Answer:
competition
Explanation:
In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.
In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.
The wine glass goes on the left
Answer:
c. marginal rate of substitution is equal to the relative price ratio of the goods.
Explanation:
we know that the costomer MRS = Px/Py , where x and y are the two goods.
MRS(x,y) = MUx/MUy = Px/Py
Therefore, The marginal rate of substitution is equal to the relative price ratio of the goods.
Answer:
The correct answer is: family life cycle.
Explanation:
The family life cycle refers to the natural stages families go through over time. There is no set path these stages follow but the most common steps in the life cycle of a family are <em>leaving home -single young adults, joining families through partnership, families with young children, families with adolescents, launching children and moving on, </em>and <em>families in later life</em>.
Answer:
What Paul has done wrong is to place these marketing materials on seats. He should devised a plan to give out these materials at the registration point where participants would be registered and then they would collect the items. By placing them on the seats, some of the participants could collect more than one, especially the valuable pen that is worth $3 each.
Explanation:
Marketing materials cost the entity some funds to produce. They should not be wasted. In addition, the number of participants with some details like names and contact information should be captured for future marketing efforts. Allowing participants to have free access to the marketing materials that cost so much without driving any potential customer list is not prudent.
