What is an oligopoly - Study guides, Class notes & Summaries

What do we mean by Strategy? correct answers A set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. What is the Strategic Management Process? correct answers AFI framework: Analysis--> Formulation--> Implementation What are two types of strategies? correct answers Intended: top-down, planned, projected from past, rigid, proactive, timed, formal Emergent: bottom-up, unplanned, unforseen, flexible, reactive, untimed, less formal ...

1. Recommender System ANS a subclass of information filtering system that seek to predict the rating that a user would give to an item. 2. Culture ANS The kinds of information used to solve marketing problems does not include 3. FTC unfair acts or practices of advertisers to protect consumers include the following 3 tests to determine if unfair. ANS I causes a substantial consumer injury, harm or injury outweighs any benefit, the consumer could not reasonably avoid the injury. 4. Types o...

WGU C718 Full Study Guide Questions & Answers 100% CorrectWGU C718 Full Study Guide Questions & Answers 100% CorrectWGU C718 Full Study Guide Questions & Answers 100% CorrectWGU C718 Full Study Guide Questions & Answers 100% Correct What is the definition of economics? - ANSWER the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - ANSWER Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting pr...

WGU C718 Full Study Guide Questions | 104 Questions with 100% Correct Answers | Verified | Latest Update | 25 Pages What is the definition of economics? - Answer ️️ -the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - Answer ️️ -Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs -...

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Inter...

UGBA 104 Module 1 Practice Test Exam Latest Questions and Answers 1) Alonzo is an experienced CPA who has been hired for a professional position at PWC to advise corporations on mergers. Which of the following terms BEST describes Jose's capacity as an accountant? A) noncertified public accountant B) private accountant C) forensic accountant D) accountant providing management advisory services E) management accountant - CORRECT ANSWER-Answer: D See page 221, paragraph 2 of custom t...

INTRO TO BUS FINAL EXAM 2024 WITH 100% CORRECT ANSWERS the quality and quantity of goods & services available to a population - correct answer standard of living in the history of business, this is the era we are in today where companies try to figure out what consumers want and create that product to meet their needs - correct answer relationship era the governments efforts to influence the economy thru taxation & spending - correct answer fiscal policy a measure of the total val...

WGU C718 Full Study Guide Questions Rated A+ What is the definition of economics? the study of how humans make decisions in the face of scarcity What are economic and accounting profits? Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs - Implicit costs = Economic profit What are the characteristics of an oligopoly? 1) few firms 2) barriers to ent...

In general, as price of a good or service increases, the quantity demanded: remains the same irrespective of the product type. first increases and then decreases irrespective of the product type. increases. declines. - -declines. A graph showing the amount of a product that buyers will purchase at different prices is the _____ curve. demand utility production possibility supply - -demand Incentives to motivate employees to perform at their highest level are strongest in _____ systems....

Cloud Computeing - ANSWERSShared pools of configurable computer system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the internet. Non-Volatile Memory - ANSWERSMore permanent storage like flash or hard disk One-Sided Market - ANSWERSderive most of their value from a single class of users Blue Ocean Strategy - ANSWERSAn approach where firms seek to create and compete in uncontested "blue ocean" market spaces, rather than ...