Answer:
Explanation:
According to the law of demand,a rise in price leads to a decrease in quantity demanded and a fall in price leads to an increase in quantity demanded.
1.The price of a gallon of 2% milk has risen, therefore, quantity demanded decreases.
2.The price of laser tag has fallen,therefore,quantity demanded increases.
3.The price of dressers and desks has risen,therefore,quantity demanded decreases.
4.The price of pork shoulder has fallen from $3.99 per pound to $1.99 per pound,therefore,quantity demanded increases.
5.Another MP3 album comes free,with purchase of an MP3 album .This means the supplier have effectively halved the price.therefore,quantity demanded increases.
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Answer:
The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the <u>union</u> shop.
Answer: Conducting a situation analysis
Explanation:
B makes the most sense. Banks are in it for themselves too, they're not giving you money for no reason.<span />
Answer:
First mover; Late mover
Explanation:
In many cases companies who enter a market after innovative products have been introduced can achieve long-term competitive advantages by continuing to develop a better mousetrap. For example, VisiCalcwas the first company to introduce a desktop spreadsheet program but Lotus Notes cornered a large market share when it introduced the 1-2-3 program. Today, however, Microsoft's Excel is the dominant spreadsheet software program and has continued to endure due to the popularity of the Microsoft Office Suite of products. VisiCalc possessed a <u>First Mover</u> advantage while Microsoft enjoyed a <u>Late Mover</u> advantage.
First mover advantages: It is the marketing strategy of initiating any technique in the market to gain competitive advantages for being the first entrant with any new technique or technologies. It also helps in gaining brand recognition and market share.
Last mover advantages: It is another marketing strategy to gain competitive advantages by late introducing the product in the market after learning from the technique of competitors, it also helps in avoiding mistakes of rivals in the market.
In the given case, VisiCalc has enjoyed first-mover advantages as it was first one of its own type to be introduced in the market, however, Microsoft enjoyed last mover advantages as the consumer has found better and easier product than previous one, which was in the favor of Microsoft.
