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elena55 [62]
3 years ago
12

PLEASE HELP TO ADD THE MISSING BOX

Business
1 answer:
emmasim [6.3K]3 years ago
4 0

<u>Answer:</u> Price skimming is suitable for products that have short life cycles.

<u>Explanation:</u>

Price skimming is a scenario where products are sold at very high prices to take the cream of the market and achieve break even. In the later stages the prices are reduced and the market is open for wider targets. The target customers are usually the early adopters. Most of electronic goods follow this type of pricing to take out the cost invested for their research purpose.

Only products which have short life cycle can have this type of pricing as the competition increases in the future. Or the replica of the products starts appearing in the market in later stages.

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A _______ is an organization that is NOT presently in a task environment but has the resources to enter if it so chooses. potent
Kisachek [45]

Answer: Potential competitor

 

Explanation:

Potential competitor is a competitor

who offers the same product and works in the field.

who has the potential to compete with you.

they could be a direct competitor, but either they don't try or don't have infrastructure.

Hence, A p<u>otential competitor</u> is an organization that is NOT present in a task environment but has the resources to enter.

On the other hand, as a supplier is a party or organization that provides a product or service and distributor distributes them.

7 0
3 years ago
Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home
Veseljchak [2.6K]
True........it is true because........
4 0
3 years ago
All of the following are benefits of going to college EXCEPT…
sammy [17]
All of these are benifits besides getting your dream job. College will help you further your education but it’s not guaranteeing that you’ll get your dream job.
8 0
3 years ago
Read 2 more answers
1. Famous celebrities and the super-wealthy oftentimes pay others to do many of their household tasks for them. For example, the
poizon [28]

Explanation:

1) Famous celebrities and the people with lots of money are often seen with workers round them for their household chores/tasks. Although they are paying money for the work they could have done by themselves but if we analyze closely, they are actually taking advantage of the opportunity cost. The time when they were suppose to do the household work, now they are performing other task in that time which will be giving them much greater economic benefit, taking advantage of the concept of opportunity cost. For example, Cristiano Ronaldo can focus on his workout and daily exercise instead of making daily meals for himself, so he should have hired someone to do the meal work for him while he perform his workout which will help him on the field and will earn him much money.

2) Yes, it is possible for 2 countries to benefit from trade as a whole because they can get into an agreement by allowing free trade between the countries, for example, both the countries could agree that all the trade which will be executed between them would be tax free and no duties will be paid on them. This way the trade numbers would increase and industrialization would take place to meet the export/import orders. On the contrary, trading individually can be not so beneficial because there will be no free trade agreements between individuals i.e. no free lunches, that is why it could cost individuals much more than they can make money out of it.

3) One of the main reasons to oppose policies that restrict trade among the nations is that GDP. GDP is a measure of growth in any country, therefore when there will be no trade among countries, it would result in less productions of goods and services which which lead to less industrialization, which then will result to low employment and more unemployment, ultimately resulting in very low growth for any country and since growth is the only way forward for any nation, economists oppose policies that restrict trade among countries/nations.

I hope this detailed answer of mine help the poster.

Thank You and Good Luck.

5 0
3 years ago
The figure shows the supply and demand for online music. Suppose that an economic downturn decreases household wealth and erodes
aliya0001 [1]

Answer:

Monetary downturn would perpetually cause fall in total interest in economy. Thus, interest for online music will fall also. Request bend will move to left and equilibrium will be built up at lower point. Following is chart:  

Cost of houses Supply Old balance cost New Demand cost new equilibrium amount Old  

Equilibrium value: Falls  

Equilibrium Quantity: Falls.  

In above graph DD tumbles to leftwards and now request bend converges the SS or supply bend at lower point. Balance is accomplished at lower point where both cost just as amount fall.

6 0
3 years ago
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