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Mandarinka [93]
3 years ago
8

Kara wants to open a retailing outlet in her town. Her family has been in the business of selling hardware items before. She wan

ts to take this business forward by opening a store that caters to the hardware supplies industry. What kind of retail outlet will Kara most likely open?
A. discount retailer
B. supermarket
C. department store
D. specialty retailer
E. convenience store
Business
2 answers:
Aliun [14]3 years ago
8 0

Answer:

C

Explanation:

Nookie1986 [14]3 years ago
8 0

I would say C department store

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A) A firm in an oligopolistic market has to consider its own impact on price when making production decisions

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A perfectly competitive market is a market with many firms selling identical product. There are free entry and free exist and the decision of a firm does not affect the price in the market as all firms are price takers. Therefore, each firm is independent under perfectly competitive market and production decisions of a firm in a perfectly competitive market does not affect the price in the market nor will it cause any reaction from other firms.

However, Oligopolistic market is a market where there are few firms which are 3 or more firms but not more than 20 firms selling identical or differentiated product.. Firms in oligopolistic market are interdependent which implies that the decision of one firm can affect price and this can cause reaction from other firms and then lead to a price war. A price war occurs when each firm continually reduces its own price in order to increase its market share which causes other firms to react reducing their own prices and this will make none of the firms to gain in the end. In order to avoid the price war, each firm in an oligopolistic market has to consider its own impact on price when making production decisions.

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This question is incomplete, here is the complete question:

Following a long period of slow growth, the government of country X decided to open its economy and reduce trade barriers in order to boost economic growth. This provided the expected impetus to the economy as competition increased and the efficiency of domestic firms improved. A decade after opening the economy, the country's GDP is now growing at an average of 7-8 percent annually. A group of economists claim that the standard of living of the people has improved substantially during this period. They also expect this impressive growth to continue over the next five years.

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Answer:

(B) Discretionary spending by domestic consumers increased during this time.

Explanation:

When domestic consumers engage in increased discretionary spending, then it is safe to say that there is an improvement in the economy. As domestic consumers would rather spend only on essentials (food, clothing, and housing), when they have limited disposable income.

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When there is seperation in services available to a customer, they easily identify the most relevant one to them.

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Answer:

B is Correct

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