The answer is Perishability. It means that a firm cannot store its service. Service Perishability is used in marketing to describe the way in which service cannot stored in the future. The services in Perishability cannot be saved, resold, stored and return once they have been used.
Less market power than it would otherwise have.
Answer:
The correct answer is that the existing product is altered or modified as per the texture, sound, taste and appearance.
Explanation:
Product Modification is the term which is defined as the attempt of the company to extend the length of the product life cycle through making large or small changes to the product in order to keep the customers interested in the product.
In short, it is the procedure to change the existing product as per the needs, taste of the customer. For example, change in the packaging of the product.
So, in the procedure of product modification, the existing product is altered or modified as per the texture, sound, taste and appearance.
Answer:
$ 33,951.78
Explanation:
For this problem, you wan to know the future value of these coins later in 2055. For future value (FV), you need the rate, number of periods that occur (NPER), payment (PMT), and the present value (PV).
Currently, you know that you Present Value is 57, because that is how many silver dollars you have ($1 per coin). The rate is given: 6.4%. The number of periods is found by taking the year 2055 and subtracting 1952; 2055-1952=103. Then the payment is 0 here.
Rate: 6.4%
Nper: 103
PMT: 0
PV: 57
The formula for FV = PV [(1+rate)^NPER]. Or you use the function in excel of =FV(rate,nper,pmt,pv) to solve.
That should get you the answer of 33,951.78.
Answer: c) economies of scale; increase
Explanation:
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to economies of scale and increase real GDP per capita in the domestic country.
When this industry choose to break out of this limitation placed on them due to the small size of market in their country, the idea of opening trade to the world market would lead to reduction in production costs since they now have a larger market (and thus produce more). Also, the real GDP per capita in the domestic country should increase since the company in this domestic nation has expanded its production to the world market.
NOTE:
Economies of scale occur when the cost of production is now reduced because there is an increase in a company's production.