<span>Resource similarity and market commonality are factors that determine the extent to which firms will be in direct competition with each other. A market commonality refers to how many markets where a firm and a competitor are involved together. This will show the importance of the different markets and how they are related and important to one another. </span>
Answer:
a. price bundling
Explanation:
Price bundling in business can be defined as a strategic process which typically involves the combination of several goods and services into a single unit for a relatively lower price or cost.
One of the potential benefits of price bundling from the company's perspective is that customers will be buying a larger range of services or products from the company than they otherwise might have.
Answer:
System of defined steps and tasks such as strategy, organization, concept generation, marketing plan creation, evaluation, and commercialization of a new product. It is a cycle by means of which an innovative firm routinely converts ideas into commercially viable goods or services
Answer:
Bid price = N96,000
Explanation:
<em>Mark up is profit expressed as a percentage of cost. Bid price will be equal to the manufacturing cost plus the mark up profit.</em>
Bid price is the total manufacturing cost + (20% of the manufacturing cost )
<em>Manufacturing cost = D. materials cost + D. Labour cost + Manufacturing Overheads</em>
Manufacturing cost= 40,000 + (500 × $20 ) + ( 500× $60)
= 80000
Bid price = 80,000 + (20% × 80,000)
= N96,000
The answer: is E
Explain: hope this helps
