Answer: option A
Explanation: In simple words, competitive market refers to the market structure in which large number of buyers and sellers are present each operating at a small level and selling similar production with no interdependence on one another.
In such a structure, the sellers has to accept the price that is determined by the market forces of supply and demand as no individual participant can influence the price by changing output due to low level of operations.
Thus, the correct option is A.
Answer:
B. targeting strategy and marketing mix
Explanation:
In business, Targeting strategy refers to a strategy that a company implemented to sell their product to specific group of consumers.
In pepsi's case, they focus their targeting strategy toward the consumers who want a refreshing drink.
Marketing mix is a marketing strategy that is revolved around product, price, place, and promotion. Companies could utilzie this 4 factors to create a business model that can make their targeting strategy succesful.
In pepsi's case:
They sold their product in almost every convenience store <u>(place) .</u> Making it easier for consumers who currently crave refreshing drinks. The <u>price </u>of Pepsi's product is very affordable.
<u>They designed and promote their produc</u>t to obtain a reputation as refreshing a product that can relinquish your thirst. You can see it in most of their advertising. Most of it consist of people in a hot weather that craves something cold and refreshing.
Answer:
capitalism
Explanation:
No country in the world is completely capitalistic or completely socialistic. Every government is a mixture of both, but most lean towards on side or the other.
The US was normally known as being the champion of capitalism, but when the republican party shifted its free market policies towards higher regulations and less trade, that started to change. On a capitalistic system, private entities (suppliers and consumers) decide how to allocate resources and they generally do it much more efficiently.
Pure capitalism doesn't accept governments, the laissez faire doctrine advocates for no government intervention, but in a real it is not possible.
Even in capitalistic countries, governments must exist and they need money to function, so they tax people and businesses. They also regulate some specific activities (e.g. monopolies, trade tariffs, etc.) and they try to redistribute wealth (e.g. welfare, unemployment benefits, free education, social security, etc.).
The US is still one of the most capitalistic countries in the world, although the last foreign policies point in another direction. Before the US advocated for free trade agreements and free trade zones, but that has been partially replaced by trade tariffs and quotas.
I have a feeling its B or D.. not so sure (:
