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Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
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Which of the following is a cause for erosion of a small firm's focus strategy?
Answer The answer is between one of the following.... Consumer demand grows New firms reconstruct the industry Differences between segments grow larger The focus strategy is imitated
Distiguish between a firm and the industry?
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.
What is market power?
Market power refers to an extent to which a firm can raise the market price of a good or service over its demand, supply or both. Generally, it refers to the amount of influence, which a firm has on the industry in which it operates.
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 are the differences between technical efficiency and economic efficiency?
•Technical efficiency. A firm (or industry) products at lowest point where AC crosses MC.•Allocativeefficiency. P = MC = MR. Satisfaction is represented by demand curve. DD = SS. Equilibrium.
Distinguish between a firm and an industry?
A firm is an entity where as an industry is a group of firms.
What is secondary demand?
It is the demand for specific goods/services of a firm. Due to differentiation of goods in the industry.
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.
Which of the following is a cause for erosion of a small firm's focus strategy?
Answer The answer is between one of the following.... Consumer demand grows New firms reconstruct the industry Differences between segments grow larger The focus strategy is imitated
How can I pass my accounting examination?
Distinction between firm & industry disappears
Distiguish between a firm and the industry?
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.
What are some similarities between a firm and an industry?
It is very important to economy development.
What is market power?
Market power refers to an extent to which a firm can raise the market price of a good or service over its demand, supply or both. Generally, it refers to the amount of influence, which a firm has on the industry in which it operates.
When a firm's marginal revenue is zero what can be said about the elasticity of demand for the output of the firm A. Demand is inelastic. B. Demand is elastic. C. Demand is unit elastic.?
Demand is unit elastic.
What is the difference between individual demands and markets demands?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
What are the differences between technical efficiency and economic efficiency?
•Technical efficiency. A firm (or industry) products at lowest point where AC crosses MC.•Allocativeefficiency. P = MC = MR. Satisfaction is represented by demand curve. DD = SS. Equilibrium.
