<span>Of you were stuck working in an office that has an open floor plan with work stations that are poorly arranged leaving you with a lack of space to keep all the things you need at your desk as well as a far walk that is inconvenient, even knowing the problem will be resolved in a few months when you change jobs, you should work together with your colleagues and rearrange the office furniture to make a better work environment.</span>
Explanation:
Marketing can be understood as the strategic development of action plans capable of building a strong relationship between the client and the company, and generating value for a brand.
Therefore, a young person shopping at a local mall that incorporates all the benefits of marketing will be responsible for bringing these advantages to a company and putting it in a successful position.
Suppose the young man had a need to buy running shoes, so he went to the mall to look for options to meet his set of needs including benefits and price. As he strolled through the mall he noticed a store whose sports shoes ads he had seen on TV, so he felt confident when he entered the store, saw images of an advertising campaign that a famous sportsman wore branded sneakers, felt identification with the brand and then was well attended by the sales team, who explained all the benefits of the product and even gave a discount to buy through the online store.
Satisfied with the purchase and service, the customer started to follow the social media of the brand in question, bought another sneaker through the online store and started to recommend the brand in their social media.
We can see that through marketing efforts, the brand is able to create a favorable shopping experience that helps to retain customers and attract new ones, so it positions itself in the market in a competitive and profitable way.
fewer; less
Compared to the perfectly competitive firm, the monopolist faces a demand curve that is less elastic because there are fewer substitutes for the product produced by the monopolist.
<h3>What is the demand curve faced by a perfectly competitive firm and a monopolistic?</h3>
A firm's demand curve is perfectly elastic under perfect competition because it can sell any quantity of commodities at the going rate. Therefore, even a slight price rise will result in no demand. This suggests that the company has no influence over price. Large businesses, on the other hand, that are subject to monopolistic competition, deal with differentiated products based on brand. As a result, the demand curve has a decreasing slope and enjoys monopoly power. Only by lowering the price of the product and selling close substitutes will it be able to sell more goods. As a result, under perfect competition, the demand curve facing a firm is perfectly elastic, while under monopolistic competition, it is less elastic.
Learn more about demand curve here:
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The statement above is TRUE. Team development is divided into five distinct stages which are: forming, storming, norming, performing and adjoining. The storming stage is the stage where team members bring their divergent ideas to the table about how the team should work. Conflicts usually arise during this period and it is the least productive stage of the team development.
