Answer:
Zero
Explanation:
Supply is buyers ability & willingness to sell at given price, period of time.
Elasticity of Supply is change in supply by buyers, in response to price change.
Supply Elasticity is as undermentioned in following cases :-
- Zero (Perfectly Inelastic) - Quantity supplied doesn't change with price change.
- Inelastic - Quantity supplied change < price change.
- Elastic - Quantity supplied change > price change
- Infinite (Perfectly Elastic) - Quantity supplied responds infinitely high to price change, prices stay constant.
Given : Fishermen must sell all his daily catch before it spoils; means he will have to sell daily produce <u>irrespective</u> of any price change (rise / fall). So, the elasticity of supply is zero.
With a(n) Differentiation strategy, the organization attempts to develop innovative products unique to the market.
<h3>What is
Differentiation strategy?</h3>
Your differentiation strategy is how you distinguish your company from otherwise similar competitors in the market. Typically, it entails emphasizing a significant distinction between you and your competition. And your potential clients must value that distinction.
It gives higher value to your customers and helps your organization stand out in the industry. As a result, the primary goal of any differentiation plan is to strengthen your company's competitive edge.
In contrast to cost leadership, the differentiation strategy enables businesses to adopt a creative approach to their products while charging premium rates. Starbucks, for example, goes beyond simply selling coffee by offering a distinctive coffee experience at their coffeehouses.
To know more about Differentiation strategy follow the link:
brainly.com/question/14682824
#SPJ4
Answer:
The agencies perform the services by hiring CEOs (or the ceos of the company) by assigning them jobs and then hiring people that meet the qualifications. Also, if they are at least 16 then they should have everything they need to work or volunteer.
Explanation:
Answer:
D. in general, because consumers benefit from the lower prices and would lobby their elected officials to keep the price control.
Explanation:
Binding price floor is a favourable pricing condition for consumers imposed by government on sellers for this reason consumers will find all means to ensure the price remains the same.
Answer:
Option C
Explanation:
In simple words, single sourcing refers to the method under which an organisation places orders for its raw material from a single supplier. This practice is implemented due to the advantages such as discounts that one might get from purchasing from a single entity and also the schedule for deliverers can be scheduled as per one own needs.
However such method is useful only for small orders and it burdens on the flexibility which makes the entity awfully dependent on supplier.