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Andrews [41]
3 years ago
7

The point at which the supply curve and the demand curve intersect is called: irrelevant, because real-world prices never reach

this point. equilibrium, because quantity demanded equals quantity supplied so there is no tendency for price to change. equilibrium, because quantity supplied exceeds quantity demanded so there is a surplus. equilibrium, because quantity demanded exceeds quantity supplied so there is a shortage.
Business
1 answer:
lyudmila [28]3 years ago
7 0

Answer:

The correct answer is letter "B": equilibrium, because quantity demanded equals quantity supplied so there is no tendency for price to change.

Explanation:

Equilibrium is a state in which supply and demand match. Plotted in a graph, equilibrium happens when the <em>curves of price and demand intersect</em>. Consumers are getting the number of goods they want, suppliers sell their goods, and <em>prices are becoming stable</em> at this point.

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Price is considered to be the variable in the marketing mix that is
Svetllana [295]

Answer:

Most flexible.

Explanation:

Price is considered to be the variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.

In Marketing, price can be defined as the amount or value that is being exchanged usually money, in order to acquire goods in a business transaction.

4 0
3 years ago
Your Competitive Intelligence team is predicting that the Chester Company will invest in adding capacity to their Cell product t
creativ13 [48]

Question Completion:

Figures in thousands (000):

Product Segment    Capacity Next Round

Dug             Core                1200

Dune     Core                1450

Beetle     Core                1040

Bat             Core                1050

New     Core                100

Adam     Core               1200

Answer:

Chester Company

Competitive Intelligence Report:

Based on the increased 10% capacity, the industry can produce 6,644 units.

Explanation:

a) Data and Calculations:

Product Segment    Capacity Next Round    Increased Capacity (1.1)

Dug             Core                1,200                    1,320

Dune     Core                1,450                    1,595

Beetle     Core                1,040                     1,144

Bat             Core                1,050                    1,155

New     Core                   100                        110

Adam     Core               1,200                    1,320

Total                                     6,040                   6,644

b) Each of the core segment products can be increased by the increased capacity factor of 1.10 (1 + i), where "i" is the rate of capacity increase.  Alternatively, the total capacity in the current period can be increased by the increased capacity factor.  Either way, produces the same result of an increased capacity of 6,644 units that the industry can produce.  The result also shows that the options provided in the question are not correct.  They must have been based on other assumptions.

7 0
3 years ago
A Third World country can be described as a(n) __________ country.
masya89 [10]

Answer: undeveloped country

Explanation:

6 0
3 years ago
If a shortage exists in the hamburger market, then the current price must belower than the equilibrium price. For the market to
dalvyx [7]

For the market to reach equilibrium, you would expect prices to rise.

<h3>What is a shortage?</h3>

A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.

For a shortage to be resolved, prices would rise until equilibrium price is reached.

To learn more about equilibrium, please check: brainly.com/question/26075805

8 0
3 years ago
Read 2 more answers
In the resource-based model of above-average returns, a capability is:
grigory [225]

Answer:

The correct answer is c. the capacity for a set of resources to perform a task or an activity in an integrative manner.

Explanation:

The central assumption of the resource-based model says that the company's unique capabilities, resources and core competencies influence the choice and use of strategies rather than the external environment of the company. This yields higher than average returns when uses its valuable and unique capabilities, expensive to imitate and impossible to substitute to compete against its rivals in one or more industries. The evidence indicates that the two models provide knowledge that is linked to the choice and successful use of strategies. Consequently, companies want to use their unique core resources, capabilities and competencies as the basis for one or more strategies that allow them to compete in industries they understand.

6 0
3 years ago
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