An equilibrium price is where the quantity of goods supplied is equal to the quantity of goods demanded. So if supplies of the said product goes down the equilibrium will go down and the price and demand will be higher.
These are good ways for the service provider to address the intangibility characteristic of services.
When something is intangible, it means it can not be touched. When a customer receives a dog that was well groomed, and happy with the service that can not be passed directly on to another client. The testimonials help a potential customer see what they could get out of the service for their animal, though it can't be "touched".
Answer:
B. entrepreneur who commercialized invention into an innovation
Explanation:
A- there wasn't any firm before
C- the business was growing not at maturity state
D.- his business is a distribution channel it is not relater to find niche markets
B.- He use an invention The Internet to innovate in the ways product are distribute and comercialized. It made an innovation(it didn't exist before) out of the invention
Answer:
(B) multicollinearity is present.
Explanation:
Multicollinearity -
It is the process where , one of the predictor variable in the multiple regression model can be linearly predicted from the others with the substantial degree of accuracy , is known as multicollinearity or collinearity .
<u>In this case , the coefficient estimated of the multiple regression can change erratically for even a small change in the model .</u>
hence , from the question , the indication is of (B) multicollinearity is present .
Answer:
D
Explanation:
A B C
Contribution per unit 20 30 40
Machine hours per unit 2.5 3.25 4.5
Contribution per hour 8 9.23 8.89
Product B has the highest contribution per hour .
It is stated that the capacity is constrained by the number of hours the machine can run during a period . and all products produce will be sold. This has made the machine hour the determinant factor in the situation.
Therefore product B should be emphasized if the goal is to maximize contribution margin.
