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Novay_Z [31]
2 years ago
15

Product differentiation refers to: consumers who sort and group goods based on similar characteristics. firms who offer similar

products to their competitors' products, but that are more attractive in some way. the process of informing the public of differences in products as a result of error. the process of creating a standardized product with a lower-cost method than the competitors' method.
Business
1 answer:
Luba_88 [7]2 years ago
3 0

Answer:

firms who offer similar products to their competitors' products, but that are more attractive in some way

Explanation:

Product differentiation is marketing strategy where a firm makes its different from that of its competitors in order to make the product more attractive to consumers

You might be interested in
A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal
NemiM [27]

Answer:

It is a relatively easy method to apply.

Explanation:

When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.

But here, the parent company uses, initial value method for internal reporting.

Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.

There is no statutory requirement to follow such initial value method for internal reporting.

The correct reason therefore, is:

It is a relatively easy method to apply.

7 0
3 years ago
Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m
Alona [7]

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

3 0
3 years ago
The legal document that describes the rights and obligations of both the bondholders and the issuer is called the bond.
viva [34]

A bond resolution is a legal document that specifies the rights of the issuer and the bondholder, the two parties to the bond contract, and allows the issuance and sale of bonds.

<h3>Who is a bondbondholder?</h3>

An investor or the owner of debt instruments, which are frequently issued by corporations and governments, is known as a bondholder. In essence, bondholders are lending money to the bond issuers. Bond holders receive their principal investment back when the bonds mature in exchange.

To learn more refer ;

brainly.com/question/15693067

#SPJ9

6 0
1 year ago
Sue now has $490. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
Alina [70]

Answer:

c.$941.10

Explanation:

Calculation for How much would she have after 8 years

Using this formula

FV = PV(1+i)^n

FV represent future value

PV represent present value

i represent interest rate

n represent number of periods

Let plug in the formula

FV = 490(1 + .085)^8

FV= $941.10

Therefore How much would she have after 8 years will be $941.10

3 0
2 years ago
Which is not true of a perfectly competitive market? a. At the long-run equilibrium, economic profit is less than accounting pro
shtirl [24]

Answer:

B is the correct option.

Explanation:

In theory, the perfect market is the structure in which all the firms sell identical products,They all are price takers, the market share doesn't influence the prices, firms can enter or exit the market without cost and resources are perfectly mobile. No markets are in the sphere of the perfect competition model. so they are classified as imperfect. The imperfect and perfect market is the outcome of post-classical economic thought of the Cambridge tradition.

5 0
2 years ago
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