Answer: The answer is A. Reflects product differentiation.
Explanation:
In a monopolistic competition, companies offer products that are not equal. This product differentiation gives companies power in the market and causes each company to face a demand curve with a downward slope (if it raises the price of its product it will sell less and if it lowers it will sell more). Unlike a perfect competition market where companies face a horizontal demand curve.
This action belongs to the ANALYZE STEP of the AIM planning process.
AIM planning process is a methodology that is used to bring structure to process improvement and problem solving. It is made up of three steps which are analyze, improve and monitor. The analyze step examine the problem for clues about how to solve it, the improve step eliminates the service gap and add improvements while the monitor step ensures that the improvements are working.
Answer: True
Explanation: The given case does illustrates business acquisition. Business acquisition refers to the process in which one company purchases majority or all of the shares of another company.
In the given case, Laurie corp. purchased Smith inc. and the part of production is then transferred to the purchased company for the ease of operations.
Hence, from the above we can conclude that the answer is true.
Answer: Linkedln is an example of an app, yes.
Explanation:
The answer to this question will be A
