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

1 answer:

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

Bill spent most of his month’s allowance for expensive tickets to a rock concert after Lorene said she would go with him. On the

aksik [14]

<span>Tony did not breach a contract because it was all up to Lorene and who she wanted to go with. Lorene is not obligated to go with either. Although Bill spent most of his allowance, he could still ask someone else, sell his ticket and or even go by himself. I do not think Tony could be held liable even if he knew. It was not a nice thing to flake on Bill, but ultimately, it was Lorene's decision to make.</span>

8 0

3 years ago

Why is it so important that managers, and people in general, should act ethically and temper their pursuit of self-interest by c

kari74 [83]

Explanation:

A leader has an essential role in an organization, through his conduct his subordinates are encouraged, motivated and can become more or less productive.

Therefore, ethical conduct is essential for managers and all people who make up an organization, as ethics and behaviors for the benefit of the community will make the work environment more positive and an organizational culture focused on development, good attitudes and collaboration, essential elements for the creation of value in an organization, for the good positioning in the internal and external environment and for the motivation and satisfaction of the employees.

5 0

3 years ago

What is an example of a governmental influence ?

Masteriza [31]

<span>Consumer behavior ...............

</span>

3 0

3 years ago

Read 2 more answers

MC Qu. 151 Using the information below for... Using the information below for Sundar Company; determine the total manufacturing

Sphinxa [80]

Answer:

Manufacturing Cost = 94,100

Explanation:

Given that,

Direct materials used = $ 20,500

Direct labor used = 26,000

Factory overhead = 47,600

Beginning work in process = 12,200

Ending work in process = 12,800

Manufacturing Cost = Direct Material + Direct Labor + Factory Overhead

Manufacturing Cost = $20,500 + 26,000 + 47,600

Manufacturing Cost = 94,100

5 0

3 years ago

Which of the following is true of credibility? a. Its importance in the post-trust era has decreased. b. People gain credibility

Afina-wow [57]

Answer: C. It is an important basis for effective communication

Explanation:

Credibility is the quality of being able to be trusted. Can people trust the things you say or promise. That is credibility. It is very important in communication because for one to get their ideas across, the people being communicated to must trust and believe what you are saying. For communication to work, utterances must be able to have an impact and if the person communicating does not have credibility, chances are that the people listening will simply ignore what the communicator is saying simply because they don't believe it to be true.

7 0

3 years ago

Read 2 more answers