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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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Variable costs as a percentage of sales for Lemon Inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How mu
ira [324]

Answer:

$8,000 decrease is the correct answer.

Explanation:

4 0
4 years ago
Which of the following is not a step in the grievance process? Group of answer choices
Leona [35]

Answer:

The answer is D, the grievance is brought before a court which decides the case.

Explanation:

A grievance procedure is a process adopted  within an organisation for the purpose of resolving conflicts. Most of the time, it is meant to resolve conflict between individuals of lower cadre or hierarchy in an organisation and people in the top management position.

There are about six different procedure in the grievance process and taking a grievance to the court to decide on a case is not one of them. However, it is worthy to note that when all necessary grievance procedure have been utilized and there seem not to be a resolution in sight, a third part arbitrator in invited into the scene which mostly is between high management personnel.

7 0
3 years ago
There are two ways in which the fed can provide additional reserves to the banking system: it can ________ government bonds or i
iren2701 [21]

Fed can <u>purchase</u> government bonds or it can <u>extend</u> discount loans to commercial banks.

The Fed creates cash via buying securities on the open marketplace and including the corresponding funds to the financial institution reserves of commercial banks. Banks then grow the money deliver in flow even extra by using making loans to consumers and agencies.

One manner to increase a bank's amount of required reserves is to: increase deposits. One reason why banks are required to deposit a minimal quantity of reserves on the Federal Reserve is so that: the Federal Reserve can manipulate the capacity of banks to lend cash to others.

The term commercial bank refers to a financial group that accepts deposits, gives checking account offerings, makes various loans, and gives fundamental financial products like certificates of deposit (CDs) and financial savings accounts to individuals and small organizations.

Learn more about commercial banks here brainly.com/question/4423138

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3 0
2 years ago
Susan is having a bakery in the heart of the city and supplies special type of cheese cookies to all the retail outlets based on
ahrayia [7]

Answer:

The optimal stocking level is 243 boxes

Explanation:

In order to calculate the optimal stocking level we would have to calculate the following formula:

optimal stocking level=mean+(Z* standard deviation)

According to the given data we have the following:

mean=250 boxes per day

standard deviation=22 boxes

To calculate the z value we would have to calculate the service level as follows:

service level=shortage/(shortage+overage)

service level=3/(3+5)

service level=0.38

Hence, z value is -0.31

Therefore, optimal stocking level=250 + (-0.31 * 22)

optimal stocking level=243 boxes

The optimal stocking level is 243 boxes

5 0
3 years ago
To avoid injury when you're putting an item down, proper technique involves:
lisov135 [29]

A) Positioning your hands so your fingers don't get caught under the load

4 0
3 years ago
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