Answer:
because math makes people sad
Explanation:
NEC arose to:
d.standardize equipment use as a marketing tool
Explanation:
NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.
It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.
It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.
Their impact on the whole industry has been immense.
a larger company can seem more reliable to some people and often times large companies can run smaller ones out of buisness
Answer: 20 units.
Explanation:
Given that,
Inverse demand curve: P = 420 - 2Q
There are five firms and each of the firm has a constant marginal cost.
Marginal cost (MC) = 20
Profit maximizing output is produced by the firms is at a point where the marginal cost is equal to marginal revenue.
P = 420 - 2Q
Total revenue(TR) = PQ
= 420Q - 2
Differentiating TR with respect to 'Q'
Marginal revenue(MR) = 420 - 4Q
MR = MC
420 - 4Q = 20
Q = 
Q = 100
Therefore, output produced by the industry is 100 units.
Per-firm production = 
= 
= 20 units
Hence, each firm produces 20 units.
A value-based pricing strategy most likely begins with looking at their customers needs.
When you have a value-based pricing strategy, you are determining price based on the value you think your good or service will be valued at to the customer. Retailers can generally sell their items for more than cost of the product if the value is perceived by the customer to be high.
