
A store atmosphere are the physical characteristics of a store which is used in the creation of an image which is used to attract customers. This is used by Banana Republic retail stores to attract customers.
USA TEST PREP HELP ILL GIVE BRAINLIEST. If both monetary policy and fiscal policy were used at the same time to contract the economy, which set correctly describes the likely result of these actions?
A) A
B)B
C)C
D)D
Answer:
I am unsure of the answer but it can be narrowed down to B D or E because the GDP would decrease.
Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $15,000; (2) up to 120 days past due, $8,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 11 percent, and (3) 20 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $750 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $700 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year.
Answer:
A1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense $1,180
Cr Allowance for doubtful accounts $1,180
B. Operating Expense
Bad debt expense $1,180
Current Assets
Accounts Receivable $24,070
Explanation:
A. Preparation of the journal entries for the two items
First step is to calculate the Allowance for doubtful account balance
Allowance for doubtful account balance = (15,000*3%+8,000*11%+3,000*20%)
Allowance for doubtful account balance =$450+$880+$600
Allowance for doubtful account balance =$1,930
Now let prepare the journal entries
1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense ($1,930-$750) $1,180
Cr Allowance for doubtful accounts $1,180
B. Calculation to Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year
INCOME STATEMENT PRESENTATION
OPERATING EXPENSE
Bad debt expense $1,180
($1,930-$750)
BALANCE SHEET PRESENTATION
CURRENT ASSETS
Account receivable $26,000
($15,000+$8,000+$3,000)
Less: Allowance for doubtful accounts ($1,930)
Accounts Receivable $24,070
Therefore the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year as :
Operating Expense:
Bad debt expense $1,180
Current Assets:
Accounts Receivable $24,070
How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value?
Answer:
hello your question is incomplete below is the complete question
An Agile Release Train (ART) has implemented a completely automated Continuous Integration/Continuous Delivery (CI/CD) pipeline that can deploy code as it is checked into the source-code repository. How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value? 1. Release Stories that have been included in the team demo 2. Review and accept Stories as they are completed 3. Identify Stories that are cleared for automatic delivery during Iteration Planning 4. Implement Feature toggles to control which Stories are released
answer : Identify Stories that are cleared for automatic delivery during Iteration Planning ( 3 )
Explanation:
The Best way a product owner( PO ) can adjust team events in order to take advantage of this capability and promote the flow of values is ; Identify Stories that are cleared for automatic delivery during Iteration Planning.
This is because this options identifies ART and its clearance.
Levels of agriculture?
Answer:
Helloooo
the steps are :-
Soil preparationmanuringirrigationweedingharvestingstoringExplanation:
thanks hope it helps
if you were running a business. what would be one fear you would have about working with a partner ?
I think it would always be the backstab fear that comes to mind first.
:)
Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like to charge a 15% markup. Show your work to calculate the Selling Price of the snack as well as the Total Profit that would be made per unit. Show your work
Answer: See explanation
Explanation:
The selling price of the snack will be the addition of the cost plus the markup. This will be:
Cost per unit = $4.50
Markup percentage= 15%
Markup = Markup percentage × Cost
= 15% × $4.50
= 0.15 × $4.50
= $0.675
Then, selling price will be:
= $4.50 + $0.675
= $5.175 per unit
Profit = Selling price - Cost price
= $5.175 - $4.50
= $0.675 per unit
The profit is the markup price.
The Love of Money is the root of all evil but if i give you money you will take it why???
Answer:
cause we need money for basic needs
such as cloths,shelter,education,medical needs e t c.
Answer:
yeah
Explanation:
yes because without money you wont be in this school and without money your teachers wont become the teachers they are now
Spotlight on India and Mexico Question Number 1) India’s rapidly expanding service sector of educated workers represents more than half of the country’s annual GDP, despite that less than one-third of the country is employed. This trend is indicative of the world economic trend that ________. a Manufacturing is increasing only in developing countries b Manufacturing is declining c production has been decoupled from employment d Communism is on the rise e Currency trading has decreased Previous Question 1 of 5 (0 completed) Next
Answer:
production has been decoupled from employment
Explanation:
We aren't informed about India’s which is rapidly expanding service sector of educated workers represents more than half of the country’s annual GDP, despite that less than one-third of the country is employed. In this case, This trend is indicative of the world economic trend that production has been decoupled from employment.
Decoupled Production can be regarded as a case whereby company/ firms brings about separation of production from ideation, employment as well as media buying. And in some cases, a chosen production house takes responsibility for production work.
Labor arbitration: a. Is promulgated by the employer to resolve statutory claims. b. Gives the employer the dominant power. c. Allows the employer to unilaterally design the procedures and determines that disputes related to employment subjects will be resolved in arbitration. d. Provided for final resolution of disputes interrupting work that contributed to the war effort. e. The decision of the arbitrator involves interpretation and application of company-developed personnel policy or a public law.
Answer:
d. Provided for final resolution of disputes interrupting work that contributed to the war effort.
Explanation:
Labor arbitration refers to a common reference of disputes between the executive management of a business firm (company) and labor unions to an impartial third party known as an arbitrator, for final resolution of the disputes or disagreements.
This ultimately implies that, labor arbitration provided for final resolution of disputes interrupting work that contributed to the war effort.
Basically, it comes as the last step for the resolution of disputes or disagreements with respect to collective-bargaining agreement, after every other measure to reach an agreement (settlement) have been exhausted
The quantity of a product demanded by consumers is a function of its price. The quantity of one product demanded may also depend on the price of other products. For example, if the only chocolate shop in town (a monopoly) sells milk and dark chocolates, the price it sets for each affects the demand of the other. The quantities demanded, and , of two products depend on their prices, and , as follows: If one manufacturer sells both products, how should the prices be set to generate the maximum possible revenue? What is that maximum possible revenue? Enter the exact answers. Enter your answer; p1 Enter your answer; p2
1
386000
7
3 Tax calculation:
9 Year (£'000s)
o Net operating cashflows
1 Capital allowances
2 Taxable profit/loss
33 Tax at 20%
34 Payable
2
3
400851 315844
4
77397
386000
77200
Year 2
400851 315844
80170 63169
Year 3 Year 4
77397
15479
Year 5
35
36 Payback period
37
38 Year
39 Cashflow
£'000 £'000
0
1
-2,345,000 386,000
£'000 £'000 £'000
2
3
4
400,851 315,844 402,397
£'000
5
0
40
41 Cumulative
Answer:
The question is not comprehensive.
Explanation:
Send the image of the question.
An amount charged for borowing money is called
Answer:
Interest- The price that people pay to borrow money.
Explanation:
When people make loan payments, interest is a part of the payment. Interest Rate- The cost of borrowing money expressed as a percentage of the amount borrowed (principal). Typically, low-risk borrowers with good credit scores pay the lowest interest rates.
Answer:
a loan ,payback ,owe you one as long as you give the exact same amount of money back for how much you boorowed
Explanation:
Cuando has realizado un gran trabajo, creado un gran producto o servicio y entregado una gran experiencia de uso, es imperativo pedir recomendaciones, pero estas deben surgir producto de los hábitos dentro de... *
La respuesta correcta para esta pregunta abierta es la siguiente.
Desafortunadamente, no incluyes alguna referencia específica para poder ayudarte a responder tu pregunta. Tampoco incluyes opciones o incisos para responder.
Sin embargo, tratando de ayudarte podemos comentar lo siguiente.
Cuando has realizado un gran trabajo, creado un gran producto o servicio y entregado una gran experiencia de uso, es imperativo pedir recomendaciones, pero estas deben surgir producto de los hábitos dentro de los sistemas y procedimientos que tenga implementado la compañía. De lo contrario, cada empleado podrá utilizar el método o la forma que él considere, lo cual no será visto de manera profesional y no causará una buena imagen de la empresa.
Además, cuando se piden recomendaciones, se debe saber cómo hacerlo, para que el cliente o el consumidor no se sienta forzado a expresar algo que no quiere.
Por esa razón, es importante que la empresa incluya este rubro como parte de sus sistemas y procedimientos establecidos en un manual de operaciones.
Identify the 5 various ways do marketers categorize service businesses and organizations?
Answer: The five basic forms of consumer market segmentation are demographic, geographic, psychographic, benefit, and volume.
Explanation:
The government tax for a sole proprietorships and a partnership is classified under
A. personal income
B. small corporations
C. tax free businesses
D. nonprofit organizations
Answer:
the answer is personal income
Answer:
A. personal income
Explanation:
got it right on edgu 2021
What should a trader do when the one-year forward price of an asset is too low? Assume that the asset provides no income. The trader should borrow the price of the asset, buy one unit of the asset and enter into a long forward contract to buy the asset in one year. The trader should borrow the price of the asset, buy one unit of the asset and enter into a short forward contract to sell the asset in one year. The trader should short the asset, invest the proceeds of the short sale at the risk-free rate, enter into a short forward contract to sell the asset in one year The trader should short the asset, invest the proceeds of the short sale at the risk-free rate, enter into a long forward contract to buy the asset in one year
Answer:
The answer is "Choice D".
Explanation:
Please find the numbering of the choices in the attached file.
In this question, when this forward price is too low in comparison to both the location cost of production, the dealer must also reduce their assets throughout the spot market and purchase it at the potential price. Its trader should reduce the asset, reinvest the owner-occupants profits on a risk-free basis, establish a long-term loan to buy the asset with one year.
Marge, a sports collector, puts an ad in her company's newsletter saying she would pay $400 for a specific Kobe Bryant rookie basketball trading card. She said she would pay the first person who accepted her offer by bringing her the card. Marge then decides she would rather buy some new shoes,and changes her mind about investing in the card. Marge posts a sign at her office's executive break room saying the offer is no longer valid. A foreman from a branch plant read the newsletter ad and drove two hours to the Chicago main office to see Marge. When he walked in her office and said "I've brought your card" she replied, "But I don't want it anymore." What result? Group of answer choices Since the contract was executory, she has no legal obligation to the foreman. Marge does not owe him any money because she had already revoked the offer. Based on promissory estoppel, Marge will have to pay the reasonable value of the card. Marge must pay him the $400 because he accepted the offer.
Answer:
Marge must pay him the $400 because he accepted the offer.
Explanation:
The correct option is - Marge must pay him the $400 because he accepted the offer.
Reason -
Since Marge first offered , so she has to give the foreman $400 because he accepted her offer of bringing the card.
Which of the following would not be provided to entrepreneurs through a business incubator?
Assistance developing a marketing plan
Assistance with meeting any regulatory hurdles
Assistance with salaries for new employees
all of the above
C. assistance with salaries for new employees
Can someone write a song for me please I want to make the name called by my side please write something
Answer:
I don't know much abt songs. but I hope u get it.
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
In which situation would you need to compromise to avoid stress and conflict?
A. when forcing others to see things your way
B. when delegating work
C. when using the I-statement
D. when dealing with changes in the organization
Answer:
i think the answer is D
Explanation:
im so sorry if im wrong
_____________’s mastery of elemental form can be seen in the iconic and widely imitated trademarks produced by his firm. He believed a trademark must be readily understood yet possess elements of metaphor and ambiguity that will attract the viewer again and again. Many of his trademarks became important cultural icons. Within two years after he redesigned the Bell Telephone System bell trademark, public recognition of the symbol rose from 71 to more than 90 percent. After the AT&T long-distance telephone network was split from the local Bell system telephone companies in 1984, he designed a new mark to reposition the firm as "a global communications company" rather than "the national telephone system." This concept was expressed through a computer graphics animation with information bits circling a globe, which became the identification tag for AT&T television commercials.
Answer:
Saul Bass
Explanation:
Saul Bass was a famous American Oscar-winning filmmaker and graphic designer, popularly known for his works in the design of corporate logos, movie posters and motion-picture title sequences. He was born on the 8th of May, 1920 in New York, United States of America and he died on the 25th of April, 1996 in California, USA.
Saul Bass's mastery of elemental form can be seen in the iconic and widely imitated trademarks produced by his firm. He believed a trademark must be readily understood yet possess elements of metaphor and ambiguity that will attract the viewer again and again. Many of his trademarks became important cultural icons. Within two years after he redesigned the Bell Telephone System bell trademark, public recognition of the symbol rose from 71 to more than 90 percent. After the AT&T long-distance telephone network was split from the local Bell system telephone companies in 1984, he designed a new mark to reposition the firm as "a global communications company" rather than "the national telephone system." This concept was expressed through a computer graphics animation with information bits circling a globe, which became the identification tag for AT&T television commercials.
What traits or characteristics made Tyler Perry, Steve Jobs and Jeff Bezos successful.
Can someone help me with that please is important.