1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xeze [42]
3 years ago
8

In 1 or 2 sentences, describe the effect of competition on prices of items being sold.

Business
1 answer:
yuradex [85]3 years ago
8 0

Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
You might be interested in
If the number of firms in an industry​ decreases, the supply curve will shift to the right. A. True B. False A change in which o
Whitepunk [10]

Answer:

The correct answer is option B.

The correct answer is option D.

Explanation:

If the number of firms in an industry decreases, the overall market supply will decrease. This decrease in supply will cause the market supply curve to shift to the left. So the statement given in the question is false.  

The cost of production is inversely related to supply. An increase in the cost of production causes supply to decline, shifting the curve to the left and vice versa.  

Technology and productivity are directly related, an improvement in technology will cause the supply to increase shifting the curve to the right.  

Taxes cause the supply to decrease as it is seen as a cost and it reduces the price received by the firms. This causes the supply curve to shift to the left.

Subsidies reduce the cost of production so the supply curve shifts to the left.

8 0
3 years ago
Because services are __________, it is often difficult for marketers to convey the benefits to consumers.
muminat

Because the services are intangible, it is often difficult for the marketers to convey benefits to consumers.

<h3>Who is a marketer?</h3>

A marketer is someone who advertises the goods and services of an organization. They identify the tactics that can increase revenue and sales while making sure that these tactics are in line with both customer and market need. Now that we are aware of what a marketer is, let's examine their function. Let's first examine the function that a marketer does before delving into the importance of marketing for firms. The financial success of any firm can be determined by the marketer's ability to sell. They make sure that the goods and services are promoted effectively enough to sustain demand. Long-term brand equity and improved consumer experiences are enhanced by imaginative and creative marketers.

To learn more about marketing. visit

brainly.com/question/13414268

#SPJ4

5 0
1 year ago
Three-year Treasury securities currently yield 6%, while 4-year Treasury securities currently yield 6.5%. Assume that the expect
Reptile [31]

Answer:

The correct answer is 8%.

Explanation:

According to the scenario, the computation of the given data are as follows:

Let 1 year Treasury securities = t

So, Four year Treasury = [(Yield of 3 years Treasury × No. of year) + ( t × No. of  year)] ÷ Number of year

So, by putting the value, we get

6.5% = [(6% × 3) + ( t × 1)] ÷ 4

[(6% × 3) + t] = 6.5% ×4

t = 8%

So, the rate on 1-year Treasury securities three years from now is 8%.

4 0
3 years ago
Describe a product, and then give an example of a time when the demand for this product might be high and the demand for this pr
wariber [46]
Fitness service
around the time after new year cuz ppl start to getting fat cuz of earing too much during new year holidday l
aroung jan to mar that s when ppl start to be very fire up about getting in shape
6 0
3 years ago
You purchase an annuity due for $1,200. The annuity has 11 annual payments of 100 and a larger payment at the beginning of year
romanna [79]

Answer:

Give me brainliest pls! I neeed it to rank up jus pls do it!

Explanation:

8 0
3 years ago
Other questions:
  • At a local university, students talk about being able to retake an exam three times as a way of showing how committed the school
    8·1 answer
  • Write each item listed below to the appropriate category . GOODS SERVICES Cutting Hair Doctor Computers Cleaning Business Tasks
    9·1 answer
  • The proper discount rate when using the dividend discount valuation model is the:
    14·1 answer
  • US Unemployment Rate 1980–1985 A graph titled U S Unemployment Rate from 1980 to 1985 has year on the x-axis, from 1980 to 1985,
    5·2 answers
  • Maximal oxygen uptake ________ throughout adulthood, a trend that is related to the __________ in maximum heart rate and in musc
    10·1 answer
  • Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold
    13·1 answer
  • If businesses follow regulations, financial disasters are far less likely.
    14·1 answer
  • Is the concentration ratio an accurate measure of the extent of​ competition?
    13·1 answer
  • QUESTION 5 of 10: Which is an example of a trend?
    14·2 answers
  • In contrast to _______ and _______ the obligations of corporations are separate and distinct from the personal obligations of th
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!