When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area
Horizontal Differentiation :
Horizontal differentiation refers to distinctions in products that cannot be easily evaluated in terms of quality. This stands in contrast to vertical differentiation, where the distinctions between products are objectively measurable and are based in the products' respective level of quality. Horizontally differentiated products vary only marginally, as it's more efficient for producers to try to capture as many new consumers as possible with minimal additional costs. While horizontally differentiated products tend to command similar prices at equilibrium, the lack of relationship to quality does not necessarily imply that they cost the same -- two products may be virtually identical in all considerations except for color or flavor and still be offered at totally different prices.
What is meant by geographical area?
Geographical Area means an area covering all or part of the territory of a Member State or extending to all or part of the territory of other Member States.
An area of land that can be considered as a unit for the purposes of some geographical classification.
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Answer:
Consider the following explanation
Explanation:
Option A, B and D are correct, It will reduce the profit of the company who is loosing the monopoly, and fewer drugs will be invented in the market and firms are loosing the monopoly, and the sunk cost will increase.
A traditional list of immediate "basic needs" is food (including water), shelter and clothing. Many modern lists emphasize the minimum level of consumption of 'basic needs' of not just food, water, clothing and shelter, but also sanitation, education, and healthcare.
Answer: Equity financing
Explanation:
When using Equity financing, the owners of the business are investing either their personal assets into the company or selling shares in the company and raising money from that.
Equity financing gives the person who invested an ownership portion in the company. The main difference between equity financing and leveraged financing is that with equity financing, you are not forced to make payments to the investors every period.
Answer:
Explanation:
In my opinion, I would like to say that Clean Machines Company is correct. If you look at it this way, you'd see that there actually isn't any contract between Clean Machines Company and Dealer. When it came to about offers, the person offering is able to revoke an offer before the offer is even accepted. And he won't be held responsible unless of course, the offer is irrevocable. Then, to make the offer to be irrevocable, the Dealer then would have needed to prove that an option was present, or prove that the offer is was not able to be revoked due to UCC provision.
