Answer:
A.
Explanation:
Characteristics of a Perfectly Competitive Market:
-Very Large Number of Sellers and Buyers.
<em>Each firm produces an extremely small percent of total market supply.</em>
-Identical (Homogeneous) Product.
<em>The product sold by one firm is identical to that sold by another firm.</em>
-Easy Entry/Easy Exit.
<em>Easy to enter this industry because costs are low. Also easy to quit this industry because of the low costs. </em>
-Perfect Information.
<em>Buyers and Sellers Have Perfect Information. All the buyers and sellers know all of the relevant information.</em>
<em>-</em>The Competitive Firm Is A Price Taker.
<em>The firm must take the market price as given.</em>
Answer:
1. Marketing strategies
2. Marketing Strategies
Explanation:
Marketing strategies are simply a set of procedures or actions a company and/or a seller intends to undertake to sell a product or service to the end user, with a view to earning a profit. Marketing strategies understand that there are many goods chasing fewer buyers. Hence, the competition is often stiff. In a bid to gain a competitive advantage and an edge, a good marketing strategies is very critical to a business concern.
There are basically 4 elements of marketing:
- Price
- Promotion
- Product, and
- Place
Price is simply the amount the end user intends to pay for a product. It is an acknowledged fact through the study of consumer behavior that consumer will buy more of a go when the price is low, compared to when high. This is bearing that they both have same quality content. Thus, pricing is a critical element of marketing as its proper application is incidental to a firm gaining its competitive advantage. Hence, a seller must have the propensity to change price often, rapidly and aggressively in response to competitors' price changes.
Additionally, Proper pricing should not be viewed in isolation. Other elements of marketing are also critical to understanding appropriate marketing strategies. Making products stand out through requisite promotion strategies - advertisements, publicity, fairs and all, make pricing more competitive.
Also, a product with good and high quality easily wins the heart of a consumer than otherwise. Thus, to be competitive, a seller must come up with a product of good quality and rating. And when a consumer sees that there's value for money, he's inclined to paying more.
Strategically placing your product where it'll easily contact the prospective buyer goes a long way in being competitive and taking the advantage of the pricing decision.
Answer:
the government's sovereign immunity
Explanation:
In the US, the federal and state governments have sovereign immunity which means that they cannot be sued unless they agree to it. In the US, the federal government waived their immunity protection from a series of possible torts through the Federal Tort Claims Act. But that law does not include litter or accidents occurring in highways.
Sovereign immunity basically states that the federal government cannot be sued for its actions unless those actions are included in the Federal Tort Claims Act. To be able to sue a state government other rules apply, specially regarding the circumstances around the reason for the claim.
Answer:
PV= $7,721.73
Explanation:
Giving the following information:
Your deal with her is that you will pay her $1,000 per year for the next ten years with the first payment occurring at the end of this year. If your discount rate is 5%.
To calculate the present value we need to use the following formula:
NPV= ∑[Cf/(1+i)^n]
For example:
Year 4= 1,000/1.05^4 822.70
Year 8= 1,000/1.05^8= 676.84
NPV= $7,721.73
BCG matrix is a framework created by Boston Consulting Group to evaluate the strategic position of the business brand portfolio and its potential. It classifies business portfolio into four categories based on industry attractiveness (growth rate of that industry) and competitive position (relative market share
