Answer:
c
Explanation:
it doesn't make sense to be a function of money
Answer:
The answer is B.
Explanation:
In the telecom industry, the threat of new entrants is most likely low. Why? - Because:
1. High brand loyalty meaning that the existing customers are unlikely to switch to any competitors be it existing or potential. This will discourage any new entrant.
2. High economies of scale. They are enjoying low cost of inputs with high outputs. New entrants will find it difficult initially to produce at low cost. This will also discourage new entrants.
Also, the presence of strong network effects and proprietary technology among the existing firms will deter new entrants.
Answer:
The correct answer is letter "C": are processes that are specialized for relatively few products or customer groups.
Explanation:
Product-focused processes are those that follow a market segmentation. Companies decide to what sector of the market they will drive their efforts towards and specializes in the manufacturing of a determined good.
Production tends to involve high volumes and low variety process but provides manufacturers relatively high facility utilization. Examples of product-focused processes are the production of light bulbs or bolts.
Answer:
The correct answer is: a positive correlation.
Explanation:
Correlation can say something about the relationship between variables. It is used to understand:
1. If the relationship is positive or negative
2. The strength of the relationship.
Correlation is a powerful tool that provides vital pieces of information.
In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.
In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.
