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3 years ago

Explain how firms/businesses compete without lowering their prices

1 answer:

6 0

There are several ways a firm can compete without lowering their prices and they all involve differentiating themselves from competition. This is done by:

having a product with actual physical differences (samsung and Apple phones compete because they are similar but ultimately have different features)
Providing better service: there may be 100 dry cleaners in your city, but if one always makes sure your clothes are perfect and treats you like a valued customer you will go to them even if they don't cut prices.
Advertising - ads will increase the recognition of the brand and help it stand out in the marketplace without having to attract customers by dropping the price

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The city council is getting ready to build a new power plant, which is expected to bring jobs to the community, but also generat

Dominik [7]

Answer:

environmental racism

Explanation:

Based on the information provided within the question it can be said that this scenario could possibly be classified as environmental racism. This is a concept which describes the environmental discrimination that occurs in many geographical locations both in practice as well as on paper. All of which is based on a racialized context.

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2 years ago

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MakcuM [25]

1. False
2. False
3. True
4. False
5. false
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7. True
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9. True
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2 years ago

As Facebook, Twitter, and text messaging become more popular ways to communicate, which type of communication is eliminated? A.

Sophie [7]

The correct answer is B. Speeches

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3 years ago

Read 2 more answers

On January 1, 2020, Waterway Company purchased 11% bonds, having a maturity value of $312,000 for $336,270.95. The bonds provide

mafiozo [28]

Answer and Explanation:

The journal entries are shown below:

1. 11% bonds payable $336,270.95

To cash $336,270.95

(Being the bond purchased for cash is recorded)

2. Cash ($312,000 × 11%) $34,320

To Interest revenue ($336,270.95 × 9%) $30,264

To 11% bond payable $4,056

(Being the interest revenue is recorded)

Fair value adjustment $1,685.05

To Unrealized gain $1,685.05

(Being the recognition of fair value is recorded)

It is computed below:

= (333,900 - ($336,270.95 - $4,056) )

3. Unrealized gain $13,000 ($333,900 - $320,900)

To fair value adjustment $13,000

(Being the recognition of fair value is recorded)

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3 years ago

10. Which of the following factors should be considered when deciding on a career choice? Select

Keith_Richards [23]

Answer:

Explanation:

A career is a type of occupation that is done during a specific period of time. Careers offer a chance for progress. When choosing a career, one should consider the following factors;

1. Job requirements

One should consider the job requirements of that particular career since these requirements always determine how well one will perform in his/her career. The job requirements to be considered are; education level, level of expertise needed, and the experience.

2. Short-term goals

A short term goal is a set of predetermined achievements that one needs to attain usually in a short time frame. A career is an undertaking that is always long-term and therefor needs long-term goals rather than short-term goals.

3. Skills and interests

A skill is a particular set of capabilities that enables one to perform better at a certain job. Some careers need a specific set of skills that if one cannot develop or acquire, then the career undertaking might prove very difficult. An interest is something that you like. It is always advisable to choose a career that you are interested in, since this gives one the passion to pursue it.

4. Ease of job search

The career that you want to pursue should be one that is marketable. Getting a job for a marketable career is much easier than one that is not as marketable. This helps in avoidance of frustrations of failed job searches.

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3 years ago