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Rainbow [258]
3 years ago
13

When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will

pay the higher price in the short run. c. competitors will also raise their prices.
Business
1 answer:
MatroZZZ [7]3 years ago
3 0

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

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Just-in-time management could be best defined in which of the following ways?Select one of the options below as your answer. A.
Tema [17]
The correct answer is D. decreasing inventory to lower costs

If you decrease inventory, then you don't have trapped money. If someone needs something, you can then order the things you need from your supplier and then sell it to the people who ordered it.
7 0
2 years ago
When the output of the collective farms and private plots were compared?
-Dominant- [34]
<span>The private plots were more productive
In collective farms, the land and the operations are mostly owned by the states.
This situation created lack of competition, which demotivates the farm's operators to increase the quality of the farms.
This will lead to private plots gaining more incentives to create a better output from their farms.</span>
5 0
2 years ago
A developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell f
Mashutka [201]

Answer:

Progression

Explanation:

Progression in real estate occurs when the property in a given area improves in value as a result of more expensive property bring built in the area.

This is one major way real estate appreciates in value. Some property owners wait for others to develop the area and naturally their own property appreciates in value.

In this scenario the developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area.

8 0
3 years ago
Which of the following is not characteristic of the typical limited liability company? Death of a member (owner) causes it to di
natulia [17]

Answer:

Death of a member does not cause the LLC to dissolve unless the rest of the members want to continue. It is not a characteristic of a limited liability company.

Explanation:

An LLC or limited liability company is a kind of hybrid corporate structure which combines the characteristics of a corporation and sole proprietorship or partnership. The company has a separate legal existence apart from its members. The members have a limited liability. There is flexibility in taxation. All the members are allowed to participate in management, there is no board of directors for management.

8 0
3 years ago
Domino's Pizza was 50 years old in 2010. Visit the company's business-related website (www.dominosbiz) and read the company prof
RUDIKE [14]

Answer:

Consider the following paragraph I wrote

Explanation:

I think the firm focuses on the economic perspective in describing its competitive advantage. In the economic perspective, a firm focuses on how much economic value it creates through its competitive advantage.

In the company profile, Domino's focuses on how much economic value it creates for its sub-franchisees, franchisees and the parent company. It focuses more on the chain which creates economic value for the entire Domino's ecosystem consisting of the parent company, franchisees, and the sub-franchisees. So, I think the firm focuses on economic perspective in describing its competitive advantage.

4 0
3 years ago
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