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SVEN [57.7K]
3 years ago
8

In a short essay What are advantages and disadvantages of competition for buyers and sellers?

Business
1 answer:
DochEvi [55]3 years ago
4 0

Answer:

Competition decreases your market share and shrinks your customer base, especially if demand for your products or services is limited from the start. A competitive market can also force you to lower your prices to stay competitive, decreasing your return on each item you produce and sell.

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Potential GDP is:
Eva8 [605]

Answer:

b. maximum amount of output that can be produced given the labor force, capital stock, and technology.

Explanation:

GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically

On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate

Therefore option b is correct

7 0
3 years ago
What is the purpose of the FASFA4CASTER
4vir4ik [10]
The FAFSA4caster is a free tool which provides an early estimate of your federal student aid eligibility. It analyzes your household income and assets to determine your expected family contribution or EFC.
6 0
3 years ago
Because internals seem to have a greater belief that their actions have a direct effect on the consequences of that action, they
Sergeu [11.5K]

Answer:

True

Explanation:

Incentive compensation is a system designed to motivate and reward performance. The objective of incentive compensation is staff motivation.

Most organizations employ incentive compensation as a way of encouraging their employees to work, meet and exceed target required of them by the company.

Examples of incentive compensation are bonus or profit sharing, sales comission.etc

If employees know that their actions have a direct effect on the consequences of their action, they would increase their productivity due to severance packages attached to their output like bonus , commission etc.

4 0
3 years ago
5. To advertise or not to advertise Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following p
Basile [38]
I’m not sure what this question is talking about..... I will get back to you later on this let me rethink it
4 0
3 years ago
In the context of a market orientation, it is more efficient and less expensive for an organization to
padilas [110]
In the context of a market orientation, it is more efficient and less expensive for an organization to RETAIN EXISTING CUSTOMERS.
Retaining existing customer is easier for a company to do than wining new customers. Winning new customers will entails spending money on advertisement and other forms of marketing strategies which are geared towards attracting customers.
8 0
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