Herfindahl hirschman - Study guides, Class notes & Summaries

Business-Level Strategy The strategic scope and direction of strategic business units (SBUs). SBUs focus on specific product/service lines while under the umbrella of corporate direction. Corporate-Level Strategy The overall strategic scope and direction of a corporation. The primary function of corporate-level strategy is to allocate capital funds to SBUs and decide which businesses to enter or exit. Emergent-Strategy a pattern of actions that develop over time and become an or...

Purpose of Administrative Law It regulates the many areas of our government, community, and businesses Two Types of Administrative Agencies Executive Agencies and Independent Regulatory Agencies Executive Agencies Consist of the cabinet departments of the executive branch, which assist the president in carrying out executive functions, and the subagencies within the cabinet departments. Independent Regulatory Agencies Located outside the federal executive departments (th...

Does the proprietor of a grocery store who owns the building in which his business is located have lower costs than a grocery store proprietor who must pay rent for the building in which his store is located? - Correct answer-No If a professor gives up her job to open a shoe store, which of the following costs would an accountant tend to ignore? - Correct answer-Implicit Costs A necessary condition for "perfect competition" is - Correct answer-1. Large Numbers 2. Undfiffentiated Product ...

Acquisition <<Ans>> The purchase (or merger) of an existing organization broad differentiation strategy <<Ans>> type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy <<Ans>> type of strategy aimed at providing low-cost products to a broad customer segment Business model <<Ans>> the underlying structure of a...

Acquisition <<Ans>> The purchase (or merger) of an existing organization broad differentiation strategy <<Ans>> type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy <<Ans>> type of strategy aimed at providing low-cost products to a broad customer segment Business model <<Ans>> the underlying structure of a...

Business-Level Strategy - ANSWER The strategic scope and direction of strategic business units (SBUs). SBUs focus on specific product/service lines while under the umbrella of corporate direction. Corporate-Level Strategy - ANSWER The overall strategic scope and direction of a corporation. The primary function of corporate-level strategy is to allocate capital funds to SBUs and decide which businesses to enter or exit. Emergent-Strategy - ANSWER a pattern of actions that develop over time ...

ECON 1580 GRADED QUIZ AND FINAL EXAMS ANSWERS AVAILABE Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text According to the textbook, economics is a: Select one: a. social science. b. study of business decisions, not social decisions. c. part of operations and management science. d. part of humanities. Feedback The correct answer is: social science. Question 2 Correct Mark 1.00 out of 1.00 Flag question Question text A/an does not pose the problem of scarci...

Characteristic of a pure monopoly - -barriers to entry -Example of a monopoly - -the local water company -In which market structure do firms exist in very large numbers, each firm produces an identical product, and there is freedom of entry and exit? - -Only perfect competition -Best example of a perfectly competitive market - -Farming -The Herfindahl-Hirschman Index for a monopoly is - -10,000 -The HHI is definitely larger in a _________ market than in a _________ market - -monop...

Detailed notes on chapter 12 of interactive TopHat course textbook, written by class instructor.

Acquisition <<Ans>> The purchase (or merger) of an existing organization broad differentiation strategy <<Ans>> type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy <<Ans>> type of strategy aimed at providing low-cost products to a broad customer segment Business model <<Ans>> the underlying structure of an organization; t...