Answer:
B) increases in spending to fight a recessionary gap may occur too late.
Explanation:
Time lags refers to the time that passes between making a decision and implementing the decision. For example, the FED announces its intention to increase or decrease their interest rate with a lot of anticipation, and sometimes it would be better if they just did it.
Politicians are famous for talking a lot and doing very little, and that happens in every country in the world. During recessions words aren't needed, actions are needed. The problem is that many times words are abundant and actions are scarce. A small problem that is not dealt swiftly and properly can become a huge problem.
Answer:
The correct answer is A. Greater than the competition a member of a strategic group and companies outside that strategic group.
Explanation:
Companies that sell products or offer similar services to the same segment of the population are in a strategic group. For example, a haute cuisine restaurant and a fast food restaurant are both restaurants, but companies would be in different strategic groups, since they usually do not have the same customers. Similarly, a fashion boutique and a haute cuisine restaurant serve the same clientele, but they are in different strategic groups because companies offer different products. The examination of companies that operate within the same strategic group is called analysis of strategic groups.
This type of analysis is often discussed in conjunction with the market focus. In the market approach, the population of consumers is divided into market segments that share common characteristics such as education level, income, age and gender. Research companies study the general preferences of market segments and then use those preferences in gear products and services to specific market segments that are served by strategic groups.
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
The element of the marketing mix that is used in the given scenario is <u>Price</u> as it has to do with an increase in tuition.
<h3>What is Marketing Mix?</h3>
This refers to the tactics that is used by a company to promote its product or brand in the market.
Hence, we can see that The element of the marketing mix that is used in the given scenario is <u>Price</u> as it has to do with an increase in tuition.
Read more about marketing mix here:
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Answer:
False
Explanation:
Complement goods are goods that are consumed together.
If the price of good X increases, producers would increase their supply of good Y and X.
An increase in supply shifts the supply curve to the right.
I hope my answer helps you