Answer: Harder to sustain cooperation
Explanation:
When the number of firms in an oligopolistic market increases as is the case here, cooperation becomes harder because profits become smaller so companies start to become more selfish.
Also in this scenario, the cheating firm has the incentive to do so because the profit is so much higher than sharing so companies will always be looking to cheat in order to make this profit. The other firms would reply by reducing prices and all of them would suffer.
Answer:
economies of scale.
Explanation:
Economies of scale -
It refers to the edge over the cost of the company , which is due to the very efficient production rate , is refer to as economies of scale .
Economies of scale can be both external and internal .
This process can be done by increasing the production of the goods and services , and thereby reducing the overall cost of the product , and more number of consumers will try to grab the product , and hence ,
The profit of the company will increasers .
Hence , from the given scenario of the question ,
The correct answer is economies of scale .
Answer:
The correct answer is letter "C": Inventory management.
Explanation:
Inventory management refers to the concepts, tasks and management skills that are involved in managing an inventory. Order and purchase of raw materials, warehouse layout, storage, unit estimation, production scheduling, and just-in-time management are some examples.
Inventory management is important so that suppliers can schedule their operations and consumers can have the goods that satisfy their needs available.
Answer: Risk taking
Explanation:
The risk taking function is one of the most important function in the marketing as it manage all the losses and also the failure potential in the marketing.
The risk taking function includes the product development, experience of the user or consumers, distribution and the promotion in the market.
According to the given question, a manufacturer organization is uncertain about the product that whether the consumers want the product or not so that is why the organization is experiencing the risk taking function in the market.
The following are some types of risk in terms of marketing that are:
- Product risk
- Operation risk
- Price risk
- Sales risk
A mobile phone is used by a user to perform communications-related tasks . It is used to transfer data between systems.
The most commonly used wireless communication protocol for cellular services. It employs packet switching technology, which divides data into packets for transmission before reassembling it at the other end. GSM is a digital cellular technology that provides mobile data and phone services on a wide range of devices. The Global System for Mobile Communication (GSM) is one of the 2nd telecommunications standards (2G). GSM is simply a wireless network that allows data to be transferred between mobile devices.
Find out more about communication here-
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