The first thing Karen and Anika should do is to understand the position of competitors by using the positioning process.
<h3>What is positioning?</h3>
The process of positioning refers to the establishment of a business and its products in the market by creating awareness about it. This product positioning helps to create an image of the products among customers.
This product positioning helps the consumers to compare the product with competitors and identify the product with brand value. It also helps to recognize our products with similar products available in the market.
Therefore, Karen and Anika need to understand the position of their competitors if they wanted to provide their services in a market that has already startups and firms.
This helps them to settle the unique value of their products among customers after recognizing the value of competitors' products.
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Answer:
gain surplus from paying a lower price
Explanation:
An effective price ceiling will cause consumers to "gain surplus from paying a lower price."
This is based on the idea that an effective price ceiling usually leads to prices being below the equilibrium price or equates to a lower price.
At this point, the buyers demand more of the products, while the sellers have a lower incentive to produce more. And therefore, the quantity demanded will exceed the quantity supplied.
Hence, consumers gain excess (more demands) by paying a lower price.
Answer:
Market control by a few large firms
Difficult entry
Mutual interdependence
Explanation:
In the case of oligopoly as we know that there are very little large firms and each kind of firm generates the important portion of the total output. So each market have the market control
Also the main reason behind the barrier with regard to new firm entered is the barrier for the few firms. The reasons like patents, large capital needed are some reasons that makes it difficult for entering
In addition to this, they are mutual interdependent. This implies that the one firm action would impact the other firm action and according to this, the price and the level of output would be determined
Hence, the above represent the answer
Answer:
32.88%
Explanation:
For computing the rate we need to apply the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $42,000
Future value or Face value = $0
PMT = $4,154.50
NPER = 12 months
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying this above formula, the rate is
= 2.74% × 12 months
= 32.88%
Answer:
B) Buy €1,000,000 forward for $1.55/€.
Explanation:
To calculate the expected profit consider the following data and formula:
Amount in actions: 1.000.000
Spot exchange rate: 1.62
Three month forward calculation: 1.55
Expected profit=1,000, 000 *( 1.62 - 1.55) = 70,000.00.
