Answer:
B) raise costs and increase demand for its product
Explanation:
A monopolistic competition is when there are many firms operating in an industry. The firms sell differentiated goods and set the market price for their goods and services.
Monopolistic competition engage in advertisement to increase the awareness for their goods.
If advertising is successful , it increases the demand for their goods and services.
Advertising also increases the cost of production.
I hope my answer helps you.
Answer:
planning; marketing plan
Explanation:
The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.
Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.
The company could make the prices as high as they want. This is also means the company basically rules the business.
Answer:
The revenue recognition principle
Explanation:
The revenue recognition principle states that revenue should be recorded when services have been performed or products have been delivered to customers and not when cash is received for the service rendered
For example, if a supplier delivers 10,000 worth of goods to consumers in November and is paid for the goods in December. Revenue should be recognised in November and not December.
