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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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Periodically, merrill lynch customers are asked to evaluate merrill lynch financial consultants and services. Higher ratings on
padilas [110]

a) Null hypothesis (\mu _{a} \leq \mu _{b}) for merrill lynch customers are given as

Alternative hypothesis:\mu _{a} > \mu _{b}

t =\frac{6.82-6.25}{\sqrt{\frac{0.64^{2}}{16}} + \sqrt{\frac{0.75^{2}}{10}} }

t = 1.992

<h3>What is null hypothesis?</h3>
  • Conjectures used in statistical tests, which are formal techniques for drawing conclusions or making judgments based on data, include the null hypothesis and the alternative hypothesis.
  • The hypotheses, which are based on a sample of the population, are suppositions regarding a statistical model of the population. The tests are essential components of statistical inference and are frequently used to distinguish between statistical noise and scientific claims when interpreting experimental data in science.
  • The null hypothesis, which is the statement being tested in a test of statistical significance, is typically a declaration of "no effect" or "no difference," and the test of significance is intended to evaluate the strength of the evidence against it

Know more about Null hypothesis

brainly.com/question/19263925

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3 0
2 years ago
3. How do the ultra rich use charitable giving to make sure they pay less taxes?
aliina [53]
Because when you donate to a charity it will not be taxed so you can put your money somewhere without it being taxed with it going somewhere good
3 0
3 years ago
Leila is giving a speech about a new café that recently opened near her college campus. Her audience consists of her fellow clas
Hitman42 [59]

Answer: Discussing about the services and inexpensive items in the menu.

Explanation: In the given case, Leila's target customers are the students in college campus. The college students do not have a lot of money to spend. Therefore, she should inform the audience about the inexpensive items in the menu that they can purchase.

She can also persuade them by telling them the services provided by cafe. The nearness of the cafe from the campus could save time of the students, thus it could be a good point to attract the students.

8 0
3 years ago
The useful life of a new plant asset _____. is the same as the asset's total productive life. might not exceed one year. might b
gulaghasi [49]

Answer:

The correct answer is letter "C": might be estimated based on the experience of others or on engineering studies and judgment if the company does not have past experience with a similar asset.

Explanation:

A company's assets represent the<em> cash, patents, accounts receivable, equipment, plants, </em>and <em>land</em>, among others, useful for the firm to generate profit. When it comes to plant assets, they are considered fixed assets for cost accounting purposes and are nothing but the <em>land, buildings and machinery</em> useful for manufacturing.

<em>Calculating the useful life of a plant asset can be complicated and may require engineering studies. However, if the expertise of an employee is good enough to determine it the firm must take advantage of this strength but if there is nobody with this capability the institution should look for someone who does moreover when it does not have experience computing the useful life of such assets.</em>

8 0
3 years ago
Municipal bonds are issued by ____.
Rina8888 [55]
<span>C. state, county, and city governments

As the name would suggest, a</span> municipal bond is a bond issued by a local government or territory.
3 0
3 years ago
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