Answer:
D. demand is unitary elastic.
Explanation:
A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E.g. price decreases by 10%, then quantity demanded will increase by 10%.
The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.
Answer: Belinda sends an email to Equador offering to sell her entire entertainment set to him for $2,500. Equador responds that the price seems a bit high and offers to buy the entertainment set for $2,000. Equador’s response is considered a <u>counteroffer.</u>
Explanation: A counter offer is an offer that improves or modifies another already submitted by the competition or the contrary in a negotiation.
In this case, Belinda makes an offer to Equador and since Equador seems like a very high price, it responds with a Counter Offer by modifying the initial offer in its price.
Answer:
Broad Cost Leadership
Explanation:
There are 4 generic business strategies in M. Porter's Model:
- Cost leadership ( Competitive advantage: Cost / Broad markets)
- Cost Focus ( Competitive advantage: Cost / Narrow markets)
- Diferentiation Leadership ( Competitive advantage: Differentiation / Broad markets).
. Differentiation focus: ( Competitive advantage: Differentiation / Narrow markets)
In the case of cost leadership is a set of actions designed to have lower cost in the market based on efficiency
In this case,the market is the airline industry where Southwest is compiting but its strategy is to have a basic quality product based in its cost efficient proposal.
The answer to this question is false
Answer:
Independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly.
Explanation:
The reason is that start-ups that are venture capital based outform because the investors who offer venture capital believes that the product offering of the start-up business will have higher growth and that the demand of the product is high enough to meet the demand of the customers. Such start-ups are mostly focused on people's problems solutions. Thats the reason why independent venture capital based start-ups show increase in revenues and significant growth.
