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kondor19780726 [428]
3 years ago
7

The competitive pressures from substitute products tend to be stronger when Group of answer choices there are more than 10 selle

rs of substitute products. buyers are relatively comfortable with the quality and performance of substitutes, and the costs to buyers of switching over to the substitutes are low. demand for the industry's product is not very price sensitive. buyers have high psychic costs in severing existing brand relationships and establishing new ones. substitutes exhibit the latest in technological innovation.
Business
1 answer:
postnew [5]3 years ago
6 0

Answer:

buyers are relatively comfortable with the quality and performance of substitutes, and the costs to buyers of switching over to the substitutes are low.

Explanation:

Substitute goods are goods that can be used in place of another good.

Factors that increases competitive pressures from substitute products include:

  1. the switching cost : the lower the cost of switching to substitute good, the higher the  competitive pressures from substitute products
  2. If the demand for the industry product is price sensitive : if demand for the product is price sensitive, a small increase in price would lead to an increase in demand for the substitute good
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Item 1 The economic development approach to the natural world suggests that sustainable business and sustainable economic develo
lana66690 [7]

The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability: FALSE

<h3>What is the economic development approach?</h3>
  • Economic development, on the other hand, is a multifaceted process that includes significant changes in social structures, public attitudes, and national institutions, as well as the acceleration of economic growth, the decrease of inequality, and the abolition of absolute poverty.

Therefore, the given statement "the economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability" is completely FALSE.

Know more about the economic development approach here:

brainly.com/question/13859230

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Complete question:

The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.

TRUE or FALSE.

3 0
2 years ago
Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it
Setler [38]

Answer:

Juanita should purchase the skirt at the store across town because the total economic cost will be lowest.

Explanation:

three options:

  • local store 15 minutes away and a price of $103
  • across town 30 minutes away and a price of $89
  • neighboring city 1 hour away and a price of $63

Juanita makes $16 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:

total economic cost:

  • local store = $103 + [1/4 hours x 2 (round trip) x $16] = $111
  • across town = $89 + [1/2 hours x 2 (round trip) x $16] = $105
  • neighboring city = $63 + [1 hour x 2 (round trip) x $16] = $95

Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($105)

Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.

3 0
4 years ago
It would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling i
Gnoma [55]

Answer:

B.both the short run and long run.

8 0
3 years ago
Read 2 more answers
What report shows which web pages get the most traffic and highest engagement?.
Lubov Fominskaja [6]

The web pages get the most traffic and highest engagement can be gotten from the all pages report.

<h3>All pages report</h3>

The All Pages report is used to display data using different engagement metrics such as <em>number of page views, average time on page, entrances, bounce rate, and exit rate</em>. Therefore the web pages get the most traffic and highest engagement can be gotten from the all pages report.

The All Pages report displays the top pages on your website based on traffic.

Find out more on all pages report at: brainly.com/question/405739

4 0
3 years ago
Department D had materials costs of $10,000 in beginning work in process inventory and added an additional $50,000 in materials
viva [34]

Answer:

$3

Explanation:

Cost per Equivalent Unit =Total materials costs/EUP

Beginning Costs=10,000

Additional Costs=50,000

Total Costs=10,000+50000=$60,000

EUP=20,000

So

$60,000/20,000=$3

5 0
3 years ago
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