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Reil [10]
2 years ago
8

For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. Mul

tiple choice question. increase return on invested capital maximize profit gain market share cover opportunity costs
Business
1 answer:
kirill [66]2 years ago
5 0

In order to <u>gain market share</u><u>,</u> some a firm whose product that has a large economic value do decides to charge the same price as competitors.

<h3>What is a market share?</h3>

A market share refers to an industry percentage that is earned by a particular company over a specified time

In conclusion, some firm whose product that has a large economic value charges the same price as competitors In order to gain market share.

Read more about market share

<em>brainly.com/question/25309906</em>

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Danita rescues dogs from her local animal shelter. when danita's income rises by 7 percent, her quantity demanded of dog biscuit
Anna007 [38]

Answer:

The income elasticity of demand for dog biscuits is Option D: positive, and dog biscuits are a normal good.

Explanation:

'Income elasticity of demand' refers to the reaction of the demand in quantity for a good or service to that of change in income.  

'Normal goods' are the goods that are related positively with income whereas 'inferior goods' are those goods which are related negatively with income. As the income increases, there is a rise in demand for the dog biscuits. This means the dog biscuits are normal goods. Income elasticity for demand is positive for Danita as it is because of the rise in income. Hence, Option D is the most appropriate.

6 0
3 years ago
Characteristics of insurance that distinguish insurance contracts from other general contract
Mars2501 [29]

Answer:

When attempting to get a better understanding of insurance, there are four unique characteristics that need to be done and they are conditional, unilateral, adhesion, and aleatory.

8 0
4 years ago
According to a consumer survey of young adults​ (18-24 years of​age) who shop​ online, 33​% own a mobile phone with internet acc
Andru [333]

Answer:

a. C. The experiment consists of n​ identical, independent​ trials, where there are only two possible​ outcomes, S​ (for Success) and F​ (for Failure). The probability of S remains the same from trial to trial. The variable x is the number of​ S's in n trials.

b. A. For any young​ adult, the probability that they own a mobile phone with internet access is p.

c. A. In a random sample of 500 young adults Upper E left parenthesis x right parenthesis E(x) will always be the number of young people surveyed that will own mobile phones with internet access.

Explanation:

A binomial random variable is mostly used to show the number of successful results in a repeated number of binomial experiments. Thus, we can infer that the variable 'x' has the properties of a binomial random variable. The expected value of the variable 'x' is equivalent to the probability-weighted mean of all possible values of x.

8 0
3 years ago
What are two key takeaways from using auto-drafting to pay your bills?.
Maslowich

The two key takeaways from using auto-drafting to pay your bills are:

  • Payment is faster.
  • There is less hassle making payments for multiple bills.

<h3>What is Auto Drafting?</h3>

This refers to setting up of periodic payments for a particular set of bills which deducts an amount from a checking account.

Some of the advantages of making use of auto-drafting to pay your bills includes:

  • Easier automatic payment.
  • Ability to avoid late payments.
  • No need to set reminders, etc

Read more about auto drafting here:
brainly.com/question/24579126

4 0
2 years ago
i'm doing a speech about why people give up and why they shouldnt give up what should my attention getter and my main points be?
stiv31 [10]
•Succese
•Failur
•Fear
•greatness
•Proudness
•Lifestsly
Those are a few main points you can pick from I'm not go at attention grabbers sorry
Hope this helps have a nice day (if u want me to go into more detail don't be afraid to pm me)
4 0
3 years ago
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