Answer:
D. Should Shut Down
Explanation:
A perfect competition firm is at profit maximising equilibrium where : Marginal Revenue [Price] = Marginal Cost .
If MR > MC : Firm's additional production is profitable, it tends to increase production. If MR < MC : Firm's additional production is loss making, it tends to decrease production.
However, If firm's Price i.e MR < Average Variable Cost : The firm's per unit price is even unable to cover it's per unit average variable cost. This situation is referred to as 'Shut Down' point & firm should close down its production in the case.
Given : MR = P = 3 ; MC = 4 ; AVC = 3.5 . The firm's price P (3) is not only lesser by its Marginal Cost MC (4), to decrease production ; but also lesser than its Average Variable Cost AVC (3.5) . So, the firm should shut down.
Answer:
B. A) population sizes, income levels and cultural influences, the current state of the infrastructure, and distribution and retail networks available.
Explanation:
In a country where population is high, the demand for goods and services would be high and this would stimulate market growth. On the other hand, in a country where population is low, demand for products would be low and this can hinder market growth.
In a country where income level is high, demand for goods and services would also be high and this would stimulate market growth. The opposite is the case when income is low.
The presence of good infrastructure in a country enhances innovation and production and this can lead to market growth.
The presence of a strong and good retail network to enhance distribution of goods and services can lead to market growth as it assures producers of efficient distribution of goods and services produced.
I hope my answer helps you
Answer: (E) Pull strategy
Explanation:
The pull strategy is one of the type of the marketing technique or the strategy in which the customers are pulled towards the product by using this strategy.
We use various types of mass media and the advertising for promoting the products and the services. It is also known as one of the type of channel strategy.
The main goal of the pull strategy is that by using various promotional tool we attract the consumers or user to the product and the services which is provided by an organization.
Therefore, Option (E) is correct.
Answer:
C. W-4
Explanation:
The W-4 form acts as the Employee’s Withholding Allowance Certificate. The employee completes the form and hands it over to the employer, who uses it to calculate how much income tax to withhold.
The details on the W-4 forms are necessary for tax computation. For instance, the employee declares their marital status and the number of dependents; this determines the applicable tax rates.
Answer:
False. Location is important for a business
