Answer: c.
In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.
If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.
The reverse happens when there is a shortage. When there is less supply in the market, price increases.
Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.
Answer:
nonprogrammed decision
Explanation:
Nonprogrammed decision refers to a form of decision that is made based on new circumstances that never really happened in the past. Typically This type of decision happen when there is an external factor that mess up without initial plan.
In the example above, Ocelot need to consider their decision due to unexpected large expenses. This unexpected situation will force ocelot to explore a new solution that they never encountered before.
Answer:
a. Cost cutting may lead to the loss of desirable features
Explanation:
In the business market, sometimes there occurs a price war between the various companies regarding the same type product and each company reduces the price to as minimum as possible to take the cost leadership in the market. Some drawbacks that occur in such a strategy of companies are listed here -
- There is a tight control on the expenses during the manufacturing of products which often results in loss of desirable features in the products
- No new innovations are made as companies focus mainly of the current product
- The feedback of customers seem to be of no importance in such conditions
- This strategy promotes the lower quality products in the market
<span>The answer is c, systematic. It is
doing something in a series of procedures or involving a system, method, or
plan. In collecting money in toll booths is a systematic way, there is no other
way in collecting money from there. When a vehicle stop at a toll booth, the
person manning the booth, immediately gets the money because that’s how it works,
systematized.</span>
Answer:
mazie and yoshiko are the answers.
Explanation:
edgunuity
