<span>An fragmented industry is one that is characterized by a large number of firms of approximately equal size. fragmented industry is the large of the share and market to be able to influence the industry direction. fragmented industry in individual owner and individual business are used.</span>
Answer:
C
Explanation:
Helps you gain control of your finances and helps you achieve goals
Answer:
Option (C) is correct.
Explanation:
Selling price of a basketball = $170
A potential buyer contacts you and offers to pay you$170 Canadian dollars.
Exchange rate between the U.S and Canada is as follows:
$1 U.S = $1.25 Canadian
So,
Worth of $170 U.S in terms of Canadian dollar is as follows:
= $1.25 × $170
= $212.5 Canadian dollars
If you take this deal, you will have returned Steve to his homeland and Earned less than if you accept $170 U.S.
Because, the worth of $170 U.S dollars is $212.5 Canadian dollars. Hence, there is a loss of $42.5 Canadian dollars if he will accept the deal.
So, it is better for him to accept $170 U.S dollars.
Answer:
Letter A is correct.<em> Formation of a focus group to make sure the products meets user expectations.</em>
Explanation:
Using a focus group is an essential tool for an organization developing a new product that needs market research. The focus group is made up of a group of participants who come together for the purpose of analyzing a product or service marketing campaign and providing feedback on it.
There is a moderator responsible for listing questions about what is being reviewed, and ensuring that everyone contributes ideas and opinions. Companies typically use a variety of focus groups in different locations to ensure diversification of demographics, consumer behavior, purchasing history, and other relevant variables.
The biggest benefits seen from the focus group are: digital marketing tactics and rebranding.
Answer:
DiscountHaven Inc. is a large chain of hypermarkets. It has cost benefits due to its extensive operation. The company's marketing and sales, logistics, administrative, and other such related costs get divided between a large number of product units stocked in its stores. This makes it difficult for smaller retail stores and supermarkets to compete against DiscountHaven's low prices. Thus, DiscountHaven has a competitive advantage due to its economies of scale.
Explanation:
Economies of scale are the economic benefits that are realized by operating on a larger scale. In general, the average cost per unit of output decreases with an increasing scale because fixed costs are spread over more units of output. Operational efficiency is often greater with increasing scale, which in turn leads to lower variable costs. When the average costs increase with an increasing scale, this is called the disadvantage of scale.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically so that the barriers to entry for new market players are high.
