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harina [27]
3 years ago
8

Competition in a market system denotes a condition where A. the diffusion of economic power limits its potential abuse. B. any g

iven product can be purchased at a wide range of prices. C. contractual agreements among individual firms are restricted and avoided. D. a few large, dominant sellers are constantly jostling for market share.
Business
1 answer:
iragen [17]3 years ago
7 0

Answer:

The answer is: A) the diffusion of economic power limits its potential abuse.

Explanation:

Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.

Problems start when competition starts to vanish and monopolies appear.

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Using an existing brand name to introduce a product that is new to the company into a totally new, unfamiliar product category s
lara31 [8.8K]

Answer: brand extension

Explanation: Brand extension refers to a marketing strategy which involves a well-known, developed and popular brand who has enjoyed continuous success in a particular market aims to delve into another area of the market or totally different product category using the same brand name.

In the scenario above, Colgate, a household name in toothpaste manufacturing decided to launch the Colgate kitchen entree which an entirely different market domain. The innovation strategy wasn't successful as it got consumers confused who saw them as developers iating from their original domain. Even though Colgate's intention was to use their existing popularity to extend their brand.

7 0
3 years ago
Which of the following is the best test of good strategic leadership?A. Whether the company has a good strategy and business mod
Leona [35]

Answer: The correct answer is "D. All of these.".

Explanation: All statements are evidence that indicates the existence of good strategic leadership.

If the company has a strong strategy and a good business model as a result, it will meet its objectives.

If a previously proposed strategy is being fully implemented, it shows that there is good strategic leadership.

3 0
4 years ago
​_____________________ direct(s) its marketing activities​ (primarily advertising, consumer​ promotion, and direct and digital​
asambeis [7]

Answer: (E) Pull strategy

Explanation:

 The pull strategy is one of the type of technique that basically used for attract the customers for buying the products and the services by using the promoting or the advertising strategies.

 By using the various types of pull tactics we draw attention of the customers towards the products.

The main advantage of the pull strategy is that in this we use the various types of promotion strategy and the digital media for marketing our brands and products.

Therefore, Option (E) is correct.  

8 0
3 years ago
We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire amount by Se
Drupady [299]

Answer:

6.12%

Explanation:

Calculation for How does our decision depend on the interest rate at which we can invest our funds

Present value = 6000-3060

Present value = 2940

Future value = Present value+Present Value*Numver of month* Rate of interest/ 100

3000 = 2940+2940*4/12*R/100

60 = 2940*4/12*R/100

60*12/4 = 2940*R/100

180 = 2940*R/100

180/2940 = R/100

0.061224 = R/100

Rate = 6.1224

Therefore How does our decision depend on the interest rate at which we can invest our funds is 6.1224

5 0
3 years ago
Which is an argument against the use of the ability-to-pay principal of taxation? (Select 1) It is difficult to determine who re
umka2103 [35]

Answer:

It reduces the incentive to work hard and take risks to succeed

Explanation:

The argument against the use of the ability-to-pay principal of taxation is that It reduces the incentive to work hard and make more money and take risks to succeed .

Although Ability to pay principal of taxation believe that a person or an individual tax should depend on what the tax will tend to create to such individual when compared to the wealth of that individual, but many people argue that there should be equity , meaning everybody should pay the same tax rate in such a way that a person or an individual tax rate should not be higher or lesser than another person tax rate.

6 0
3 years ago
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