What is this businesses main aim?
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Leaders who have avid and dedicated followers are said to have which of the following?
Which of the following is a characteristic of a public good? a. You must pay each time you use it. b. It is typically maintained for private use. c. The cost to build it is the same, regardless of how many people use it. d. You can apply for one if you plan to share it with the public.
Justify the reasons why businesses use team dynamic theories to understand team performance
SWOT Analysis A SWOT analysis provides organizational strategists with key information and a realistic assessment and understanding of both the internal and external environments. This activity is important because A SWOT analysis is a useful tool in gathering Information about the competitive environment to establish a grand strategy. The goal of this exercise is to challenge your knowledge of SWOT analysis. Select the most appropriate area of the SWOT analysis for each item. 1. The R&D program at the company produces world-class products. Click to select) 2. Our product is targeted to young professionals under 35 years of age. That group is growing. Click to select) 3. The equipment the company owns is last generation and does not have the latest technology, Click to select) 4. There have been several up and coming companies that are beginning to enter our market space. ICR to select 5. Word is that a new highway is being built in the next couple of years, making it easier to transport our products from the factory Cier to select) 6. The employees who work for us are highly skilled and leaders in their field to select) 7. Management does not provide a big budget to support the world-class staff that work for the company Click to select) 8. The company uses a fair amount of short-term debt financed through the bank. Economic projections indicate that interest rates may rise in the future and credit will be more difficult to obtain Click to select) 3
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Answer:
The answer is d.
Explanation:
Market power is defined as the power possessed by a single individual or a company or a group of companies to have effect on the prevailing market power. Such a group has the power, which if exercised, can affect the prices and deter competition. These individuals or companies have this power over others because of the position they hold with respect to others on the basis of either their market share, market size, technical advantage or so on. Thus, option d which says the power of a single person or small group to influence market prices is the right answer.
Market power refers to the ability of a single entity or a small group to influence market prices. It typically arises when a firm is the dominant player in the market, giving it the ability to control the price of goods or services.
Market power refers to the power of a single person or small group to influence market prices (option d). It is the ability of a firm to control the price of a good or service in a market, by being the dominant player. For instance, if a single company produces a unique product that no other firms manufacture, the company can set the price as it will not face direct competition. This scenario illustrates a high degree of market power.
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b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?
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Interest = 50,000 * 10 * 1/100
Therefore future value = 50,000 + Interest
= 55000
Similary at 5%, future value is 52500
and at 15%, future valuer is 57500
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A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.
Consumers must pay the price of said product because they can not get the same product from any other seller.
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Answer: Disintermediation
Explanation:
Disintermediation is the withdrawal of funds from an intermediary financial institutions e.g savings and loan associations or banks in order to invest them directly. It is the reduction in using intermediaries between the producers and consumers.
From the question, Erudite stopped using an intermediary and started selling its books online. The main advantage of disintermediation is that the consumer saves money.
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When the government announces that it will stop taxing a luxury good next year, it essentially reduces the price of the luxury good for consumers in the future. This change in price expectation is likely to have an immediate effect on consumer behavior. Consumers may anticipate lower prices in the future and, as a result, increase their demand for the luxury good today. This shift in demand to the right indicates higher demand at the current price level.
Final answer:
If the government announces it will stop taxing a luxury good next year, the demand for that luxury good would likely shift to the right (increase) today as consumers anticipate lower prices in the future.
Explanation:
The impact of government tax policies on consumer demand can be a complex topic to consider. In the scenario where the government announces that it will stop taxing a luxury good next year, the demand for that luxury good is likely to shift to the right today. This means that consumer demand will increase.
Many consumers who might have been deterred from purchasing the luxury good due to the extra cost imposed by the tax may now decide to wait until the tax is lifted before making their purchase. Therefore, the demand for the good will remain steady or possibly increase in anticipation.
However, it’s important to note that the shift might not be huge if consumers believe the price savings from the no tax policy isn't significant enough to warrant waiting. Other factors such as individual income levels, the perception of the good's worth, or the perceived urgency to own the good can also influence the shift in demand.
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