1. Samantha's business structure is not specified in the given information.. Samantha's liability would depend on the business structure she has chosen.
2. Without knowing the business structure, it is not possible to determine whether she would have limited or unlimited liability.
3. N/A (The business structure is not specified, so it cannot be determined whether limited or unlimited liability would be an advantage or disadvantage.)
4. Two functions of a business can include:
a. Providing goods or services to customers.
b. Generating profits and financial returns for the owners or stakeholders.
5. Samantha cannot treat the family party fees as a business expense unless the party is directly related to the business and can be justified as a legitimate business expense. Generally, personal expenses such as family parties are not deductible as business expenses.
6. The value of inventory in Samantha's records should be reported at its cost of $40,000, not the market value of $50,000. Inventory is typically recorded at its lower of cost or market value, so in this case, the cost of $40,000 should be used to value the inventory in the records.
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Given the current status of the U.S. economy—a slow recovery from a severe, pandemic-induced economic downturn, relatively high unemployment, moderate inflation, and an enormous national debt level—what aggregate demand policy would you recommend as the single most important course of action needed to address the current status of the U.S. economy?
Why do you believe that your recommended course of action will be successful in improving the current performance level of the U.S. economy?
To address the current state of the U.S. economy, implementing expansionary fiscal policy through increased government spending and/or reduced taxes would be recommended. This can stimulate spending, boost aggregate demand, and improve economic performance.
Based on economic principles, during a slow recovery with high unemployment, a recommended aggregate demand policy would be an expansionary fiscal policy. This involves increasing government spending and/or reducing taxes to stimulate consumer and business spending, thus boosting aggregate demand.
Expanding government spending can create job opportunities, leading to increased employment levels. Reducing taxes puts more money in consumers' pockets, encouraging them to spend more, which can further stimulate economic activity. These measures aim to increase overall spending, leading to increased production, job creation, and economic growth.
The effectiveness of expansionary fiscal policy depends on various factors such as the magnitude of the stimulus, timing, and efficiency of spending. It also requires careful management to ensure fiscal sustainability and avoid excessive inflation or further accumulation of the national debt. Implementing such policies alongside measures to address structural issues and promote long-term economic growth can contribute to improving the overall performance of the U.S. economy.
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PLEASE HELP I NEED THIS ASAP, I WILL GIVE BRAINLEST
Answer:
actuary - An actuary is a business professional who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. So the answer would be D.
bankteller - A bank teller is an employee of a bank whose responsibilities include the handling of customer cash and negotiable instruments. So the answer would be A.
IFM - Researching various stocks or funds that may be in the news for recent product developments, earnings statements. So the answer would be C.
Auditor - An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws. So the answer would be B.
Explanation:
You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 10 comma 300 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % (with semiannual compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Answer:
You must deposit "$74,806.25" today.
Explanation:
The given values are:
Periodic payment,
P = $10,300
Rate of interest,
r = \(\frac{4.4 \ percent}{2}\)
= \(2.2 \ percent\)
Number of periods,
n = \(4\times 2\)
= \(8\)
Now,
The PV of annuity will be:
= \(\frac{P\times [1 - (1 + r)^{-n}]}{r}\)
On substituting the given values, we get
= \(\frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}\)
= \(\frac{1,645.73}{2.2 \ percent}\)
= \(74,806.25\) ($)
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
In addition to advertising, MasterCard used competitions to build excitement and encourage use of the card. These competitions are a form of
As MasterCard uses competitions to build excitement and encourage use of the card, such competition serves belong to a form of sales promotion.
What is sales promotion?In marketing, this is a strategy that business uses to offer to increase interest or demand in its product or service.
Hence, as uts uses competitions to build excitement and encourage use of the card, it is a form of sales promotion.
In conclusion, the aim of sales promotion is to continue to induce potential customer to patronize their product or service.
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can you guys make me instagram famous? plz i need help
Answer:
sis what
Explanation:
make a public account post good pics ✋put a lot of hastagstag ppltas it
What should he do to get to the appropriate cell?
Answer:
which appropriate cell , the question is not clear
A. Press the tab key
got it correct on edge :)
Explain why experience is such a critical factor in improving driver safety. Select one: a. Studies show that drivers with experience recognize hazards more rapidly, regardless of age b. The question is misleading: in fact, studies show that experience does not improve driver safety c. Experience as a driver improves the motor skills and vision essential to sale driving
d. Experience is only beneficial to driver safety because older drivers are safer; older drivers with less experience are safer than younger drivers with more experience
It is believed that experience is such a critical factor in improving driver safety. Studies show that drivers with experience recognize hazards more rapidly, regardless of age. Thus, the correct answer is option A.
The awareness of the driver is the key element of the driver safety. As awareness requires being cognitively and perceptually engaged with the driving job and the surrounding environment, it is essential for driver safety.
Being aware of the road, identifying potential risks, keeping situational awareness, and being sensitive to shifting traffic patterns and other cars are all examples of driving awareness.
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purchasing the right to use a company's trademark to expand more rapidly and use copyrighted materials is known as
Purchasing the right to use a company's trademark to expand more rapidly and use copyrighted materials is known as: Franchising
Franchise ownership has a low failure rate. In comparison to launching an independent firm, a franchise comes with a proven business model that has already proven successful in the market, giving the owner superior success odds.
Throughout the course of the business, a franchise owner receives invaluable assistance. After purchasing a franchise, the company owner receives ongoing training and support required for management and marketing.
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Question 5 a company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.
False. A company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.
What is the share step of data analysis?The sharing of your data results is the fifth phase. This is possible with the use of visualization since putting data into an image can make the analysis easier for people to understand. You'll consider using several graphs and plots to more rapidly communicate your conclusions.
Ask, prepare, process, analyze, share, and act are the six phases or steps of data analysis, according to Go.ogle.
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A company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.
T / F
What is being journalized in the Cash Receipts Journal?
In the Cash Receipts Journal, only cash receipts are journalized.
When a company maintains separate journals for its transactions, there is a Cash Receipts Journal for recording cash receipts. There are also Cash Payment, Sales (on Credit), Purchases, Adjusting, and General Journals.
Thus, the transactions that are recorded in the Cash Receipts Journal are only cash receipt entries.
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A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to ______. (Check all that apply.)
Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
What are taxes that are applied specifically to imports and/or exports?
A.
capital
B.
tariffs
C.
wages
D.
global trade
Answer:
hola nose puede en español
The Correct Answer: tariffs
What are the requirements when checking in ciii-v and pse products.
It is required that the date at which the Ciii-v & Pse products are received must be documented on each page of the invoice,
What is Ciii-v & Pse products?The Ciii-v & Pse products are medical product or ingredient that are sold at counter.
In conclusion, generally, It is required that the date at which the Ciii-v & Pse products are received must be documented on each page of the invoice,
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which of the following is not a good reason to form a family partnership? multiple choice no gift tax is due on the transfer non-voting interests can be given to younger family members to ensure the older generation maintains operational control a buy-sell agreement can ensure that all ownership interests are retained in the family income can be shifted to lower-tax-rate individuals
The reason that is not a good reason to form a family partnership is: no gift tax is due on the transfer.
Forming a family partnership can be an effective way to manage and transfer family assets, but it's important to understand the reasons and implications behind such a decision. While the other three options provided (non-voting interests, maintaining operational control, and income shifting) can be valid reasons for forming a family partnership, the statement "no gift tax is due on the transfer" is not a sufficient reason on its own. The formation of a family partnership should not solely be motivated by avoiding gift taxes. While transferring assets through a family partnership may have gift tax benefits, the primary focus should be on the operational and strategic aspects of the partnership, such as maintaining control, succession planning, and tax efficiency.
Family partnerships are typically formed to facilitate effective management and control of family-owned assets, provide a framework for generational transfers, and ensure continuity in the family business or wealth management. Non-voting interests can be given to younger family members to gradually involve them in the partnership's operations while maintaining control with the older generation. A buy-sell agreement can help establish a mechanism for the smooth transition of ownership within the family. Income shifting to lower-tax-rate individuals can be achieved through proper tax planning and structuring.
In summary, forming a family partnership should be based on the strategic and operational needs of the family, rather than solely focusing on avoiding gift taxes. Gift tax implications should be considered as part of a comprehensive approach to family wealth and business management.
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Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.
Answer:
im not aure
Explanation:
im not aure
When you're finished using your Go ogle account, what should you do to help keep your information secure?
A. Reset your password.
B. Create a new username.
C. Send an e-mail.
D. Sign out.
Answer:
this is a very st upid question but i would say its D
Explanation:
A does make sense somehow but i dont think you would reset your password everytime you using go ogle
i dont know why B should help at all
C makes no sense at all
When you're finished using your Go-ogle account, you should always sign out to keep your information secure. Thus, option 'D' is the correct option.
How to keep your Go-ogle account safe?Go-ogle uses the strictest security measures to protect your personal data. The Advanced Protection Program protects individuals with sensitive information and high visibility from deliberate online assaults. Chrome's Safe Browsing shields 4 billion devices from dangerous websites, while Advanced Protection does even more thorough checks before each download. It alerts you to potentially hazardous files and may even stop you from downloading them.
Installations of apps are only permitted from trusted shops, such as the app store run by the company that makes your device. You are frequently prompted to grant access to your Go=ogle Account data, such as your contacts, location, or Drive, when you join up for new apps or services. Go=ogle Accounts have built-in security features that verify more than 1 billion stored passwords daily for breaches.
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During the financial crisis it was proposed that firms be provided with a tax credit for investment projects. Such a tax credit would shift Group of answer choices both the demand for loanable funds and the supply of dollars in the market for foreign-currency exchange right. the demand for loanable funds right and shift the supply of dollars in the market for foreign-currency exchange left. the demand for loanable funds left and shift the supply of dollars in the market for foreign-currency exchange right. both the demand for loanable funds and the supply of dollars in the market for foreign-currency exchange left.
Answer:
I think it would be that the crisis is all about money.
Explanation: Because you need money to buy everything you need.
Which statement explains a reason why the United States relies more heavily on expensive, high-tech medical treatments as compared to European countries
The main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.
In Europe, the countries does not rely more heavily on expensive and high-tech medical treatments as United States does.
In conclusion, the main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.
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superior razors: the marketing research process firms invest billions of dollars in marketing research every year. why do marketers find this research valuable? first, it helps to reduce some of the uncertainty under which they constantly operate. successful managers know when research might help their decision making, and they take appropriate steps to acquire the information they need. second, marketing research provides a crucial link between firms and their environments, which enables firms to be customer-oriented because they build their strategies using customer input and continual feedback. third, by constantly monitoring their competitors, firms can respond quickly to competitive moves. this activity is important because it helps contextualize a firms' marketing research investment. marketing research involves five key steps. the goal of this activity is to define those steps and to help you recognize the actions that must take place within each step. first, read about superior razors' plans to determine how well its men's shaving products are performing against the competition. then click and drag each action to the corresponding step in the marketing research process that represents that action. the marketing team at superior razors, a producer of a national brand of men's shaving products, is trying to find out how well the company is doing in comparison to its competition and to hypothesize how it will fare in the near future. superior razors is evaluating its competitive position in the shaving products market. superior has already determined its market share by evaluating the company's sales during a particular time frame relative to total industry sales. next, it wishes to determine how to achieve the best sales results over the next two years. it will identify the type of data that should be collected and the type of research needed to collect the data. past research has shown that loyalty is often, but not always, an important decision influencer for men's shaving products. after re-interpreting data collected from prior research projects, researchers at the firm conclude that when women do the shopping, they are loyal to a specific brand, whereas men are most interested in spending less. the company wants to determine through a questionnaire which group to target: married women, emphasizing the current promotional message, or single men, offering a new price performance message.
The marketing research process involves five key steps identification, research design, data collection, data analysis, and report preparation and presentation.
What are those five steps?
The marketing research process consists of five key steps: problem identification, research design, data collection, data analysis, and report preparation and presentation. The goal of marketing research is to reduce uncertainty, build customer-oriented strategies using customer input and feedback, and monitor competitors to respond quickly to competitive moves.
In the case of Superior Razors, the company is evaluating its competitive position in the shaving products market and wishes to determine how to achieve the best sales results over the next two years. To do so, they will identify the type of data to be collected and the type of research needed, such as through a questionnaire to determine which group to target: married women or single men.
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What are the advantages of picking fruits safely from the tree
Answer:
You wont get seriously injured
Explanation:
Be safe and use a ladder or somekind of fruit picker when trying to harvest fruits.
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Throughout the course, you will be working on a Wealth Management Analyst Project For this project, imagine you are a new hire at a wealth management firm and tasked with determining the location of a brick-and-mortar office within Connecticut. As the analyst, you must suggest what type of financial products the office should offer and suggest an office location. Please use the data set attached in the Unit to complete this assignment.
To complete this project, analyze the data set provided and consider factors such as the local population, the proximity to major transportation routes, and the availability of parking.
As a new hire at a wealth management firm in Connecticut, you have been tasked with determining the location of a brick-and-mortar office. You must suggest the type of financial products that the office should offer and recommend an office location. To complete this assignment, use the data set attached in the Unit.
The first step in this project is to analyze the data set provided. You will need to assess the different locations in Connecticut and examine the population, income, and education levels of the area. This information will help you determine the type of financial products that are most in demand in each location.
For example, if you find that a particular area has a high population of retirees, then it may be best to offer investment products that are focused on retirement planning.After analyzing the data set, you can begin to suggest an office location. You should consider factors such as the local population, the proximity to major transportation routes, and the availability of parking.
In addition, you may want to look at the competition in the area to see if there are already established wealth management firms nearby. If there is already a lot of competition, it may be best to look for a location that is not as saturated with wealth management firms.Finally, you will need to recommend the types of financial products that the office should offer.
This will depend on the needs of the local population and the level of competition in the area. You may want to offer a range of financial products, including investment products, insurance, and retirement planning services. Again, it is essential to consider the needs of the local population to determine the most appropriate products to offer.
In conclusion, the wealth management analyst project involves determining the location of a brick-and-mortar office within Connecticut. As an analyst, you must suggest the type of financial products the office should offer and recommend an office location. To complete this project, analyze the data set provided and consider factors such as the local population, the proximity to major transportation routes, and the availability of parking.
Additionally, you should look at the competition in the area to determine the best location and the most appropriate financial products to offer.
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You go to buy a new computer and the salesperson tries to sell you an "extended warranty." You know that extended warranties can add a lot to the purchase price of the computer but you want some protection in case your computer breaks down. What are three questions you should ask before you agree to the contract?
Answer:
Extended warranty means provided extra protection to the breakage or problems occurred on a newly purchased item for a longer period.
Explanation:
Extended warranty is also known as the service agreement or maintenance agreement that is offered to a customer when they plans to purchase a new item like any electronic item including laptops, mobile phone, television, camera ,etc. It provides extra prolonged protection to the item or device than the regular warranty period.
In the context, the questions that I will ask the salesperson before agreeing the contract on the extended warranty on the purchase of the new computer are :
1. What is the extra amount I have to pay for the extended warranty.
2. For how long this "extended warranty" covers or protects my computer.
3. The extended warranty provides coverage on what items items and what defects.
How's everyone's day? explain please
Answer:
You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.
Answer:
I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.
Explanation:
Your selection of a layout format for your facility depends on: (Choose all that apply)a. Available spaceb. Production volumec. The design of the processd. The inventory flow
Selecting the appropriate layout format for a facility requires a thorough understanding of the available space, production volume, process design, and inventory flow. An efficient layout can enhance productivity, reduce cycle time, and increase profitability for the organization.The correct option is d.
The selection of a layout format for a facility is an essential decision that affects the efficiency, productivity, and profitability of the organization. The layout format determines the arrangement of machinery, equipment, workstations, and inventory within the facility.
There are several factors to consider when selecting a layout format, and these include available space, production volume, the design of the process, and inventory flow.Firstly, available space is a critical factor in determining the layout format.
The size and shape of the facility play a significant role in selecting the layout format. If the available space is limited, the facility may have to adopt a compact layout that optimizes the use of available space. On the other hand, if the facility has ample space, a more spacious layout format may be adopted, which allows for the free movement of personnel and equipment.
Secondly, the production volume also influences the layout format. High volume production may require a more efficient and streamlined layout, such as a product-oriented layout, where the equipment is arranged according to the production process. In contrast, low volume production may benefit from a process-oriented layout that optimizes the flow of materials and workers.
Thirdly, the design of the process is another critical factor in selecting a layout format. The process design determines the sequence of operations and the flow of materials. An efficient layout should minimize the movement of materials, reduce cycle time, and eliminate bottlenecks in the production process.
Finally, the inventory flow is also essential in selecting a layout format. The layout should optimize the flow of inventory within the facility, ensuring that the materials are efficiently transported from the storage area to the production line and back to the storage area.
In conclusion, selecting the appropriate layout format for a facility requires a thorough understanding of the available space, production volume, process design, and inventory flow. An efficient layout can enhance productivity, reduce cycle time, and increase profitability for the organization.The correct option is d.
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When the owner specifies the dimensions and measurements of a construction project, i.e., building a car garage, the construction worker must build the garage according to the owners’ specifications. When the car garage is completed, the owner does not like the way it was built. Can the owner bring a successful legal action against the construction worker when the car garage was built in accordance with the owner’s measurements and specifications? Please explain.
If the construction worker built the car garage according to the owner's specified dimensions and measurements, and the owner approved the plans before construction began, it is unlikely that the owner would have a successful legal claim against the construction worker.
However, if the construction worker deviated from the owner's specifications without approval, or if there were errors or defects in the construction that were not the result of the owner's specifications, the owner may have a legal claim for breach of contract or negligence. Ultimately, the success of any legal action would depend on the specific details of the situation and the terms of the contract between the owner and the construction worker.
When the owner specifies the dimensions and measurements of a construction project, such as building a car garage, the construction worker must build the garage according to the owner's specifications. If the car garage is completed and the owner does not like the way it was built, but the construction worker followed the owner's measurements and specifications, it may be difficult for the owner to bring a successful legal action against the construction worker.
This is because:
1. The owner provides the construction worker with specific dimensions and measurements for the car garage.
2. The construction worker builds the car garage according to these specifications.
3. Upon completion, the owner dislikes the result but the garage was built in accordance with the owner's provided specifications.
4. For a successful legal action, the owner would typically need to prove that the construction worker failed to adhere to the agreed-upon specifications or that there was some negligence or breach of contract involved.
Since the construction worker followed the owner's instructions and built the garage as specified, it is unlikely that the owner would be able to win a legal case against the construction worker in this scenario.
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Market research needs to be carried out – What primary research did you do to determine if people would want your products or service and what secondary research did you do on your competitors? for a pharmacy
Primary market research is gathering information on your own, frequently by conducting surveys or interviewing members of your target market. Secondary research makes use of information that already exists and can be found in books, publications, or online.
How would you do market research to ascertain the requirements and preferences of customers in your region?Utilize market surveys, focus groups, and market research studies. Spend some time getting to know them well. Find out the facts, ask the proper questions, and learn how to inspire your audience. One of two things—praise or reward—will motivate us.
How can primary methodologies be used to conduct market research?Observation. Numerous insights can be gained through observing consumer behavior, however some questions may remain unresolved.
postal polls.
telephone consultations
online polls.
personal interviews.
focus sessions.
marketing test.
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RHC Pharmaceuticals Inc., Lawrence Pharma Inc., and Quincy Pharma Inc. are three rival firms who have set up an alliance to conduct research and find a cure for cancer. They have made almost equal contributions to the research, and they also share their expertise with one another. However, the three firms will continue to behave as competitors in markets for other drugs and vaccines. What is this arrangement best referred to as
Answer:
Coopetition
Explanation:
The three firms in the question above worked together to conduct research and find a cure for cancer, and they are close competitors, this is a good explanation of how coopetition works. In coopetition, Rivals companies competing in the market for a similar customer because they deliver related products would come together to form an alliance, in a bid to achieve a common goal after which it is competition as usual. In coopetition, competitors form alliances for mutual gain.