when expanding in a new venture, the only new component should be __________. select one: a. a new country b. a new market c. a new product d. new paradigm
When venturing into new territory, it's important to focus on one new product at a time. So, The correct answer is option C.
n order to successfully expand and mitigate risk, the only new component that should be introduced is a new product.
Introducing a new product can bring many benefits to a business, including increased revenue, greater market share, and the opportunity to attract new customers. Additionally, introducing a new product in a familiar market allows the business to build on its existing strengths, such as its distribution network, customer base, and brand recognition.
To read more about venture., Visit-
https://brainly.com/question/29979655
#SPJ11
The difference between the maximum price consumers are willing and able to pay for a good or service and the price they actually pay. Consumer surplus is also known as the wealth that trade creates for consumers in a market and is measured in dollars. It is the area below the demand curve and above the equilibrium price.
The difference between the maximum price consumers are willing and able to pay for a good or service and the price they actually pay is known as Consumer surplus.
The price ceiling is lower than the market equilibrium price, which creates a gap between the quantity supplied and the quantity demanded. The size of the shortage will depend on the difference between the quantity supplied and the quantity demanded at the price ceiling of $10.The increase in production cost results in a lower quantity supplied at each price, causing the supply curve to shift to the left. This leads to a higher equilibrium price and a lower equilibrium quantity as the market adjusts to balance the supply and demand.
Learn more about law of demand: brainly.com/question/10782448
#SPJ4
the primary function(s) of financial accounting is (are) to:
The primary function(s) of financial accounting is (are) to: Measurement and presentation of financial performance
The measurement and presentation of financial performance are the two main purposes of financial accounting. The measuring function is carried out in accordance with IFRS and US GAAP accounting principles. The preparation of financial statements like the income statement and cash flow statement is within the presentation function.Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.Financial Accounting is the process of recording, summarizing and reporting transactions and revenue-expense generations in a time period. For example, investors or sponsors need to verify an account statement before showing interest in associating with the business.
To learn more on financial accounting, visit;
https://brainly.com/question/13169279
#SPJ4
COVID-19 and the resulting shutdowns and mask mandates had dramatic impacts on most businesses, resulting in contractions of many but expansion for others. The pandemic and related restrictions would be considered Mutipie Choice a. a maket effect b. social responsibint. c. tene volve of money.
d. an emvironthemail torce e. tive intangitio ecwironment
The COVID-19 pandemic and related restrictions would be considered a social responsibility. Option b.
The COVID-19 pandemic and related restrictions can be seen as a social responsibility for governments and organizations. It is their responsibility to ensure that these restrictions are implemented in a way that is fair, equitable, and financially viable for all citizens, while still maintaining the health and safety of all citizens. Hence, option B is correct.
The COVID-19 pandemic has brought new challenges to our society, and the restrictions put in place to protect public health are a social responsibility. In a time where physical contact and social gatherings must be limited, it is up to us to take the necessary steps to ensure the safety and well-being of our community.
To learn more about pandemic, click here:
https://brainly.com/question/15298434
#SPJ4
a primary purpose of adjusting entries is to record events that
The main purposes of adjusting entries are to: Correct errors in accounting records. Record external transactions and events. Record internal transactions and events.
The definition of Adjusting Journal is an accounting journal that is used to make adjustments to account balances or certain transaction items so that they are in accordance with the actual situation in the process of preparing financial statements. Example of an adjustment journal for merchandise inventory and office supplies. Adjusting journals (adjusting entries) are used by trading, service, manufacturing companies and other entities, including foundations, schools, NGOs/NGOs, zakat management institutions (LAZ/BAZ), which are made at the end of each accounting period before the general ledger closing process.
You can learn more about Adjusting Journal here brainly.com/question/29341440
#SPJ4
forty percent of employers find it difficult to recruit employees who are adept at critical thinking, communication, and constant adaptability—skills that are critical to future business success. which of these 3 qualities represent an area of development for you and why? what steps are you currently taking or plan to take to develop in this area?
Impressing a potential employer is always made easier by having strong critical thinking abilities. If you possess the critical thinking abilities that will provide potential employers a competitive edge, they want to hear about it.
Critical thinking is a technique that allows for unforeseen variables, which means it is flexible enough to allow for alterations to the plan that will guarantee unsuccessful results.
For work success, critical thinking is a crucial ability to master since it helps you be a master problem solver.
You can identify the source of the difficulty you are now facing by using critical thinking.
Knowing the cause would enable you to create the most effective remedy to address the issue.
In all sectors of expertise, this kind of competence is always highly valued.
For such more question on critical thinking
https://brainly.com/question/3021226
#SPJ4
presenting fixed costs on an average per unit basis makes them look like they are variable costs. True/False
The statement ''presenting fixed costs on an average per unit basis makes them look like they are variable costs'' is false.
Fixed costs do not vary with the number of units produced or sold. They remain the same regardless of production levels. Presenting fixed costs on an average per unit basis does not make them look like variable costs.
It helps to understand the per unit contribution margin and the cost structure of the company. Presenting fixed costs on a per-unit basis helps to identify how much of the fixed cost is associated with each unit produced.
This information can be used to determine pricing strategies, volume-based discounts, and other cost-saving measures. By understanding the per unit cost structure, businesses can make informed decisions to increase profitability.
For more questions like Variable costs click the link below:
https://brainly.com/question/14319471
#SPJ4
What is the process of a lender taking back a product when the borrower stops making payments?
The answer is, Repossession occurs when a lender seizes your vehicle as a result of your default on the loan the vehicle is used to secure.
What does automobile repossession mean?The loan company has the right to repossess your vehicle if you fall behind on your payments or don't have auto insurance. This is referred to as a vehicle repossession. If your car is repossessed, you must move fast to recover it.
What is the official term for a repossession?Repossession is the act of a creditor, or an agent hired by a creditor, taking possession of a debtor's property that has been pledged as a security interest or collateral. When the debtor is in default and owes the creditor money, this occurs.
To know more about Repossession visit:
https://brainly.com/question/14928487
#SPJ4
mallory loves her job. she sells complementary products of several producers in assigned territories and is compensated through commissions. mallory is highly effective at selling these products and is able to earn a high income from commissions. the best part is she never actually owns the products she sells. she acts more as a salesperson. mallory is most likely a(n) .
She resembles a salesperson more often. Mallory most likely works as a manufacturer's agent.
Which advantages do manufacturers' agents provide?Manufacturers' agents, who consistently represent the complementary lines of two or more manufacturers, are usually compensated by commission. They frequently only transport a percentage of the goods produced by a manufacturer, sometimes in places where the company cannot afford to hire full-time salespeople.
Manufacturers' agents often represent a variety of unique companies that offer complementary, non-competitive products to the same sector. This tactic decreases the cost of sales by spreading the agent's expenses among the different things that he or she represents.
Customers think it is easier to speak with an objective representative when problems arise. Ensure local market continuity for the manufacturer and end user/customer through business and succession planning.
Learn more about manufacturer's agent: https://brainly.com/question/15052146
#SPJ4
How do you short options on Investopedia simulator?
The Trading screen will appear as usual when you click the Trade Stock link. the following transactional details, as displayed: You can see that we want to short sell 100 Microsoft shares at the current market price.
What is an example of a transaction?
A transaction is a business event that has a monetary impact on a company's financial statements and is recorded as an entry in that company's accounting records. A high-volume transaction, such as a customer bill, may be entered in a specialised journal before being compiled and posted to the general ledger. On the other hand, lower volume transactions are sent straight to the general ledger.
Know more about current Visit:
https://brainly.com/question/13076734
#SPJ4
With regard to tax purposes, which type of depreciation methods do organizations prefer and why?
One popular method for tax purposes is the Modified Accelerated Cost Recovery System (MACRS). This method allows organizations to take larger deductions in the early years of an asset's life and smaller deductions in the later years. This can result in lower tax liability in the early years, when a company is typically more profitable.
When it comes to tax purposes, the method of depreciation that organizations prefer can have a significant impact on their tax liability.
Depreciation is an accounting method used to allocate the cost of a long-term asset over its useful life, and there are several different methods that organizations can choose from.
Another method that is often preferred for tax purposes is the Straight-Line Depreciation method. This method involves taking an equal deduction for the cost of an asset each year over its useful life.
While this method doesn't provide the larger deductions in the early years that the MACRS method does, it is a simpler method to use and is often favored for tax purposes because it provides a more stable and predictable tax liability.
To learn more about Depreciation refer here
https://brainly.com/question/15085226#
#SPJ11
nterest rates are 2% in japan and 4% in the united states. the current exchange rate is 120 yen per dollar. what is the expected exchange rate in the next period (yen per dollar)?
Lenders in an economy can get a larger return compared to other nations when interest rates are higher. Since foreign capital is drawn to higher interest rates, the exchange rate increases.
What is Exchange Rate?We should first make a rough diagram of how exchange rate changes impact a country's trading links with other countries before we look at these forces. A country's exports are more expensive in foreign markets and its imports are less expensive when its currency is valued higher. A nation's imports are more expensive and its exports are less expensive in international markets when its currency is depreciated. The balance of trade of a nation is predicted to get worse with a higher exchange rate and get better with a lower one.Exchange rates are influenced by many different things. The trading ties between the two nations are a major element in many of these variables. It's important to keep in mind that exchange rates are relative and are calculated by comparing the currencies of two different nations. The main factors that affect the exchange rate between two countries are as follows. You should be aware that these variables are not listed in any particular order, and that there is considerable disagreement over their relative relevance in the field of economics as a whole.To Learn more About exchange rate Refer TO:
https://brainly.com/question/2202418
#SPJ4
at bling clothing, the managers and employees regularly interact with each other. they carry out negotiations to ensure that the goals of the organization and the goals of the employees are met. this approach is an instance of .
The approach followed by Bling Clothing exemplifies management by objectives.
What is management by objectives?
A manager and employee agree on precise performance goals, and then a strategy is created to help them be achieved. This approach is known as management by objectives (MBO). It is intended to improve employee engagement and commitment while bringing organizational goals into alignment. Five steps are involved: Define goals, communicate them to staff, invite participation, track progress, and then assess performance and recognize accomplishments. MBO is criticized for encouraging employees to use any means required to accomplish their goals, frequently at the expense of the organization.
To learn more about management by objectives visit;
https://brainly.com/question/28144882
#SPJ4
Robin Briggs, a wealthy private investor, had been approached by Union Finance Company on the previous day. It seemed that Union Finance was interested in loaning money to one of its larger clients, but the client’s demands were such that Union could not manage the whole thing. Specifically, the client wanted to obtain a loan for $385,000, offering to repay Union Finance $100,000 per year over 7 years. Union Finance made Briggs the following proposition. Since it was bringing Briggs business, its directors argued, they felt that it was only fair for Briggs to put up a proportionately larger share of the money. If Briggs would put up 60% of the money ($231,000), then Union would put up the remaining 40% ($154,000). They would split the payments evenly, each getting $50,000 at the end of each year for the next 7 years.
Union Finance can usually earn 18% on its money. Using this interest rate, what is the net present value of the client’s original offer to Union?
Net present value, according to Knight, is the present value of the cash flows at the project's needed rate of return relative to your initial investment.
In real life, it's a way to figure out your return on investment (ROI) for a project or expense.
When the NPV is positive, what does it mean?A project's or investment's estimated earnings, discounted for their present value, must exceed its anticipated costs, likewise expressed in today's currency, in order for the NPV to be positive. An investment with a profitable NPV is considered to be made. There will be a net loss from an investment with a negative NPV.
To learn more about NPV here:
https://brainly.com/question/29423457
#SPJ1
how did horizontal and vertical integration lead to larger companies?
Horizontal and vertical integration are two strategies used by companies to expand and grow their operations.
Integration in a company refers to the process of combining various parts or functions of the organization to work together as a cohesive and seamless unit. This process can involve the integration of different departments, systems, processes, technologies, and even separate companies through mergers and acquisitions. The goal of integration is to improve efficiency, reduce duplication of efforts, and increase overall performance.
Effective integration can lead to improved communication, better resource utilization, and enhanced decision-making. It can also drive innovation and competitiveness, allowing a company to better meet the needs of its customers and stay ahead of its competitors. In order to achieve successful integration, companies must be willing to change and adapt, and must have a clear understanding of the benefits and challenges involved.
To learn more about Integration visit here:
brainly.com/question/28347539
#SPJ4
Honda and Hyundai have insourced for years to design and manufacture cars in the United States. Insourcing Select one:
a. Helps offset the number of jobs being outsourced.
b. Increases the number of jobs being outsourced.
c. Damages the United States economy.
d. Causes jobs to be lost to overseas competitors
The Correct option is A. Honda and Hyundai have insourced for years to design and manufacture cars in the United States Helping offset the number of jobs being outsourced.
Production is the introduction or production of goods with the help of systems, exertions, machines, gear, and chemical or biological processing or formula. it's by far the essence of the secondary sector of the financial system. The time period may additionally seek advice from a number of human pastimes, from handicraft to high-tech, however, it's far maximum typically implemented to commercial layout, in which raw substances from the number one sector are converted into finished goods on a massive scale. Such goods may be offered to other producers for the production of different greater complicated products (inclusive of planes, family appliances, furnishings, sports devices,s or vehicles), or disbursed thru the tertiary industry to quit users and consumers (usually through wholesalers, who in turn sell to outlets, who then promote them to person customers).
Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing system or the steps via which raw substances are transformed right into a very last product. the producing method starts offevolved with the product layout, and substances specification. these materials are then modified thru production to come to be the desired product.
To learn more about Manufacturing visit here:
brainly.com/question/28384697
#SPJ4
1. what types of companies engage in marketing?
Marketing can be defined as a set of business practises that can be used by for-profit organisations, nonprofit organisations, government entities, and individuals.
Nonprofit marketing is when a nonprofit organisation engages in marketing activities. A marketing plan, as part of your business plan, also aids in the creation and maintenance of demand, relevance, reputation, competition, and so on. Marketing profit refers to the activities that a company engages in to promote the purchase or sale of a product or service. Advertising, selling, and delivering products to consumers or other businesses is all part of marketing. Affiliates do some marketing on a company's behalf.
To learn more about marketing, click here.
https://brainly.com/question/13414268
#SPJ4
ou are given the following information for ortiz corporation: decrease in inventory $ 600 decrease in accounts payable 250 increase in notes payable 235 increase in accounts receivable 265 did cash go up or down? by how much?
Hence, you are given the following information for ortiz corporation in this case, cash went down by $880.
We must examine the changes in the company's assets, liabilities, and equity to determine whether cash increased or decreased and by how much. A rise in accounts receivable and a fall in accounts payable both suggest an increase in cash, but a fall in inventory and an increase in notes due both indicate a fall in cash.
We may compute the net cash change by summing the changes in all relevant accounts: $600 (inventory drop) + $250 (accounts payable decrease)—$235 (notes payable rise) + $265 (accounts receivable increase) = $880 cash decline
In this scenario, cash was reduced by $880.
To know more about Cash, Click here; brainly.com/question/15709517
#SPJ4
Which type of tax is specific to funding emergency fire, police, and medical services?
Gasoline tax
9-1-1 service fee
Property tax
Realty sales fee
The type of tax that is specific to the funding of emergency fire, police, and medical services is C. Property tax.
What are property taxes used to fund ?Property taxes are often used to fund emergency services such as fire and police departments, as well as other local government services and programs such as schools, parks and recreation, and infrastructure maintenance.
In addition to funding these services, property taxes can also be used to help repay bonds for capital projects and to maintain the financial stability of local government.
Find out more on property tax at https://brainly.com/question/13887483
#SPJ1
you are the project manager of a project that is currently in its initial stages. after a change request has been approved, which process is used to collect project work performance data?
After a change request has been approved, the project was accepted by all key stakeholders to collect project work performance data.
What is mean by stakeholders?
A stakeholder in a business is a member of "groups without whose support the organization would cease to exist"[1], according to the definition of the term in the first known use of the term in a 1963 internal Stanford Research Institute communication. R. Edward Freeman later refined and promoted the idea in the 1980s. Since then, it has received widespread recognition in business theory and practise, particularly in relation to corporate governance, corporate social responsibility, and strategic management (CSR). A false dichotomy between the "shareholder model" and the "stakeholders model"[2] or an inaccurate analogy of the obligations towards shareholders and other interested parties has been claimed to be created by the definition of corporate responsibilities through the classification of stakeholders to take into account.
To learn more about stakeholders
https://brainly.com/question/15532995
#SPJ4
when best buy provides a loyal customer with a relevant coupon on their mobile phone, based on previous purchases, while the customer is in the store, this is an example of which element of the 4e framework?
The example of provides a loyal customer with a relevant coupon on their mobile phone is the type of relevancy and exciting the customer in the 4e framework. It has a function to attract the customer to buy a product.
In economic and business, Product strategy generally can be described as the high-level plan for developing and marketing a product. Beside that, product strategy also can be described as how the product supports the business strategy and goals, and is brought to life through product roadmaps. There are four major elements of business strategies, such as customer, competitors, makro environment, and also market. Beside that also there are several types of business strategies, such as comparative business strategies, differentiation business strategies, and segmentation business strategies.
Here you can learn more about product strategies brainly.com/question/28788924
#SPJ4
When the top management at Venus Corp. Sought to change the organization design, form more work teams, and decrease the managers' span of management, it met with great resistance from the managers. This was because the managers feared that their power within the company would decrease. The managers' reaction to change was brought about by _____
There was a large amount of opposition from either the managers at Venus Corp. because when senior brass tried to restructure the organizational structure, create more workgroups, and shorten the managers' tenures. The employees did this out of a concern that expressing personal influence inside the organization would decline. Threatened self-interests caused the managers' response to alter.
Organizational changes that entail deliberate changes to work procedures or tasks mostly affect technologies or business.
Customer preferences and interests are outside factors that affect a company's brand portfolio.
That whenever a business modifies its workflow, it alters management and equipment.
To know more about Customer click here
brainly.com/question/13735743
#SPJ4
FILL IN THE BLANK. Â if the individual does not spend funds that have been received from any source, the unexpected amounts _____ counted for purposes of the support test.
Over 50% of the support of the eligible relative must be furnished by the taxpayer. if the client does not spend funds that have been receive from any source, the unexpected fund 50 count for purposes the support test.
A reserve is a collection of funds set aside for a certain objective. A fund can indeed be created for a variety of objectives, such as the construction of a new government center by the municipal government, the awarding of scholarships at a college, or the payment of customer claims by a health insurer. To produce returns for its investors, institutions frequently invest and use expert management. Pension fund, ways that benefit, endowments, and foundations are a few examples of prevalent sorts of investments.
Learn more about Fund here:
https://brainly.com/question/28238795
#SPJ4
CQ
Over _____% of the support of the eligible relative must be furnished by the taxpayer. if the individual does not spend funds that have been received from any source, the unexpected funds _____ counted for purpose the support test.
Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others.Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others in a Business
The five business idea is:
Reusable productTours & TravelsEducation programRestaurant Street food.The main tours and the travel are the biggest opportunity.
What is business?
The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts.
According to the management theory, the five basic and the interesting idea on the business are:
Reusable productTours & TravelsEducation programRestaurant Street food.The tours and the travel and the street food business was the biggest opportunity. The both the business are the profit is high and the not to the interference to the other.
As a result, the significance of the business are the aforementioned.
Learn more about on business, here:
https://brainly.com/question/15826604
#SPJ1
which best describes what takes place when a chinese supplier of bicycle parts exports bike seats to detroit bikes?
When a Chinese supplier of bicycle parts exports bike seats to Detroit Bikes, the following Negotiations and Contracts takes place
What takes place when a Chinese supplier of bicycle parts exports bike seats to Detroit bikes?The Chinese supplier and Detroit Bikes may negotiate terms such as the quantity of bike seats to be supplied, the price, the delivery schedule, and payment terms.Once the agreement is reached, a contract may be signed between the two parties.Manufacturing and Shipping:The Chinese supplier produces the bike seats according to the specifications agreed upon with Detroit Bikes.The bike seats are then packaged and shipped to Detroit Bikes.Import and Custom Clearance:When the shipment arrives in Detroit, it undergoes custom clearance procedures, which may include inspection and payment of duties and taxes.After the shipment is cleared, Detroit Bikes takes possession of the bike seats.Payment and Documentation:Detroit Bikes pays the Chinese supplier for the bike seats according to the agreed upon payment terms.The transaction is documented and recorded for both parties.This exchange of goods between the Chinese supplier and Detroit Bikes is an example of international trade, which allows companies to specialize in producing goods that they can produce most efficiently and sell to others who need them.To learn more about Detroit bikes refer:
brainly.com/question/30363449
#SPJ4
overhead is overapplied if ______.
(B) If the applied overhead is higher than the real overhead, it has been overapplied.
What is Overhead?The ongoing costs associated with maintaining a business are known as overhead or overhead charges in the business sector.
In contrast to operating expenses like labor and raw materials, overheads are more difficult to associate or associate with any one revenue item.
Because overheads cannot be directly related to the products or services being offered, they do not result in profits.
However, overheads are still essential to business operations since they give the company the important assistance it needs to engage in profitable activities.
For instance, overhead expenses like the rent for a factory enable employees to produce goods that may later be sold for a profit.
Overapplication occurs when the imposed overhead exceeds the actual overhead.
Therefore, (B) if the applied overhead is higher than the real overhead, it has been overapplied.
Know more about Overhead here:
https://brainly.com/question/26372929
#SPJ4
Complete question:
Overhead is overapplied if ______.
A. actual overhead is more than the applied overhead
B. actual overhead is less than the applied overhead
C. cost of goods manufactured is less than the cost of goods sold
D. adjusted cost of goods sold is more than the unadjusted cost of goods sold
What are the factors that affect the demand and supply of automobiles?
Macroeconomic circumstances influence the work organic market. Employment misfortunes during a downturn mean less discretionary cash flow for shoppers and less interest in vehicles. Automakers answer by diminishing creation, which prompts cutbacks and decreased work interest.
A large group of elements is testing the development pace of the Indian auto area, similar to the new ecological security guidelines, fuel cost climbs, and liquidity smash, among others.
The vehicle gave individuals more individual flexibility and admittance to occupations and administrations. It prompted the improvement of better streets and transportation. Ventures and new positions were created to supply the interest for car parts and fuel.
Learn more about demand and supply:
https://brainly.com/question/6321493
#SPJ4
A clause that allows an insurer the right to terminate coverage at any anniversary date is called a(n)
conditionally renewability clause
optional renewability clause
selective renewability clause
cancelable clause
A conditional renewal clause in a policy allows an insurer to cancel coverage immediately without renewability on the renewal date or to increase the policyholder's premium under certain conditions.
This provision benefits insurance companies, not policyholders. Conditionally renewable policies may be renewed unless specific conditions set forth in the policy occur. For example, a conditionally renewable disability policy may not allow the policyholder to renew the disability policy after changing jobs. If your new job is considered more risky than your previous job, the insurance company may include this condition in your policy. Insurers place this condition on insurance contracts because the increased risks associated with new jobs make policyholders more likely to claim damages.
For more information on insurance see:
https://brainly.com/question/27822778
#SPJ4
in what ways can loyalty create conflict for a supervisor?
Loyalty can create conflict for a supervisor because of conflicting loyalties, favoritism, inability to make tough decisions, biases in performance evaluation and impeded objectivity.
1. Conflicting loyalties: A supervisor may feel torn between their loyalty to their employees and their loyalty to the company, leading to difficult decisions and potential conflicts.
2. Favoritism: Showing favoritism towards employees can alienate other employees, leading to low morale and decreased productivity.
3. Inability to make tough decisions: When a supervisor is overly loyal to an employee, they may be unwilling or unable to discipline or terminate that employee, even if it is in the best interest of the company.
4. Bias in performance evaluations: A supervisor who is loyal to certain employees may be biased in their performance evaluations, leading to perceptions of unfairness and mistrust.
5. Impeded objectivity: A supervisor's loyalty to an employee can cloud their judgment, leading to difficulties in making fair and objective decisions.
To know more about loyalty, visit –
https://brainly.com/question/28270052
#SPJ11
you read that 40 firms that grow and export strawberries to the united states decide to form a cartel. the cartel aims to raise the price of strawberries and reduce output to increase profits for the strawberry growers. you predict that this cartel will probably part 2 a. be successful because enforcing the rules among only 40 firms is very manageable. b. not be successful because there are too many firms that are trying to organize the cartel and there are a number of good substitutes for strawberries. c. be successful because the demand for strawberries is very inelastic. d. not be successful because it is difficult to export a perishable product like strawberries
d. not be successful because it is difficult to export a perishable product like strawberries.
What are perishable products?
Perishable products are goods that have a limited shelf life and can quickly deteriorate or spoil if not stored or transported properly. These products, such as fresh produce, dairy, and meat, have a high risk of becoming unmarketable if not handled with care.
This characteristic of perishable products makes it difficult to maintain control over their supply and demand, making it challenging for a cartel to successfully manipulate the market and raise prices. Additionally, the need for proper storage and transportation to maintain the quality of these goods can add to the difficulty of coordinating a cartel, making it less likely to be successful.
Hence, the answer is d. not be successful because it is difficult to export a perishable product like strawberries.
To learn more about perishable products, follow the link:
https://brainly.com/question/29538322
#SPJ4