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Answer: c. All-benefits approach
Explanation: Christine will be selling the cookware based on the all-benefits approach of customer value proposition. The customer value proposition describes why a potential customer should purchase a product or goods or agree to use a service that is on offer. The all-benefits approach as a type of CVP list all the benefits that the product on sale might deliver to potential customers. The more benefits a product offers, the more likely it is that a customer would purchase the product. It usually requires the least knowledge about customers and competitors.
Answer:
increase
Explanation:
the law is indirectly proportional
Answer:
Option (c) is correct.
Explanation:
The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.
The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.
Answer:
The main reason for imposing price ceilings is to protect the interests of the consumers in situations in which they are not able to afford needed commodities.
Explanation:
