Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
Answer:
The correct word for the blank space is: Compatibility.
Explanation:
Compatibility is how relevant is a good or service for consumers according to their habits. If the product is closely related to the needs, preferences, convictions, and costumes of the buyer it is said that the product compatibility is high and, if it does not match, the product compatibility is low.
Answer:
Cost management is the process of estimating, allocating, and controlling project costs. The cost management process allows a business to predict future expenses to reduce the chances of budget overrun. Projected costs are calculated during the planning phase of a project and must be approved before work begins.
Explanation:
I know the answer by heart
Answer:
The correct answer is letter "A": inconvenience.
Explanation:
Customer inconvenience refers to the state in which the usefulness of the good or service does not meet the customers' needs. Under this scenario, clients prefer to look for a substitute that better matches their expectations. Companies must constantly gauge consumers' perceptions through different mediums such as surveys to identify improvement areas.