Answer:
High volume
Low cost
Moderate speed of delivery.
Explanation:
High - volume : The train can a large volume of goods at a single time as high number of coaches can be added to the train.
Low - cost : As the volume of goods carried in a single time by train is very large therefore the cost of transportation reduces to lowest than other means like air logistics.
Moderate speed of delivery : The speed of logistic delivery from one part to another part is comparatively lower than the air logistics transport system but is more than the road logistics transport system in terms of long distance like in different states.
Answer:
Jenny is engaging in Limited Decision Making.
Explanation: Limited Decision Making is the process in which a consumer spends time to compare between products and services that they are familiar with, but will need time to come to a reasonable decision that they believe is worth their money.
Sometimes, customers may come across brands that are unfamiliar within a familiar category, they will therefore need to gather information about this brand, and how it compares to the familiar brands that they are used to. This is also Limited Decision Making.
An example is when a consumer finds a new soft drink among familiar soft drinks that he/she is used to.
Answer:
Explanation:
The constraints we have are two in number.
1. Sam and Kori cannot sit next to each other
2. Lynn and Kori need to sit next to each other.
Both options A and B satisfy both these constraints because Sam and Kori are seated apart and Lynn and Kori are seated together.
Option C satisfies only one constraint which is that Kori is sitting next to Lynn. She is sitting next to Sam however so this option is wrong and by extension, so is option D as well.
Answer:
The correct answer is letter "A": Mary Beth grows cotton. She finds that she can always sell her entire crop at the market price. However, if she asks a price that is even slightly higher she cannot sell any of her cotton.
Explanation:
Perfect Competition is a market where competition is at the highest degree possible. Perfect competitive markets have the following characteristics:
- <em>All companies sell the same goods or services. </em>
- <em>All companies are price takers. </em>
- <em>All firms have relatively small market shares. </em>
- <em>Buyers have full product and price information. </em>
- <em>The industry is characterized by low or no barriers to entry and exit of the industry.</em>
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Thus, <em>in Mary Beth's case, she cannot ask for a different price than the one of the market because in a perfectly competitive market it is controlled by supply and demand. Companies cannot set the price.</em>
A motive is a drive to do something.
