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STatiana [176]
3 years ago
7

Rules that prevent the creation and behavior of are called antitrust laws.

Business
2 answers:
iVinArrow [24]3 years ago
6 0
To prevent monopolies. The law was also created to make competition in the market place.
ollegr [7]3 years ago
5 0
Rules that prevent the creation and behavior of monopolies are called antitrust laws. 
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Answer the following questions using: (a) shoes,(b) barbecue grill,(c) car,(d) toaster,(e) iPad, and( f ) adopting a pet from a
vfiekz [6]

Answer: Reference group is very important in purchasing the items listed above, this is because in our society today, everyone wants to use the best product, and products that are recognized for its customer's satisfaction.

Reference group is important because they influence the decision of consumers when trying to purchase a particular product, reference group can be friends, experts, family or neighbors who an individual can approach to seek for more information about a particular product, especially when purchasing a product we have never used before, this is like seeking for consumer reviews.

We believe that a product with more customer review is safe to purchase, for example while getting a new car or iPod we might want to ask for its longevity, how expensive the spare parts are if spoilt and so on, we often based our decision on what most people think about it.

2. Yes their influence will affect the brand or model purchased, this is because while seeking the help of a reference group they tend to recommend some best brand in the market on which the consumer make the final decision on.

3. Their influence on the items listed above can be informational this is because when a reference group influences a consumer behavior or decision based on giving fact or information on the social, financial and performance risk of a particular product, especially in a situation where the consumer has little or no knowledge about the item to be purchased for example like the car, iPod and others, this kind of influence is informational.

7 0
3 years ago
Outlines five roles of the safety and health representatives by securing the work environment
irakobra [83]

Answer:

employee training; protection for workers from potential hazards; and communication about hazardous accidents, should they occur.

Explanation:

7 0
4 years ago
3. What are you doing to maxiumize your profits at this time?​
Zanzabum

Answer:

investing

Explanation:

it is good to invest your money in things that you know will be of greater value in the future. For example, "Apple statistics" states that If you had bought $1,000 worth of Apple shares on January 9, 2007, the day Steve Jobs unveiled the original iPhone at MacWorld 2007, your investment would now be worth $26,103.

8 0
4 years ago
Read 2 more answers
Suppose Hubert and Kate form a cartel and behave as a monopolist. The profit-maximizing price is $ per gallon, and the total out
ArbitrLikvidat [17]

Consider a town in which only two residents, Hubert and Kate, own wells that produce water safe for drinking. Hubert and Kate can pump and sell as much water as they want at no cost. For them, total revenue equals profit.

The following table shows the town's demand schedule for water,

Quantity Demanded Total Revenue (Dollars per gallon) (Gallons of water) (Dollars) $247.50 $450.00 $607.50 4.00 180 $720.00 $787.50 3.00 270 $810.00 $787.50 2.00 $720.00 $607.50 $450.00 $247.50 (Look at attached image for clearer image)

Answer:

$3, $810

Explanation:

By carefully examining the table above we can infer that Hubert and Kate's profit is maximised at $3 unit price.

The total output at this point is 270 with a total Revenue of $810, implying that they will share the amount equally 810/2= $405 for Kate and $405 for Hubert.

4 0
3 years ago
Joe is reviewing secondary data his company collected about seasonal variation in consumer spending because he is thinking about
Rainbow [258]

They are fast easy and cheaper, but offer less control and customisability.

4 0
4 years ago
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