Answer:
Monopolistic competition can promote different features of their products and consumers are willing to pay more for products containing the features that they desire.
Explanation:
- Here many firms create similar products but they are not a substitute of any other.
- This combines monopoly and competitive market
- It is a form of "imperfect competition"
- This has emerged because the product developed by different people target the same set of audience by providing few differentiation.
Examples of monopolistic competition:
- The restaurant business
- Consumer services
- General specialist retailing
- Hotels / Pubs.\
Advantages:
Disadvantage:
- Higher price
- Fewer incentives
False. Sole proprietorships produce more goods and services than does any other form of business organization. Although there are more sole proprietorships in the U.S. than there are corporations, corporations produce more goods and services than other forms of business. Corporations have a bigger advantage because they usually employ more people, have a large amount of production options and have more financial ability.
<u>Replenishment lead time is (a.) The time between placing an order and receiving the materials.</u>
Explanation:
<u>Replenishment lead time</u> refers to the total period of time that elapses from the moment it is determined that a product should be reordered until the product is back on the shelf and is available for use
Replenishment REFERS TO THE movement of inventory from upstream or the reserve (i.e. product storage locations) to downstream or primary storage, picking and shipment locations.
The main purpose of replenishment is to ensure that the is inventory flowing through the supply chain in an efficient order
<u>Sock replenishment is one of the most important considerations when it comes to inventory management, it helps ensure the right stock is on the shelves at the right time, while keeping inventory holding costs low and customers happy</u>
Answer:
Professional image is mandatory in finding the employment.
Explanation:
Presenting a professional image plays an important role in finding employment. It is our behavior, appearance, and way of communicating that help in attracting employment.
If our appearance is not appealing and our communication skills are weak and our behavior is not as per the requirements of the job then we might face difficulty in getting a job. Professional presentation is vital and expected by the person recruiting the employees.
