Every time you go to the grocery store, you try to wait in the shortest line. but the lines always seem to be roughly the same length. Everyone else is trying to choose the shortest line, too.
Microeconomics studies the business behavior and decision-making of individuals, households, or firms. More specifically, this area of economics focuses on the interactions between those who buy products (consumers) and those who sell them (producers). They help describe general patterns of behavior.
High-income countries have built grocery stores as a living standard advantage for decades, so even with high growth rates, low-income countries can struggle to catch up.
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Explanation:
The “Middle Ages” got its name because Renaissance scholars saw it as a long barbaric period that separated them from the great
Early anthropological research tended to focus on: small, isolated indigenous societies.
<h3>What is Anthropological research</h3>
Anthropological research can be defined as the data or information collected that are use to study human beings and to as well focused on how other people lives.
Early anthropological research focus on exploring small cultures as well as peoples that are different from their own.
Therefore the correct option is B.
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When a blue ocean strategy fails, a company lacks both a distinct point of uniqueness and a distinct cost-leadership profile. The phrase <u>"stuck in the middle"</u> describes this circumstance.
<h3><u>What does "Blue Ocean Strategy" entail?</u></h3>
Blue Ocean Strategy is applicable to all industries and types of businesses. It is not exclusive to a single company. In the current business climate, the majority of businesses compete fiercely for market share. The viability of a company's operations is always a possibility when the product is subject to pricing pressure.
This circumstance typically arises when the company is competing in a crowded market, also referred to as a "Red Ocean." Businesses aim to locate verticals or new company opportunities where they can enjoy uncontested market share or a "Blue Ocean" where there is little possibility for growth. There is a "blue ocean" when there is the potential for larger profitability despite existing or insignificant competition.
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