Advertising is a technique used by firms in monopolistic competition to create product differentiation. The goal of product differentiation and advertising in monopolistic competition is to make sure the the market is under control, and as a result, charge a higher price
Explanation:
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Answer:
the gross profit of XYZ is $294,000
Explanation:
The computation of the gross profit is shown below:
= Revenue - cost of goods sold
= $485,000 - ($38,000 + $186,000 - $33,000)
= $485,000 - $191,000
= $294,000
Hence, the gross profit of XYZ is $294,000
The above formula should be used for the same
Answer:
c because isnt 2000=20% of 10000 so 40%
Explanation:
Answer:D Product line
Explanation: A product line is the variety of related products that has the same uses and produced by a particular manufacturer. Product line is a part of the product mix.
Product line is a strategy used by a manufacturer to keep its consumers by manufacturing closely related product for the same use by consumers.
Answer:
The correct answer is (B)
Explanation:
Assurance refers to financial inclusion that gives compensation for goods and service. Assurance is partially different than insurance, assurance is partially implemented for an unlimited period. The company wants assurance because of the lack of confidence due to bad past experience. Assurance or insurance is usually provided to the customers to regain their confidence. In this scenario it is feasible to request a guarantee before placing next order.