<u>Answer:</u> Option B
<u>Explanation:</u>
Revved Rider company is the market leader as the company possess a superior engine technology that is not owned by other companies. This proves that the company has competitive advantage of technology over the competitors in the market.
Competitive advantage means having an advantageous quality which the other companies do not have in the market. When a company has competitive advantage it can become a price leader or market leader. It also becomes the consumer's most preferred company when compared to other companies.
In this question, we are not provided with the specific numbers that are necessary to produce a graphical approach. Therefore, we cannot provide that part of the answer. However, we are able to talk, in general terms, about what an increase of grain production in the United States would cause in the rest of the world.
This is an effect of what is known as globalization. Globalization refers to the integration of the world's markets in goods and services, as well as flows of investment and people across national boundaries.
In order for globalization to take place, several processes have to occur first. Nations begin specializing in the production of good and services in which they are relatively low-cost producers. This allows for mutual gains for people in trading countries. However, while some groups might benefit, some others might be harmed by this pattern, such as those producing the goods that compete with the imports. In this example, some countries might benefit, but those that compete with the United States in terms of grain production might be damaged by the increased production of the United States.
The percentage of 250000 to 180000 is 72% or answer D
A relatively inexpensive item that merits little shopping effort, is called Convenience product.
<h3>
What is the Product?</h3><h3>
</h3>
Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.
Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.
In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.
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An example of a natural monopoly industry operating in South Africa include "Eskom".
<h3>
What is natural monopoly?</h3>
A natural monopoly occurs when there is an instance in which it is economically viable and better for a single entity to be in full and sole control of the production of a product or service.
Moreover, a natural monopoly is the fact that natural monopolies have extreme economies of scale. It can only start to become profitable when one single firm is able to service the majority of the market.
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