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2 years ago

a product possesses a competitive advantage when it enjoys a superior position over competing products because

Business

1 answer:

Lana71 [14]2 years ago

8 0

Compared to other products in its category, consumers think it is more valuable.

<h3>What does a competing product entail and Types of competitive products?</h3>

The items and services that your target market could prefer over yours are called competitive products. By comparing a competing product's characteristics and solutions to your own, you may determine which one it is.

Competitive goods might include:

Clothing and toys are examples of tangible goods.

Streaming media apps, online courses, and ebooks are examples of digital goods.

Live events, such as gatherings, shows, and festivals.

Consultative, coaching, and design services are examples of professional services.

Types of competitive products:

Direct competitive products.

Indirect competitive products.

Replacement competitive products.

To know more about competitive products visit:

brainly.com/question/27302605

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If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, th

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The correct answer is that the price elasticity of demand is elastic.

Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.

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3 years ago

Novak Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January

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Answer: See explanation

Explanation:

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3 years ago

Modern Art Online is preparing to sell new shares of stock to the general public. As part of this process, the firm just filed t

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d. Registration statement

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3 years ago

Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces

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Answer and Explanation:

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For material = 2,080 × $15.66

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For conversion = 930 × $6.23

= $5,793.90

For total cost of work in process inventory = $32,572.80 + $5,793.90

= $38,366.70

b. The computation of cost of the units completed and transferred out for materials, conversion, and in total is shown below:-

For material = 21,700 × $15.66

= $339,822

For Conversion = 21,700 × $6.23

= $135,191

For total cost of completed and transferred units = $339,822 + $135,191

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4 years ago

Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa

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