Answer: Marketers need demand-based price information in industries dominated by price competition.
Explanation: In a competitive market, marketers need to study the price of other marketers in the market. This would enable the marketers to know how to adjust their prices to attract customers to their products.
A competitive market is one which is controlled by the forces of demand and supply.
Answer:
Explanation:
Sunk, or past, costs are monies already spent or money that is already contracted to be spent. A decision on whether or not a new endeavor is started will have no effect on this cash flow, so sunk costs cannot be relevant.
For example, money that has been spent on market research for a new product or planning a new factory is already spent and isn’t coming back to the company, irrespective of whether the product is approved for manufacture or the factory is built.
Committed costs are costs that would be incurred in the future but they cannot be avoided because the company has already committed to them through another decision which has been made.
Answer:
Personal skills and qualities that employers look for in candidates for ... Overall, employers look for job candidates with strong personal skills because ... They are just as, if not more, important to employers, though you'll need a mix of both. ... two employees utilizing their information technology skills working on fixing a tech ...
Explanation:
C. Companies that are manufacturing goods in a particular country and are exporting much of what they produce lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to
Explanation:
Fluctuating exchange rates will cause companies that are manufacturing goods in a particular country and are exporting much of what they produce to lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to.
- If the currency of a country weakens compared to that of another country, the exchange power of such currency reduces.
It simply implies that more of the weak currency will have to be exchange for little of the stronger one.
- In this context, comparison is drawn between exchange rates and companies in foreign markets.
- For companies manufacturing their goods locally and exporting them, they have to pay more using their weak local currency to source for raw materials.
- This will eventually tell on the cost of production of the goods.
- To measure up, selling price of the exports will increase.
- This can dissuade potential buyers from patronizing them in the foreign market. .
- if they decide to keep selling at the previous price, loss can set in.
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Answer:
Stratified random sampling.
Explanation:
Startified random sampling is one that divides the total population into subpopulations and analysis of each subpopulation is done to measure variations between them.
Each subpopulation is adequately represented in the whole sample used for study. For example when a population bis divide based on age into 18-30 years, 31-50 years, and 51 years and above.
The researcher divides all the current students into groups based on their class standing (freshman, sophomores, etc.). Then, she randomly draws a sample of 50 students from each of these groups to create a representative sample of the entire student body in the school.
This is use of stratified random sampling.
