When the price for a good or service is high then supply increases.
Price is the sum that the producer receives for each unit of an item or service that is sold. A rise in price nearly always results in a rise in the amount of that good or service supplied, whereas a fall in price results in a fall in the amount supplied.
The widespread consensus is that demand slopes downward because customers buy less when prices are greater. The price at which supply and demand are equal is represented by the intersection of the two curves as the market-clearing price.
When a good's price is higher than equilibrium, this indicates that there is more supply of the good than demand for it. The product is available in excess on the market.
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Answer:
The correct answer to the following question is Customer training .
Explanation:
When it is not easy to differentiate between the products, what business can do to get competitive advantage is to add some valued services with the product and improve the quality of the product. The service that can be added are order easing , customer training, customer consulting, deliver, installation, maintenance and repair.
Here customer training means providing the customers with necessary training and tools , which would help them in successfully using the product and services.
Answer: See explanation
Explanation:
1. The return on investment for Osaka will be:
= (816000/10200000) × (10200000 × 2550000)
= 32%
The return on investment for Yokohama will be:
= (3200000/32000000) × (32000000/16000000)
= 20%
2. See attachment
3. Yokohama’s greater amount of residual income is not an indication that it is better managed. Since Yokohama Division is bigger than Osaka Division, it's expected that Yokohama will have a greater residual amount.
Answer:
C) Benefit packages are more difficult to understand by employees than pay structures.
Explanation:
