Answer: Option E
Explanation: In simple words, it refers to the technique in which an organisation tries to inter-relate customers choice and the product on the basis of the sales made for the product and the contribution made by the product for a specified time period.
Under such method, the product is arranged in a decreasing order as per their contribution. By employing such method a company can determine which product to develop and price more for increasing their profits and which product should not be offered more.
Answer:
the price of the bananas went up about $0.10 each year
Answer:
True
Explanation:
In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers. Market price is set by the forces of demand and supply.
If the seller attempts to set his own price and sets it above the market price, the seller would lose all its customers and make zero sales.
If the seller attempts to set his own price and sets it below the market price, the seller would make losses .
I hope my answer helps you.