Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
Yes, not all sources are reliable.
Answer: b. external information search
Explanation: As majority of us are not experts on everything, in the external information search stage if the consumer decision-making process, one researches for products and services that can satisfy our needs and wants. This is the beginning of risk management where we access pros and cons while taking into account past experiences we have had.
External information search occurs when the buyer has no previous knowledge about a product, which then leads them to seek information from personal or public sources or marketer dominated sources especially when the buyer's previous experience is limited inefficient. During the information search, the options available to the buyer are either identified or clarified.
When producers manage all marketing functions at the retail level they are employing an administered distribution system.
<h3>What is distribution system?</h3>
This refers to how goods produced by manufacturers are moved or transported from production place to final consumers.
Distribution system refers to the transmission of the goods and services and equipment to the end users from the manufacturer. It involves all the methods, logistics and the procedures which is required for the flow of the goods and services to the users.
Advantages of distribution systems are:
1. Distributed systems consists of high implementation costs, but are cost effective in the long run.
2. Distributed systems are made to be efficient in every aspect since they posses multiple computers.
3.The distributed systems are far more reliable than single systems in terms of failures.
Learn more about distribution system here: brainly.com/question/25736500
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Answer:
4- Rights theorists
Explanation:
Rights theorists -
According to this theory , it is the legal and moral right of an individual person , hence , any activity against these rights are unexceptable , is referred to as rights theorists .
The people have some basics rights , which can be claimed at any moment of work , and is need to be fulfilled by the company or government .
Hence , from the given scenario of the question ,
The correct option is 4 - Rights theorists