what 2 methods does the federal government use to keep businesses competitive?
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1- Anti-trust legislation to promote competition in markets and enhance trade. 2- Cease and desist order to limit unfair acts and illegal activities that hamper competition in markets. 3- Determine a competitive equilibrium for the prices of the products that they are not allowed to exceed.
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['Profit maximization. ... ', 'Wealth maximization. ... ', 'Proper estimation of total financial requirements. ... ', 'Proper mobilization. ... ', 'Proper utilization of finance. ... ', 'Maintaining proper cash flow. ... ', 'Survival of company. ... ', 'Creating reserves.']
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The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. ... Examples of this include breaking up monopolies and regulating negative externalities like pollution.
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The FTC promotes competition, and challenges anticompetitive business practices and mergers, to make sure that consumers have access to quality goods and services, and businesses can compete on the merits. The FTC does not decide who wins and who loses in the marketplace – consumers do that.
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Government sets the legal and institutional frameworks within which markets operate. It raises taxes based on the activities of businesses and consumers in markets. It has an interest in market outcomes and the way these are distributed between different groups and firms in society.
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As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions. Specifically, government has two roles: rule maker and umpire.
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Debt and equity are the two major sources of ﬁnancing. Government grants to ﬁnance certain aspects of a business may be an option.
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The government's role in a mixed economy is that it is the: Regulator charged with preserving competition. Economic goals are important because they: Help people determine if an economic system meets their needs.
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The federal and provincial governments are responsible for protecting consumer rights. The federal government is responsible for creating marketplaces that are fair, efficient and competitive for producers, traders and consumers. ... The federal government is also responsible for the safety of food products.
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The FTC's competition mission is to enforce the rules of the competitive marketplace — the antitrust laws. These laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices.
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['Automation and Productivity. Smaller businesses can compete with large businesses by being more swift and agile, and responding to change faster. ... ', 'Communication and Collaboration. ... ', 'Reliable Storage. ... ', 'Information Protection. ... ', 'Financial Savings. ... ', 'How to Choose Company Technology.']
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['Gain new client base and add competitive skills. ... ', 'Enter new business territories. ... ', 'Create different sources of additional income. ... ', 'Level industry ups and downs. ... ', 'Build valuable intellectual capital. ... ', 'Affordable alternative to merger/acquisitions. ... ', 'Reduce risk.']
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['Support Competitive Advantage & Decision making.', 'Support Business Decision Making.', 'Support of Business Processes and Operations.']
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Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy. ... Over time, as our society and economy have changed, government activities within each of these functions have expanded.
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According to Porter's Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.
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The first is called level scheduling, where you try and maintain a steady workforce with a steady schedule. The second is the chase strategy, where you maintain a level workforce and increase your workforce as demand increases. This may mean using overtime or hiring temporary employees.
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['Interviews (telephone or face-to-face)', 'Surveys (online or mail)', 'Questionnaires (online or mail)', 'Focus groups.', "Visits to competitors' locations."]