This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Net benefits of sellers represent their: A) revenue. B) profits. C) sales. D) ... (Read 72 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
Net benefits of sellers represent their:
 
  A) revenue.
  B) profits.
  C) sales.
  D) inventory.

Question 2

Elly needs to get her leaking faucet repaired as soon as possible. She gets in touch with a plumber who asks for an unreasonably high fee. If no other plumber is available for work, who has a higher bargaining power? Explain your answer.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Bargaining power describes the relative power an individual has in negotiations with another individual. Two principlesthe cost of failing to come to an agreement and the influence of one partner on the otherare generally used to describe the bargaining power of each partner engaged in bargaining. If the influence of one agent over the other agent increases, then the former's bargaining power increases, but if the cost of not coming to an agreement increases, then his bargaining power goes down. In this case, the cost of failing to come to an agreement is high for Elly because no other plumber is available for work. Therefore, the plumber has a higher bargaining power.


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
:D TYSM

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Interior nodes represent common ancestors Interior nodes represent common ancestors
(A) The name and shape of the adult teeth. These teeth represent those found in the right side of th (A) The name and shape of the adult teeth. These teeth represent those found in the right side of th
Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of
Benefits of Regular Exercise Benefits of Regular Exercise
Health Benefits of Marriage Health Benefits of Marriage
The benefits of wind power The benefits of wind power
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library