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GREYUIT [131]
4 years ago
15

In which stage of the product life cycle does price decrease as competition increases and inefficient, high-cost firms are elimi

nated?
Business
1 answer:
erik [133]4 years ago
6 0

Answer:

The correct answer is "maturity stage"

Explanation:

The product life cycle is divided into four stages: introduction, growth, maturity, and decline. This concept allows the managers to decide when is an appropriate moment to increase, reduce or expand to a new market with a specific product.

At the maturity stage price decrease as competition increases and inefficient, high-cost firms are eliminated

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Saul Goodman graduates from law school and gets a position in a law firm. At the same time the price of pizza falls while other
kumpel [21]

Yes, Saul Goodman is violating Law Of Demand.

<h3><u>What is Law of Demand?</u></h3>
  • One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
  • According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
  • In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.

Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.

Know more about Law of Demand with the help of the given link:

brainly.com/question/10782448

#SPJ4

6 0
2 years ago
Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and mate
liq [111]

Answer:

$950,000

Explanation:

<u>Particular                                     Amount    Amount</u>

Finish Goods                                                $39,000

W.I.P Goods                                  $34,000

Add: material                                $27,000              

material purchase                        $555,000

Direct labor                                   $248,000

<u>Factory Overhead                        $143,000</u>

                                                      $1,007,000

Less: material                               $20,000

W.I.P Goods at end                      $33,000

<u>Finish Goods                                $43,000                 </u>

<u>                                                                       $911,000</u>

<u>Total cost of goods sold                               $950,000</u>

6 0
3 years ago
If you choose a career instead of a job, you must work it until you retire. true false
lutik1710 [3]
The answer is false because you can always choose another career.

5 0
4 years ago
Madeline has developed a product that can help people with diabetes better control their blood sugar by helping them to manage t
miv72 [106K]

Answer:

life stage would be the best for 5his type of product

6 0
3 years ago
Present Value of an Annuity of 1 Periods8%9% 10.926 0.917 0.909 21.783 1.759 1.736 32.577 2.531 2.487 A company has a minimum re
Bogdan [553]

Answer:

d. $197,418

Explanation:

Profitability index for this project = Present value of cash inflows / Present value of cash inflows

Profitability index for this project = 2.531*$78000 / $195000

Profitability index for this project = $197,418 / $195,000

Profitability index for this project = 1.0124

So, the net present value of this project is $197,418

8 0
3 years ago
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