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andrew-mc [135]
2 years ago
8

Choose two brands (use either products or services) that you have used repeatedly. Describe:

Social Studies
1 answer:
nikdorinn [45]2 years ago
4 0

Answer:Nokia and Toyota

Explanation:

Nokia

I was attracted to Nokia due to the quality of their phones after I have seen my grandmother who had their phones for years without experiencing any issues with it.

Their phones are not fancy on the outside but they last longer without giving you problems and the life of the battery on their phones is of high quality.

I can always trust that the battery won't die on my way even if I embark on a long journey without charging alone the way.

I associate it with quality and strength.

I trust this brand which is why I have sticked to it for years now it's the service they provide and the product that they provide and they have never disappointed me with their products .

I know that they are consistant.

Toyota

Toyota attracted me due to the quality but reasonable priced cars , they have cars which are of high quality but still any ordinary human being can afford them .

I associate this brand with class, best priced cars and quality .

I have sticked by this brand because most of their service is of high quality even their stuff members know how to give you the best service one can ask for and that has been a consistent experience.

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Answer:

2,000 to 1,000

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Thus, in this case, it was initially 5 firms, with no special market share allocated to each of the firm, hence, it is assumed they shared the market share equally, and that will be 2,000 HHI. This shown by each of the 5 firms having 20% market share

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