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- which of the fallowing is the most accurate statement about the impact of business on society? A)When busiensses earn a profit for their owners, they usually do so at the expense of the rest of society, which proves it is never a win win situation. b) while businesses often improve the standard of living within a society, they can do little to improve the quality of life. c) businesses often improve the qaulity of life but can do little to improve the standard of living of most people due to inflation. d) businesses can have a positive impact on both the standard of living and quality of life within a society.Please bullet point reasons why and why not patents can set innovation back rather than induce it?How does the company set its goods or services apartfrom those of its competitors? Does the company compete on price, quality, service, innovation, or some otherattribute?
- Would Yolanda Diaz have been as successful if she hadstarted her company right out of college, rather than waiting until she’d had a decade of corporate experience? Whyor why not?How to enterpret a business with 1:1 ratio and the one with 0,23:1 ratio?Intellectual property laws are intended to promoteinnovation, but some economists, such as MiltonFriedman, have argued that such laws are not desirable.In the United States, there is no intellectual propertyprotection for food recipes or for fashion designs.Considering the state of these two industries, andbearing in mind the discussion of the inefficiency ofmonopolies, can you think of any reasons whyintellectual property laws might hinder innovation insome cases?
- Let’s assume that in California a corporation that produces electricity controls the market where its electricity is purchased and sold, then it would most probably Group of answer choices have legal protection to prevent copying its methods of production for commercial use. cut production, raise prices and realize positive economic profits. have a patent giving it exclusive legal rights to make, use, and sell for a limited time. export its product to other countries.Describe what the role of government is in market vis-à-vis firms in the market.Each time a song is played on the radio, the record company and the songwriter are paid a royalty of $0.30.Of the total, 75% goes to the company and the rest to the writer. If on a network of 50 radio stations, a certainsong is played 4 times a day during the first week and then 20 times a day for the next three weeks, how muchdoes the network owe in royalties for the four weeks? How much do the record company and the songwriterreceive each
- Why might intangible resources like humancapital and intellectual assets be a more likelysource of sustainable competitive advantagethan tangible resources?Suppose that you decide to play a game. You buy stockby throwing a dice a few times, using that method toselect which stock to buy. After ten months you calculate the return on your investment and the return earned bysomeone who followed “expert” advice during the sameperiod. If both returns are similar, would this constitute evidence in favor of or against the efficient markethypothesis?What is an example of how Modern Shed's structure enables fast response to rapidly changing market opportunities?