Answer:
False.
Explanation:
(1) Units produced = 24 units of output
At the 24th unit of output,
Marginal revenue = $5
Marginal cost = $4
MR ≠ MC
At the 25th unit of output,
Marginal revenue = $4.50
Marginal cost = $4.50
MR = MC
At the 26th unit of output,
Marginal revenue = $4
Marginal cost = $5
MR ≠ MC
A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.
It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.
This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.
Answer:
It suggests that they are not doing anything competitively different.
Explanation:
Network externalities if well harnessed should bring about an increase in end users satisfaction and value derived.
Multi housing costs, ordinarily, and when taken as a whole, should results to an overall minimization of the total costs. Economics of scales and other resources are centrally allocated here, and the effect should be a gain to the entity.
Level of differentiation across firm's offerings - products or services, signals the procedures an organization adopt to mark the uniqueness of their products or services. It shows how distant they are among the other varying sets.
Thus, from the case given, the four firms have the same share of the market - 25%. The implication is that as far as we are concerned, their level of activities and postures in the market is same and/or similar. This ultimately cuts across the network externalities, multi housing costs and the level of differentiation of firm's offerings. They are thus not competitively different.
The given statement "DFW Security Services targets high income professionals with custom-designed security systems. These systems are positioned as the premier systems available on the market. DFW Security employees a highly refined marketing mix to support its intended market position with target customers. What has just been described amounts to DFW’s marketing mix" is FALSE
Explanation:
DFW Security Services provides practitioners with high-income networks for tailored security systems. Such solutions are put on the market as the leading systems. For its purpose of supporting the target customers, DFW Health employs a highly refined marketing blend.
It is the DFW Marketing Strategy that has just been identified.
A marketing strategy corresponds to an overall strategy for attracting and turning prospective buyers into clients of the goods or services provided by the company.
Answer:
Explanation:
✓Performance Risk
1)Could Damage Career
2)All the same
✓Financial Risk ( risks that could be attributed to finance, i.e money)
1)Tight budget
2)Expensive Service
✓Psychological Risk
1)Unimportant
2)Personal Image
✓Internal vs External ( ways to get access to information)
1)Salon of Convenience
2)Salon of Choice
✓Benefits vs Costs
1)Worth the Money
2)Effortless
Answer:
That statement is true
Explanation:
Strategic goal is the type of goal that is carefully designed to accomplish a business strategy, This type of goals need to express the desired outcome that wanted be achieved and listed a specific set of actions that can make the company achieve that outcome. Strategic goal commonly created when a company want a more concrete way to measure its success compared to other competitors.
This can be seen in Jerome's italian pizza.
"Increase profits by 15% a year for each of the next five years" is what considered to be the desired outcome.
lowering costs and prices, providing quicker delivery, and providing good customer service are the Sets of action that the company intended to take.
