Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 1.7, Problem 2CC
Compare and contrast perfect completion and pure
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Please answer the subparts only:
• advantages and disadvantages
• best solution
• conclusion
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A local council/Baldiya issued a tender request for the construction of a small community center. Mr. Shoaib who owned a small construction firm applied for the tender. However, the local council rejected his proposal on the basis that his firm size is too small and hence it is less likely that his firm will complete construction in the agreed time, cost, and quality. Based on this information, which of the disadvantage of the small business is highlighted in this example?
a.
Lack of proper planning
b.
All the options are correct
c.
Less availability of capital
d.
Lack of skilled human resource
Chapter 1 Solutions
Introduction to Business
Ch. 1.1 - Explain the concepts of revenue, costs, and...Ch. 1.1 - What are the five factors of production?Ch. 1.1 - What is role of an entrepreneur is society?Ch. 1.2 - Define the components of the internal and the...Ch. 1.2 - What factors within the economic environment...Ch. 1.2 - Why do demographic shifts and technological...Ch. 1.3 - What is economics, and how can you benefit from...Ch. 1.3 - Compare and contrast the world's major economic...Ch. 1.3 - What is the difference macroeconomics and...Ch. 1.4 - What is a business cycle? How do businesses adapt...
Ch. 1.4 - Why is full employment usually defined as a target...Ch. 1.4 - What is the difference between demand-pull and...Ch. 1.5 - What are the two kinds of monetary policy?Ch. 1.5 - What fiscal policy tools can the government use to...Ch. 1.5 - What problems can a large national debt present?Ch. 1.6 - What is the relationship between prices and...Ch. 1.6 - How is market equilibrium achieved? Describe the...Ch. 1.6 - Draw a graph that shows an equilibrium points for...Ch. 1.7 - What is meant by market structure?Ch. 1.7 - Compare and contrast perfect completion and pure...Ch. 1.7 - How does an oligopoly differ from monopolistic...Ch. 1.8 - What steps can companies take to benefit from the...Ch. 1.8 - Why is the increasing demand for energy worldwide...Ch. 1.8 - Describe several strategies that companies can use...Ch. 1 - Ethics Activity Historically, diesel cars have not...Ch. 1 - What are some advantages of Walmart purchasing...Ch. 1 - What impact is Walmart's acquisition of...Ch. 1 - How will the aggressive e-commerce plan...
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Similar questions
- What enables good contracting and negotiations?arrow_forwardYou are a leading builder of the city running your business in the form a company. The city’s municipal corporation has invited tenders from business houses for the construction of the largest flyover of the city. You are eligible for the tender and have the technical capabilities but the amount of security deposit as well as the cost of construction of the flyover is too high and you are not ready to take such a huge risk. You have other competitors in the market who are planning for the tender but are also apprehensive because of the huge risk involved. Please answer the following questions in view of this situation: (a) What do you mean by Joint Venture? (b) What are the reasons behind formation of joint ventures?arrow_forwardSynopsis of starting of my own buisness, what would the cost be?arrow_forward
- Please answer in 30 mint.arrow_forward33. Two offers were received by the broker at the same time, what action must the broker take? о Only present the offer with the least number of contingencies. О Only present the highest offer. Wait 24 hours for more offers to come in and present them all together. О Present both offers to the seller.arrow_forward13. With a fixed value stock bid, the only the bidding company’s shareholders face market and operational risk between the deal announcement and completion date. True/False and WHYarrow_forward
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