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Pepsi [2]
4 years ago
10

Generally, perfectly competitive industries such as paper and steel (commodities) are deemed to be ________ in profits to more d

ifferentiated industries like pharmaceuticals and cosmetics. A. Similar B. Indeterminate C. Inferior D. Superior
Business
1 answer:
Marrrta [24]4 years ago
5 0

Answer:

<h2>The answer in this case would be option C. or Inferior.</h2>

Explanation:

  • A perfectly competitive market structure is characterized by numerous buyers/consumers and sellers/producers pertaining to the market for any particular good or service.The product or service sold in the perfectly competitive market is customarily similar or homogeneous.
  • There are no legal and administrative barriers to entry or exit for any individual firm or company in the perfectly competitive market structure eventually leading to higher level of market competition or rivalry.
  • High level or market competition or rivalry hinders the market power or price making ability of the firms or companies indicating that no single or individual firm or company in the market cannot determine the market price for the concerned good or service in the market and hence,they do not have any control over the market price.
  • In contrast,in relatively non-competitive markets such as monopolistic competition,characterized by differentiated or heterogeneous products or services generally experience relatively low market competition or rivalry providing respective firms or companies with relatively higher market power or control over the market price of the concerned product or service.Hence,in non-competitive markets with differentiated or heterogeneous products or services,the individual firms or companies can somehow determine the market price for the concerned product or service according to their profit maximizing intentions or behavior.
  • Therefore,overall profitability of the firms or companies in non-competitive firms is relatively higher compared to competitive firms or companies mainly due to product or service differentiation and difference in market competition or rivalry and price making ability or level of market power.
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sergiy2304 [10]
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6 0
3 years ago
Automatic vending, direct mail catalogs, tv home shopping, online retailing, telemarketing and direct selling are examples of:__
bezimeni [28]

The answer is Non-store Retailing.

Automatic vending, direct mail catalogs, tv home shopping, online retailing, telemarketing and direct selling are examples of Non-store Retailing .

What is Non-store Retailing?

  • Non-store retailing could be a frame of retailing in which a firm offers its items without a physical retail store/space.
  • The firm offers its items by means of online stages and conveys the item to customer’s doorstep.
  • Although companies have been doing non-store retailing for the past three or four decades, it rose to noticeable quality during the 21st century.
  • In any case, non-store retailing isn't an normal line of trade by any implies.
  • Firms these days are exchanging to non-store retailing since of its “unlimited” benefits.
  • With the changes in customer’s inclinations, the non-store retailing commerce has developed monstrously amid the 21st century.

To know more about Non-store Retailing visit:

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6 0
2 years ago
The money you pay for an insurance policy is called your
Aleonysh [2.5K]

Answer: Insurance premium

Explanation:

4 0
3 years ago
Correct the single error in each of the following sentence. A week later, you browses through the trend reports​
Sergio [31]

Answer:

A week later, you browse through the trend reports.

6 0
3 years ago
Why should teenagers, in particular, look for no fee savings accounts?
Yuki888 [10]

It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.

In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.

It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:

  • Don't charge for ATM withdrawals
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In conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.

<em>Find out more at brainly.com/question/11423959.</em>

4 0
3 years ago
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