Two taxi companies scenario does not describe a competitive market, this is because the companies are just two, for a market to be competitive it must have numerous companies offering identical products. The pharmaceutical company scenario is not an example of a competitive company because it is the only one involve in the market and the product been market is just one, a competitive market normally involve many companies. The college and algebra companies scenario describe competitive market because there are many companies that offer basically identical services and the clients can choose from any one of them. The companies have to put in extra work to win customers for themselves.
D. Both A and B
If you have good credit you will be able to qualify for cards with low APRs and if you have bad credit you will be charged higher rates
Options:
Semistructured decisions
Structured decisions
Strategic decisions
Unstructured decisions
Definition
Answer:Semistructured decisions
Explanation: Semistructured decisions are decisions that have elements of both structured and unstructured decisions, they are decisions that have some agreement on the data on the process, and or evaluation or analysis technique to be used. Semistructured decisions are also noted by efforts to retain some degree of human judgment in the decision making process.
MOST DECISION SUPPORT SYSTEMS ARE CLASSED AS SEMISTRUCTURED DECISIONS.
Answer:
E. the income effect
Explanation:
Based on the scenario being described within the question it can be said that Rodi has observed the impact of the income effect on demand for his service. This effect describes the change in demand for a specific product or service that has been caused by the change in the consumer's purchasing power due to changes in that same customer's current income.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.