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Answer:
By having this advantage, the low cost company is able to do a number of things to maintain or increase its market share. It can invest more in marketing. It can pay for better positions in retail stores relative to its higher cost competitor. It can lower price, thus squeezing its competitor's margins and profits.
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Answer:
ONE way in which population growth affected the development of technology in the period c. 1750-c. 1900 is described below in detailed explanation.
Explanation:
The Industrial Revolution transformed the standard and the way of living of the people because products are now manufactured by the new machines and technologies which are invented in the 1700s and 1900s that now make it possible to manufacture a mass production of goods in factories with help of new machines. this period also marked the period of rapid social and economic change in society.