Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of a. whether the profits of suppliers are relatively high or low. b. the average number of suppliers that each seller/industry member purchases from. c. how aggressively rival industry members are trying to differentiate their products. d. whether demand for supplier products is high and they are in short supply. e. whether the prices of the items being furnished by the suppliers are rising or falling.

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Answer 1

The supplier-seller relationships can bring about competitive pressure, which is determined by whether demand for supplier products is high or are not much available.

What are competitive pressures?

competitive pressure are those pressures that are been faced by a company from their competitors in the market.

When the demand for supplier products is high, then  there is a strong   source of competitive pressure.

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Related Questions

What cortex is the decision-making and planning center of consciousness

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Prefrontal cortex is the decision-making and planning center of consciousness.

What is prefrontal cortex?

The prefrontal cortex is said to be the seat of planning.

The cortex is a part of the brain which is the control of all mind activity. The prefrontal is located at the front of the brain and it helps planning of activities.

Therefore, prefrontal cortex is the decision-making and planning center of consciousness.

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The definition of market equilibrium states that at the _______________, the quantity of labor demanded by employers will equal the quantity supplied.

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The definition of market equilibrium states that the quantity of labor demanded by employers will equal the quantity supplied at an equilibrium wage.

What is an equilibrium?

The point at which the forces of demand and supply are equal from both the sides, and there is an expression of a perfect competition in the market, such point is known as an equilibrium.

Hence, option B holds true regarding equilibrium.

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A firm experiences diseconomies of scale when it:

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A firm experiences diseconomies of scale when it: grows so large that the cost per unit has to increase.

What is referred to as diseconomies of scale?

This has to do with the fact that a business has become so large. When it grows to be so big, the cost for every unit would then have to raise.

Limited resources and infrastructure could be the reasons why there may be diseconomies of scale.

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What is the purpose of cost accounting iss?

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The main purpose of cost accounting is to find out the cost of the various processes in the business so that selling prices can be fixed appropriately.

What is cost accounting?

This is an accounting method that allows companies to find out the cost of various processes and transactions they embark on.

Knowing these costs will enable the company to know the price it can charge on goods so that it can recoup these costs and make profits.

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d) Identify and explain two reasons why accurate market research
information should be accurate

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Answer:

When businesses are deciding how to develop their products and services, they undertake market research. Market research can either be done by the company itself or taken from elsewhere. Having reliable market research data is essential. Basing decisions on unreliable research can be very costly to a business. For research to be reliable, it must have a high level of validity. This means that the facts and evidence gathered are accurate.

Two reasons why market research should be accurate:

Business Risks: Regular market research will be your way to check in with your current customers and potential customers to ensure that you’re still meeting their needs. If it is accurate business risks are reduced but if inaccurate, it could lead to the crash of your business.

Decision-making: The need for and importance of marketing research frequently comes up when making tough business decisions. Instead of having arbitrary criteria for the decisions you make as a business owner, you can always go back to your market research report. Based on that report, will this decision lead to more customers? Will you be able to reach more people who are likely to buy from you? Will it be clear to them that your business can meet their needs? With an accurate market research, the business can make properly informed decisions but with inaccurate market research, the business will be making unwise decisions

The Plume and Fabric manufacturing company abides by a strict code of providing the best in equipment, lighting, and overall working conditions for its 350 employees who create costumes for Broadway shows. While the company could save money by hiring less-skilled or underage labor to do the job, it knows that decision is not acceptable. This scenario demonstrates how a(n) _____ plays a role in the company's decisions. Multiple choice question.

Answers

This scenario in the company demonstrates how an Ethical strategy plays a role in the company's decisions.

What is an Ethical strategy?

This strategy is one that analyzes the target markets and the items that customers are more likely to buy.

However, as the firm abides by its strict code of providing the best in equipment, lighting and overall working conditions, its shows that Ethical strategy plays a role in the company's decisions.

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Data analysts pay attention to sample size in order to achieve what goals?

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Data analysts are known to pay attention to the sample size so as to

To make sure a few unusual responses don't skew resultsTo make sure the data represents a diverse set of perspectiveTo avoid a small sample size leading to inaccurate judgments

Who is a data analyst?

This is a term that is used to refer to a person that is engaged in the handling of data.

Such a person helps to analyze, retrieve and also make conclusions using the available data.

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The management methodology of using a firm's strategy to generate operational targets for the business and measuring progress towards them using the firm's enterprise systems is called: Key Performance Indicators (KPIs). benchmarks. the balanced scorecard method. business intelligence. Business Performance Measurement (BPM).

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When management uses the firm's strategy to come up with operational targets this is called Business Performance Measurement (BPM).

What is Business Performance Measurement (BPM)?

This is a strategy that is employed to ensure that a company meets its overall strategic goals and targets.

It works by breaking down the firm's strategy into targets that can be achieved through operational means and then measuring the progress of these operations.

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The Lincoln Company produces a wide range of furniture, such as cabinets, bookcases, and bureaus. It divides its consumer market into several groups of people who have similar interests in wooden furniture. The strategy of dividing its consumer market most likely _______. a. allows the Lincoln Company to use an undifferentiated targeting strategy b. enables the Lincoln Company to define customer needs and wants more precisely c. allows the Lincoln Company to meet the market's needs with a single marketing mix d. eliminates the need for developing marketing objectives

Answers

Lincoln company's strategy of dividing its consumer market will enables it to define customer needs and wants more precisely.

What is the strategy used by Lincoln company?

In marketing, this is known as segmentation which involves division of customers according to their segment such as age, needs, gender etc.

Here, as the firm has divided its consumer market into several groups that have similar interests in wooden furniture, this will allow them to define customer needs and wants more precisely.

Therefore, the Option B is correct.

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The country of Bratislaka hired Gudurn to assist with government policies regarding the macroeconomy. Gudrun is a neoclassical economist and makes all decisions based on those economic philosophies. What policies will Gudrun tell the government to enact in order to foster a health economy

Answers

The policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.

What is tax?

It should be noted that tax simply means the compulsory levy that's paid to the government by individuals and businesses.

In this case, the policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.

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According to the invisible hand theory, efficiency is dependent on the activity of interacting in free markets

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The invisible hand theory states that the wealth of nation is dependent on the activity of interacting in free markets.

What is invisible hand theory?

This refers to the tendency of the market prices to direct an individuals into pursuing their own self interests into productive activities which consequently promote economic well-being of society.

Hence, the invisible hand theory states that the wealth of nation is dependent on the activity of interacting in free markets.

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According to the invisible hand theory, the wealth of nation is dependent on the activity of self-interacted individuals interacting in free markets.

What is invisible hand theory?

The unseen forces that steer the free market economy are represented by the metaphor of the invisible hand. The best interests of society as a whole are served by allowing individuals to act in their own self-interest and with freedom to produce and consume. Prices and trade flow naturally as a result of the ongoing interaction of individual influences on supply and demand in the market.

The metaphor of the invisible hand describes how self-interested people behave in a free market economy through a network of interconnectedness. In his books The Theory of Moral Sentiments from 1759 and an Inquiry Into the Nature and Causes of the Wealth of Nations from 1776, Adam Smith introduced the idea.

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On September 1, 2021, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)

Answers

The interest payable at the time period indicated will be $3000.

How to calculate the interest?

From the information given, the interest payable will be:

= Note value × Interest time × Time period

= $100000 × 9% × 4/12

= $100000 × 0.09 × 1/3

= $3000

In conclusion, the interest payable at the time period indicated will be $3000.

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After a prolonged period of high inflation the government of Atlantia decides to set a target of 0% inflation going forward. As the new assistant economic minister, you are tasked with critiquing this policy. Which criticism of the 0% inflation target is best supported by the economic literature

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The best support against a 0% inflation target given by the economic literature is c. A 0% inflation target could lead to deflation.

Why is a 0% inflation target risky?

If 0% inflation is targeted, the policy might be so effective that inflation becomes negative and deflation happens.

When deflation happens, the economy will experience hardships with lower production levels that will impact other sectors of the economy.

Options for this question include:

a. It is undisputed that too little inflation interferes with the downward adjustment of real wages.

b. Moderate to high inflation is popular among consumers.

c. A 0% inflation target could lead to deflation

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The car-related website and media company, Edmunds, provides reviews and ratings of vehicles and is well respected by individuals in the car industry as a neutral source. Consumers appreciate its advice and information and know they can trust Edmunds for non-biased information. In addition to its own website and magazine, Edmunds is using the ________ Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.

Answers

In addition to its own website and magazine, Edmunds used the "​bulletin-board site" Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.

What is bulletin-board site?

Such a website provides a forum for some users to discuss particular subjects. Some talks are only open to a certain group of people, while others are open to everyone.

Some features of bulletin-board site are

A bulletin board, also known as a pinboard, noticeboard, or notice board in British English. It is a surface designed for the posting of public messages, such as those announcing events, offering information, or announcing objects that are sought or for sale.

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An agent lists a property for sale under an Exclusive Right to Sell listing. The agent finds a buyer who makes an offer that is accepted by seller. The agent gets the commission:

Answers

The commission is cut from the buyers cost of the property

Who does copyright law protect the rights of?

Answers

It protects original works so it’s a property law something is made given copyright so it protect your work from being used anywhere else you claimed it

____,while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Multiple choice question.

Answers

The complete statement is "A decrease in the supply of a good, while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Multiple choice question.". This is further explained below.

What is the equilibrium price of the good,?

Generally, the equilibrium price of the good is simply defined as If supply and demand are equal, then the price at which the market clears is the equilibrium price of the commodity or service.

In conclusion, In this case, a downward trend is represented by an upward or leftward shift in the supply curve.

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a decrease in a supply of a good

Is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.

Answers

Information is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.

What is the importance of information?

It should be noted that information simply means the data that has been processed.

In this case, inormation is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.

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The first step of the financial evaluation process for capital budgeting is:

Answers

Identification of an investment option is the  first step of the financial evaluation process for capital budgeting.

What is capital budgeting?

The term capital budgeting has to do with the fact that a business would decide to undertake certain projects that they consider to be very major.

The first step to doing this is to identify a major investment option for the business.

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Geraldo, a construction worker, tends to buy a new gadget if most of his friends have them and only after they've teased him about not having the gadget yet. He relies on reviews from his friends rather than on television or newspaper advertisements to make his purchase decisions. It can be inferred that when it comes to the diffusion of innovation Geraldo belongs to the group of _____.

Answers

It is inferred that Geraldo belongs to the group of late majority as he mostly relies on reviews from his friends rather than advertisements to make his purchase decisions.

What is a late majority group?

In marketing, these people forms the 34% of the population and they always adopt a new product only after the majority does.

Hence, as Geraldo mostly relies on reviews from his friends rather than advertisements to make his purchase decisions, he belongs to the group of the late majority.

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In a system of 100-percent-reserve banking, a. banks do not accept deposits. b. banks can increase the money supply. c. banks do not influence the supply of money. d. loans are the only asset item for banks.

Answers

The correct option is C). banks do not influence the supply of money.

What is 100-percent-reserve banking?

100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.

In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.

This system is also known as full-reserve banking.

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The _____ rate of interest on a bond is the interest rate printed on the bond; the ______ rate of interest is the current rate of interest being paid on investments with similar characteristics. (Enter one word per blank)

Answers

The coupon rate of interest on a bond is the interest rate printed on the bond; the bond rate of interest is the current rate of interest being paid on investments with similar characteristics.

What is coupon rate?

Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value.

What is a bond interest rate?

A bond's interest rate is related to the present indicating interest rates and the perceived risk of the issuer.

Therefore, the correct answers are as given above.

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________ examine the data prepared by ________ and then make recommendations to top management regarding strategies for improving the firm

Answers

Answer:

important difference between accounting and other business functions, such as marketing and management, is that

the recording, classifying summarizing and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions

Although accounting has several specific uses, the overall purpose of accounting can be summarized as

a major purpose of accounting is to help managers make well informed decisions. another is to report financial information about the firm to interested stakeholders, such as employees owners, creditors, suppliers, unions, community activists, investors and the goverment (for tax purposes)

Managers examine the date prepared by accountants and then make recommendations to top management regarding strategy.

What is Top level management?

Top level management refers to the strategic level which includes the board of the directors, managing directors and Chief executive officers.

Managers review the data generated by accountants and then offer to upper management various ways for the company's improvement.

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There is no direct relationship between economies of scale and economies of scope because Part 5 A. economies of scale pertain to one output and economies of scope pertain to more than one output. B. economies of scale pertain to one input and economies of scope pertain to more than one input. C. economies of scale pertain to cost and economies of scope pertain to output. D. economies of scale pertain to more than one input and economies of scope pertain to one input. E. economies of scale pertain to output and economies of scope pertain to input.

Answers

There are no established relationship between the economies of scale and economies of scope because the former pertain to one output and the latter pertain to more than one output.

What is an economies of scale & scope?

An economies of scale means a situation whereby the average costs per unit of output decrease with the increase in output being produced by a firm while the economies of scope means the fact that a production of one good reduces the cost of producing other related good.

However, there is no relation because the former pertain to one output and the latter pertain to more than one output.

Therefore, the Option A is correct.

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real estate competes for ______ in the capital market.

Answers

Real estate competes for fund in the capital market.

What is capital market?

This is a market where long term securities such as shares and stocks are bought and sold.

In a capital market, people can trade in or sell long-term debt or equity-backed securities.

Common capital market securities are:

StocksBondsReal estate investment trusts (REITs).

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The field of accounting that focuses on providing information for external decision makers is:.

Answers

The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.

What is Managerial Accounting?

Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.

In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.

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Notification by the bank that a deposited customer check was returned nsf requires that the company make the following adjusting entry:

Answers

If the bank notifies the company of a deposited customer check that was returned NSF, the company would have to Debit Accounts Receivable and Credit cash.

What happens when a check is returned NSF?

This means that the check did not clear and so the depositor still owes the company the amount they had written on the check.

The company would then have to debit Receivables to show that the person still owes them, and credit cash to show the cash never reported.

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how does tax help to stabilise the prices of products​

Answers

Answer:

An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income).

Hope it helps!

It is an uncommon practice to require employees, contractors, and outsourcers to sign two basic agreements: a confidentiality agreement (also known as a nondisclosure agreement) and an acceptable use agreement. True False

Answers

It is quite common for employees to sign a confidentiality agreement and an acceptable use agreement so this is FALSE.

Why do employees sign NDAs?

Nondisclosure agreements are to ensure that employees do not trade or give out company secrets that make them competitive.

Acceptable use agreements are used to guarantee the rights of employees and management so they are signed. Both documents are common documents that most employees have to sign.

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Economic analysis suggests that countercyclical macro-policy will a. help reduce economic instability if, and only if, we are willing to tolerate double-digit inflation. b. be difficult to time properly because of uncertainty about the future direction of the economy. c. reduce the natural rate of unemployment when macro-policy is persistently expansionary. d. be difficult to implement because we do not know whether monetary policy is transmitted through the interest rate, or whether it affects aggregate demand directly.

Answers

Economic analysis suggests that countercyclical macro-policy will c. reduce the natural rate of unemployment when macro-policy is persistently expansionary.

What is Counter-cyclical fiscal policy?

Counter-cyclical fiscal policy can be regarded as the policy that  government usually used to go against the direction of the economic or business cycle.

Therefore, reduce the natural rate of unemployment when macro-policy is persistently expansionary.

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