Learning.
Or at least I believe so. Are there multiple choice?
When airlines charge higher prices for seats in the Economy section Exit rows that have more leg room, they are using demand oriented pricing strategy.
<h3 /><h3>What is
demand oriented pricing strategy?</h3>
This is a strategy, used by a seller inorder to set the price of a product at a limit within the buying capacity of the targeted consumers.
It is to be noted that demand-oriented attempts to set price at level that intended buyers are willing to pay.
Learn more about demand oriented pricing strategy here: brainly.com/question/25347718
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Answer:
A
Explanation:
usually goods are physical product created to satisfy the needs and wants of costumers while services are not physical product but actions that people do to assist other people.
Answer:
The three scenarios describe a competitive market.
Explanation:
1) In the competitive market buyers and sellers are price takers, this means that there are many producers and consumers and none of them are able to intervene in price and market. Price is given, ie price is determined by interaction in the market. 2) The products are identical. That is, no company will make a profit due to differentiated products. In perfect competition, companies produce identical products, and the consumer is indifferent to the product characteristics of each company. 3) There is free entry and exit of companies and factors of production, ie there is no cost to enter and exit any sector. This means that factors can migrate from one sector to another without incurring costs, meaning there are no barriers to entry and exit from any sector.
Thus, from items 1 and 2, consumers and buyers are price takers, that is, they cannot influence the price determined by the market. Item 3 is about achieving zero profit or normal long-term profit. This is because the free entry and exit of companies avoids extraordinary profits by encouraging companies to migrate to sectors that earn higher profits in the short term. Thus, in perfect competition, compa
Answer:
The productivity of the company is $200 per work hour.
Explanation:
Productivity can be measured as the ratio of total output to a single input.
Total output in this case would be value of goods produced, which is 10*10^9 dollars.
Single input in this case would be labour measured in hours of work, which is 50*10^6 hr
Productivity of labor would be: 10*10^9 / (50*10^6) = 0.2*10^3 = $200/hr
