Answer: Planning, organizing, leading and controlling.
Explanation: Planning refers to setting of objectives and goals. Organizing focuses on collection of resources to attain those objectives. Leading refers to persuading the employees to work on plan. Whereas, controlling refers to taking actions for effective implementation of the plan made.
Together these four terms are described as functions of management which helps an organization to achieve its goals.
Answer:
planning, organizing, leading and controlling
Explanation:
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b. The firm screens out opportunities using criteria that are different from those used by other firms.
c. The firm aims its efforts at a target market that is different from a target market that a competitor would find attractive.
d. The firm uses its resources in a way that is different from the way competitors use their resources.
e. The firm changes to a different set of operational decisions when its marketing strategy is not going well.
Answer:
Option d "Directive" is the correct alternative.
Explanation:
All other alternatives aren't connected to the scenario. So the above is the right approach.
will result in equilibrium price
will maximize profits
will cause shortage of goods
The price and quantity chosen by Jerry will likely maximize profits, as he has no competitors to worry about and can set prices at the level that maximizes revenue. Therefore, option A is correct.
Monopoly is a market structure in which a single company or entity has exclusive control over the production and distribution of a particular product or service, with no close substitutes. This means that the monopolist has significant market power and is able to set prices higher than the competitive level, resulting in higher profits.
Based on the fact that Jerry's Phone Service is a monopoly, it is possible to conclude that:
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A monopoly is a market structure where one seller has a unique product that is on the market. There is no competition and there are no perfect substitutes from the product. The seller holds all of the power in pricing the item due to no competition. Based on the definition the price and quantity chosen by Jerry will efficiently use all of the resources.
Answer:
Debit cash $420
credit unearned revenue $420
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