Answer:
(C). the quantity demanded of a product is inversely related to its price.
Explanation:
According to the law of demand, <u>when the price of a product is high, the quantity of that product that will be demanded will be low</u>, because customers won't want to pay so much to get the product.
Similarly, <u>when the price of the product drops, the the demand for it will increase.</u>
Therefore the quantity of a product demanded is inversely related to its price.
Answer:
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Answer:
1. Economy 2. Trade 3. Military
Example; China
Explanation:
In Communist Russia they have a Command Economy, they control Trade Routes, and they control the Military fully.
If your small business has reached a market-leading position, the purposes of defensive strategies.
Mobile Defence: This strategy involves the penetration of niche markets
Position Defence: This strategy involves the allocation of resources to support the firm’s brands and not developing new brands.
Counter-Offensive Defence: This strategy involves attacking your competitor at its weakest point when you are attacked.
Flank Positioning Defence: This strategy is of giving a rapid response to a competitor. This defensive strategy works well when the market is segmented and one of the segments is not well catered to by existing competitors. This strategy has the risk of deployment of resources from your market.
Learn more about defensive strategies at
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