An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.
Whirpool use the competences to enhanced their understanding
of their customers and develop product offerings by as we know that Whirpool
Corporation takes a cooperative approach to social media networks, with the
Digital Marketing, Public Relations, and Customer Care teams all concerted
effort to make available a reliable and trustworthy brand voice to its customers.
What?
Explanation:
Good Luck
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Information search
b) Prepurchase evaluation
c) Evaluation of alternatives
d) Evoked set determination
e) All of the above
And the correct answer is the option E: All of the above.
Explanation:
To begin with, the consumer decision process is the name that receives in the field of marketing a process that focus on the path the consumer has to go though in order to achieve a purchase. In that process there are many stages and in the beginning the consumer has to do a pre purchase evaluation in where he will have to obtain information from the products by doing a search and he will have to evaluate the alternatives so therefore that when Chet is thirsty and buys a Coke directly he is skipping all of those parts in the consumer decision process.
Answer:
$130,000
Explanation:
In this question, we are going to calculate Andrew’s economic profit.
To do this, we first identify the mathematical formula that could help us arrive at the answer.
Mathematically, economic profit = Total revenues-(explicit cost + implicit cost)
Explicit cost are referred to as direct payment made by the business. Here, the explicit cost include ,cost of labor and start up costs. The value is thus 30,000 + 60,000 = $90,000
The implicit cost here is the opportunity cost, which is the amount she would have earned at her previous job. Another implicit cost here is the $10,000 he is supposed to pay for rent but does not since he owns the building
The Economic profit is thus = 300,000 -90,000-10,000-70,000 = $130,000
