There are several ways a firm can compete without lowering their prices and they all involve differentiating themselves from competition. This is done by:
- having a product with actual physical differences (samsung and Apple phones compete because they are similar but ultimately have different features)
- Providing better service: there may be 100 dry cleaners in your city, but if one always makes sure your clothes are perfect and treats you like a valued customer you will go to them even if they don't cut prices.
- Advertising - ads will increase the recognition of the brand and help it stand out in the marketplace without having to attract customers by dropping the price
Answer:
$1.9
Explanation:
The computation of the earning per share is shown below:
Earning per share is
= Net income ÷ Weighted number of oustanding shares
= $380,000 ÷ 200,000 shares
= $1.9
By simply divide the net income from the Weighted number of oustanding shares, the earning per share could be determined
Hence, the earning per share is $1.9
The correct option is D.
Some natural resources have been predicted that they will soon be depleted. This forecasting has not materialized because the government has increased its efforts to conserve the presently available resources and to also look for other alternatives or more of these resources.
If the number of buyers of a good increases, the demand for the good will <u>increase</u> and the demand for labor used to produce that good will <u>normal</u>.
The logic behind the demand and supply model is straightforward. The volume of a specific commodity or service that consumers will be able and willing to buy over time at each price is shown by the demand curve.
The supply curve depicts the volume of goods that merchants will offer for sale over that period at various prices.
We should be able to determine a price where the quantity of items buyers are willing and able to buy equals the quantity of goods sellers are willing to offer for sale by combining the two curves.
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Answer: False
Explanation: Static budget refers to that budget which is made for the upcoming period. A static budget incorporates anticipated values of inputs and outputs in it. It does sometimes assumes extreme business environment conditions.
Therefore, it is not feasible to compare the actual budget with the static plan as there is a high chance that both will differ by a high amount.
Hence, the given statement is false.