The firms always match other cartel firms' price cuts but don't match price increases.
Why Do Oligopolies Exist?A market structure known as an oligopoly consists of a limited number of businesses, none of which can prevent the others from exerting significant influence. The concentration ratio calculates the largest companies' percentage of the market.
A market with a monopoly has just one producer; one with a duopoly, two; and one with an oligopoly, three or more. An oligopoly can have as many firms as it wants, but the number must be so low that each firm's decisions have a big impact on the others.
Why Do Oligopolies Remain Stable?
The reason that such a group is stable is an intriguing question. Businesses must recognize the advantages of cooperation over economic competition in order to decide to forego competitiveness and instead focus on the advantages of cooperation.
The companies have occasionally come up with inventive strategies to prevent the appearance of price fixing, such as utilizing moon phases. Setting prices rather than allowing the free market to decide them is known as price-fixing. Another strategy is having companies follow a known pricing leader; when the leader raises prices, the others will do the same.
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Companies often choose to build plants compliant with stricter environmental standards when they locate in low-income countries with lax environmental standards. This is because?
Companies will often choose to build plants compliant with stricter environmental standards because designing an industrial plant is a complex and costly task and so, if a plant works well in a high-income country, companies prefer to use the same design everywhere.
What is a stricter environmental standards?This refers to the strict administrative regulations or civil law rules that are implemented for the treatment and maintenance of the environment in a country, state, region etc.
Most time, majority of companies will choose to build plants compliant with stricter environmental standards when they locate in low-income countries with lax environmental standard because the process of designing an industrial plant is a complex and costly task and so, if a plant works well in a high-income country, companies prefer to use the same design everywhere.
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Companies often choose to build plants compliant with stricter environmental standards when they locate in low-income countries with lax environmental standards. This is because designing an industrial plant is a complex and costly task, and so if a plant works well in a high-income country, companies prefer to use the same design everywhere
This is further explained below.
What are environmental standards?Generally, The government is often the one that establishes environmental standards, and these standards might include the restriction of certain activities, the mandating of the frequency and means of monitoring, and the need for licenses for the use of land or water. Different types of environmental activities are subject to different sets of standards.
In conclusion, When relocating their operations to lower-income nations with more lenient environmental regulations, businesses often choose to construct factories that are compatible with stronger environmental requirements. This is due to the fact that the process of building an industrial plant is tough and costly. As a result, when a plant has proved that it is successful in a country that has a high quality of living, corporations often prefer to apply that plant's original design in other countries.
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_____ is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them.
Finance is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them.
The finance function involves planning, obtaining, and managing a company’s fund. In a company, finance managers play an important role, as they plan for both short-term and long-term financial capital needs and analyze the impact that borrowing will have on the financial well-being of the business.
The main purpose of the finance function is to provide the financial information that other business functions require to operate effectively and efficiently, and to support business planning and decision-making.
Hence, finance is the functional area of business.
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Monopoly (mp) and perfect competition (pc) are the two completely opposite market structures. the market structures that fall between these two extremes are generally called:________
Monopoly (mp) and perfect competition (pc) are the two completely opposite market structures. the market structures that fall between these two extremes are generally called imperfectly competitive markets.
Imperfect competition is a competitive market state of affairs where there are many dealers, however they may be selling heterogeneous (diverse) items instead of the correct aggressive marketplace state of affairs. as the name indicates, competitive markets are imperfect in nature.
Imperfect opposition regularly exists because of extremely excessive obstacles to entry for new suppliers. As an example, the airline industry has high barriers to entry due to the extraordinarily high cost of aircraft.
Imperfect markets are characterized by means of having competition for marketplace share, excessive boundaries to access and go out, exceptional products and services, and a small wide variety of customers and sellers. best markets are theoretical and can't exist inside the actual international; all real-world markets are imperfect markets.
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What do you understand by forester?
Why do you think sra has chosen to focus its efforts on federal government departments and agencies within the national security market?
SRA focuses its efforts on federal government departments and agencies within national security market because it is important and mandatory for these.
What does the SRA stand for?
State Regulatory Authority (various locations) SRA. Senior Research Associate. SRA. Supplemental Retirement Annuity.
What are SRA experiments?
Each SRA EXPERIMENT (SRA accession SRX# ) is a unique sequencing result for a specific sample.
Six sequencing libraries were prepared from a single biological sample.
Three were single-end libraries, and three paired-end, although the paired-end libraries were sequenced using both paired and unidirectional sequencing.
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What are some examples of indirect financial distress costs?
a) legal expenses
b) lost dividends
c) lost reputation
d) lost sales
Legal expenses are some examples of indirect financial distress costs.
Legal Protection Insurance (LPI), also known as Legal Protection Insurance (LEI) or simply Legal Protection, promotes access to law and justice by providing legal advice and paying legal costs for legal disputes. A special class of insurance that Any action by or against the policyholder will be filed. Depending on national regulations, legal protection insurance companies can also represent policyholders out of court or in court.
Statutory insurance with a history of 100 years. The concept originated in 1911 when members of the "Western Automobile Club" were offered various additional benefits. This includes fines and protection in the event of a dispute in police court. This basic legal protection was extended to traffic accidents, leading to France's first legal protection insurance offered by "La Défense Automobile et Sportive" (DAS), founded in 1917. "La Défense Automobile et Sportive (DAS)" provided motorists and athletes with legal advice and reimbursement of legal costs.
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The cost of quality involves the cost of:________
a. warranties.
b. rework.
c. scrap.
d. supplies.
The cost of quality involves the cost of all the four warranties. rework. scrap and supplies.
The costs of quality of a firm is usually categorized into four types, which includes prevention costs, appraisal costs, internal failure costs, and external failure costs.
The rework costs and scrap costs are involved in the internal failure costs as they are given birth due to internal operations failure.
On the other hand, warranties costs are involved under external failure costs.
Inspection costs are covered under the appraisal costs.
Cost of quality (COQ) is defined as the methodology which allows the organization to determine to which extent resources of the organization are used for activities that prevent poor quality.
It appraises the quality of the organization’s products or services, and which resulted from internal and external failures.
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A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this firm is called:________
A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this firm is called a make order firm.
A firm is a for-profit business, generally formed as a partnership that provides professional services, along with criminal or accounting offerings. The theory of the firm posits that firms exist to maximize profits. The term firm is synonymous with enterprise or organization. firms can operate beneath several distinct structures, including sole proprietorships and corporations.
In income, commerce, and economics, a customer is a recipient of a good, service, product, or idea - obtained from a seller, vendor, or supplier via a monetary transaction or change for money or some other valuable consideration.
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As a group, oligopolists would always be better off if they would act collectively.
As a group oligopolists would always be better off if they would act collectively as a single monopolist.
Why do oligopolists act together?
By acting together oligopolistic firms can hold down industry output, charge a higher price, and divide up the profit among themselves.When firms ac t together in this way to reduce output and keep prices high, it is called collusion.What are the advantages of oligopoly?
An oligopoly can adopt a competitive strategy.The extra profits earned from an oligopoly can go into research and development.It can bring price stability to the market.Oligopolies can offer more information to their consumers.Learn more about oligopoly here:
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No entries shall be allowed for district meets which are not submitted to the director on or before the ____ day before the first day of the meet.
No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
What is the role of a director?An organization's directors play a crucial role in governance on behalf of its shareholders or members.The legal obligations that each Director must uphold during their tenure are outlined in various pieces of legislation. However, Directors are also held personally responsible for exceeding 700 more laws and legal standards.Each director must acknowledge and support the following standards of conduct:To accept personal accountability for contributing objectively and without regard to one's own interests to the Board's choices.To proactively seek out sufficient knowledge about the organization's operations.To constructively contribute to the formulation of pertinent organizational policies.To give the organization's long-term strategies solid support.In order to encourage good governance and guarantee that each director acts in the interests of the company's stakeholders, the legally based director duties were created.
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Which feature should not be included in functional strategies to improve differentiation?
The feature that need to be included in functional strategies to improve differentiation is option c:
Hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.What are the functional strategies in regards to marketing?The term Functional Strategy is known to be a kind of a strategic plan that is known to be taken in by each functional aspect in the value chain of the firm such as marketing, production, finance and others.
This is often down so as to implement and to bring together in one spot with the total business or corporate strategy or vision for getting organizational level aims.
Hence, The feature that need to be included in functional strategies to improve differentiation is option c:
Hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.See full question below
Functional strategies to improve differentiation should include:
a. product offerings designed to be can be produced and delivered at as low a cost as possible
b. standardization of the product offering and marketing mix to different market segments.
c. hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.
d. initiation of a price war in order to grow volume and drive its weaker rivals out of the industry.
e. products that have lower prices to allow a company to erect an economic moat around its business that keeps higher-cost rivals out.
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The ability to meet short-term obligations and to efficiently generate revenues is called:________.
The ability to meet short-term obligations and efficiently generate revenues is called Liquidity.
Liquidity is the ease or speed with which money can be raised to meet short-term financial responsibilities such as paying bills. Stocks and bonds, as well as other easily tradable assets, are regarded as liquid assets.
A company's liquidity can be determined by how well it can meet its short-term obligations, particularly those that are due in less than a year. What the business owes in comparison to what it owns is typically represented as a ratio or percentage. You can gain insight into the company's financial situation by using these metrics.
The liquidity status of a business is primarily affected by two factors. The first factor is its capacity to transform assets into cash to cover its present liabilities (short-term liquidity). Its debt-carrying capability is the second.
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Risky Business Insurance Company insures business clients against unexpected disasters such as tornadoes and floods. The company operates in several regions in the U.S., and negotiates contracts following standard insurance industry guidelines. A strategic business guideline that the company would follow is
A strategic business guideline that the company would follow is: C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
What is insurance?Insurance can be defined as the coverage that help to cover expenses or cost incase of unforeseen or unexpected circumstances such as fire accident, theft etc.
Hence, the strategic business guideline that the company would follow is option C which stated that the company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
The missing options are:
A. The amount of loss should be equal to or less than a loss covered by a competitor company.
B. There should be documentation that clearly attests to the fact that the loss of buildings, equipment, and even lives is not measurable.
C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
D. All insurance companies that sell similar insurance would equally divide the number of claims, so as not to compete unfairly against each other.
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As of december 31, 2013, how many deferred tax liabilities (net of deferred tax assets) did colgate have? please provide your answer in millions, without comma separator or decimal (ex: 23456)
Tax expense for the period, comprising current tax and deferred tax, should be included in the determination of the net profit or loss for the period. Taxes on income are considered to be an expense incurred by the enterprise in earning income and are accrued in the same period as the revenue and expenses to which they relate. Such matching may result into timing differences. The tax effects of timing differences are included in the tax expense in the statement of profit and loss and as deferred tax assets
Net deferred tax liabilities :
The deferred tax liability on a company balance sheet represents a future tax payment that the company is obligated to pay in the future
It is calculated as the company's anticipated tax rate times the difference between its taxable income and accounting earnings before taxes.
Deferred tax liability is the amount of taxes a company has "underpaid" which will be made up in the future. This doesn't mean that the company hasn't fulfilled its tax obligations. Rather it recognizes a payment that is not yet due.
For example, a company that earned net income for the year knows it will have to pay corporate income taxes. Because the tax liability applies to the current year, it must reflect an expense for the same period.
But the tax will not actually be paid until the next calendar year. In order to rectify the accrual/cash timing difference, tax is recorded as a deferred tax liability.
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A corporation reported cash of $29,000, total assets of $471,000, and total equity of $161,435 on its balance sheet. its common-size percent for cash equals?
The common-size percent for cash equals is 6.157 % or 6.16 % (approx). Line items are shown as a percentage of a single chosen or common figure in a financial statement of common size. It is simpler to study a company over time and evaluate it against its competitors when financial statements are created in a common size.
What is the common size percentage?The formula known as "common-size percentages" sets each line item as a percent of one standard amount and is used to analyze both the income statement and the balance sheet. You would put each additional asset and liability line item on the balance sheet as a percentage of total assets.
Given,
Cash = $29,000
Total Assets = $471,000
Cash Common-size percent =?
Required to calculate= Cash Common-size percent = Cash divided by Total assets multiplied by 100.
Cash Common-size percent = 29,000 x 100/471,000 =6.16% (Approx).
Thus, Instead of showing entries as absolute numerical values, a common-size financial statement presents entries as a percentage of a common base figure. Common size statements enable analysts to make apples-to-apples comparisons between businesses of various sizes, across industries, or through time. The common-size percent for cash equals 6.16%.
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What information do you need from the various parties to prepare this documentation?
The necessary documentation would be as follows:
(a) a copy of the partnership agreement;
(b) a copy of the 1st Company's articles of organization.
(c) Copies of 2nd Company's articles of incorporation;
(d) 1st Company's corporate resolution authorizing an officer to sign on behalf of the company as a partner in the partnership;
(e) 2nd Company's corporate resolution authorizing an officer to sign on behalf of the company as a partner in the partnership.
What is Partnership?In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals. A partnership may solely be controlled by a contract, or it may issue and hold stock.In order to work on a project (such as an industrial or research project) that would be too heavy or risky for a single entity; ii) join forces to have a stronger position on the market; and iii) comply with a specific regulation (for instance, in some emerging countries, foreign investors can only invest in the form of partnerships with local entrepreneurs).To know more about Partnership with the given link
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The primary responsibility of a cloverleaf salespersons is to conclude a sale successfully in germany, france and the benelux countries. what are key responsibilities of cloverleaf salespeople and how those responsibilities can enhance efficiency and effectiveness?
A salesperson's job is to represent their company by offering their customers the following services: giving value ,Taking control of your relationships back to their businesses with the knowledge of their markets and customers.
The responsibilities of the salesperson are -
Give specific information to customers about the items so that the customers can make a purchase decision.Persuade the customers to make purchases and increase the sale of the company.Raise the complaints of the customers to the management to sort their customer issues on an immediate basis.The salesperson should also keep a track of the inventory to see that there is no shortage of resources and that customers' demands are met on time.The salesperson should also be extroverted and comfortable communicating with the customers and convincing them. An extroverted salesperson can make more customers for the company.The salesperson of the company should also be an achiever who is able to attain the sales target of the company along with giving additional inputs to increase the sales of the company.About salesman :
A salesman is an ambassador of his company to the external world. He leaves a lasting impression on those with whom he interacts and form an opinion about the company from his behavior.
A salesman is out in the field, with no direct or little direct supervision, whereas other employees have to work under close supervision. A salesman needs human relations skill much more than others. As he interacts with a variety of people in diverse situations, he must show diplomatic skills and composure.
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________ income is the money available to a household over and above that required for a comfortable standard of living.
At a price of $4. 95, a pulp fiction novel is expected to sell 9,000 copies. if the novel is offered for sale at a price of $3. 95, then the publisher can expect to sell:_____
Pulp fiction is a term used to describe a type of racy, action-oriented story that was mostly published in the United States from roughly 1900 through the 1950s in inexpensively printed magazines.
The paper that pulp fiction was printed on gave the genre its name. More than 9,000 copies.
Why is a narrative considered pulp fiction?In order to publish magazines more swiftly, the stories themselves have to be written quickly. This, of course, also meant that the stories had simple storylines, no characterization, and, for the main pulp heroes, little to no character development throughout the course of the series of stories.
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Which of the following statements is true about a Medicare Supplement Insurance Plan member who wants to enroll in an MA Plan?
a. Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.(right)
b. The member must submit a written request to cancel their Medicare Supplement Insurance Plan the same day they submit their MA Plan enrollment application.
c. When a member enrolls in the MA Plan their current Medicare Supplement Insurance Plan will automatically cancel.
d. The member should not cancel their Medicare Supplement Insurance Plan because Medicare Supplement Insurance can be used in conjunction with an MA Plan.
The statements is true about a Medicare Supplement Insurance Plan member who wants to enroll in an MA Plan is : A. Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.
What is Medicare Supplement InsuranceMedicare Supplement plans can be defined as a health insurance coverage that help to provide extra coverage to those under Medicare plan which inturn help to cover medical expenses or medical cost.
Hence, option A is the correct statement that is true about Medicare Supplement Insurance Plan based on the fact that Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.
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Volunteering is an excellent way to find out whether you like a particlar job or type of work. what is another reason volunteeering can help with a job search?
Volunteering can give your resume that greater raise that makes you stand proud of the relaxation of the %.
It assists you to beef up the competencies you're already studying at work, broaden new capabilities and opportunities, and provides you with any other avenue to construct management abilities. All of those possibilities make you a more qualified and ideal candidate for your next process.
Right here are 11 motives why:
Volunteering seems extraordinary to your resumé ...Volunteering offers you enjoy. ...Volunteering lets you coach your paintings search capabilities. ...Volunteering teaches you to apply and interview for jobs. ...Volunteering enables you to coach and broaden your competencies. ...Volunteering expands your community.Volunteering provides many benefits to both intellectual and bodily fitness. Volunteering enables counteract the results of pressure, anger, and tension. The social touch factor of helping and running with others can have a profound impact on your general psychological properly-being.
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What are the determinants of economies of scale and diseconomies of scale, respectively?
Diseconomies of scale occur when long run average total cost grows as output increases, while constant returns to scale occur when costs remain constant as product increases. Economies of scale exist when long run average total cost drops as output increases.
The phenomenon known as economies of scale occurs when the scale or magnitude of the production product by a firm increases while the average cost per unit of output decreases. This is an illustration of a natural monopoly, in which there is only one effective number of businesses.
A complex product like an automobile is produced using another form of scale economies.
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You draw and keep a single bill from a hat that contains $1, $10, $20, and $50 bill. what is the expected value of the game?
The Expected value of the game to you is 19 dollars. The Expected value of the game to you is 19 dollars.
Expected value (also called expected value, expected value, mathematical expected value, mean, average, or first moment) is a generalization of weighted average. Informally, the expected value is the arithmetic mean of a large number of independently selected random variables.
The expected value is the probability multiplied by the value of each outcome. For example, a 50% chance of winning $100 is worth $50 to you (if you don't mind the risk). You can use this framework to decide if you should participate in the lottery.
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Bhat and Cho do business as Data Security, a partnership. In most states, for the purposes of collecting judgments and having accounting performed, this firm would be treated as
The fact that the business that Bhat and Cho do as Data Security, means that for the purpose of collecting judgements and having accounting performed, most states would treat the firm as an independent entity.
What is an independent entity?An independent entity is one that does not get counted along with the assets of its owners or partners. In other words, it is independent of the affairs of its owners and is treated as having its own identity.
In this case, the Data Security partnership that Bhat and Cho have will be treated as a separate entity from them which makes it an independent entity.
This is purely for the purpose of collecting judgement and having proper accounting records kept. And even at that, not all states in the United States will require this.
In conclusion, this is an independent entity.
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The information employees receive about how the company evaluates their skills and knowledge and where they fit into the company's plans is referred to as blank______.
The information employees receive about how the company evaluates their skills and knowledge and where they fit into the company's plans is referred to as a reality check.
An employee is a person who is paid to work for an individual or company. A worker does not have to work full time to be considered an employee. You just need to be paid for the work by your employer (the person or company that pays your wages).
Employees perform specific duties and tasks for their employers in exchange for remuneration. They typically work full-time, part-time, or temporary. Employees often fulfill specific duties and roles as defined in the job posting.
Employees are important. Because they fulfill your mission and influence your customers. you fulfill your mission. One of the biggest reasons employees are so important to an organization's success is because they are directly responsible for carrying out the mission.
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The income households actually receive before they pay personal income taxes is:_______
The income households actually receive before they pay personal income taxes is false.
Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and its definition varies from region to region.
The definition of income is the amount of money received by an individual, group, or business during a specified period. An example of income is an annual salary of $70,000.
Income provides financial resources to influence decisions about housing, education, child care, nutrition, health care, and more. Wealth, the accumulation of savings and wealth, helps to soften and protect us in times of economic hardship. As income and wealth rise and fall, so does health.
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The budgeted balance sheet is part of which element of the master budget?
a. operating budget
b. financial budget
c. capital expenditures budget
The budgeted balance sheet is part of the element of the master budget b. financial budget.
A budget facilitates creating monetary stability. Via tracking charges and following a plan, finances make it simpler every day pay payments on time, build an emergency fund, and save for fundamental prices which include an automobile or domestic. Common, a price range puts someone on a more potent monetary footing for each the and the long time.
There are several one-of-a-kind techniques for day-to-day budgeting for businesses but those 4 sorts of budgets are the maximum typically used: incremental budgets, interest-based budgets, price proposition budgets, and zero-based day everyday budgets.
The 7 special sorts of budgeting used by businesses are strategic plan finances, cash finances, master finances, hard work budget, capital budget, financial budget, and operating budget.
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Business systems are primarily computer-based information systems that provide organizations with valuable ____________.
Business systems are primarily computer-based information systems that provide organizations with valuable information.
Why we need computer based information systems for businesses?
Managers who must make decisions on specific situations are given information. Provides assistance for making decisions in ill-structured settings. Many office tasks can be carried out electronically thanks to this multi-functional, computer-based system.
What is the role of information system in business?
In order to support organizational functions like decision making, communication, coordination, control, analysis, and visualization, information systems gather, store, and transmit information from an organization's environment and internal activities.
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Suppose that a bank has accepted $20,000 in checking deposits, $40,000 in savings deposits, has $10,000 in cash reserves, and made $50,000 in loans. What is the bank’s reserve ratio?.
Answer:
16.71%
Explanation:
The computation of the bank reserve ratio is shown below:
= Cash reserves ÷ total deposits × 100
where,
Cash reserve is $10,000
And, the total deposits would be
= Checking deposits + saving deposits
= $20,000 + $40,000
= $60,000
Now put these values to the above formula
So, the ratio would equal to
= $10,000 ÷ $60,000 × 100
Purchasing power parity (ppp) is considered an __________ measurement poverty levels
Purchasing power parity (ppp) is considered an objective measurement poverty levels.
Purchasing power parity:
By removing the variations in price levels between nations, purchasing power parities (PPPs) are rates of currency translation that aim to equalize the purchasing power of various currencies.monetary and developmental. Timothy Callen the rate at which the equivalent amount of goods and services might be purchased in one country using the currency of the other at a certain exchange rate.By taking the geometric mean of the pricing relationships between each pair of economies for the two varieties of rice, the basic-heading PPP for each pair of economies may be calculated directly. This comparison is bilateral.China, despite still being a developing country, is thought to have the greatest PPP in the entire world. This is due to the country's economy being the largest in the world, despite the fact that the bulk of its population earn extremely low wages.Learn more about Purchasing power parity here
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