High levels of competition characterize the market in which Ken's Lawn Service Co. operates. Why doesn't Ken strive to increase his revenue by lowering his pricing below the competitive market price given that he can sell as much as he wants at it
Perfect competition market refers to a fictitious market structure. A scenario with perfect competition excludes monopolies. The following characteristics of this kind of structure are crucial: Each business is a price taker (they cannot influence the market price of their products).Market share has no bearing on price adjustments. The products being sold and the prices being charged in the past, present, and future are all fully known to the customers
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Answer:
b. planning, organizing, leading, and controlling
Explanation:
The management is an achievement of organizational goals in an effective as well as an efficient way through <u>organizing, planning, controlling and leading</u> organizational sources. Basically organizational goals are strategically placed aims that plan expected outcomes furthermore supervise subordinates' efforts. There are three kinds of organizational goals they are as follows:
* Tactical
* Strategic
* Operational goals
Organizing, planning, controlling and leading are the qualities that are very effective.
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Unsecured bonds, these bonds are also called debenture bonds.
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Answer:
Becky
Explanation:
A person has absolute advantage in the production of a good if she produces more quantities of the good compared to the other person.
Susan produces 4 pizzas in an hour while Becky produces 5 pizzas in an hour. So, Becky has an absolute advantage in the production of pizzas.
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