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Ahat [919]
3 years ago
14

Successful product differentiation:

Business
1 answer:
Kryger [21]3 years ago
7 0

Answer:

The correct answer is letter "D": can be based on either real or perceived differences in products.

Explanation:

Product differentiation is a marketing tool companies used to distinguish their products or services from the competitions. Generally the more a product is differentiated and, thus, made unique, the more a company can charge for it. Product differentiation is usually <em>subjective </em>since its goal is to change customer's perception of the benefits of a product over another. Though sometimes the information provided can be objectively true.

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Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t
Elza [17]

The answer is marginal revenue (MR) curve above $22.

Explanation:

Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.

Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.

Economic profit = account profit = Opportunity profit

Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.

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3 years ago
True or False. For consumers, a credit card offers convenience.
evablogger [386]
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The following information is available for the year ended December 31: Beginning raw materials inventory$12,000 Raw materials pu
posledela

Answer:

Direct material used= $88,600

Explanation:

Giving the following information:

Beginning raw materials inventory$12,000

Raw materials purchase 88,000

Ending raw materials inventory 11,400

<u>To calculate the direct material used in production, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 12,000 + 88,000 - 11,400

Direct material used= $88,600

3 0
3 years ago
You are considering a job that offers a pension of 80% of your highest yearly salary prior to retirement. You expect your highes
lara31 [8.8K]

Answer:

1,120,000 dollars

Explanation:

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. What happens if you don't pay your insurance premium for your car?
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