Answer:
E
Explanation:
market penetration means selling exiting products in existing market which is less risky then other methods of development. this is also called aggressive marketing.
Answer: a. The firm must purchase lumpy assets to achieve the increase in sales.
Explanation:
EvenFlo Pipes needs to sell more pipes in order to see an increase in sales. Assuming they are the producers, they will need to produce more pipes than they have been doing and this will need them to increase their production capacity.
To do so they would have to invest in fixed assets as these are what produce pipes. This is why the firm will have to purchase lumpy assets that will help them produce and sell more pipes.
So they will want to buy them if someone sees a product they like and maybe feels a connection to buy it then they will buy it
Answer:
True
Explanation:
The purpose of any business is to make profit, which is from the difference between revenues (price of product multiplied number of product sold) with the cost of goods sold (average total cost multiplied number of product sold).
In short, the profit = (price - average total cost) x number of product sold.
Normally the price must be above/ higher than cost, so that the firm can have profit. Sometime the price in the market go down, so the firm have have to adjust down its price also to maintain customer's purchases.
Once its price is down, but the firm's average total cost is still same as previous, the firm can not have profit as previously. The firm may bear this situation as long as its capital capacity allowed, but will not be too long.
It should be noted that the study of how resources are distributed for production of goods and services within a social system is called Economics.
<h3>What is Economics?</h3>
Economics can be regarded as a social science which focus on the study of production as well as distribution, and consumption of goods as well as services.
Therefore, economics focus on how resources are distributed for production of goods.
Learn more about economics at:
brainly.com/question/25791968
