<em>Profit</em><em> </em>is what is left after a firm plays its variable costs and fixed costs.
Answer: c). supply is limited and demand is not limited
Explanation: When supply of a good is limited while its demand is not limited as rise in the price of the good, will not lead to a substantial decline in the quantity. The 2005 boston globe article discussing ticket scalping points out that the price people will pay for tickets will rise when supply is limited and demand is not limited. This limited supply will induce consumers to compete among themselves and pay a higher price in order to get the limited supply.
Answer: Market penetration
Explanation:
Market penetration can be defined as the comparison of the assessment of how much product has been sold relative to the total market has been estimated to be covered for that particular product. It is expressed in percentage. The market penetration can be enhanced by increasing the advertisement of the product and promoting the sales.
Hence, market penetration is the growth strategy, which JC Penney is applying.
Biological control is a bioeffector-method of controlling pests such as insects, mites, weeds and plant diseases, using other living organisms.
Biological pest control relies on natural mechanisms including predation, parasitism, or herbivory, but typically also <span>involves an active human management role.</span>
