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Aleonysh [2.5K]
1 year ago
10

firms operating in a/an market, sell their product in a market with many other firms who produce identical or extremely similar

products.
Business
1 answer:
frozen [14]1 year ago
4 0

The firms operating in a  perfectly competitive market, sell their product in a market with many other firms that produce identical or extremely similar products.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

When all businesses sell identical goods, market share has no effect on prices, businesses can enter and exit the market without any restrictions,  and businesses are unable to set prices, perfect competition is said to present.

Learn more about perfectly competitive, here:

brainly.com/question/13961518

#SPJ1

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A person with a poor self-concept is more likely to be hired for a position, because they are easier to “mould”.
Charra [1.4K]

Answer:

False.

Explanation:

Self-concept describes the kind of person or personality an individual thinks he or she has.

People that have a realistic self-concept about themselves basically see themselves as they are, not what they or the society at large wants them to be.

The statement that a person with a poor self-concept is more likely to be hired for a position, because they are easier to “mould” is false and an absolutely incorrect notion.

First of all, no organization is interested in hiring an individual with a poor self-concept because they can't add any value to the organization in the long-run.

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3 years ago
Researchers asked homeowners for permission to install a large, poorly lettered sign in their front yards. only 17 percent of th
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3 years ago
If tommy has two polo shirts and one gets stained and he throws it away how much polo shirts is he left with ?
notsponge [240]
He has one left....
6 0
3 years ago
What are the two types of memory on a computer? *
vivado [14]

Answer:

RAM ;   Random access memory(primary-volatile memory).

ROM ;  Read-only memory(primary non-volatile memory).

Explanation:

4 0
3 years ago
Which of the following is an example of cannibalization? Group of answer choices A toothpaste manufacturer adds a new line of to
Elis [28]

Answer:

<u><em>The corrects answer is:</em></u> A toothpaste manufacturer adds a new line of toothpaste (that contains baking soda) to its product line.

Explanation:

Cannibalization is a market strategy that can occur without the company's intention, and can be defined as when a company replaces a product on the market with a similar new product, as in the example above, when a toothpaste manufacturer adds a new one line of toothpaste (containing sodium bicarbonate) to its product line.

This strategy can be detrimental to the company, since there may be less sales of an existing product for a similar product, which consequently generated higher production costs for the organization, therefore it would not be characterized as gains for the company, but as losses , as this strategy would not increase the company's market share, but a detriment of one product by another.

Therefore, it is necessary that there is constant monitoring of each product in the company so that cannibalization does not occur and each product contributes to the company's profitability individually.

8 0
3 years ago
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