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3 years ago

Value can be increased by increasing perceived benefits while holding price or cost constant. Question 11 options: TRUE FALSE

Business

1 answer:

skad [1K]3 years ago

7 0

Answer:

True

Explanation:

Value is the perception of the benefits or utility associated to consuming a good or a service in relation to the price of that good or service. This basically refers to consumer surplus, how much are consumers willing to pay for a good or service vs the actual cost of the good or service. If you increase the perceived benefits, then our consumers will value our goods or services more and this would increase their consumer surplus.

Consumers are the ones that ultimately will decide the value of our goods or services, and if they assign us a higher perceived value, they will be willing to pay a higher price for them.

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In a market influenced by network effects, the winning product or service is often determined by its technical superiority, with

deff fn [24]

Answer:

false

Explanation:

A network effect happens when a product or services increases its value because people are using it, e.g. [email protected] or [email protected]

But that doesn't mean that the technically superior product is the most commonly used. For example, [email protected] is the most popular communication app but there are several technically superior apps that are not as popular, e.g. Telegram or Signal.

[email protected]'s policies and the way they sell user information is widely known and has been investigated by law enforcement agencies, but its billions of users do not seem to care and neither does its CEO since its mere volume of users provide a huge advantage over potential competitors.

6 0

3 years ago

Studies show that Multiple Choice the more independent the central bank, the lower the average annual rate of inflation. the mor

Nostrana [21]

Answer:

Hmmm?

Explanation:

5 0

3 years ago

Ajax Company presently leases a copy machine on a monthly basis. The lease agreement requires a fixed fee each month in addition

DedPeter [7]

Answer:

Variable cost per copy =$ 0.03

Explanation:

The high and low techniques helps to analyse a cost into its variable and fixed cost component.

The formula is given below:\

Variable cost per copy = (cost at high act. - cost at low act)/(high act - low act)

Fixed cost = cost at high activity - (Vc/copy × high act)

VC per copy = ( 195 - 162)/(3500-2400) copies

=$ 0.03 per copy

Total fixed cost = 195 - (0.03× 3500)

= 195 - 105

=$90

5 0

4 years ago

Jake is in the stands at a football game with his girlfriend. He decides that he needs to ask her something very personal, so he

kenny6666 [7]

Jake has changed the SOCIAL PSYCHOLOGICAL CONTEXT.
Context refers to the environment in which communication take place. There are four types of context, which are: cultural, temporal, physical and social psychological context.
Social psychological context refers to the formality or informality of the situation depending on the relationship between the two people that are communicating.<span />

4 0

3 years ago

Read 2 more answers

In a competitive market with identical firms, A. firms cannot earn positive economic profit in either the short run or long run.

Ksenya-84 [330]

Answer:

The answer is C.

Explanation:

In a competitive market, all firms produce identical goods and services. No firm or seller can influence the prevailing market price. To increase their revenue, firms must increase their outputs.

In this industry, firms make economic profit(revenue minus accounting cost minus implicit cost) in the short run but this economic profit reduces to zero in the long run because more firms that are attracted by the short run profit can enter the industry freely. Firms can also exit with little or no cost.

4 0

3 years ago