a. Distinguish positive externalities and negative externalities with relevant practical examples

b. There are three different ways of correcting market failures namely (a) an emissions fee, (b) an emissions standard, and (c) a system of transferable emissions permits. Compare and contrast them for treating pollution externalities when the costs and benefits of abatement are uncertain

Answers

Answer 1

While the emissions fee internalizes the external costs directly, the emissions standard provides certainty in terms of environmental outcomes, and the system of transferable emissions permits introduces market flexibility. The choice among these approaches depends on factors such as the degree of uncertainty, transaction costs, administrative feasibility, and policy goals.

a. Positive externalities and negative externalities are two types of external effects generated by the production or consumption of goods or services.

Positive externalities refer to the benefits that spill over to third parties who are not directly involved in the economic transaction. These externalities are considered beneficial to society as a whole. Here are some examples:

1. Vaccinations: When individuals receive vaccinations, they not only protect themselves from diseases but also contribute to the overall health and well-being of the community. The positive externality is the reduced risk of disease transmission to others.

2. Education: A well-educated population benefits society by fostering innovation, economic growth, and social cohesion. The positive externality arises when an individual's education enhances their productivity and generates positive spill-over effects on others' productivity.

Negative externalities, on the other hand, refer to the costs or harms imposed on third parties as a result of production or consumption activities. These externalities are considered detrimental to society. Here are a couple of examples:

1. Air pollution from factories: When factories emit pollutants into the air, the surrounding communities may suffer from health issues and reduced quality of life. The negative externality is the adverse impact on the health and well-being of individuals who are not involved in the production process.

2. Noise pollution from construction: Construction activities that generate excessive noise can disturb nearby residents, affecting their peace and quality of life. The negative externality is the annoyance and disruption caused to individuals not directly involved in the construction project.

b. When the costs and benefits of pollution abatement are uncertain, different approaches can be used to correct market failures:

1. Emissions fee (also known as a Pigouvian tax): This approach involves imposing a tax on each unit of pollution emitted. The tax is set based on the estimated social cost of pollution. By increasing the cost of pollution, it incentivizes firms to reduce emissions. The revenue generated from the tax can be used for environmental conservation efforts or to compensate affected parties. The emissions fee provides a clear economic incentive for firms to internalize the external costs associated with pollution.

2. Emissions standard (command-and-control regulation): This approach sets a specific limit on the amount of pollution allowed. Firms must comply with the set standard by implementing pollution control technologies or practices. Unlike the emissions fee, the standard does not directly link the abatement effort to the marginal costs and benefits. It can lead to firms incurring higher costs to meet the standard, regardless of their individual cost structures. However, it provides certainty in terms of environmental outcomes and may be easier to enforce.

3. System of transferable emissions permits (cap-and-trade): Under this approach, a government sets a total limit (cap) on pollution emissions and then allocates tradable permits to firms. Each permit allows the holder to emit a certain amount of pollution. Firms can buy or sell permits based on their individual needs. This system introduces market mechanisms by allowing firms with lower abatement costs to sell their excess permits to those with higher abatement costs. It provides flexibility and incentivizes cost-effective pollution reduction. However, the uncertainty lies in predicting the initial cap and the environmental outcomes associated with different permit allocations.

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Related Questions

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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it can be more profitable to sell a product with a lower contribution margin if (select all that apply.)

Answers

There are several scenarios in which it can be more profitable to sell a product with a lower contribution margin. Here are some possibilities:

Higher sales volume: If the product with the lower contribution margin has a higher demand and can be sold in larger quantities, it may generate more total profit than a product with a higher contribution margin but a lower sales volume.

Lower production costs: If the product with the lower contribution margin has lower production costs, it may still generate more profit than a product with a higher contribution margin but higher production costs.

Higher overhead allocation: If the product with the lower contribution margin has a lower share of overhead costs, it may generate more profit than a product with a higher contribution margin but a higher share of overhead costs.

Strategic reasons: If selling a product with a lower contribution margin helps the company achieve other strategic goals, such as gaining market share.

Contribution margin is a financial metric that represents the amount of money left over from sales revenue after variable costs have been subtracted. In other words, it is the difference between the revenue generated by a product or service and the variable costs associated with producing or delivering that product or service. The contribution margin provides valuable information for businesses, as it helps them understand the profitability of each product or service they offer.

Calculating the contribution margin involves subtracting the variable costs of producing a product from its selling price. Variable costs are those costs that vary with the level of production or sales, such as raw materials, labor, and shipping costs. Once the contribution margin is calculated, it can be used to determine how much of the fixed costs (those costs that do not vary with production or sales) can be covered by each unit of product sold. This information can help businesses make decisions about pricing, production levels, and product mix to maximize profitability.

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Describe at least two factors you could consider to help decide how much inventory to keep in stock of a particular item at the store. (1-4 sentences. 1.0 points)

Answers

Answer:

Determine how much demand there is for the product. Determine the cost of purchasing the product and how much is affordable. Figure out how much profit can be made off of each item and each order.

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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The more​ ________ used, the greater the leverage a company employs on behalf of its owners.

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The more​ "DEBT" used, the greater the leverage a company employs on behalf of its owners.

What is DEBT?

A debt is something that one party borrows from another, typically money. Many businesses and people utilize debt to finance significant expenditures that they would not normally be able to afford.

Some characteristics of DEBT are-

An agreement to borrow money with the need that it be repaid at a later time, typically with interest, is known as a debt arrangement.Debt is money that one party borrows from another.Many businesses and individuals utilize debt as a means of financing significant purchases that they would otherwise not be able to make.In a financial agreement based on debt, the borrowing party is granted permission to borrow funds subject to the need that they be repaid at a later time, typically with interest.The four primary forms of debt are secured, unsecured, revolving, and mortgaged.Bonds are a type of debt that businesses issue to raise money.

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Which of the following would the government potentially do to collect overdue taxes from a business?
A. Advertise against the business
B. Fine employees of the business
C. Demolish the business facilities
D. Seize property of the business

Answers

Answer:

B. Fine employees of the business

Answer:

Seize property of the business

Explanation:

What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year

Answers

Answer:

C. calculating how much tax should be withheld from a person's paycheck

Explanation:

In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.

Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).

Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.

Answer:

its c

Explanation:

just took the unit test on edge

Apple's historic pricing strategies would be best characterized as
a. Loss leadership
b. Skimming
c. Competitive
d. Penetration
e. Pay what you want

Answers

Apple's historic pricing strategies would be best characterized as:

Apple hasof employing skimming pricing strategies, particularly with their high-end and innovative products. b. Skimming.

Skimming involves initially setting a high price for a product to maximize profits from the early adopters and customers willing to pay a premium for the latest technology or unique features. Over time, Apple gradually lowers the price to target a broader customer base and capture more market share.

This pricing approach aligns with Apple's brand positioning as a provider of premium and cutting-edge products. They often introduce new devices at a premium price, leveraging their strong brand image, perceived value, and customer loyalty. As demand stabilizes and competition increases, Apple adjusts the prices downward, making the products more accessible to a wider range of consumers.

Apple's strategy allows them to generate significant revenue and profit margins during the initial product launch and capitalize on the enthusiasm of early adopters. As the product matures and the market becomes more saturated, Apple gradually reduces prices to maintain sales momentum and attract a broader customer base.

While Apple has experimented with different pricing strategies and offers products at various price points, their historical approach has been most closely aligned with skimming pricing.

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A firm with $50,000 in fixed costs, selling price of $25 per unit, and variable costs of $5 a unit is currently operating at breakeven volume. This firm has: O a profits of $50,000. a. O b.profits of zero. O csales of 5,000 units. O d. losses equal to fixed costs. An organization's total costs are typically divided into: a. liabilities and assets. O b. expenses and revenues. O c. salaries and overhead. O d. variable costs and fixed costs. The breakeven model assumes per-unit variable costs do not change at different levels of operation. In reality, per-unit variable costs often go down as production quantities increase. O a. True O b. False

Answers

The firm with $50,000 in fixed costs, selling price of $25 per unit, and variable costs of $5 a unit is currently operating at breakeven volume has profits of zero. The correct answer is option(b).

The given firm has fixed costs of $50,000 and the selling price of each unit is $25, which means that there is a profit of $20 per unit. Furthermore, the given variable cost of each unit is $5. Therefore, the contribution margin of each unit will be $20 - $5 = $15. However, the question says that the firm is operating at breakeven, which means that there are no profits and no losses. Therefore, the firm has profits of zero.

The division of total costs is typically done into variable costs and fixed costs.In the given options, it is evident that option (d) is the correct answer i.e. "variable costs and fixed costs."

The statement "In reality, per-unit variable costs often go down as production quantities increase" is false.The given statement is false because the per-unit variable costs do not often go down as production quantities increase.  The per-unit variable cost only goes down if there are some economies of scale, which means that the cost of producing each unit goes down as the number of units produced goes up.

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for aws enterprise customers, any questions about billing and overall aws account can be directed to which aws support personnel?

Answers

Questions about invoicing for AWS Enterprise Accounts can be sent to the AWS Concierge.

They will respond to your questions about billing and accounts in a timely manner, and they will help with you to put best practices in place so you can concentrate on what really matters—running your business.

A designated Cloud Service Delivery Manager (CSDM), a Cloud Architect (CA), and access to the AMS security team are included as baseline operations.

Direct clients of AWS Managed Services who use AWS Enterprise Support can access AWS Incident Detection and Response in qualifying regions at no extra cost.

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an economy with a larger involvement in foreign trade:

Answers

An economy with a larger involvement in foreign trade may measure its exports as a share of GDP.

When an economy engages in significant foreign trade, it becomes common to measure its exports as a share of GDP. This ratio provides an indication of how much a country's exports contribute to its overall economic output. By measuring exports as a percentage of GDP, policymakers and analysts can assess the importance of international trade to the economy.

It helps in understanding the level of dependence on foreign markets and the potential impact of trade imbalances. However, it's important to note that the statement does not directly imply that a larger involvement in foreign trade leads to a substantial or underlying trade imbalance. The presence or size of a trade imbalance depends on various factors such as competitiveness, exchange rates, and trade policies.

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------------The given question is incomplete, the complete question is:

"An economy with a larger involvement in foreign trade:

-is more likely to suffer a larger trade imbalance.

-may measure its exports as a share of GDP.

-has a substantial trade imbalance.

-has an underlying trade imbalance."-----------

What is the polygon address used by the hacker to steal $600 million from the poly network in 2021?.

Answers

Polygon address: '0x5dc3603C9D42Ff184153a8a9094a73d461663214' was used by the hacker to steal $600 million from the poly network in 2021.

The Polygon stack of protocols was created to address the scalability problems of Ethereum. The Polygon network handles transactions on a different, Ethereum-compatible blockchain to address the network's problems. The blockchain-based Poly Network platform reported that a hacker had gained access and stolen more than $600 million in cryptocurrencies.

However, it seemed as though the hacker had given back a few of the stolen goods. According to the network, the three addresses received allegedly stolen assets. According to Poly Network, which enables token exchanges between blockchains, a hacker targeted multiple chains at once and stole more than $600 million in cryptocurrency.

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which of the following is true of unsystematic risk?

The correlation among the returns of assets within a portfolio are irrelevant to this type of risk.
Its presence commands a return in excess of the risk-free rate.
It can be diversified away by relying on the lack of a tight positive relationship among the returns of a set of individual assets.
It is also known as non-diversifiable risk.

Answers

The option that is true about unsystematic risk is that it can be diversified by accounting for the lack of a tight positive relationship among the returns of a set of individual assets. Option C is correct.

What is an unsystematic risk?

It corresponds to financial risks that are not shared by the entire market, but rather are the specific risks of a particular organization or investor due to lack of asset diversification, ineffective management or obligations.

Systematic risk, on the other hand, cannot be reduced with diversification, as it corresponds to a broader risk that impacts the market as a whole.

Therefore, asset portfolio diversification is the best solution to reduce unsystematic investment risks, making it more balanced and reducing the risks of individual investments and enabling diversified earnings.

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Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.

Unlike a limited partnership, a general partnership has which of the following?O A. An unlimited number

Answers

Answer:

C. Unlimited liability for all partners.

Explanation:

A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.  

A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.

Which of the following strategies is used in the following ad:

A. famous association
B. join the bandwagon
C. promotional deal
D. repetition

Which of the following strategies is used in the following ad:A. famous associationB. join the bandwagonC.

Answers

Answer:

a

Explanation:

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.

Answers

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.

Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.

While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.

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Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs

Answers

i think it’s self-actualization

According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.

Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.

Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.

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UNIT - V (a) Discuss any two types of depreciation methods. or (b) Explain the application of payback period with its limitations.

Answers

There are several types of depreciation methods, some of which are straight-line depreciation and reducing balance depreciation. Straight-line depreciation:This is the most often used method of calculating depreciation. This method involves the same amount of depreciation being charged to the asset every year.

It calculates the annual depreciation rate as a percentage of the cost of the asset. Reducing balance depreciation:This is a more complex method that takes into account the value of an asset at the beginning of each accounting period. Depreciation is calculated as a percentage of the asset's carrying value at the beginning of the accounting period.

This method results in greater depreciation charges in the early years of an asset's life and smaller charges in the later years. The payback period method measures the amount of time it takes to recover an initial investment. The payback period is the time it takes for a project to generate enough cash flow to recover the cost of the initial investment.

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which statement is true? multiple choice question. the inventory costing methods must mirror the physical flow of goods. the inventory costing methods reflect the amount paid for the purchases of inventory. specific identification, weighted average cost, lifo and fifo are acceptable gaap costing methods.

Answers

The correct statement is "specific identification, weighted average cost, LIFO, and FIFO are acceptable GAAP costing methods."

This statement is not true. While it is common for companies to align their inventory costing methods with the physical flow of goods, it is not a requirement under Generally Accepted Accounting Principles (GAAP).

This statement is also not true. The inventory costing methods do not necessarily reflect the amount paid for the purchases of inventory. Instead, they focus on how the cost of inventory is allocated and assigned to the cost of goods sold and ending inventory.

Specific identification
, weighted average cost, LIFO, and FIFO are acceptable GAAP costing methods. This statement is true. These are some of the commonly used inventory costing methods that are acceptable under GAAP. Specific identification involves assigning the actual cost to each specific item in inventory. Weighted average cost calculates the average cost per unit based on the total cost of inventory divided by the total units. LIFO assumes that the most recently purchased inventory is sold first. FIFO (First In, First Out) assumes that the oldest inventory is sold first.

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A cash discount representing a reduction in the amount to be paid by a credit customer if the customer pays within a specified period of time is also referred to as a(n) discount.

Answers

It should be noted that a cash discount representing a reduction in the amount to be paid by a credit customer can also be called Cash discount.

What is a discount?

Discount can be regarded as a reduction in price of a good or service.

As a customer, one can ask manager for a discount in case of damaged item and other cases.

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You+invest+$7,000+in+a+stock+that+has+a+25%+chance+of+a+6%+return,+a+35%+chance+of+a+9%+return+and+a+40%+chance+of+a+10%+return.+what+is+your+expected+return+after+one+year?

Answers

[DISCLAIMER :- The question asked is improper question. The complete question is given below :

Below is the complete question and hence, has been answered accordingly.

"You invest $7,000 in a stock that has a 25% chance of a 6% return, a 35% chance of a 9% return and a 40% chance of a 10% return. what is your expected return after one year ?"]

The expected come back when one year are going to be 8.65%

What is expected come back?The expected return is that the quantity of profit or loss associate capitalist will associate receiving on an investment.How we will tend to calculate it?To realize expected come back we multiply the potential outcomes by the percentages and so summation all the result.  

Expected come back are often expressed as : (p1r1) + (p2r2) + … + (pn rn)

Where

p= chance of every come back in an exceedingly state of affairs

r= Rate of come back with completely different chance in an exceedingly given state of affairs

n= state of affairs variety

So, expected come back :

= (6 X 0.25 ) + (9 X zero.35) +(10 X zero.40)

=1.5 + 3.15 + 4

=8.65%

Hence, the expected come back when one year are going to be 8.65%.

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Identify the careers that match the descriptions.

Checks to make sure that laws and regulations are followed for pollution and waste disposal:

Organizes waste materials for processing into new products and substances:

Operates machinery for treating water for human use:

Uses design skills to solve and prevent environmental problems:

Cleans up and disposes of toxic chemical and fuels:

Options
A. Recycling and Reclamation Worker

B. Water and Wastewater Treatment Plant and System Operator

C. Hazardous Materials Removal Worker

D. Environmental Compliance Inspector

E. Environmental Engineer

Answers

1- Enviromental Compliance inspector (D)

2- Recyling and Reclamation Worker(A)

3-Water Treatment Plant and System Operator (B)

4-Enviromental Engineer (E)

5-Hazardous Materials Removal Worker(C)

The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.

Answers

If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.

What is a customer service technique?

A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.

What are three important technique of customer service?

Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.

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Answer:

The collection of interactions a company has with a customer who has already purchased a product is

called

✔ customer service

.

When dealing with customers face-to-face, a good customer service technique is

to

✔ maintain eye contact

.

When speaking with customers over the phone, it is important to be aware of

✔ tone of voice

because it can change the meaning of what is said.

Actually got it right.

Have a good one!

a technology boom improves technology across industries, improving their productivity. what effects would this have on aggregate demand or aggregate supply, other things equal?

Answers

A technology boom improves technology across industries causing companies to invest, improving their productivity will increase aggregate demand and increase aggregate supply.

How are aggregate demand and aggregate supply related?

Aggregate supply, or real GDP, is the entire amount of product that businesses will generate and sell.  The four production factors—labor, capital goods, natural resources, and entrepreneurship—are what drive aggregate supply. By making financial capital more readily available, these factors are improved.

The amount that businesses are willing to create and the amount that customers are willing to demand at a particular price point are expressed as aggregate supply and aggregate demand. Consumer spending, business investments, governmental expenditures, and net exports are all included in aggregate demand, which is the entire amount of money spent by an organization. When the aggregate demand meets the aggregate supply, macroeconomic equilibrium takes place.

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• $5,200 fair market value of stock contributed to the Red Cross ($3,000 stock basis). He had owned the stock for two years. Robert also made cash contributions of $8,000 to qualified organizations during the year.

Answers

Robert's contribution of stock to the Red Cross with a fair market value of $5,200 and a stock basis of $3,000 is considered a charitable contribution. Since he has owned the stock for two years, he can claim a deduction for the full fair market value of the stock, which is $5,200. However, he cannot claim a deduction for the stock basis of $3,000.

In addition to the stock contribution, Robert also made cash contributions of $8,000 to qualified organizations during the year. These cash contributions can also be claimed as a charitable deduction on his tax return.

To claim the charitable deduction for both the stock contribution and cash contributions, Robert must itemize his deductions on his tax return using Schedule A. The total amount of the charitable deduction cannot exceed 60% of his adjusted gross income.

In summary, Robert can claim a charitable deduction of $5,200 for the stock contribution and $8,000 for the cash contributions. It is important to keep detailed records of all charitable contributions made during the year in order to provide a detailed solution when claiming deductions on tax returns.

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Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral

Answers

Answer:

deferral

Explanation:

Adjusting entries are when changes are made to already recorded journal entries.

Categories of adjusting entries :

accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.

Prepaid expenses are payments made for services yet to be delivered.

For example, paying for a year's worth of subscription on your streaming service

Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

Game theory is Group of answer choices The study of price-fixing and collusion. The study of decision making in situations where strategic interaction occurs between rivals. An explanation of how oligopolists become monopolists. Practiced by perfectly competitive firms.

Answers

Answer:

The study of decision making in situations where strategic interaction occurs between rivals.

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Game theory is usually practiced by firms in an oligopoly

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

price setting firms

product differentiation

profit maximisation

high barriers to entry or exit of firms

downward sloping demand curve

Asser and his partner Ali decided to start a business selling flowers called A and A Blooms. They agreed the business
objectives they would set. There are several other shops in the town and much competition. Asser and Ali had little
cash to start the shop, BUT after 5 years running, it is still open. Business objectives have changed, there are plans to
open 2 or 3 new shops, perhaps by taking over some of their competitors. The business now employs 5 workers and
uses several local flower growers as suppliers.
a) What is meant by 'business objective'?
[2]
Goals
Direction in which business Сол be succesful
b) Identify two of A and A Blooms' stakeholders, other than workers and suppliers.
[2]
Customers and Community
c) Identify and explain two likely business objectives of Blooms when the business was first established. [4]

Asser and his partner Ali decided to start a business selling flowers called A and A Blooms. They agreed

Answers

A business objective simply refers to the results that a business wants to achieve. Having a business objective is vital for a business.

It should be noted that business objectives are the measurable results that a business hopes to maintain as the business grows.

The examples of A and A Blooms' stakeholders apart from the workers and suppliers will its shareholders and customers. Stakeholders are affected by the decisions taken by a business.

The two likely business objectives of Blooms when the business was first established include profit maximization and cost minimization.

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what businesses could do to assist a community experiencing a crisis in education

Answers

Companies can assist in the development of a community that is going through an education crisis with investments in education, such as educational programs, subsidies and support to educational institutions.

What is CSR?

It corresponds to an acronym for corporate social responsibility, which are means that companies use to attest to their social and environmental responsibility in a strategic way, instituting programs and investments in the local community, to generate value for the brand through the positive perception of stakeholders.

Consumers are increasingly interested in consuming from companies with positive practices for socio-environmental development that go beyond legal requirements, which is a relevant competitive advantage.

Therefore, CSR aims to institute continuous improvement in the organization, waste reduction, relationship creation and quality in its internal and external processes.

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Goals should be manageable and large.
O A.
True
B.
False

Answers

Answer:

B) False

Explanation:

your goals can be above and beyond, may take a while to get there, but u will if u keep trying even if u fail the first time.

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