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puteri [66]
4 years ago
5

Successful businesses perform marketing research in order to determine historical profitability of the firm's products. detect t

rends and changes in consumer demand. analyze their firm's profitability and find ways of increasing it. compare their financial statements with those of competitors.
Business
1 answer:
AfilCa [17]4 years ago
7 0
<span>It is vitally important that all organisations keep a step ahead of their competitors and that they can understand their market and where they fit in it. Complacency is the killer of all businesses. The fact that you have succeeded once does not give you the magic elixir for eternal success. It is a constant struggle of creating new innovations and foresight. Market research gives you a map of where you have been and where you might want to head. It shows the bumps along the way and the trends that may be cyclical that you must consider. It shows where you are in relation to your competitors and areas that will need improving to maintain competitiveness.</span>
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Answer: true

Explanation:

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emmainna [20.7K]

Answer:

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4 years ago
What is the best example of a short-run adjustment?
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Answer:

Short-run economics primarily affect price.

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8 0
3 years ago
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Answer:

(D) The cyclical unemployment

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Business activity is subject to the comings and goings of private initiative, so the expansion and recession phases of the economy affect the number of unemployed.

<u>Cyclical unemployment</u> increases considerably during times of recession, due to the deterioration of economic conditions; while decreasing in the stages of expansion, due to the improvement of the economy.

Governments try to reduce the incidence of this type of unemployment by softening the transition between different economic cycles. The objective is that the labor supply does not vary significantly between the stages of expansion and recession so that its demand is not excessively impaired.

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4 years ago
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