When a market is experiencing low competition, firms can recover research and development costs by using a skimming price strategy.
<h3>What is a skimming price strategy?</h3>
This refers to when companies sell goods at a high price because there isn't much competition.
As other suppliers enter the market and the competition increases, the companies will then reduce their prices.
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Answer:
I’m pretty sure it’s B. interest rate
A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.
<h3>What is marketing intermediaries?</h3>
Marketing intermediaries can be defined as the people that acts as a link between a manufacturer and consumer.
This Marketing Intermediaries perform important functions as they assist companies or organization to market and sell their product and to as well distribute products from the manufacturer to end user.
Therefore a reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.
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Answer:
A.8.75 weeks
B.5.71
Explanation:
a.
Weeks of supply = average aggregate inventory value/weekly sales at cost
=(1,500,000 + 1,200,000 + 800,000)/(20,000,000/50)
=3,500,000/400,000
= 8.75 weeks
b.Inventory turnover = annual sales (at cost)/average aggregate inventory value
=20 million/3.5 million
= 5.71
According to Okun’s law, for every 1 percentage point by
which the actual unemployment rate exceeds the natural rate, a negative GDP gap
of about 2 percent occurs. The actual unemployment rate exceeds the natural
rate by 4 percent. This is calculated as follows :
Actual unemployment – natural unemployment = 9 – 5 = 4%.
Thus, according to Okun’s law the GDP gap is -8%.
If the potential GDP is $ 500 billion, the actual GDP is 8%
lower than the potential GDP. In other words, 8% of the $ 500 billion is being
forgone because of cyclical unemployment.
GDP forgone = 8% x potential GDP = 8% x 500 = $40 billion
