In _______, there are generally only a few large suppliers or sellers of a product or service.

1 answer:

8 0

There are four types of market structures namely; perfect competition, monopoly, monopolistic competition and oligopoly. Perfect competition is where large number of small firms compete with each other with a homogeneous product. In a monopoly market there is only one producer of a given product who determines the price of the product. In monopolistic competition the market combines the aspect of monopoly and perfect competition. In this case, In Oligopoly there are a few suppliers or sellers of a particular product.

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Dante, an operations manager at Therma-Pro Insulation, has been put on a big project with a tight deadline. He distributes half

gregori [183]

Answer: Delegation.

Explanation:

Dante being the operations manager in his company has delegated, half of the project work to the supervisors working under him. Delegation involves a higher authority giving a duty to a subordinate to carry-out, of which the subordinate must give a report at the end, on how the duty was carried out.

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3 years ago

________ refers to setting price based on buyers' perception of value rather than on the seller's cost.

melomori [17]

Answer:

Value based pricing

Explanation:

Value based pricing is a pricing strategy that includes setting a price based on how much the customer believes the product you’re selling is worth.

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givi [52]

Answer:

The correct option is false.

Explanation:

Knowing the past inclination is said to exist when an individual overestimates his/her capacity of foreseeing the results of any occasion which are by difficult to be anticipated.

For instance, an individual X anticipating the triumph of Indian group as the consequence of India-Australia cricket coordinate. In spite of the fact that the Indian group may dominate the game, yet that was not a result of the expectation of individual X's forecast.

Here, Eduardo isn't anticipating any results, however is adhering to being honest and straightforward to his clients. Henceforth, knowing the past predisposition doesn't exist.

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3 years ago

A firm that has the ability to control to some degree the price of the product it sells

Llana [10]

I believe the answer is Monopolist.

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3 years ago

Quest Outdoor Store orders River Run-brand kayaks from Sports Merchandise, Inc. Sports Merchandise ships kayaks of the wrong siz

Sidana [21]

Answer:

Sports Merchandise

Explanation:

According to the situation that has been described in the question it can be said that the loss is suffered by Sports Merchandise. This is because a the seller of a good or product is liable for that product until the buyer purchases the product and decides to keep it. Which in this scenario since Sports Merchandise made a mistake on the product size and Quest decided not to accept the product then the responsibility and risk of loss remained with Sports Merchandise as the owner of the product.

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3 years ago

In​ _______, there are generally only a few large suppliers or sellers of a product or service.

In _______, there are generally only a few large suppliers or sellers of a product or service.