Answer: a non price position
Explanation: In simple words, it refers to a situation in which an organisation differentiates itself in the market on the basis of the quality of their product. The brand image of such organisations is so strong that customers do not care about the high prices they pay.
In the given case, Pool pak specializes their product by having best technologies and high quality.
Thus, we can conclude that the given case depicts non price posityion.
Answer: 3200 tonnes
Explanation:
Rice production in 2001 = 1000 tonnes, which represented a 25% of total food gain in 2001.
Total food grain production in 2001
= 1000 × 100 / 25
= 4000 tonnes
In 2002 production of rice decreased by 4%
= 1000 - 1000 × 4 ÷ 100
= 960 tonnes
Total food grain production in 2002
= 3200 tonnes
Answer:
$8,300
Explanation:
Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1
Using this formula
Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2
Let plug in the formula
Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)
Incremental Profit of option 2 over option 1= $10,800 - $2,500
Incremental Profit of option 2 over option 1= $8,300
Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300
The market structure that cellphone service falls into is an oligopoly. This is because telco service providers are only a few the barrier to enter the market is high. The companies can also achieve short run and long run profit. After price fixing, the oligopolist generated lesser total revenue.
