<span>If there's a perfectly competitive market in which no market failure occurs and no government policy interferes with the equilibrium price and quantity, this is what you called deadweight. Deadweight loss in business is described as an inefficiency made in the market because of the demand and surplus matter that creates disadvantages to the society.</span>
Answer:
Service Quality Gaps
Explanation:
Service Quality Gaps is one of the value gaps that can undermine customer experiences and can damage relationships.
This is because, customer satisfaction can be measured based on the service quality the customer receives, and if the customer is adequately satisfied, he would continue to patronise the company, but if he is not satisfied, it could damage relationships.
Answer:
31.42%
Explanation:
The computation of the estimate of the percentage reduction in present overhead costs per month is shown below:-
n = log s ÷ log2
= log 0.90 ÷ log 2
= -0.152
Now we will use the learning curve equation which is here below:
Z30 = 1.15X × 30^(-0.152)
= 0.685765148
So, the cost is reduced by
= 1 - 0.685765148
= 0.314234852
or
= 31.42%