Answer:
Perfect Competition, Imperfect Competition, Oligopoly, and Monolopy
Explanation:
There are four basic types of market structures: perfect competition, imperfect competition, oligopoly, and monopoly.
Answer:
1. Test market
2. Buzz or Word of Mouth Marketing
Explanation:
1. Test market is made up of a particular group of people who are used in checking feasibility of a product before bringing it out to the larger or general market. They are used to check how the general market would perceive the product once release. It is used in measuring consumer's response to a new product before introducing it to the larger market.
2. Buzz marketing involves or rather refers to the situation whereby a satisfied consumer/customer passes along information pertaining to a particular product to another consumer/customer. It is a situation whereby a person recommends the use of a particular products to another customer. It involves using word of mouth marketing to works in one's favour.
Answer:
Option (C) is correct.
Explanation:
Return on the stock = (Dividend ÷ Investment) + (capital gain ÷ investment
)
= (Dividend ÷ Investment) + (Final price of the stock - initial price of the stock) ÷ Investment
10 = (1 ÷ 20) × 100 + ((final price - 20) ÷ 20) × 100
10 = 5 + 5 × ( final price - 20)
Final price = 21
Therefore, the stock price should increase by [(21 - 20) ÷ 20] × 100
= 5%
Answer:
Fit dimension
Explanation:
Utility function is the function which is vital that measures the preferences over a set of the services or goods. Utility states the consumer or the customer satisfaction, receiving the consuming and choosing the service or product.
Consumer utility function is the function which states the satisfaction or contentment of the customer. So, if the firm or the company who is offering the tailor made ( which means as per the requirement of the customer), to the customer that appeals the fit dimension of the utility function of the customer as it captures how well the service or the product matches the characteristics of the given customer.
Answer:
The answer is significantly.
Explanation:
Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.
The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors
