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earnstyle [38]
1 year ago
8

First movers are? a. firms that take an initial competitive action. b. firms that are first to exit a declining indus

Business
1 answer:
hjlf1 year ago
8 0

First movers are firms that take an initial competitive action.

A service or product that enters the market first and captures a competitive advantage is known as a first mover. Being the first usually allows a business to build a strong brand awareness and client loyalty before rivals enter the market. Other benefits include having more time to perfect its offering and determining the new item's selling price.

Industry's first movers are virtually always followed by rivals looking to capture market share and capitalize on their success. The market share held by the first mover is frequently maintained because it has built a strong enough client base and a large enough market share.

Learn more about first mover here

brainly.com/question/20714310

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Purchasing a diamond represents ________ because consumeres buy diamonds infrequently and have no estabilished criteria for eval
Vesnalui [34]

Answer: Purchasing a diamond represents <u>Extensive problem solving </u>because consumeres buy diamonds infrequently and have no estabilished criteria for evaluating them

Explanation:

<u>Extensive problem solving is </u>the process of a customer trying to get all the information they need in order to be able to buy a product . This is likely to occur when the customer is purchasing a product that they have not bought before.

7 0
3 years ago
Suppose you were considering depositing money in a savings account at two different banks. Each bank will pay 5% interest. Howev
Nastasia [14]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Bank-B is better to invest because it has higher Future value due to higher effective annual interest rate.

4 0
2 years ago
What would cause an increase in the equilibrium price of a good?
crimeas [40]

Answer:

Demand and supply

Explanation:

Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.

5 0
3 years ago
A price ceiling will have NO immediate effect if: a. it is set above the equilibrium price. b. the equilibrium price is above th
ioda

Answer:

A. Set above equilibrium price

Explanation:

A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.

If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.

Option A is correct because... (please refer attached diagram):

When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.

4 0
3 years ago
According to Vroom, a manager who presents the problem to the group at a meeting, defines theproblem and its boundaries, and the
Phantasy [73]

Answer:

The correct answer is C

Explanation:

Consult means that the person is seeking or giving advice whether in a group or individually. In this case, manager presents the problem to the group at the meeting, and their define the problem, facilitates discussion so that members could make the decision.

The manager is using the consult style which is individually for the participation of subordinate.

3 0
3 years ago
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