The ongoing set of competitive actions and competitive responses that occur among firms as they maneuver for an advantageous market position is called competitive rivalry.
Aggressive competition is the continued set of aggressive moves and competitive responses that occur amongst corporations as they maneuver for an nice market position. competitors are firms running in the equal market, supplying similar merchandise, and concentrated on similar customers.
Creates a positive picture of your emblem or product: Positioning in advertising lets in you to influence how others view your product. in case you create materials that show the product in a effective light, customers may partner you this, that may result in extra purchases.
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Answer: $52,840
Explanation:
The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.
= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year
= 50,000 + (7% * 12,000) + (12,000 - 10,000)
= $52,840
Answer:
1. Dave has 23 ($10 coins) and 18 ($20) coins.
2. Dave has 18 ($10 coins) and 16 ($20) coins.
Explanation:
1.
Let x be the number of $10 coins.
Then, the number of $20 coins will be 41-x.
The equation for the sum of money can be written as:
590 = 10x + 20 * (41-x)
590 = 10x + 820 - 20x
590 - 820 = -10x
-230 / -10 = x
x = 23
This means that Dave has 23 $10 coins and (41-23 = 18) 18 $20 coins that sum up to a face value of $590.
2.
Using the same priciple,
let x be the number of $10 coins
let 34-x be the number of $20 coins
Sum of money equation:
500 = 10x + 20 * (34-x)
500 = 10x + 680 - 20x
500 - 680 = -10x
-180 / -10 = x
x = 18
So, Dave has 18 $10 coins and (34-18 = 16) 16 $20 coins that add up to a face value of $500.
Joe decided to start washing cars on his street. The other kids in the neighborhood noticed Joe was making a lot of money washing cars and decided to open their own car wash. When they opened their own car wash, the equilibrium price decreased and the equilibrium quantity increased.
The price at which the quantity provided and demanded are equal is referred to as the equilibrium price. It is established by where the demand and supply curves cross. If more goods or services are produced than are needed to satisfy demand at the going rate, there is a surplus, which pushes prices lower.
Reduced demand will result in a drop in the equilibrium price and a reduction in supply. With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.
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Answer:
The human capital theory
Explanation
The human capital theory explores the relationship between investment in human capital and earnings.
Investment in human capital can take the form of education or training.
The theory suggest that those that invest in human capital earn higher income
The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training
