An electronics manufacturer in Japan has developed a training program to train the support staff in their foreign markets on rep
air and maintenance of their products. The firm also ensures that there is enough stock of spare parts in all their distribution centers. The company is making improvements in the _____ component of the product. A) core
B) support services
C) packaging
D) design
E) global
Support services refers to services offered to customers after they buy a good from the company to provide assistance or fix a problem they have with the product. These support services are important when customers buy a product because they are interested in the availability of post-sale services that will help them if issues arise after the purchase. So, the company is making improvements in the support services component of the product because they are training their support staff on repair and maintenance of products and they are ensuring that there are enough spare parts available.
Yes it can be applied. If an investor is pessimistic that a certain risk that they fear will occur, they avoid investing in the fields prone to the risk. For example, if an investor is offered an opportunity in the oil and flammable fuels and the persons dreads fire, that person declines the offer no matter how viable it is.
Answer:B. if transaction costs are low, private bargaining will result in an efficient solution to the problem of externalities.
Explanation:
The coarse theorem:
If there is a conflict between parties this will lead to an effecient results irrespective of who won the right to the property as long as the transaction cost related to the price negotiation is insignificant.
