Answer:
Lower
Buyers would offer higher prices
Explanation:
When a shortage occurs when Demand exceeds supply. Excess demand occurs when price is below equilibrium price and as a result suppliers reduce quantity supplied.
As a result of the shortage, buyers would offer higher prices. As a result of the higher prices, the quantity supplied would increase and equilibrium would be restored.
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Answer:
Overcome its competitive disadvantage against Nike
Explanation:
A competitive disadvantage occurs when a business faces adverse market scenario due to one of it's competitor gaining a competitive edge over it, which drives down the sales of such a business.
If one company gains a competitive advantage, for others in the same industry, it would be a competitive disadvantage.
A competitive disadvantage leads to an under performance by a business owing to a competitor's efficient performance.
Disadvantage typically arises on account of the competitor's better know how,scale of operations, location of the plant, etc.
In the given case, Adidas acquisition of another footwear brand i.e Reebok was more driven out of overcoming its competitive disadvantage against Nike. The market comprised of few big sportswear brands with Reebok being one of those. By acquiring Reebok, Adidas reduced competition and at the same time became better equipped to compete against Nike.
Answer:
B. Company A has a comparative advantage in the production of
rakes
Explanation:
Comparative advantage describes the ability of an enterprise to produce a particular product, goods, or services at a lower price in comparison to rivals. It means that the enterprise uses fewer inputs such as labor, capital, or land to produce. A company with a comparative advantage will manufacture more goods with the same quantity of inputs.
Company A produces rakes at $15 while company B produces at $17. Company A, therefore, has a comparative advantage over company B in the production of rakes. It means company A use fewer resources rakes than company B. Company A can sell rakes at a lower price than company B.
Answer:
efinition. Business enterprise means a firm, sole proprietorship, partnership, association, corporation, company, or other business entity of any kind including, but not limited to, a limited liability corporation, incorporated professional association, joint venture, estate, or trust.
Explanation:
Answer:
Present value (PV) of the free installation = $ 548
PV of the paid installation = $ 1,071
Explanation:
Formula of PV = FV/ ( 1 + i) ^ n
where,
FV = Future Value
i = Discount Rate
n = No. of Years