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3 years ago

A ________ externality exists when the number of customers who purchase a good or use it influences the quantity demanded.

Business

1 answer:

aleksandrvk [35]3 years ago

3 0

Answer: network

Explanation:

Network externality simply states that demand for a good or service has to do with how other people demand for that particular good or service. It means consumer's buying patterns are influenced by the purchase of others buying the product.

Therefore, a network externality exists when the number of customers who purchase a good or use it influences the quantity demanded.

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ValentinkaMS [17]

Answer: Positioning strategy

Explanation: In simple words it refers to a marketing strategy under which an organisation tries to spotlight specific areas of operations and qualities in the eyes of customers that they have better in comparison to their competitors.

In the given case, The food brewery is offering its product in a different way than the other participants and is trying their best to highlight that quality.

Thus, we can conclude that they are using positioning strategy.

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3 years ago

Why do we have to have an internet connection to use this app

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3 years ago

Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo

Dmitry_Shevchenko [17]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

$2x+3y\leq 450$

$x\geq 0$

$y\geq 0$

Revenue is given by,

$TR= 25x + 35y$

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

$TR = 25(0) + 35(150) = $5,250$

At (225,0)

$TR = 25(225) + 35(0) = $5,625$

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

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3 years ago

How many miles long is antartica

Arte-miy333 [17]

183 miles long 23 miles wide

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3 years ago

Read 2 more answers

George owns Luxury Yacht Company and has just received an order for one of its luxury models. To protect his company against the

Mariulka [41]

Answer: Letter of credit

Explanation:

The letter of credit is one of the type of payment process that is specifically used for the purpose of international trading as it helps in proving the economical guarantee from the bank to the trader of various type of goods and the services.

The letter of credit is also refers as the documentary based credit and also the guarantee undertaking letter which is used at the time of payment and the main advantage of the letter of credit is that it is highly customizable, safety business process, Payment assured and also free from all the types of credit risk.

According to the given scenario, George asked the customer for providing the letter of credit for the purpose of protect his company fro the various types of payment and economical issue.

Therefore, Letter of credit is the correct answer.

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3 years ago