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3 years ago

In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?

2 answers:

7 0

When a company has a monopoly on a product, there is no other competition so that producer can price the product however high they want. When there is competition, the product must be priced appropriately or the consumer will go to another option. Additionally, monopolies can result is a lesser quality product.

Readme [11.4K]3 years ago

5 0

Answer:

Prices will decrease when a market moves from a monopoly to a perfect competition mostly due to the fact that different providers of goods will try to outbid the other providers and will for that reason try to provide lower prices; to attract more customers.

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The process by which different individuals and units perform specific parts of the larger task is called ? user: the procedures

Elena-2011 [213]

Coordination is the right answer

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3 years ago

Read 2 more answers

Businesses often spend significantly more money on creating customer access for their products/service than they spend on advert

Ksivusya [100]

Answer:

The correct answer is:

True (A)

Explanation:

Customer access strategy is a framework or a set of standards, guidelines and processes, which defines the means by which a customer and the organization can interact, and means by which the customer has access to:

the relevant information needed to make purchases
the right logistics for the execution of a purchase

The arear of access are mainly information (value of the product, price of products, how products work) and logistics (means of getting the products, customer service on the after-purchase needs etc).

It has been studied extensively that companies are spending 3 to 4 times as much money on creating customer access than they do on advertising, this is because even if advertising is successful, the results will not be seen if customer access is not successful, and having an efficient customer access strategy can provide a competitive advantage to the producers.

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3 years ago

Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and r

Scilla [17]

Answer:

Explained below

Explanation:

KSAOs or knowledge, skills, abilities, and other characteristics, are the unique set of criteria required by a hiring agency or company for a particular job.

Henry, being the HR head at AAS Technologies looks for these features in a desirable candidates to find common sync between the job requirements and the capabilities of the candidate. It proves to be an effective method to filter out less desirable job seekers.

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3 years ago

What is the present value of a $400 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its pres

s2008m [1.1K]

Answer:

present value = $57.14.28

present value = $2857.13

Explanation:

given data

perpetuity value = $400

interest rate = 7% = 0.07

interest rate = 14% = 0.14

to find out

What is the present value

solution

we get her present value that is express as

present value = $\frac{perpetuity}{rate}$ ............1

put here value for rate 7% and 14%

present value = $\frac{400}{0.07}$

present value = $57.14.28

and

present value = $\frac{400}{0.14}$

present value = $2857.13

8 0

3 years ago

Ben & Jerry's, an ice cream manufacturer, is evaluating their strategies for days of supply. Typically, organizations with p

Phoenix [80]

Answer:

False

Explanation:

Perishable goods need to have fewer days of supply owing to their nature, as high days of supply might caause more spoilage and lead to higher inventory cost.

7 0

3 years ago