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Mice21 [21]
3 years ago
8

Entrepreneurs drive innovation in a free-market system by introducing ________.

Business
1 answer:
Shalnov [3]3 years ago
7 0
Answer: Competition

Explanation:
The entrepreneur takes the risk to introduce new competing technologies that can provide a product or service at lower price. This creates competition, and the customer benefits from being offered lower prices and improved products.

Furthermore, price gauging and monopoly are minimized because competing and improved products drive out inferior products as well as inferior service.

You might be interested in
A sales associate listed a condo for $205,000. A sales associate from a competing office called the listing associate to inform
ASHA 777 [7]

The statement that applied to the given situation is "Listing associate that needs to present the verbal offer to the seller and act as the individual seller or transaction agent" is considered.

The information related to the transaction agent should be as follows:

  • The purchasers & sellers should be assisted in the real estate transactions having no financial interest.
  • It is treated as a neutral third party but at the same time, it is bounded as per the law and the ethical principles.

The other statements should not be relevant.

So, here we can conclude that a listing associate that needs to present the verbal offer to the seller and act as the individual seller or transaction agent" is considered.

Learn more about the property here: brainly.com/question/19338928

4 0
3 years ago
Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

4. Also a better government

Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0
3 years ago
Mohammad was an employee in the new product development department of Estay Inc. Mohammad was directly involved in the developme
NemiM [27]

Answer:

d. Mohammad cannot share with Ceries the confidential information he knows about Estay’s new product because he has a duty not to disclose confidential information he acquired during the agency.

Explanation:

Mohammad cannot share confidential information with an external competitor even when he is no longer in the service of the firm.

The only option left for Mohammad is if Estay gives him approval to share the piece of information.

7 0
3 years ago
Certain contracts, such as those involving the sale of personal property for $500 or more:_______.
djverab [1.8K]

Answer:

B. Must be written to be enforceable

Explanation:

In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.

These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.

8 0
3 years ago
An example of a company connecting with customers to add value in its package redesign strategy is Blank______.
kakasveta [241]

An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

<h3>What is a redesign strategy?</h3>

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

  • Set precise objectives.
  • Prioritize each business process after identifying it.
  • Make data collection and processing a regular part of your working day.
  • A single workflow.
  • Give authority to those in charge of processes.
  • Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

To know more about design strategy refer to: brainly.com/question/14506200

#SPJ4

5 0
2 years ago
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