1.Reflecting on and exploring a variety of strategies to learn more effectively.
2.Participating as responsible citizens in the life of local, national and global communities.
3.Being culturally and aesthetically sensitive across a range of social contexts.
4.Exploring education and career opportunities.
5.Developing entrepreneurial opportunities.
Answer:
It is the theory of Market Imperfections
Explanation:
Market imperfections theory is said to be when a trade theory is brought about from international markets where perfect competition does not exist. It occurs when at least, one of the assumptions for perfect competition is violated and this results to what we call an imperfect market.
Answer: A. Middle management
Explanation:
Middle management is known to be a level of management in an organization which play significant role on the overall success of the organization. Middle managers are those in the position of middle management and are accountable for the employee’s performance, effectiveness and productivity. They are responsible for the happenings in their department and give advice and information in order to resolve problems to the employees below them. Thus, middle managers act on the instructions of the top managers.
When I to marketing class at my school I was able to highlight the cell and move it. So i think it is True.
Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve
