Fred must have licensure in order to work as a Barber in New York State. When Fred proves that he has the training and skills needed to be a Barber, who provides the licensure?

An oligopoly is a market in which a the actions of one seller in the market have no impact on the other sellers' profits. b firms are price takers.

There are 10 firms in an industry, and each firm has a market share of 10 percent. the industry's herfindahl index is

Which of the following statements is TRUE of employee empowerment? Question 11 options: Jobs must be designed to give employees the necessary latitude for making a variety of decisions.

The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 10.

What do economists mean when they say firms are searching for a new equilibrium?

Personal Selling is: a. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision. b.

Potanta is a company that manufactures herbal soaps. Over the years, the availability of aloe vera pulp, which is the keyingredient of the company's best-selling aloe vera soaps, has reduced.

An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?

A trigger strategy is a strategy that: A. is not relevant to oligopolies. B. determines when to enter an industry. C. depends on an opponent's past decisions. D. tells a business to leave the industry because the price is below the AVC.

What is the effect on the supply curve for skateboards if the government implements a tax on the manufacturing process?