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DerKrebs [107]
2 years ago
12

In the capitalistic economy what ensures that a firm will survive only way to serve its customers wall by providing products and

services that meet needs
Business
1 answer:
olga55 [171]2 years ago
3 0

Answer:

Competition

Explanation:

In the capitalistic economy, COMPETITION ensures that a firm will survive only if it serves its customers well by providing products and services that meet their needs.

Hence, Competition is a favorable concept for business because it stimulates the improvement and growth of new and decent commodities in the markets.

To consumers, competition is good because it normally leads to better service and lower the costs or prices of commodities.

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Vaseline, the world's most famous—and priciest—brand of petroleum jelly, wants to improve its financial performance (i.e. revenu
ohaa [14]

Answer:

Please consider the following explanation

Explanation:

Vaseline can improve its financial performance by doing some product differentiation, as the rest 15% are also selling petroleum jelly but at much lower costs than Vaseline, and to convince its customers to spend extra bucks to buy Vaseline, it needs to provide something extra.

Vaseline can incorporate extra ingredients like aloevera, or turmeric, etc, i.e. the beauty or health fashions prevalent in the market this information can be obtained by a thorough research of the beauty blogs available online.

Once the product has something extra, Vaseline can go ahead and market its product better based on the benefits of the product differentiation, and hence steam away market from the remaining 15% and increase its financial performance.

6 0
3 years ago
As the price of a resource decreases, _____. a. the supply of that resource increases b. producers are more willing and able to
solmaris [256]

Answer:

b. producers are more willing and able to hire that resource

Explanation:

In production resources are defines as various inputs in the production process of a product.

It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.

So when the price of a resource decreases, it means that the cost of production also decreases.

There is now more outlay of cash that can be used hire that resource.

Producers are able to produce more of the final product so supply increases.

6 0
3 years ago
Sage Hill Company is negotiating to lease a piece of equipment to MTBA, Inc. MTBA requests that the lease be for 9 years. The eq
Annette [7]

Answer:

$14,621.99

Explanation:

Calculation to determine what would be the amount of the annual rental payments Sage Hill demands of MTBA,

Let X be the annual lease payments

Annuity factor of 8% for 9 years = 6.74664

Discounting factor of 8% at beginning of 9 years = 0.54027

Annual Rental Payments=$100,000 = (X * 6.74664) + ($2,500 * 0.54027)

Annual Rental Payments=$100,000 = (X * 6.74664) + $1350.675

Annual Rental Payments=(X * 6.74664) = $100,000 - 1,350.675

Annual Rental Payments=X = 98,649.325 / 6.74664

Annual Rental Payments=X = $14,621.99

Annual Rental Payments=X = $14,621.99

Therefore, what would be the amount of the annual rental payments Sage Hill demands of MTBA , is $14,621.99

7 0
3 years ago
Jessica wants to set up a manufacturing unit, so she meets with Rachel, a human resource manager at her company. Rachel explains
stiv31 [10]

In other to be able to conduct a work flow analysis and defines the outputs of the process, she needs to defines the type of products that will need to be manufactured.

<h3>What is used to define the products?</h3>

In a firm, the product mission is a statement that contains a clear and concise idea of its product's purpose.

In conclusion, she needs to defines the type of products that will need to be manufactured.

Read more about product mission

<em>brainly.com/question/1687404</em>

6 0
2 years ago
What happens during the exit stage of a company?
bekas [8.4K]
<span>The Exit stage is when the entrepreneur gets out of the day-to- day commitment of running the company.</span>
3 0
2 years ago
Read 2 more answers
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