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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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Village East expects to pay an annual dividend of $1.40 per share next year, and $1.68 per share for the following two years. Af

VashaNatasha [74]

Answer:

$15.15

Explanation:

Given:

D1 = $1.4
D2 = $1.68
Growth = 3.4% = 0.034
Discount rate = 13.7 % = 0.137

As we know that:

P3= ($1.68 × (1+034)) / (0.137 - 0.034)= $16.86

So, P0:

= $1.40 / 1.137 + $1.68 / 1.1372 + ($1.68+ $16.86)/ 1.1373

= $15.15

Hope it will find you well.

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3 years ago

In the early 1900s the biggest challenges most businesses faced was getting the products from the places where they were produce

bogdanovich [222]

Answer:

True

Explanation:

Businesses has always had its challenges and also more peculiar challenges from time immemorial and it is so even today despite several business models and the likes being in operation.

In the 1900s, one of the peculiar challenges of businesses was the inability of manufacturers to transport their goods from the point of production to the points of sale. In the 1900s, railways began to become more open than from the time of rail owners and also vehicles as we know today began to come into existence. Overtime, heavy duty vehicles capapble of transporting and lifting good from the point of production to its point of sale began to come up.

Cheers.

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3 years ago

Laura mentions that employees will come back from tea break on time because they know it will let down their fellow work mates i

cupoosta [38]

Answer:

Cooperation and trust

Explanation:

There are clear distinctions between groups and teams. A group is a set of people brought together by common interests and inevitable circumstances, while a team is a group of people working together to reach a common goal.

The responsibility in a team is evenly dispersed; although the work is not done individually, the team is acting as an individual. That means that trust has to be present among team members; we have to know we won't be let down by a team member, like we don't let down ourselves.

Trust is one of the most essential inputs for effective cooperation.

A team possessing such characteristics is highly cohesive.

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3 years ago

suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of

Westkost [7]

The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.

<h3>How do production costs affect supply?</h3>

When production costs (input) increase, the quantity supplied at a given price decreases.

Conversely, a decrease in production costs increases the quantity supplied.

Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.

Learn more about supply and production costs at brainly.com/question/2223110

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2 years ago

Monroe just left his second job in the Marketing, Sales, and Service career pathway. He was self-employed at his first job, and

drek231 [11]

Answer:

the answer is D.....

Explanation:

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3 years ago

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