Suppose there are three commercial concrete suppliers that account for 90% of sales (of nearly identical products) in northern New England. What is the most important thing they can do to earn profits in the commercial concrete industry

c. Collude

Explanation:

In order to make the maximum profit, the most important thing that these commercial concrete suppliers can do would be to Collude. While this is against fair market practices in a competitive market, it will ensure that they make enough profits in the industry.

With a 90% market share between them, they could collude to establish a price at which they will all sell at and because of their high market share, this is the price that the market will begin to sell at. That price will be a price that is high enough for them all to make sufficient profits therefore the goal of the collusion will be accomplished.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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