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Anna [14]
3 years ago
13

Textbook publishers can charge high prices because students enrolled in a class must purchase the specific book that the profess

or has selected. Used copies are sometimes a lower-cost option, but textbook publishers have cleverly worked to undermine the used textbook market by releasing new editions after very short periods of time. According to Porter what "force" do college students represent?a. Suppliers
b. Rivals
c. New Entrants
d. Substitutes
e. Buyers
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer:

e. Buyers

Explanation:

As per Michael Porter's 5 forces to assess industry attractiveness, following are the five forces:

1. Buyer power

2. Supplier power

3. Threat of substitutes

4. Threat of new entrants

5. Competitive Rivalry

As per the given information, the students represent the buyer power with respect to their negotiation or bargaining power. This means the influence and control buyers exercise over price of products (textbooks) here.

In the given case, the supplier power appears more domineering since buyers, the students have no other option but to buy the updated textbooks beyond a period of time as those books have been suggested by the professor.

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In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ___________ level
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Answer:

1.  Actual Price

2.  Misperceptions theory.

Explanation:

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ACTUAL PRICE level in the economy deviates from the expected price level. Several theories explain how this might happen.

For example, the MISPERCEPTIONS THEORY asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100 Year.

The above explanations is the reason why the aggregate supply curve slopes upward in the short run

4 0
3 years ago
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Answer: a. Are considered mostly ineffective compared to mobile advertising or social media promotions.

Explanation:

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8 0
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1. Heather and Joe want the lowest interest rate for their residential mortgage. Which financial institution is designed to offe
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By definition, a mortgage is loan that is used to purchase a property. The financial institutions can are designed to offer low interest rates on residential mortgages are commercial banks and loan associations. They often lead against the one-to-four family mortgages.
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Governments encourage and promote its country's exports primarily because
o-na [289]
Governments encourage and promote its country's exports primarily because it creates jobs and foster economic prosperity. Export of goods often requires involvement of customs authorities that’s why country with most favored nation status usually exports into the granting country at lower customs duty rates than other companies.
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Enter mia's total profit/loss for the month in the box below then click submit
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Answer:

350

Explanation:

Add 9000 + 200 = 9200

Then you do 9550 - 9200 = 350

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