Answer: Product differentiation strategy
Explanation: In the given case, the industry in which Thomas works depicts features of oligopoly with few firms operating at high level. Thus, increase in price by Thomas would shift the demand for consumers to other firms.
Hence Thomas should opt for product differentiation strategy and should increase those features which classify its products different from the others. In such industries, quality is the core essence and costumers are wiling to pay slight higher prices if the quality of the product offered is higher than others.
Hence Thomas should narrow the completion and should focus on inventing some unique features in his products.
Answer:
c. $75,000
Explanation:
The computation of revenue from investment for 2015 is shown below:-
Investment in Sherman = Purchased shares ÷ Common stock shares
= 25,000 ÷ 100,000
= 25%
Revenue from investment = Net income × Investment in Sherman
= $300,000 × 25%
= $75,000
Therefore for computing the revenue from investment we simply multiplied the net income with investment in Sherman.
Answer:
Conspicuous consumption
Explanation:
Based on the scenario being described within the question it can be said that this kind of purchasing is known as Conspicuous consumption. This term refers to when an individual buys goods or services with the main focus/goal of publicly display their economic prowess. Which is what Hope is doing in this scenario by buying an expensive designer bag in order to make her peers jealous.
Considering the available options, an example of an intermediary is "New car dealership."
This is based on the idea that an intermediary is an organization between the producers and the final consumers in the business chain transaction.
Thus, a new car dealership is considered an intermediary because he is neither a producer nor the final consumer of the automobile product.
Generally, in any industry, there are different types of intermediaries, they include:
agents, wholesalers, distributors, and retailers.
Hence, in this case, it is concluded that the correct answer is option C. "New Car Dealership."
Learn more here: brainly.com/question/22272615
An <u>inferior good.</u>
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For inferior goods, when income rises demand falls.