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Lostsunrise [7]
4 years ago
13

Which of the following is not a characteristic of monopolistic competition? Firms are price takers. There are many buyers and se

llers. Barriers to entry are low.
Business
1 answer:
Zepler [3.9K]4 years ago
6 0

Answer:  

1) Companies are price takers. <u>It is not a characteristic of monopolistic competition. </u>

<u></u>

Explanation: In monopolistic competition, the products offered are characterized by differentiation and this differentiation gives companies market power,  to be able to decide when setting their prices and not be price takers.

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Answer:

The correct answer is B: it increases their switching costs

Explanation:

Relationship marketing is about establishing a long-term bond with consumers. Instead of pursuing a  one-time sale, relationship marketing tries to encourage customer loyalty by providing top of the notch products and services. Relationship marketing is usually not linked to a single product or offer. It involves a company perfecting their business to maximize the value of that relationship for the customer.

Relationship marketing principally requires the improvement of internal methods. The objective is to make the costumers experience to the fullest, meeting their expectations and creating a bond beyond the service itself. When you, as a company, achieve a level of uniqueness to the consumer, the cost of switching companies increases. It is more difficult to find a provider that fulfills your needs and desires.

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3 years ago
Marissa, a human resource manager, has been reviewing her company’s performance management system to see how it can be improved.
Margaret [11]

Answer:

B. Are the performance measures fair?

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In order to know whether the methods used by the system are acceptable to both the supervisor and employees, the best question Marissa can ask about the method used is if it is fair? Fair here indicates whether the supervisor or employees think the performance measures or method used isn't bias and shows no favouritism or discrimination. The level of fairness shows/determines the acceptability of employees on the performance measures.

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What kind of relationship is depicted by the law of demand?
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4 years ago
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