Answer:
superior customer service.
Explanation:
The value driver for GiftBasket is its superior customer service. This is because they are providing services alongside their product to make the buying experience for the customer both unique and extremely positive. These are services that the competitors are apparently not offering and therefore outweigh's the increased price for the product while still making it worth buying for the customers. These services include, customer support, fast delivery, returns, etc.
Answer:
a. Without wasting time, the team member has to inform the Lead/Onsite coordinator and take up another task.
Explanation:
Iteration is a repetative process, where process is repeated until it get closer to the desired result. It is important to inform the team member without wasting much of time, so that they can coordinate or team member can take up another task from the queue. Iteration planning is the collabrative exercise, team work is important as goal and task are set in a team meeting. This is considered as slower process than new algorithm process.
Answer:
A. Answer questions about the project prior to submittal of proposals
Explanation:
A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.
Answer:
B. monopoly firms but not for competitive firms.
Explanation:
Marginal revenue can become negative for monopoly firms but not for competitive firms.
A monopolist’s marginal revenue is always less than or equal to the price of the good.
Marginal revenue is the amount of revenue the firm receives for each additional unit of output. It is the difference between total revenue – price times quantity – at the new level of output and total revenue at the previous output (one unit less).
Since the monopolist’s marginal cost curve lies below its demand curve. When a monopoly increases amount sold, it has two effects on total revenue:
– the output effect: More output is sold, so Q is higher.
– the price effect: To sell more, the price must decrease, so P is lower.
For a competitive firm there is no price effect. The competitive firm can sell all it wants at the given price.
So the marginal revenue on a monopolist's additional unit sold is lower than the price, <u>because it gets less revenue for selling additional units.</u>
<u>Marginal revenue can become negative – that is, the total revenue decreases from one output level to the next.
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