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aleksklad [387]
3 years ago
12

Explain how firms/businesses compete without lowering their prices

Business
1 answer:
Sveta_85 [38]3 years ago
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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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2010, a painting
timurjin [86]

Annual rate of return is the amount you gain/lose on average each year. it is calculate as the following:

Rate of Return = (ending value - amount invested) / the number of years

OR

(1,100,000 - 1,680,000) / 3 = annual rate of return

3 0
4 years ago
Police officers often use to get information from their witness?
Oxana [17]
The answer is judges.
5 0
3 years ago
Read 2 more answers
Government intervention is one possible solution for market failure. What is one possible reason why a government-controlled use
mote1985 [20]

The one possible reason why a government-controlled used car market may not provide an efficient outcome is that Government actors may have their own incentives that might not align with market efficiency.

What does government controlled mean?

Government Controls means economic and other sanctions instituted by any government agency such as those based on the U.S. Foreign Corrupt Practices Act, the U.S. Export Administration Act, the U.S. Arms Export Control Act, and other regulations or executive orders.

What is it called when the government is in control of everything?

Totalitarianism is a form of government and a political system that prohibits all opposition parties, outlaws individual and group opposition to the state and its claims, and exercises an extremely high if not complete degree of control and regulation over public and private life.

How do government control over the economy?

Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy.

Learn more about government-controlled here :- brainly.com/question/848750

#SPJ4

5 0
1 year ago
Select the type of economic system that best matches each of the given descriptions.
Svetllana [295]

Answer:

based on government control- command

of resources and production

based on traditions and customs- traditional;

based on the forces of supply and demand- market

based on price rationing and includes- mixed

some government involvement

Explanation:

i dont cap

7 0
3 years ago
Assume that a bond makes 10 equal annual payments of $1,000 starting one year from today. The bond will make an additional payme
ohaa [14]

Answer:

$79,208.48

Explanation:

The computation of the current price of the bond is shown below:-

<u>Number of    Cash flow    PV annuity factor    Discounted cash </u>

<u>years                                                                        flow</u>

1 -10  years     $1,000                 8.3166                      $8,316.6

10 years        $100,000            0.7089188                $70,891.88

Current price of the bond                                        $79,208.48

Refer to the PV annuity factor so that we get to know the discounting factor value.

6 0
3 years ago
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