Knowee
Questions
Features
Study Tools

The output in chairs per month for four firms is:200 for firm A300 for firm B275 for firm C320 for firm DThe total output of the chair industry is 2,000 chairs per month. If firms A, B, C, and D are the four largest firms in the industry, calculate the four-firm concentration ratio for the chair industry by finding out what percentage of the total output the four firms are responsible for. Round your answer to the nearest whole percent.

Question

The output in chairs per month for four firms is:200 for firm A300 for firm B275 for firm C320 for firm DThe total output of the chair industry is 2,000 chairs per month. If firms A, B, C, and D are the four largest firms in the industry, calculate the four-firm concentration ratio for the chair industry by finding out what percentage of the total output the four firms are responsible for. Round your answer to the nearest whole percent.

...expand
🧐 Not the exact question you are looking for?Go ask a question

Solution

Primero, sumamos la producción mensual de las cuatro empresas:

200 (empresa A) + 300 (empresa B) + 275 (empresa C) + 320 (empresa D) = 1,095 sillas por mes.

Luego, calculamos el porcentaje de la producción total de la industria que representan estas cuatro empresas. La producción total de la industria es de 2,000 sillas por mes.

Porcentaje = (Producción de las cuatro empresas / Producción total de la industria) * 100

Porcentaje = (1,095 / 2,000) * 100

Porcentaje = 0.5475 * 100

Porcentaje = 54.75%

Redondeando al porcentaje más cercano, obtenemos:

55%

Por lo tanto, la razón de concentración de las cuatro empresas en la industria de sillas es del 55%.

This problem has been solved

Similar Questions

Fill in the Blank QuestionFill in the blank question.The four-firm concentration ratio, expressed as a percentage, is the ratio of the total industry _ of the four largest firms in an industry relative to total industry sales.

A four-firm concentration ratio measuresGroup of answer choicesthe fraction of an industry's sales owned by the four largest firms.four times the average size of a firm in the industry.how the four largest firms came to be dominant in their industry.the production of any four firms in an industry.

A concentration ratio that measures the percentage of sales by the four largest firms in a particular industry is called the:Multiple choice question.four-firm concentration ratio.Herfindahl-Hirschman Index.block pricing model.installation ratio.

A furniture company plans to have 26 employees at its corporate headquarters and 24 employees at each store it opens.Let s represent the number of stores and m represent the total number of employees.Complete the table using the relationship between s and m.s m1 3 4 9

A, B and C are partners in a business. Their capitals are respectively, Rs.5000, Rs.6000 and Rs.4000. A gets 30% of the total profit for managing the business. The remaining profit is divided among three in the ratio of their capitals. In the end of the year, the profit of A is Rs.200 more than the sum of the profits of B and C. Find the total profit.ARs. 4500BRs. 5200CRs. 1800DRs. 3000

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.