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Anit [1.1K]
3 years ago
7

1. Why is scarcity a significant problem? A. It leads to opportunity cost. B. It forces people to make choices. C. It determines

the type of economic system used.
2. Why do business owners have to answer the three economic questions? A. the answers are something banks want when they review a business plan. B. The answers determine the best way to use their resources C. The answers are required by federal law
Business
1 answer:
enot [183]3 years ago
4 0

1. It’s probably B and 2 . It’s  bit hard but if I had to go with something it would be C

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using pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the marke
OleMash [197]

Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.

In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.

When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.

Learn more about penetration pricing here: brainly.com/question/3521758

#SPJ4

5 0
9 months ago
Google: How to be successful?
scZoUnD [109]
Learn from your mistakes
5 0
2 years ago
Which of the following best describes a Nash equilibrium? An outcome from which one or both competitors can improve their positi
amid [387]

The question is reconstructed below:

Which of the following best describes a Nash equilibrium?

A. An outcome from which one or both competitors can improve their position by adopting an alternative strategy.

B. The unstable outcome of a repeated game.

C. An outcome that is stable only because of credible threats.

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Answer:

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Explanation:

Although Nash equilibrium is a game theory, it has been widely applied in economics. It states that a competitor can achieve his desired outcome by sticking to his original strategy. Both competitors' strategies are optimal when considering the decisions of each other.

8 0
2 years ago
A bond with 25 years to maturity, 7% coupon, quoted on a 6.25% basis is callable in 10 years at 103, 15 years at 102, and 20 yea
jarptica [38.1K]

Answer: 10 years to call

Explanation:

Maturity period = 25 years

Coupon rate = 7%

6.25% basis is,

  • Callable in 10 years at 103
  • Callable in 15 years at 102
  • Callable in 20 years at par

This bond is considered as premium bond. Therefore, in case of premium bonds, Yield to call will be lower than the yield to maturity. Here, the question is which call date should be utilized. According to the rule of thumb, it states that always use the term that is nearest to the whole call date.

Hence, on the customer's confirmation, the dollar price quoted must be based on 10 years to call.

8 0
3 years ago
The accounting records for Social Event Planning Services include the following select unadjusted balances on December​ 31, 2018
blsea [12.9K]

Answer:

$18,500

Explanation:

The computation of the balance of Service Revenue shown on the  adjusted trial balance is shown below:

= Service revenue ending balance + accrued value

where,

Accrued value =  $1,500 ÷ 3 = $500

And, the service revenue ending balance is $18,000

So, the Service revenue balance equal to

= $18,000 + $500

= $18,500

This is the answer but the same is not given in the options mentioned in the question.

3 0
3 years ago
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