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devlian [24]
3 years ago
15

In a perfectly competitive market, the price of the product is

Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

b. set by market supply and demand. 

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Because goods are homogenous and there are many buyers in the industry, sellers do not set the price for their goods and services. Prices are set by the market forces of demand and supply. This makes sellers price takers.

Other features of perfect competition are :

1. No barriers to entry or exit of firms

2. Firms make zero economic profit in the long run.

I hope my answer helps you.

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_____ is the element in the promotional mix of a marketing plan that evaluates the public’s attitudes, identifies issues that ma
kotykmax [81]

Answer: Public Relations

Explanation: The elements of a promotional marketing mix are the resources an organisation engages in its marketing promotion. They are:

Advertising, public relations, sales promotion, direct marketing and personal selling.

The above listed elements have there unique effect on the sales if an organisation.

Advertising is used to create an awareness of the product to the consumer using all forms of advertising such as radio jingle television advert, billboards etc.

Public relations is used to find out the effect of the products in the market and also to get feedbacks from consumer which will enable mgt to plan on ways to correct any issue observed.

Sales promotions are ways of giving to the consumers fee products as rewards for loyalty

Direct marketing is the use of marketing officers that will speak to consumers personally and try convincing them to try the products

Personal selling is the act of selling the products one on one to customers

3 0
3 years ago
Consider the following items:
Arada [10]

Answer: Long-term assets are assets with a duration of more than one year. From the list the parties classified as long-term assets are three:

- Land

- Buildings

-Equipment

The rest of the games are classified as:

Accounts receivable (short-term assets)

Notes payable (due in three years) (Long-term liabilities)

Accounts payable (Short-term liabilities)

Retained Revenue (Equity)

Prepaid rental (Short-term assets)

Unearned Renvenue (Short-term liabilities)

Notes payable (due in six months) (Short Term Liabilities)

6 0
3 years ago
Help ASAP Plz i have 3mins left thx!!!
Viefleur [7K]

1. A) Because you don't want to be stuck living with your parents until you are 30

2. B) Living and educational expenses


Reason:

I took a test very similar to this a few days ago, and I am a straight-A student.

4 0
3 years ago
Read 2 more answers
Rita is appointed as an agent for Superior Sales, Inc. The agency agreement is silent as to the level of sales that Rita is expe
TiliK225 [7]

Answer:

use reasonable diligence and skill in selling.

Explanation:

A Sales Agent is an individual that is fully responsible to the company or broker under whom he or she licensed. They have no authority to make contracts or receive compensation

They ard salesperson hired by a company to help products or services sales. Usually under a in a specific geographical location. They earn commission on the basis or value of the sales they make.

8 0
3 years ago
Which of the following are characteristics of productive conflicts
ioda

Answer:

using I-language, focusing on issues and critically evaluating ideas

Explanation:

"Productive conflict" refers to giving both parties who have varying opinions a chance to speak their arguments or positions. The goal of this is for both parties to arrive at a resolution<em> in the most graceful way as possible.</em>

Using "I-language" allows the person to be heard without asserting aggressiveness. It doesn't lead to defensiveness, thereby reducing the other side from retaliating.

"Focusing on issues" allows the focus to be centered on what matters the most. This allows both parties to concentrate and deal with the issue properly.

"Critically evaluating ideas" allows each party to come up with a reasoned judgement and analyze the opinion of the other person. <u>Both positive and negative side</u> should be addressed in order for the conflict to be productive.

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