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dem82 [27]
3 years ago
6

Multimarket competition occurs when firms: a. have a high level of awareness of their competitors' strategic intent. b. simultan

eously enter into an attack strategy. c. compete against each other in several geographic or product markets. d. sell different products to the same customer.
Business
1 answer:
cestrela7 [59]3 years ago
4 0

Answer:

compete against each other in several geographic or product markets.

Explanation:

Multi-market Competition is a form of competition when two or more firms compete in several market across the geographies by selling different products. Multi-market competition leads to different strategies of business growth than that of  a single market competition because if a company A plays aggressive strategy in one market another company B may play against it in another market where company A is vulnerable. Hence it leads to situation called “Mutual forbearance “. It is generally seen that such companies do not play price war. Barriers to entry in such market is low due to availability large number of markets.  

Example of this could be Procter and Gamble competing Hindustan Uni-Lever limited. Both of them have diverse portfolio of products and both of them sell their product in different market across geographies.

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Answer:

<em>C. Judy</em>

Explanation:

A merchant underneath the Uniform Commercial Code is an individual who:

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An individual is a merchant whenever, working in a professional context, he or she possesses or utilizes skills related specifically to both the products and services being offered.

<em>Judy is an expert in horse training, therefore possess skills, that will offer her an advantage in selling horses.</em>

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Which of the following is the correct term to
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Explanation:

5 0
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Time preference is: a. the purchase of new capital goods. b. a sophisticated IOU that documents who owes how much and when payme
kirill [66]

Answer:

D. the desire to have goods and services sooner rather than later (all other things being equal).

Explanation:

The time preference talks about the placing relative value on goods received at an earlier date compared with receiving that particular goods at a later date. It is the assumption that people prefer a given goods or services be delivered sooner rather than later all things being equal. It occurs when a person focus on having a good sooner rather than later.

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In mutual v. ohio, the supreme court ruled that motion pictures were _____. inherently detrimental to society a business a form
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3 years ago
A company has established that the relationship between the sales price for one of its products and the quantity sold per month
Vilka [71]

Answer:

max profit at MR = MC  is 1,562.5 dollars

Explanation:

we need to solve for the point at which MR = MC

First we calculate marginal revenue, the revenue generate from an additional units which, is the slope of the revenue function

p = 70 - 0.1Q

total revenue = (70 - 0.1Q)Q = -0.1Q^2 + 70Q

dR/dq= -0.2q + 70

Then we do the same for marginal cost, the cost to produce another unit:

total cost: 1,500 + 35 Q

dC/dq = 35

Now we equalize and solve:

-0.2q + 70 = 35

70 - 35=0.2q

35/0.2 = q = 175

p = 70 - 0.1 (175) = 70 - 17.5 = 52.5

52.5Q - 1,500 - 35Q = profit

52.5 x 175 - 1500 - 35 x 175 = profit

profit = 1562.5

if we calcualte for one up or down:

Q = 174 then profit = 1562.4

Q = 176 then profit = 1562.4

This profit is lower than our maximize point, so we agree this is the max point.

8 0
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