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Archy [21]
3 years ago
14

Consider the markets for three products below. Indicate which characteristics of a competitive market are met by these markets.

Business
1 answer:
Orlov [11]3 years ago
7 0

Answer:

Market : Gasoline

b. Standardized good

c. Full information

e. Participants are price takers.

Market : Barbershop haircuts

a. Large number of buyers

c. Full information

Market : Bicycles

a. Large number of buyers

b. Standardized good

c. Full information

d. No transaction cost

Explanation:

The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.

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Diane owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l
BabaBlast [244]

Answer:

competition based pricing

Explanation:

When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.

For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.

8 0
3 years ago
Tommy bought 35 shares of stock at $45.75 per share. He received dividends of $82.45 during the year. At the end of the year, hi
gogolik [260]

Answer:

10.57%

Explanation:

Return on investment is a profitability measure of gains realized from an investment. It is a ratio that shows how a business uses its resources to generate profits. Return on investment compares the net income against the initial investment.

ROI = Net Income / Cost of Investment

For Tommy,

The initial investment is 35 x $45.75 =$1,601.25

The gains from the investments

Dividends of $82.45

Gains in share value = 35 x ($48. 75 -$45.43)

35 x 2.48 =$86.8

Net gains will be $82.45 + $86.8= $169.25

ROI = $169.25/$1601.25

ROI =0.10569  X 100

=10.57%

5 0
3 years ago
Ramos is an aggressive investor and likes to win at everything. He knows that it is impossible to win or beat the averages all o
Kamila [148]
The correct answer would be index mutual fund
3 0
3 years ago
How much would Keith have in his account after three years if he started with $200 and earns 2 percent interest, compounding ann
padilas [110]
212.24 would be your answer.  12.24 is just how much he makes off interest, not the total amount.  200 is what he started with.  And 400 is just way to high of a number.
3 0
3 years ago
Read 2 more answers
In China, state control of media is high, so companies are challenged to find ways to get their message to customers. This demon
Ivanshal [37]

This demonstrates a difficulty in crafting a global communication strategy.

The question says that the nation of China is very much controlling the media in the country. This has made it difficult for businesses to communicate with their users.

This here tells us about the issue of communication. The companies may have issues sending message across to all of its customers due to the media problem.

This problem may be more difficult in a case where the business is a foreign market.

Read more on brainly.com/question/15696678?referrer=searchResults

3 0
2 years ago
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