Yes this true and I know because my cousin owns a business.
Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.
Answer:
E) A and C are correct.
Explanation: A and C are correct because:
1. A price taking firm is a perfectly competitive firm; a firm that cannot influence the market price. It does not set the market price and is only in business to sell at the prevailing market price, or lower its prices to attract customers.
Therefore, Alcoa has violated this assumption because it is the sole seller of aluminum and is not a price taker but rather a Price Maker. Alcoa can set the price of aluminum to any level it likes at it enjoys pricing power.
2. Free entry assumption: free entry is one of the qualities of a perfectly competitive market, because firms can easily come into the business with little or no hindrance.
Alcoa has however violated this assumption because it owns nearly all the aluminum ore reserves in the world. It would therefore be very difficult or impossible for another firm to gain free entry into the aluminum business.
Answer: Qualitative data
Explanation:
Qualitative data involves observation and recording of data. Data is gathered by observation, conducting face-to-face interviews, surveys, case studies etc. It is also known as categorical data.
Qualitative data helps to determine characteristics and features. In business and marketing, qualitative data helps to provide answers to who a customer is, the problem they face and how to solve it.