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Vladimir79 [104]
3 years ago
6

Which factor of production is LEAST likely labeled in the photo?

Business
1 answer:
Natali5045456 [20]3 years ago
5 0

Answer:

Natural resources

Explanation:

Humans should bring an end to all ways of degradation. Cutting down on food waste would only increase the amount of atmospheric carbon dioxide. Alternatively, inspire people to grow more trees in order to maintain nature's harmony. Furthermore, it reduces electricity consumption around the board.

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A competitive strategy of striving to be the low-cost provider is particularly attractive when a. buyers are not price sensitive
PilotLPTM [1.2K]

Answer:

d. price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

Explanation:

Michael Porter specified 4 generic strategies for gaining competitive advantage, which are namely,

1. Cost Focus

2. Differentiation Focus

3. Cost Leadership

4. Differentiation

Cost leadership refers to charging lowest price and attaining cost advantage in the industry.

Differentiation refers to designing products with unique attributes.

Striving to be low cost provider would be most attractive when the buyers have low switching costs i.e it is easier and cheap to switch between products and wherein buyers are large and exercise considerable bargaining power.

Thus, the correct option is (d). price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

6 0
3 years ago
Write about your last week ( over 50 words)​
Ivenika [448]
So last week, my cousin turned 17 on Thursday, June 25th. I know ironic the same day Michael Jackson died. So I go to her house for a little get together with some of her friends. Now I am pretty antisocial and spent the party alone most of the time eating food. Anyways, I also started my Harvard summer classes last week for biology, it’s a lot of work but worth it in the end.
6 0
3 years ago
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What is a consumer product?
liraira [26]

Answer:

Final Good

Products that are bought by individuals or households for personal use.

3 0
2 years ago
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When diseconomies of scale occur, Multiple Choice marginal cost intersects average total cost. the long-run average total cost c
Darya [45]

Answer:

the long-run average total cost curve rises

Explanation

Diseconomies of scale is a situation that comes up due to the growth of a business which leads to increase in cost per unit. It is the cost disadvantage a business accrue as a result of increase in output leading to increase in cost per unit in the production of goods and services. When diseconomies of scale occur, as output rises unit cost falls.

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3 years ago
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Reinhardt Furniture Company has 40,000 shares of cumulative preferred 2% stock, $150 par and 100,000 shares of $5 par common sto
OverLord2011 [107]

Answer:

20

Explanation:

ok boomer

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