Answer:
Opportunity cost is the cost of the next-best option. It is something important to know.
Explanation:
In microeconomic theory, opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure the efficient use of scarce resources.
Please mark brainliest.
Competition exists wherever organizations turn out similar product that charm to an equivalent
cluster of customers, once totally different corporations create or sell things that though not in
head to go competition still contend for an equivalent cash within the customer’s pocket.
Price wars will produce economically devastating and psychologically debilitating things
that take an unprecedented toll on a personal, on an individual, an organization, and industry
gainfulness. Regardless of who wins, the competitors all appear to wind up more terrible off than
before they joined the fight. But, price wars are turning out to be progressively regular and
extraordinarily savage. Consider the accompanying examples:
A common plan of action to jump-start demand is to adopt a razor and blade strategy:
valuation the merchandise low so as to stimulate demand and increase the put in base, so making
an attempt to form high profits on the sale of enhances, that area unit priced comparatively high.
This strategy owes its name to inventor, the corporate that pioneered this strategy to sell its
<span>razors and razor blades. This identical strategy is employed within the videogame industry</span>
Answer:
Explanation:
Historians have identified the basic characteristics of civilizations as cities, government, religion, social structure, writing, and art.
Answer:
Van Buren, who regarded himself as a disciple of Thomas Jefferson, was a member of the Jeffersonian faction of the Republican Party. He supported the doctrine of states' rights, opposed a strong federal government, and disapproved of federally sponsored internal improvements.
Explanation:
