Solution :
<u>Marketing is considered as an important function in a company.</u>
Marketing is an important function in any organization as it allows the business to maintain a long-lasting and an ever-present relationships with the audience. It increase the brand value and generates revenue for the organization.
<u>Marketing is not considered as an important function in a company.</u>
Besides marketing there are other function as well which are important for an organization. The human resource department is an important function which maintains the relationship between the employees and the management. It works for the welfare of its employees which is considered as asset to the organization.
Also attention should be given to manufacture a good product seeing the demand in the market that can be easily available and usable by the customer. More research should be done to develop a product that is best for its consumers.
The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward
<h3>What is meant by marginal revenue?</h3>
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.
An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.
Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.
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Interest rate is the cost of borrowing money. when you borrow money from a bank, a certain amount of money is placed on it that you pay back in respect to how long it takes you to pay.
<span>ideas that support the author's main idea.</span>
<u>Answer:</u>
<em>The practice of buying and selling goods and services over the internet is known as E-Commerce</em>
<u>Explanation:</u>
E-commerce is otherwise called electronic trade or web business. Exchange of cash, assets, and information is likewise considered as E-business. These business exchanges should be possible in four different ways:
Business to Business (B2B), Business to Customer (B2C), Customer to Customer (C2C), Customer to Business (C2B).Any variety of the spelling is right, and everything portrays a similar demonstration of performing business by means of the web.
