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Kazeer [188]
3 years ago
9

Sales decline in the decline stage of the PLC because of technological advances, shifts in consumer tastes and preferences, and

________.
Business
1 answer:
ozzi3 years ago
6 0

Sales decline in the decline stage of the PLC because of technological advances, shifts in consumer tastes and preferences, and Increased competition.

Explanation:

The decline stage of the product life cycle is the final phase when sales and production are eventually stopped. Profitability will eventually decrease, and production will stop. It is no more profitable.

A decrease in sales is seen with increasing competition and product preference falling. A decline in the sales price leads to lower profits and losses for the company in some cases.

When market competition grows and several firms start dominating the market, revenue and profits are hard to sustain for the failing businesses. With the developments in new technology, consumer tastes will also shift, which may ultimately make goods redundant.

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The fact that there are now more single people going on vacation is a behavioral trend observed in the hospitality and tourism i
dimulka [17.4K]

Answer:

true

Explanation:

7 0
3 years ago
Suppose there are five suppliers of ice cream in the town of Summerville. When the price of ice cream is $2 per scoop, Firm A is
victus00 [196]

Answer:

the market quantity supplied is less than 250 scoops when the price is $2 per scoop

Explanation:

When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245

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3 0
3 years ago
The distinction between efficiency and equality can be described as follows:
larisa [96]

Answer:

The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.

Explanation:

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5 0
3 years ago
Trade credit and discounts are important strategies used by firms in the daily operations of their business. Calculate the cost
Olegator [25]

Answer:

When a discount is given as 2/12, Net 32, it means that the customer is allowed a 2% discount if they pay off their purchase in 12 days. If they don't, they would have to pay off the full amount in 32 days.

The Cost of a firm's credit is calculated by the formula:

= Discount %/ ( 100% - Discount %) * (360/Allowed payment days - Discount days)

a. 2 / 12, Net 32

= (2%/ (100 - 2% )) * (360 / (32 - 12))

= 36.73%

b) 3/15, Net 36

= (3%/ (100 - 3% )) * (360 / (36 - 15))

= 53.02%

c) 2.5/18, Net 35

= (2.5%/ (100 - 2.5% )) * (360 / (35 - 18))

= 54.30%

d) 2.25/20, Net 38

= (2.25%/ (100 - 2.25% )) * (360 / (38 - 20))

= 46.04%

5 0
3 years ago
Which scenario best demonstrates the function of money as a measure of value?
Musya8 [376]
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<span>
</span></span>
7 0
3 years ago
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