1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexandr1967 [171]
4 years ago
5

If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a ________ share of the

market, and consumers will consider her strawberries to be ________. Therefore, ________ advertising will take place in this market.
Business
1 answer:
vodka [1.7K]4 years ago
6 0

Answer:

<u>small</u>,

<u>standardized </u>

<u>little, if any</u>

Explanation:

A perfectly competitive market form is characterized by the following:

  • Large number of buyers and sellers: The number of sellers is so large that the output of a single seller is insignificant w.r.t the total industry output.
  • Homogeneous products: Firms produce exactly similar or homogeneous products w.r.t color, size or attributes.
  • Free entry and exit: There are no entry barriers so new firms can join the industry while loss making firms exit the industry.
  • Price takers: Since all sellers offer same products, the price is determined by the interaction of market forces of demand and supply and thus each firm represents a price taker.
  • Perfect knowledge on part of buyers

In the given case, since the strawberry wholsaler operates in a perfectly competitive market, she will have small and insignificant share of the market which means she cannot influence the price individually.

Also since all sellers sell the same product i.e strawberry, consumers will consider her strawberries to be standardized and there is little scope of advertising.

You might be interested in
Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million is looking to buy a large industrial furna
Sloan [31]

Answer:

The correct answer is A. maker.

Explanation:

The manufacturing industry (manufacturing) is the production of added value of merchandise for use or sale using labor and machinery, tools, chemical and biological processes, or formulation. The term can refer to a wide range of human activities, from handicraft to high technology, but it is more commonly applied to industrial production, in which raw materials are transformed into finished products on a large scale. Such finished products can be used to manufacture other more complex products, such as airplanes, appliances or cars, or be sold to wholesalers, which in turn sell them to retailers, which they then sell to end users or consumers.

6 0
3 years ago
A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for simil
Ann [662]

Answer:

Nonstructured pricing

Explanation:

Nonstructured pricing is also called copy cat method of pricing and involves a pricing that is based on prices charged by similar businesses for a product or service. The business copy cats the prices of competitors. On the other hand structured pricing is done based on the firm's internal determination of the value of a product.

A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. He is using no structured pricing.

8 0
3 years ago
Read 2 more answers
What are primary and secondary markets?
kotegsom [21]

Answer:

Explanation:

The primary market is the market in which the new securities like bonds, stocks, etc are offered to the general public for the first time or we can say Initial public offer.

The initial public offer is an example of the primary market .

On the other hand, the secondary market is that market in which the securities are purchased or sold through the investors after offering to the general public.  

Example - New York Stock Exchange (NYSE), etc.

8 0
3 years ago
Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign
Alika [10]

Answer:

The statement is true, as it is an example of foreign direct investment.

Explanation:

Foreign direct investment is the direct investment by individuals or legal persons in production or business operations abroad. In this context, investments include both acquisition of foreign operations and expansion of own operations.  

Foreign direct investment does not include the purchase of either shares or bonds per se. More specifically, the IMF has restricted direct investment on acquisitions to cases where the foreign investor owns 10% or more of the shares that give administrative rights in the business. Investment funds that can be classified as foreign direct investments therefore include equity deposits, reinvestments of dividends from the business, as well as the allocation of short-term and long-term loans between parent companies and subsidiaries.  

3 0
3 years ago
You notice that you always make your transaction at the very beginning of the round. Although​ it's nice to transact every​ time
Mazyrski [523]

Answer:

you're receiving too small of a gain

Explanation:

Based on the information provided within the question it can be said that offering a price so low that buyers immediately accept it might mean you're receiving too small of a gain. That is because if a buyer is immediately accepting it, then it can be because they realize that it is a great deal and that they will most likely not find a better price anywhere else and immediately decide to buy it from you. Therefore you can be selling it for an increased profit margin by increasing the price.

4 0
3 years ago
Other questions:
  • Select the items below that describe why scarcity exists.
    8·2 answers
  • If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b
    5·1 answer
  • American Express Company is a major financial services company, noted for its American Express® card. Below are some of the perf
    14·1 answer
  • A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will
    5·1 answer
  • New ________________ can improve economic activity provided that production costs are reduced and the economy can absorb those w
    6·1 answer
  • In formal writing, you _____________ ____________ use abbreviations. Should never should always almost never almost always Forma
    6·1 answer
  • Explain the limitations of statistics
    7·1 answer
  • Your boss would like your help on a marketing research project she is conducting on the relationship between the price of juice
    9·1 answer
  • On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies ove
    10·1 answer
  • McLaughlin, Inc. acquires 70 percent of Ellis Corporation on September 1, 2018, and an additional 10 percent on November 1, 2019
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!