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What would a firm most likely use to differentiate its products?
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What is Metlon?
Metlon was a stainless steel coating produced by Wolf International Products BV in Ermelo Nederland. The coating was perfect but, the firm is going down long time ago.
A firm's carbon footprint is?
A firm's carbon footprint is an indication of the firm's environmental impact. The carbon footprint measures the firm's impact on global warming.
Multiple business units owned by a common set of shareholders make up a firm or company and multiple firms that sell similar products to similar customers make up?
Joy =] x
Can a dominant firm wait out the attack of an underdog?
Usually yes... a dominant firm normally has the financial 'clout' to ride out a possible take-over from a smaller firm.
If a firm has the lowest possible degree of operating leverage and the lowest degree of financial leverage what would the DOL and DFL equal?
both are 1
What is one market trend that results when a monopolistically competitive firm starts earning profits well above its costs?
Fierce competition would encourage rivals to create new ways to differentiate their products and lure customers to them.
Why would a firm raise the price of a product after a producer determines that the demand for one of its products is inelastic?
The firm would raise the price because the firm's total revenues would probably increase.
What is the difference between order winners and order qualifiers?
An order Qualifier are the standards by which a firms products are passed as fit for possible purchase by customers. Order winners on the other hand are the standards that differentiate the products or services of one firm from another.
Can a perfectly competitive firm set a price for its products that is above marginal cost?
A perfectly competitive firm would set its prices at a perfectly competitive price.
Is a competitive advantage in a mature industry possible how can a firm differentiate in a mature industry?
Competitive advantage in a mature industry is definitely possible. There are many ways through which a firm can differentiate in a mature industry. Being unique and maintain quality are some of the basic aspects.
Why is the price elasticity of the demand curve of an individual firm in perfect competition is always infinite?
Under perfect competition, the industry is defied as a group of firms producing a homogeneous product. The technical characteristics of the product as well as the services associated with its sale and delivery are identical. Hence there is no way in which a buyer could differentiate among the products of different firms. If the product were differentiated the firm would have some discretion in setting its price. So the firm is a price taker and its demand curve is infinitely elastic.
How do sellers differentiate their products under monopolistic competition?
Sellers offer different, rather than identical, products. Each firm seeks to have monopoly-like power by selling a unique product. Product variation is much more common than having identical products. As a result, monopolistic competition is much more common than perfect competition.
What is the difference between inter-firm and intra-firm in context of distribution reqiurement planning?
Inter-firm distribution is the process of distributing services, information, or products between two or more different firms. Intra-firm distribution is distribution of services, information, or products within one single firm.
What is the meaning of the phrase vertical integration?
Vertical Integration is a firm from business that deals with buying a supplier or a buyer of a firms products. For example if a firm with an oil refinery bought an oilfield, it would be upstream vertical integration - they bought a supplier. If that same firm bought a gas station it would be downstream vertical integration. Buying an unrelated firm is diversification.
Which firm is more likely to have an elastic supply?
A firm making underwear will need a supply of elastic.
Differentiate full-service from a limited service?
A full service law firm specializes in every type of legal work and can virtually handle all of a clients needs, unlike a limited service firm.
Used to predict when a firm will likely experience temporary shortages or surpluses of cash?
It would be a Cash Budget. A Cash Budget is a detailed forecast of future cash flows that helps financial managers identify when their firm is likely to experience temporary shortages or surpluses of cash.
