Which of the following statements about small-medium enterprises (SMEs) in the UK is incorrect? A There are in the region of 6 million SMEs in UK B Construction is the industry with highest SME employment in UK C SMEs account over 50% of turnover in UK D SMEs account for over 60% of employment in UK

Which of the following statements about small-medium enterprises (SMEs) in the UK is incorrect? A There are in the region of 6 million SMEs in UK B Construction is the industry with highest SME employment in UK C SMEs account over 50% of turnover in UK D SMEs account for over 60% of employment in UK

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 7.2IP

See similar textbooks

Similar questions

THE Samsung Electronics factory in Thai Nguyen, in northern Vietnam, employs more than 60,000 people. Its three canteens serve some 13 tonnes of rice a day. It churns out more mobile phones than any other facility in the world. It and Samsung Electronics’ other factories in Vietnam produce almost a third of the firm’s global output. The company has invested a cumulative $17bn in the country. But Samsung is as important to Vietnam as Vietnam is to it. Its local subsidiary’s $58bn in revenue last year made it the biggest company in Vietnam, pipping PetroVietnam, the state oil company. It employs more than 100,000 people. It has helped to make Vietnam the second-biggest exporter of smartphones in the world, after China. Samsung alone accounted for almost a quarter of Vietnam’s total exports of $214bn last year. All this has been a huge boon to Vietnam’s economy. Despite unflattering reports about working conditions in Samsung’s factories, Thai Nguyen and another nearby province that hosts…
`Question: Feng is the owner of a small business. When Feng has worked hard (an) during the year, net income before manager compensation has been $1,600 for 60 percent of the time and $400 for 40 percent of the time. More recently, Feng has been ill and has had to shirk (az). Net income has been $1,600 only 30 percent of the time and $400 for 70 percent of the time. Feng realizes that he must hire a manager for one year while he devotes full time to his recovery. Feng is risk-neutral, with utility equal to the amount of net income for the year after manager compensation. Feng is negotiating with Shui for the manager job. He ascertains that Shui is risk-averse, with utility equal to the square root of the dollar compensation received. Shui is willing to work for Feng providing she receives expected utility of at least 6. Shui advises Feng that she is effort-averse, with disutility of effort of 3 if she works hard, and 2 if she does not work hard. Required a. Feng suggests a salary of…
Wells Fargo was the darling of the US banking industry, with some of the highest returns on shareholders’ equity and increasing stock prices. Top management applauded the company’s lead in “cross-selling”, or the sale of additional products to existing customers. “Eight is great”, which means eight Wells Fargo products for every customer, was the CEO John Stumpf’s favorite saying. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized customer accounts. It soon came to light that the pressure on employees to hit sales targets was too intense with hourly tracking, pressure from supervisors to engage in unethical behavior and a compensation system based heavily on bonuses. Wells Fargo also confirmed that it had fired over 5,300 employees over the past few years related to unethical sales practices. CEO John Stumpf claimed that the scandal was the result of a few bad employees who did not honor the company’s values…
7.18 You are the chief learning officer for your organization and are tasked with evaluating a recent training program. What is the easiest way to accomplish this task? O Measure the return on investment. O Assess the transfer of learned skills to the job. O Test participants' knowledge and skills before and after the program OAssess participants' reactions to it.
John Deere, an American agricultural machinery company based in Illinois, has hired you as a business strategy consultant. Until 2010, John Deere was considered the leader in farming machinery in the US. Over the last ten years, their domestic sales have dropped due to lower-cost and lower-quality foreign competition. At the same time, manufacturing costs have increased substantially. Consider the following questions: In the US, 85% of farms are small, family-run businesses, while the remaining 15% are large agri- businesses. Domestic sales for John Deere are down by 40% over the last five years. Much of this loss is due to two factors. First, US trade tariffs against foreign countries, particularly China and the EU, resulted in retaliation in farming sector, meaning that US crop exports are down by 65%. Second, foreign-competitor pricing for similar machinery is 30% lower than John Deere pricing. Discuss your strategy recommendations for recapturing John Deere’s domestic sales over…
QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)
What is a difference between technology businesses and other small businesses? Question 6 options: Technology businesses never start in garages, basements, kitchens, or dorm rooms, while some other types of small businesses can start in these places. Technology businesses have lower initial startup costs than other small businesses. Technology businesses require greater capital and have higher initial startup costs than other small businesses. Technology businesses are the only type of small business that uses technology. Technology businesses are less innovative than other small businesses.
A4 can you tell me the conclusion- trends(the pros and cons, the changes throughtout the years increasing and decreasing) in the production of sunflower/sunflower oil, rubber, coffee, sugar cane, potatoes, and grape/vineyards
Tesla Many analysts cite Tesla as the most innovative car company to enter the automobile industry in recent history. The company was founded in 2003 with the vision of being an independent automaker that would build affordable electric cars. Over the next 17 years, it produced five different car models and continues to introduce concepts for additional vehicles. It has also expanded into home battery and solar panel products. In the first half of 2020, 81% of electric vehicles sold were Teslas, and its affordable sedan, the Model 3, is the all-time bestselling electric vehicle ever. Tesla’s cars helped create a new market for electric vehicles. In addition, its cars have technological components that have advanced safety throughout the automobile industry. Its cars can come with self-driving capabilities and advanced safety warnings. Parts of these technologies have been adopted by other car makers. 1.Think about the automobile industry. Explain what type of market it is by answering…
Top 4 largest firms in the industry produces 750,000 unit while the total production of the Industry is 1,250,000 unit. Calculate CR4
Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $4.50 million in a plastic injection molding machine (which can be sold for $4 million immediately) and $100,000 in plastic injection molds specifically for the toy (not valuable to anyone else). The cost of labor and materials necessary to make each truck runs about $3. This year, a competitor has developed a similar toy, significantly reducing demand for the toy truck. Now, the original manufacturer is deciding whether it should continue production of the toy truck. If the estimated demand is 200,000 trucks, the break-even price is _____ per truck.
how do i answer 1.5 . it seems like something is missing for me to do the equation