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Leviafan [203]
2 years ago
13

Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an iden

tical beer produced by the same factory and sold by the luxury hotel adjacent to the shack. Siyed most likely thinks that
A the luxury hotel and the shack are in a perfectly competitive industry.
B the luxury hotel is a monopoly seller of the beer.
C the luxury hotel and the shack are in a monopolistically competitive industry.
D the shack is in a perfectly competitive industry, but the luxury hotel is in an oligopoly industry.
E while beer is homogeneous, the product is differentiated among the sellers.
Business
2 answers:
fomenos2 years ago
7 0

Answer: E. while beer is homogeneous, the product is differentiated among the sellers.

Explanation: In a bid to construct specific competitive advantages over competitors, sellers of similar or identical products often differentiate them usually through packaging or branding among others. This is known as product differentiation which when successful, leads to competitive advantage. While the beers are identical since they are produced by the same factory, the different stores may differentiate them in order to prod the consumers into choosing one over the other. As a result, Siyed most likely thinks that while the beer is homogeneous, the product is differentiated among the sellers.

Ghella [55]2 years ago
6 0

Answer:

E) while beer is homogeneous, the product is differentiated among the sellers.

Explanation: The beers are quite identical but each seller differentiates it

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Jasmine finished writing a news release about her company's new product. She intends to e-mail the message to local television a
Drupady [299]

Answer:

Public Relations

Explanation:

Public relations is the term which is defined as the process of the strategic communication, which builds the beneficial relationship mutually among the public and the organizations. In other words, it is a practice of managing the communication among the public and the organization.

A major component of the public relations is the publicity. Organizations often generate the publicity through sending the new releases to the media in the hope that the media will use the stories regarding the products and also about the firm.

3 0
1 year ago
Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons
sashaice [31]

Answer:

Quality Timber Pty Ltd

In this scenario, the performance norms are _below-average____ and cohesiveness is _ high____, so productivity is _low___.

Explanation:

It has been established that group norms influence individual behavior and group performance.  Performance Norms refer to how a person should work in a given group and what his or her output should be.

Cohesion, according to wikipedia.com, "can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members."  Employees of the packaging department tend to be enjoying so much group cohesiveness.  But, they need to break some habits to focus on achieving corporate goals by increasing their productivity.

According to Paul Krugman of the Organization for Economic Co-operation and Development, "Productivity is commonly defined as a ratio between the output volume and the volume of inputs.  In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output."  A rough assessment of the packaging department employees' performance shows low productivity, as they are "consistently behind schedule and take long lunch breaks, and frequently chat with co-workers," instead of concentrating on their jobs.

8 0
2 years ago
During the Financial Crisis of 2007-2008, Goldman Sachs, Morgan Stanley, and other financial firms with heavy exposure to the mo
Reika [66]

Answer:

The answer is: D) Get massive loans from the Fed

Explanation:

Remember the phrase too big to fail? Most American "big" banks were at the brink of bankruptcy and the whole global financial system was about to collapse. At this point the US government loaned them money, tons of money, to avoid them from going bankrupt. In order for big banks to be eligible for those bank loans, they had to become bank holding companies.

8 0
1 year ago
Instructions: Round your answers to 2 decimal places. If you are entering a negative number include a minus sign. a. Using the m
BabaBlast [244]

Answer:

The answer is below

Explanation:

The graph is attached below.

a) The price elasticity of demand is given by:

price elasticity of demand = \frac{\%\ change\ in\ quantity }{\%\ change\ in\ price}=\frac{\Delta Q}{\Delta P}

\Delta Q=\frac{Q_2-Q_1}{(Q_2+Q_1)/2} \\\\\Delta P=\frac{P_2-P_1}{(P_2+P_1)/2}

Price of elasticity demand =   \frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} }

Price of elasticity demand =   \frac{\frac{50-100}{(50+100)/2} }{\frac{4.5-4}{(4.5+4.0)/2} }=\frac{-0.6667}{0.1176} =5.7

Since the price of elasticity demand > 1, it is elastic

b) Price of elasticity demand =   \frac{\frac{200-300}{(200+300)/2} }{\frac{3-2}{(3+2)/2} }=\frac{-0.4}{0.4} =1

Since the price of elasticity demand = 1, it is unitary

c) Price of elasticity demand =   \frac{\frac{400-450}{(400+450)/2} }{\frac{1-0.5}{(1+0.5)/2} }=\frac{-0.1176}{0.6667} =0.18

Since the price of elasticity demand < 1, it is inelastic

6 0
2 years ago
Mufala, Inc., will issue $10,000,000 of 6% 10-year bonds. The market rate for bonds with similar risk and maturity is 8%. Intere
zubka84 [21]

Answer:

the issue price of the bond is $8,640,999

Explanation:

The computation of the issue price of the bond is shown below:

Particulars                       Amount       PV factor   Present value  

Semi-annual Interest     $300,000     13.59033  $4,077,099  

Principal                         $10,000,000  0.45639  $4,563,900  

Issue price of the bonds                                        $8,640,999

Therefore the issue price of the bond is $8,640,999

4 0
2 years ago
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