Limit pricing is a strategy used by incumbent firms to deter entry by setting prices low enough to make it unprofitable for a new firm to enter the market.
However, if an entrant's post-entry profits are independent of the pre-entry price charged by the incumbent, then limit pricing will have little to no effect on deterring entry. This is because the entrant's profits are not influenced by the incumbent's pricing strategy. In this case, the entrant will likely enter the market despite the incumbent's efforts to limit price. The incumbent may still choose to use limit pricing as a strategy, but it will not be effective in deterring entry.
It is important for the incumbent to consider other strategies to protect their market share, such as product differentiation or economies of scale, rather than relying solely on limit pricing.
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Explanation:
Technological forces have a significant impact on the market by transforming the way businesses operate and the products they offer. For example, the rise of e-commerce has allowed companies to reach customers all over the world, while advancements in automation have increased productivity and reduced costs. Additionally, new technologies such as artificial intelligence and blockchain are creating new opportunities for businesses to innovate and improve their operations.
Political and legal forces also play a crucial role in shaping the market. Government policies and regulations can impact businesses in various ways, such as taxation, trade agreements, and labor laws. For instance, changes in trade policies can affect the supply chain and pricing of goods, while labor laws can impact the cost of production. Additionally, political instability and uncertainty can create volatility in the market, leading to fluctuations in demand and supply.
Overall, technological forces and political and legal forces are two critical factors that influence the market. Companies that can adapt to these forces and leverage them to their advantage are more likely to succeed in today's rapidly changing business environment.
This project will focus on writing about a current event in business risks. The task is to first find an article that deals with business risks and write a summary of the article. In your summary, you should discuss what the risk is and what steps the business is taking to deal with it.
Current Event
Use the Internet to find an article that deals with business risks. Once you have found and read your article, record your summary and upload it. Use the following format.
Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of whether or not you think the appropriate steps are being taken to deal with the risk
Answer:
Explanation:
yes
B)5%
C)6.25%
D)5.5%
B) analysis and design of work
C) compensation and benefits
D) maintenance of employee relations
E) recruitment and selection
Answer:
E) recruitment and selection
Explanation:
The human resource department of an organization is responsible for assigning tax to employees after recruitment based on their abilities.
Hence, the human resource team at ICS Inc needs to improve on filling the gaps in the organization or selecting the best employee for a particular job. This role involves providing clarity regarding the tasks employees are required to perform.
Achieving egalitarian (among gender, women and children), or being an egalitarian, is hard to achieve since not all people want to be in equal footing with everyone. However we could lessen its prevalence: (1) educate people about the effects of inequality; (2) engage them in talks that relates to being empathetic with the inferior group; and (3) educate the inferior, let them know their rights.
b. direct management by the stockholders.
c. stockholders having limited liability.
d. stockholders choosing a board of directors.
A corporation is characterized by limited liability for stockholders and management by a board of directors chosen by the stockholders. Stockholders' personal assets are not at risk in case of bankruptcy or lawsuits.
The Characteristics of a Corporation typically include:
Hence, in the given options, c. stockholders having limited liability, and d. stockholders choosing a board of directors are correct characteristics of a corporation.
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The answer to your question is letter C. Stockholders having limited liability.