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A firm generally thought of as one company. An industry is a generalization for the type of business in which a company engages. For example, General Motors is a company that builds cars. Automobile manufacturing is the industry.
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Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
The representative firm in a purely competitive industry?
will
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.
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. How would you describe this industry?
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. How would you describe this industry?
Distinguish between a firm and an industry?
A firm is an entity where as an industry is a group of firms.
What is the difference between firm and industry?
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
Difference between firm and industry?
a firm is a business unit that operates under a single management. while industry is a group of firm that produce similar products for the same market.
Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
How can I pass my accounting examination?
Distinction between firm & industry disappears
What are some similarities between a firm and an industry?
It is very important to economy development.
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where -?
perfectly competitive industry become a monopoly， what changes
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
What is the difference between core competencies and distinctive competencies?
core competency is a competitively important factor that a firm better than any other factor..where as distinct competency means an internal factor(it can be company core competency) which differentiate a firm from firm in the same industry or other industry..
The representative firm in a purely competitive industry?
will
What are different types of trade?
a) Intra-Industry Trade, b) Inter-Industry Trade, c) Intra-firm Trade, d) Inter-firm Trade
What is firm and what is industry?
firm is a single unit which sells goods and services to the public.Idustry is a group of firms
