Price leadership refers to the setting of price in a market by a dominant company which is observed by other in the same market. It is a form of cooperative pricing. The method of price leadership is often used by matured and established industries.
INCREASE IN RIVALRY AMONG COMPANIES AND DECREASE IN PRICE AND PROFITS can occur when the price leadership model break down.
Answer: Institutional advertising
Explanation:
Institutional advertising is applied by Think Green to encourage the public to follow their "Go Vegan" lifestyle they promote.
Institutional advertising is a form of advertising used by organizations to create a positive public image of themselves or what they stand for.
Answer:
The correct answer is letter "B": False.
Explanation:
Small businesses have an advantage in differentiating their products because they are closer to their clients and are often more flexible than their bigger competitors. The differentiation of innovative goods is often a key factor in small business success.
Answer:
4000
Explanation:
Calculation to determine how many units of foreign currency does the same basket of goods cost in that country
Based on the information given we were told that the PRICE OF A BASKET OF GOODS is the amount of $2000 in which the dollar buys TWO UNITS of some country’s currency, now let determine HOW MANY UNITS of foreign currency does the same basket of goods cost in that country
Using this formula
Units of foreign currency=Basket of goods price*Some country’s currency units
Let plug in the formula
Units of foreign currency=$2,000* 2 units
Units of foreign currency=4,000 units
Therefore the number of units of foreign currency that the same basket of goods cost in that country is 4,000
The price of a basket of goods is $2000 in the U.S. If purchasing power parity holds, and the dollar buys two units of some country’s currency, then how many units of foreign currency does
Answer:
Explanation:
find the attached solution below
