Pure Competition ANSWERS TO END-OF-CHAPTER QUESTIONS 21-1 Briefly state the basic characteristics of pure competition‚ pure monopoly‚ monopolistic competition‚ and oligopoly. Under which of these market classifications does each of the following most accurately fit? (a) a supermarket in your hometown; (b) the steel industry; (c) a Kansas wheat farm; (d) the commercial bank in which you or your family has an account; (e) the automobile industry. In each case justify your classification. Pure competition:
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Thyme Uses: Rub chopped leaves (fresh or dried) into beef‚ lamb‚ veal‚ or pork before roasting. Sprinkle over eggs‚ cheese dishes‚ vegetables‚ fish‚ or poultry. Add to soups‚ stews‚ stuffings‚ and rice. Brew into tea with a little rosemary and mint. Tarragon Uses: Chop the anise-flavored leaves for use in soups‚ salads‚ egg dishes‚ stews‚ and soft cheeses. Excellent with lamb. Serve in melted butter with fish‚ steak‚ or vegetables. Constituent of tartar sauce and many chutneys. Makes good
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Today is my birthday and I’m on holiday with my parents. We had been on the plane for three hours‚ then we had been on what seemed to be the longest journey ever‚ to the ski-resort in the French Alps. As I went downstairs to breakfast‚ I looked out of the windows and saw the mountains beaming at me. I felt the butterflies fluttering in my stomach. Mum and Dad were already eating breakfast‚ Mum had orange juice‚ apparently she’s on another diet. "Happy Birthday Anna" they cheered in unison. I had
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SWOT Analysis Strengths: Excluding independently owned and operated locations; Sears Domestic owns 61% of its stores. Sears owns a number of trademarks and brand names with which consumers are familiar. A one-stop shop for everything ( from clothing to tools and appliances) Weakness: The condition of many stores‚ leading to a poor shopping experience. Profitability is suffering‚ gross margin is lower Management- Employee staffing and training is not successful. Need room for improvement
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Question 1: SWOT analysis for Cirque du Soleil Strength: Unique product: shows communicate through style and tone that they are intended to do more than just amuse. Cirque design its own makeup and its high quality circus arts. Shows attract high audiences; Creative employees make innovation on special waterproof makeup for the production of O; Diversity: performers recruited from all over the world; High profit and cost advantage: Cirques spend little when they open and return with high
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is true that the importance of each category of factors will always vary from business to business and from company to company‚ but nonetheless PESTLE remains a mandatory analysis technique that is usually a part of the larger and more comprehensive SWOT analysis. PESTLE helps a company determine exactly how various types and categories of factors influence its ‘well-being’. As aforementioned‚ the same factors will influence different companies in different ways. For instance‚ an online business
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Puerto Galera is a soothing vision of shimmering seas surrounded by lush mountains. It is considered one of the most beautiful and developed beach resort community in the country. Starting from "backyard tourism" wherein local residents accept local and foreign tourist as stay-in guest‚ the island’s tourism has flourished. In the course of time‚ several hotels‚ resorts‚ inns and restaurants have mushroomed within the area. How to get there? * By Private Charter The favorite mode of transport
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CASE WRITE-UP FORMAT 1. Executive summary in memo format MEMORANDUM TO: (The Instructor) FROM: (The student) DATE: (Due Date) RE: (Case Name) Paragraph 1 – Overview‚ background of the company and industry Paragraph 2 – Overview of internal analysis (should be the same as opening paragraph of internal section. Start with the IFEM score and interpretation and include all major factors and any minor ones of particular significance) Summary-no explanations Paragraph 3 – Overview
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Directions: Read the article‚ “A Summary of Health Outcomes: Multistate Foodborne Disease Outbreaks in the U.S.‚ 1998-2007‚” and answer the questions below. • Answers must be complete sentences. • The assignment must be typed and submitted on Tuesday‚ February 19th prior to the exam. 1. What is a multistate FBDO? Multistate FBDO is a outbreaks that either spread to other states or originate from the same vector in multiple states at the same time.
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AMAZON.COM ANALYSIS: STRENGTHS‚ WEAKNESSES‚ OPPORTUNITIES AND THREATS SWOT‚ which stands for Strengths‚ Weaknesses‚ Opportunities and Threats‚ is a way to analyze and evaluate the current situation. The principal reason of this analysis is to help identifying the most beneficial targets and strategies to pursue right now‚ based on the current situation as well as identifying strategies that will help preparing the future. Over the next section this paper will consider the main points in this case
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