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S_A_V [24]
2 years ago
9

The business-to-business cleaning supply company, Ecolab, encouraged a leading competitor, Diversity, to adopt a strategy to go

after low-volume, high-margin customers. What Ecolab knew that Diversity did not is that the high servicing costs involved with the segment makes it unprofitable. Ecolab bid high enough to lose the contracts to Diversity but low enough to ensure that Diversity lost money. This is an example of the strategy to_______.
Business
1 answer:
Sveta_85 [38]2 years ago
8 0

Answer:

Raise competitor costs.

Explanation:

Raising competitor costs is basically a strategy to gain market share.

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What is a<br> purpose of drawing up budgets in a business
storchak [24]
To estimate the amount of money needed so you don't run out.
4 0
3 years ago
Consider the market for a breakfast cereal. The​ cereal's price is initially ​$3.003.00 and 7070 thousand boxes are demanded per
arlik [135]

Answer:

0.539

Explanation:

Price elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.

Under mid-point method the price elasticity can be calculated as follow

where

S = Quantity

P = Price

Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]

Change in Quantity = ( 6,060 - 7,070 ) / [ ( 6,060 + 7,070 )/2 ]

Change in Quantity = -1,010 / 6,565

Change in Quantity = -0.153846

Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]

Change in price = ( $4,004 - $3,003 ) / [ ( $4,004 + $3,003 )/2 ]

Change in price  = $1,001 / $3,503.5

Change in price  = 0.285714

Elasticity of Supply = Change in Quantity / Change in Price

Elasticity of Supply = -0.153846 / 0.285714 = -0.5385

Elasticity of Supply = -0.539

3 0
3 years ago
Suppose that a monopoly computer chip maker increases production from 10 microchips to 11 microchips. If the market price declin
Sergeu [11.5K]

Answer:

$19

Explanation:

Marginal revenue is the change in revenue when production increases by one unit

Marginal revenue = change in total revenue / change in quantity produced

total revenue 1 = $30 x 10 = $300

Total revenue 2 = $29 x 11 = $319

change in total revenue = $319 - $3000 = $19

Change in quantity produced = 11 - 10 = 1

Marginal revenue = $19 / 1 = 19

5 0
3 years ago
A married couple is trying to conceive a child. The man works outside during the hot summer months and is also taking medication
Ymorist [56]

Answer:

Hi

The effect on sperm production will depend on the type of medication the person is taking, for example, in the case of antipsychotic medications, in addition to causing involuntary tremors, they block dopamine, a chemical of brain origin that helps with regular responses emotional and controls the brain centers responsible for gratification and pleasure. Similarly, the levels of the hormone prolactin increase, which can cause erectile dysfunction, decreased libido and difficulties reaching orgasm, as well as blocking the action of acetylcholine, which can cause problems in all areas of the body sexual function.

Another type of medications that cause involuntary tremors and that can affect sperm production are statins and fibrates, these medications are likely to interfere with the production of testosterone, estrogens and other sex hormones by affecting the availability of cholesterol, an essential component for certain hormones

Explanation:

5 0
3 years ago
In reviewing research on power, you discover that there are three other common sources of power in organizations. Which of the f
Rudiy27
It is information power
3 0
3 years ago
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