Answer:
restricting the entry; trade restrictions; import tariffs; rent-seeking; monopoly
Explanation:
Monopolists want to maximize their profits by keeping the potential competitors out of the market. For restricting the entry of potential firms they adopt the practice of lobbying for trade restrictions which restrict entry. One such restriction is importing tariff which will reduce competition from foreign products. Such lobbying can be defined as a form of rent-seeking which means using political means to secure monopoly position.
Brand repositioning is when a company changes their status in the marketplace. Like changes to the marketing mix including product, price, location, and promotion. Repositioning happens to fulfill consumer wants and needs
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Answer: d. All of the above.
Explanation: Budgeting is simply the activity of constructing a budget which in turn is defined as any amount of money or resources earmarked for a particular institution, activity or time-frame. An effective budget program is quite significant to both planning and controlling processes and is employed by managers and executives to plan, monitor and control various activities at every level of an organization or business creating better and tighter controls on an organization's costs, activities and communication.
Answer:
P = 380
Explanation:
At equilibrium, we have:
Qs = Qd
Since Qs = 1,050 and Qd = 2,000 – 2.5P, we therefore have:
1,050 = 2,000 – 2.5P
We now proceed to rearrange and solve for P as follows:
1,050 - 2000 + 2.5P = 0
2.5P = 2,000 - 1,050
2.5P = 950
P = 950 / 2.5 = 950 ÷ 2.5
P = 380
Therefore, the equilibrium price 'P' is equal to 380.
Answer:
Non-compete
Explanation:
A non-compete agreement is when an emoloyee agrees not to enter into or start a similar profession in competition against her employer.
Majority of agreements stipulated the length of time an employee isn't allowed to enter into or start a similar profession in competition against her employer.
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