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Two of the characteristics of a perfectly competitive market are that there are a large number of firms and each firm produces a product that is identical to what the other firms produce. Good examples of perfect competition can be found in the agricultural sector, primarily because it is difficult to modify an agricultural commodity (e.g., corn, soybeans, wheat) to create a branded product.
1. Identify a market that you believe satisfies the requirements for perfect competition.
2. If you've noticed advertising for that product, is the advertising by an individual producer or an industry group? (If you've answered individual producer, you might want to go back to (1) and rethink whether the product is sold in a perfectly competitive market.)
3. Why doesn't it make economic sense for individual firms to advertise in a perfectly competitive market? Who would gain in the short run? Who would gain in the long run? Who would likely be worse off because of that advertising?
Discuss the three main types of bonuses common in executive compensation. Please discuss in detail and provide examples of each type of bonus.
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a) Evaluate the operating industry of General Mills using a minimum of two forces included within Porter's Five Forces model.
Identify two peer reviewed articles: one in which the business problem is researched using a descriptive statistical method and another using an inferential method.
rational decision making model improving decisionsconsider the last decision that you have made purchase of an
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Share some brief words of wisdom pertaining to the world of business management and/or any other business related topic (e.g. - customer service, organizational culture, marketing, etc.). Provide some of your own words on this and also provide a ..
Compare and contrast at least two methods of assessing health care organizations' operational needs and explain how they differ based upon a particular health care setting.
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