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Bad White [126]
3 years ago
5

FAW Group is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company launc

hed a new range of luxury cars to broaden its market appeal and to add prestige to its existing line of cars. This is an example of ________.
Business
1 answer:
katovenus [111]3 years ago
7 0

Answer:

Diversification

Explanation:

Diversification is a type of growth strategy that has the goal of broaden the type of products that a company offeres.

FAW Group is engaging in a diversification strategy, because it is opting to produce a luxury car, which is not typical of the company, because it specializes in low-priced, reliable cars. The goal of this strategy is to reach the higher-income people who seek luxury over cost or realibility.

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The problem of _________________ arises when an antique dealer knows more about the quality of an item than the potential buyer,
vlada-n [284]

Answer:

Option (D) is correct.

Explanation:

Imperfect information refers to a situation in which both the parties (i.e buyer and seller) have different information. For example; In a market of second hand car industry, the buyer have less information about the car as compared to the seller. In this type of industry, the seller have more information about the condition and quality of used car.

In our case, the seller of antique have more information about the product, so this will lead to give a disadvantage to a potential buyer of antique.

8 0
3 years ago
Read 2 more answers
Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?
Firdavs [7]

Answer:

It provides early admission

Explanation:

I do not know the answer word for word, but I do know that out of the four answer choices (it provides scholarships, grants, early admission, and financial aid), it does not provide early admission, therefore making it your answer.

"In order to qualify for federal student aid and a lot of other scholarships and grants, you need to fill out the Free Application for Federal Student Aid (FAFSA)" -Everfi

7 0
3 years ago
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Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise Funds, two Internal Service F
NeTakaya

Answer:

c. Four (4)

Explanation:

5 0
3 years ago
​Disney's Hong Kong Disneyland and Shanghai Disneyland work in combination with the Chinese governmentdashowned Shanghai Shendi
aalyn [17]

Answer:

Joint ownership

Explanation:

A sort of ownership of real or Personal Property by at least two people in which each claims a unified enthusiasm for the entirety.

he people, who are called joint occupants, share equivalent responsibility for property and have the equivalent, unified right to keep or discard the property.

Example :

Two colleagues may together claim a business property. In the event that two people own any organization and one of them was died then  the entire of the complex has a place with the co-proprietor, and not the decedent's beneficiaries.

8 0
3 years ago
If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?
Jlenok [28]

Answer:

The correct answer would be option C, The price needs to increase.

Explanation:

In order to maintain a balance or equilibrium, there should always be a balance between the quantity demanded and the quantity supplied. If quantity demanded exceeds quantity supplied, it means people are demanding the product more and the supply of that product is not meeting the demand. In this scenario when there is more demand of a product than supply, the price of the product should increase in order to create a balance between the quantity demanded and supplied, because it is the law of demand that when demand increases, the prices of the product also increases and vice versa. So to maintain the equilibrium, the price of the product should increase. In this way demand will decrease and will reach a point where demand will meet the supply of the product.

5 0
3 years ago
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