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leonid [27]
3 years ago
8

In which stage of the product life cycle is it important to broaden distribution of the product?

Business
1 answer:
EleoNora [17]3 years ago
6 0
<span>Broadening the distribution of the product is important during the growth phase of the product life cycle, to meet the expected demand after the introduction phase and acceptance of the product, thereby avoiding opportunity loss and increase it's market share.</span>
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This is the term that describes the circus performers who were painted by pablo picasso
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I'll think it's better if you search it up on google it will probably give you more information

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Scenario 28-1 Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categori
tino4ka555 [31]

Answer: 3 million.

Explanation:

Unemployment is defined as when a member of a Country's labor force is jobless but actively looking for work.

In the Scenario 28-1, the discouraged people are not counted as they are discouraged and not looking for work and 1 million other people being students and retirees amongst others are not looking for work either.

The unemployed section of Mankiwland is therefore the 3 million unemployed people.

4 0
3 years ago
Suppose the price of barley increases by 16.53%. If breweries buy 3.28% less barley after the price increase, the total revenue
disa [49]

Suppose the price of barley increases by 16.53%. If breweries buy 3.28% less barley after the price increase, the total revenue for barley producers will increase because the price effect is greater than the quantity effect.

Explanation:

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Both have a general raise in costs in an economy. However, they work otherwise. Conditions of market pull arise as customer demand raises costs.

Consumers are now increasing the demand on the good for some quantity, and suppliers would need to offer a better price in order to deliver the good.

8 0
3 years ago
Suppose the market for gourmet chocolate is in long-run equilibrium, and an economic downturn has reduced consumer discretionary
VashaNatasha [74]

Answer:

a. Decrease

b. Decline

c. Exit

d. No change

Explanation:

The market for gourmet chocolate is in the long-run equilibrium, and an economic downturn has caused the consumer disposable income to fall. Chocolate is a normal good, and the chocolate producers have identical cost structures.

a. This decline in the consumer income will reduce the purchasing power of the consumers. As a result, the demand will decrease. The demand curve will move to the left.

b. This leftward shift in the demand curve will cause the price to decline, As the price falls, the profits earned by the producers will decline as well.

c. In the long run, the firms operate at zero economic profits. So a decline in profits imply that the firms are operating at an economic loss. This will cause the loss incurring firms to exit the market.

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8 0
3 years ago
Suppose the consumer price index (CPI) stands at 240 this year. If the inflation rate is 5 percent, then next year's CPI will eq
denis23 [38]

Answer:

c. 252

Explanation:

Calculation of what the next year's CPI will equal

Using this formula

Next year's CPI=[Consumer price index (CPI) +(Consumer price index (CPI) *Inflation rate

Let plug in the formula

Next year's CPI=[240+(240*5%)]

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Next year's CPI=252.

Therefore the next year's CPI will equal 252

4 0
3 years ago
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