What is the principal advantage of the corporate form of business organization? Discuss the importance of this advantage to the owner of a small family restaurant. Discuss the importance of this advantage to a wealthy entrepreneur who owns several businesses.

Q: What is the role of economies of scale to determine the success of a firm in managing forces of…

A: Competition: It refers to a situation that exists in a market where there is a number of firms that…

Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

A: Answer-

Q: Entrepreneurial, machine bureaucracy, and adhocracy are examples of: Organizational goals O…

A: Organizational goals are the goals that an organization wants to achieve. The organization's…

Q: You are to the one to come up with the strategies , policies and regulations for your organization .…

A: Policies and regulations of organisations are the key role for the organisation which shape the size…

Q: Your aunt gives piano lessons for $25 per hour. She also can grow tomatoes, which she can arrange…

A: The opportunity cost is the sacrifice of benefit that is received from the next best alternative…

Q: Explain why clear understanding of the environment within which it operates is important for…

A: Business: The organization or an individual engaged in commercial activities with the aim of earning…

Q: The table below represents a firm's profit for producing and selling candles.  Assume that if a firm…

A: Total revenue is price multiplied by quantity. Marginal revenue is change in total revenue with…

Q: Description   Given the following graph, please label the curves where asked and answer the…

A: Here ,we have to find profit - maximizing level of output.

Q: How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller…

A: Firms earn revenue with the help of the sale of the products that it produces. On the other hand, it…

Q: Define and discuss free enterprise and define and discuss profit motive?

A: Free enterprises are also known as free markets.

Q: HARRY: We should examine whether our company’s productivity—gallons of potion per worker—would rise…

A: To find out if the company's production has increased, equating its marginal revenue with its…

Q: What were the the main influences on organizational structure during the 20th century? Describe one…

A: Main influences on organizational structure during the 20th century are 1.Modernisation…

Q: According to Theodore Levitt, in terms of an organization's business, railroads lost market share in…

A: Theodore Levitt criticised the management of American railroads in 20th century.

Q: POLICY PERSPECTIVES Adam Smith in The Wealth of Nations asserted that the pursuit of self-interest…

A: The term self interest can be easily defined as the personal gain one tries to get. It is basically…

Q: The performing arts industry in Australia can be divided into commercial and non- commercial…

A: The performing arts industry includes creative arts such as music, dance, theater, that individuals…

Q: 22. The United Kingdom is made up of several smaller countries that used to be independent. The…

A: Comparative advantage in when a nation is able to produce a good or a service at a lower opportunity…

Q: In a market that allows free entry and exit, when does the process of entry and exit end for the…

A: New firms enter the market when existing firms are making a positive economic profit in the short…

Q: Take a practical example to describe a form of market structure. Draw illustrations if needed.

A: Market Structure refers to different categories in which industries are classified based on the…

Q: We know that environment has an obvious impact on business. Illustrate the impact of the…

A: The socioeconomic environment is described as the social impacts that are inserted on health in the…

Q: INSTRUCTION: Give one example of a technopreneur, describe his/her business, and then explain what…

A: According to their areas of interest, different sorts of entrepreneurs operate their firms in…

Q: Independent University, Bangladesh ECN-201: Principles of Microeconomics Spring 2021 Final…

A: Quantity Demanded Total Cost Marginal Cost Quantity Demanded Price Total Revenue Marginal Revenue…

Q: Reed, Isaiah, Nia, and Taylor are all lawyers. After several years of working for big firms, they…

A: A business organization is an entity aimed at carrying on commercial enterprise by providing goods…

Q: What type of market structure does the firm participates and how did you decide this?

A: Marginal cost = Change in total cost / Change in quantity of output Marginal revenue = Change in…

Q: 22. The United Kingdom is made up of several smaller countries that used to be independent. The…

A: A production possibilities frontier is a graphical illustration showing various points or amounts of…

Q: How do the reward system and organization cultureaffect innovation in organizations?

A: Innovative organizations appear to have cultures which are closely related. They promote creative…

Q: Langton, Robbins, & Judge describe four artifacts of an organization’s culture that can be used to…

A: Answer in step 2

Q: Describe the significance of the six entrepreneurial competencies

A: Entrepreneurial competencies Entrepreneurial competencies are the key qualities a person who is an…

Q: Shen is a 70-year-old professor. He teaches only one or two courses a year, but he's still pursuing…

A:

Q: In 2019 Toni taught music and earned $30,000. Question Facts On January 1, 2020, she quit teaching…

A: Explicit cost can be defined as the cost of the factor of production which is purchased from the…

Q: 35. Market Model: There are dozens of pasta producers that sell pasta to hundreds of Italian…

A: A market is a place where the buyers and sellers interact and determine the price of a commodity.…

Q: Illustrate the relationship between entrepreneurship and consumerism.

A: Consumerism is the theory of protection of consumers. Entrepreneurship is the act of setting up…

Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

A: Accounting profit is profit after reducing the explicit cost from total revenue , it is also known…

Q: You have been commissioned to identify a new B2B business model. Write a report explaining how your…

A: My B2B business model would be customer based business model My primary objective would be to…

Q: Economics 6. Karl Marx and Marxian Economics d. The history of capitalism shows a pattern of…

A: There are 8 laws of capitalist motion given by karl Marx.

Q: Correctly identify the Major Claim, Major Data, and Warrant for the following argument. On April 3,…

A: In business abd economics, deductive reasoning refers to the way to reach to ta specfiic conclusion…

Q: Do you think the computer software industry (or other similar industries in gaming, cell phones,…

A: The computer software industry (or other similar industries in gaming, cell phone etc.) is likely to…

Q: 5. Microeconomics and macroeconomics Determine whether each of the following topics is more likely…

A: The effect of the government tax policy on term economic growth - Macroeconomics  The effect of…

Q: You own a company that produces widgets. You currently produce 100 widgets; each widget sells for…

A: Macroeconomics and microeconomics are important part of country mechanism. Aggregate demand and…

Q: In his treatise, Wealth of Nations, Adam Smith wrote about that guided individuals to seek profit…

A: Correct : ''the invisible hand''

Q: How can organizational context influence the decisions made by organizational members?

A: The term organizational context refers to the context of the organization which includes :- how big…

Q: Carlos is a 74-year-old professor. He teaches only one or two courses a year, but he's still…

A: Discouraged workers are those who are in search of jobs but after unsuccessful searches have given…

Q: Describe an interaction in the business world that can be described as each of the following. Note…

A: Since you have asked multiple questions, we will solve the first two for you. If you want any…

Q: In a short essay, explain the competitive advantage strategies of Michael Porter (cost leadership,…

A: Competitive advantage refers to factors that permit an organization to provide merchandise or…

Q: In at least two paragraphs, tell the class what you've learned in Business 101  and how this will…

A: Making a living or earning money via the production, purchase, and sale of items is known as…

Q: Fred currently works for a corporate law firm. He is considering opening his own legal practice,…

A: The profitability of a project is calculated by comparing its cost and it's expected earning. If the…