Answer:
d. Bargaining power of buyers
Explanation:
The porter five forces are as follows:
1. The rivalry among competitors deals with the strength and weaknesses of the competitors in order for the company to plan accordingly.
2.The supplier's bargaining power stated that the price change of the product made by the supplier's offer plus the customer is attracted to the product because the product is unique and has an impact on the overall profit.
3.The purchaser's bargaining power deals with the number of purchasers and how many orders a single purchaser places.
4. The threats posed by new entrants affect the overall position of the company where the competitor enters the market.
5. The threat of substitution is an alternative method of producing goods and services that can also have a direct influence on your position and on productivity.
As the given situation focuses on the customers network that reflects the bargaining power of buyers.
The free-market quantity of public goods is generally LESS THAN THE EFFICIENT QUANTITY.
Free market is an idealized system of market where the prices of goods and products are determined by an open market and consumers. In this market system, the government does not impose laws and regulate the market.
Answer:
A. True
Explanation:
The line credit is a loan in which the limit is set by the bank. It can be in formal or an informal agreement which is done between the financial institution and borrower.
In this, the time period is mentioned at which the borrower returned back the money also the borrower paid the interest to the bank it also maintained the financial position of the borrower
Hence, the given statement is true
The statement is false. According to Ten Principles of Economics the statement is false.
Among the Ten Principles of Economics is that a nation's ability to generate products and services determines its standard of living. Only a country that can create a lot of products and services can have a high level of living. Since American workers are more efficient than Nigerian workers, Americans have a higher standard of living. Because Japanese employees' productivity has increased more quickly than that of Argentine workers, the Japanese have experienced a higher rate of living standard growth. George Mankiw's book Principles of Economics lays out a fundamental set of rules that are economically sound theories that can be verified.
Countries that have had higher output growth per person have typically done so without higher productivity growth.
True
False
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Monopolies engage in price discrimination possible because they can get away with it.
A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.
Consumers must pay the price of said product because they can not get the same product from any other seller.
