The place in the quadrant where there is the focus is on leveraging current core competencies to improve current market position is known as:
- existing competence--existing market
<h3>What is a Market?</h3>
This is a place where buying and selling of goods or services takes place and a currency of value is exchanged.
With this in mind, we can see that in the existing competence--existing market, there is a focus is on leveraging current core competencies to improve current market position.
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Answer: Large Cash Prize is A. 0000001
Small Cash Prizes is B. 0.16
Free Samples is C. About 0.84
Explanation:
Large Cash Price
The probability of winning 1 large Cash price is 1 out of 10 million so that would be,
= 1/10,000,000
= 0.0000001 which is option A
Small Cash Prices
Probability of winning a Mall Cash price is 1,600,000 out of 10,000,000 which would be,
= 1,600,000/10,000,000
= 0.16 which is Option B
Free Samples
Winning free samples of the Company's products would be,
= 10,000,000 - 1,600,000 - 1
= 8,399,999
Now we divide by 10,000,000
= 8399999/10,000,000
= 0.83999
= 0.84 so option C
Answer:
FV= $17,701.6
Explanation:
Giving the following information:
Annual deposit (A)= $5,800
Interest rate (i)= 5.2%
<u>To calculate the future value after the third deposit, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800
FV= $17,701.6
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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