Answer:
d. bad timing
Explanation:
Remember the principle of first entry advantage which says that the first entrant to a market has better advantage of gaining more market share over late entrants.
This was true in the Tablet market which saw Apple's iPad been the very first commercially sold tablet devices. Because of wrong/late timing when Apple introduced its next-generation iPad2 the HP tablet came in struggling to get a part of the already captured tablet market by Apple's iPad.
<u>Solution and Explanation:</u>
<u>Moral Hazard </u>– It is a situation when a firm or an individual modify their behaviour once the person gets what one was desired to achieve; example, insurance, funding, etc.
<u>Adverse selection </u>- The firm does not information on the consumer, and, sells the product at lower price assessing a lower risk when more information would have made the seller ask for a higher price
a) Moral Hazard
The country changes its project plan after the World Bank extends the loan; if the World Bank has put in conditions that it be used only for a canal, then the loan cannot be used
Answer:
True
Explanation:
As the ethics form the basic working nature for any organization, this results in representing the moral values of an organization.
This clearly depicts that the organization is represented through its employees and if employees are properly trained for the ethical behavior, this will definitely positively impact on the organization, also, the organization which do not provide any training for such the results are not that effective, as the ethics are not followed properly and ethics are not defined.
Profit is equal to the product of the price of the production and the average total cost.
How do you find the quantity of perfect competition that maximizes profit?
When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
What is the production that the company produces at a profit?
The production rule listed below is used by a competitive business to increase profits: The output level that generates the most profit for the company is where the marginal cost (MC) just touches the product price and where the MC curve is sloping upward.
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