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2 years ago

When firms compete by offering unique product features rather than competing on price, ______ occurs.

1 answer:

6 0

When firms compete by offering unique product features rather than competing on price, non-price competition occurs; it is when businesses employ tactics to boost sales and market shares without lowering prices.

What is non-price competition?

In non-price competition, a company "seeks to distinguish its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it exists between two or more producers who sell goods and services at the same prices but seek to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.

Types of Non-Price Competition:

Marketing involves a range of approaches (based round the 4Ps), including product differentiation, advertising, promotion and distribution

Learn more about non-price competition here:

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Davis' company is on the verge of signing a two-year agreement with Krauss Corp. to become Krauss' paper supplier for a three-st

Vera_Pavlovna [14]

Answer:

A. Delaney has committed tortious interference with prospective advantage.

Explanation:

A person can be charge with tortious interference with prospective advantage if that person purposefully sabotage a business relationship between the second party and the third party, which lead to monetary damage.

We can see this In the case above,

Delaney is interfering with business relationship between Davis (Second party) and Krauss Corp. (Third party) by threatening with physical harm. Resulting in monetary damage for Davis since he do not obtain the contrast that will give him a nice source of income.

7 0

3 years ago

You are interested in purchasing a new car and have done some research. One of the many points you wish to consider is the resal

kari74 [83]

Answer:

The 99% confidence interval would be given by (12004.26;12995.74)

Explanation:

1) Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X=12500$ represent the sample mean for the sample

$\mu$ population mean (variable of interest)

s=700 represent the sample standard deviation

n=17 represent the sample size

2) Confidence interval

The confidence interval for the mean is given by the following formula:

$\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}$ (1)

In order to calculate the critical value $t_{\alpha/2}$ we need to find first the degrees of freedom, given by:

$df=n-1=17-1=16$

Since the Confidence is 0.99 or 99%, the value of $\alpha=0.01$ and $\alpha/2 =0.005$ , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.005,16)".And we see that $t_{\alpha/2}=2.92$

Now we have everything in order to replace into formula (1):

$12500-2.92\frac{700}{\sqrt{17}}=12004.26$

$12500+2.92\frac{700}{\sqrt{17}}=12995.74$

So on this case the 99% confidence interval would be given by (12004.26;12995.74)

8 0

2 years ago

Suppose students like to eat pepperoni pizza, bean and rice burritos, and hamburgers (made from beef) from the food establishmen

Blababa [14]

Answer:

c. The price of cheese increases

Explanation:

Since the resources (money) are limited, the students have to choose among the three options they like to eat from the food establishments on campus.

pepperoni pizza,
bean and rice burritos, and
hamburgers (made from beef)

Reasonably, they will choose to eat the food that optimizes the use of their money, i.e. they search to optimize the utility they receive.

Since cheese is a fundamental ingredient of pizza, if the price of cheese increases, the price of pepperoni pizza shall increase.

Thus, students will swift from eating pepperoni pizza to eating more food from the other establishments on campus, including hamburguers (made from beef).

Therefore, if the price of cheese increases, most likely the quantity of hamburgers sold will increase.

8 0

3 years ago

Eagle Equipment Corporation discharges Jay, who then sues Eagle for employment discrimination under Title VII. Eagle learns that

Karo-lina-s [1.5K]

Answer:

The correct answer is D

Explanation:

Title VII of the 1964, Civil Rights Act, states the federal law and it prohibits the employers from discriminating the employees on the grounds of color, sex, religion, race and national origin.

So, in this case, Jay sues the corporation against this title, but the corporation learns that Jay lied on his job application and on this ground the corporation would fired him. This is done after acquiring the evidence and it is not a defense.

4 0

3 years ago

Assume milk is used to produce ice cream. Ceteris paribus, a decrease in the price of milk will cause the equilibrium price of i

MariettaO [177]

Answer:

Fall

Explanation:

Milk is an input in the production of milk.

decrease in the price of milk would increase the production of icecream.

An increase in production would lead to an increase in supply of milk.

When supply exceeds demand, equilibrium price drops.

I hope my answer helps you

5 0

2 years ago