Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The answer is monopolistic competition.
Explanation:
Monopolistic competition refers to a market type where there are several producers who sell the same type of products, but differentiated from one another; thus making their products unable to be substituted for one another. This is the case in the scenario at the question; though there are multiple companies producing natural and artificial flavorings, due to the different in how they taste, each company’s product cannot be substituted with one another’s.
Answer:
a. Decrease and equilibrium quantity to increase
Explanation:
An increase in the number of sellers of running shoes increases the supply of running shoes. An increase in supply leads to an increase in equilibrium quantity and a fall in equilibrium price.
I hope my answer helps you
Answer:
D. The entity CUSTOMER with the attribute ADDRESS
Explanation:
in business, an entity can be defined as any subjects or objects that involved in the business operation.
and attributes is the characteristics that differentiate one entity from another.
Customers are considered as entity because become the target of company's operation. Often times, <u>companies differentiate their customers based on their address </u>in order to figure out the popularity of their product based on each geographical location.
(C) Failure to conduct a competitor analysis is a likely reason for a retailer to close its stores when challenged by a new retailer such as Aldi.
<h3>
Who is a retailer?</h3>
- Retail is the sale of goods and services to people, as opposed to wholesale, which is the sale to businesses or institutions.
- A retailer buys in bulk from manufacturers, either directly or through a wholesaler, and then sells in smaller amounts to consumers for a profit.
- Top Retailing Issues & Challenges Today
- Consumers Prefer Multichannel Purchasing Experiences.
- Customers Expect a Convenient Experience.
- Retailers Need a Standout Experience to Attract Customer Loyalty.
- Failure to conduct a competitor analysis.
- There are numerous technologies available to drive marketing and sales, but they do not appear to work in tandem.
Therefore, (C) Failure to conduct a competitor analysis is a likely reason for a retailer to close its stores when challenged by a new retailer such as Aldi.
Know more about retailers here:
brainly.com/question/25376778
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Complete question:
Which of the following is a likely reason for a retailer to close its stores when challenged by a new retailer such as Aldi?
a. Poor business practices
b. Failure to support its customers
c. Failure to conduct a competitor analysis
d. Poor product selection
