Answer:
B) High, low
Firms and brands that continually attempt to operate in the <u>HIGH</u> price / <u>LOW</u> benefits quadrant do not survive over the long run as customer trust is Damaged.
Explanation:
Many times new products have a very short life because companies believe that they can charge very high prices because they are innovations, but they forget to provide the corresponding benefits of a very high price. Usually short living fads result from this strategy, because the customers will demand more for their money and if the product doesn't satisfy them, they wouldn't purchase it again. And with all the social networks we have today, gossip (and videos) about bad products travel extremely fast.
Answer:
b. private producers of such goods will have little incentive to control costs and provide them at low prices
Explanation:
Externality is a situation where the production activities of market participants (either producers or consumers) have an effect on third parties not involved in production.
Externality is a form of market inefficiency.
Negative externality is when goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party.
When negative externality occurs, producers have little incentive to reduce cost because they don't bear the total brunt of their activities. This is why activities that generate negative externality are over produced.
Government needs to step in to control this problem. They can either impose tax on producers or regulate their activities.
Pollution is an example of negative externality.
I hope my answer helps you
Answer:
Contracts required in writing
Explanation:
Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.
Answer:
degreased
Explanation:
Degreasing can be defined as the removal of grease stains, etc in cooking utensils from pans to pots, etc. Degreasing is one of the cleaning procedures. its aim is to ensure that sticky or grease stained cooking utensils and equipment in the kitchen are properly removes before washing and sanitizing.
Cheers
Answer:
its b i am pretty sure its b
