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BaLLatris [955]
3 years ago
5

Think about a small business you might enjoy opening. Typical examples might be a restaurant, specialty clothing store, or profe

ssional service. Assume that it will be in a monopolistically competitive market structure. How will you specifically differentiate your product from others in the market
Business
1 answer:
PolarNik [594]3 years ago
6 0

Answer:

Explanation:

When opening a business in a monopolistically competitive market structure it is incredibly difficult to compete and find a loyal customer base to make a profit. The best way to differentiate your product would be to personalize it as much as possible for every client. Personalizing not only the product but the shopping experience for each individual client makes that client feel special and cared about. This helps convince them to purchase this product from you as opposed to a competitor. Therefore, slowly increasing your loyal customer base.

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How do banks make profits?
Fiesta28 [93]
They make profits by people going into their banks
3 0
2 years ago
Read 2 more answers
Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the l
OLga [1]

Answer: 0.27 loaves per dollar

Explanation:

Given that,

Bakery currently makes(Output) = 1,800 loaves per month

Paid Employees = $8.00 per hour

Constant utility cost = $800 per month

Ingredient cost = $0.40 × 1,800

                         = $720

Wages = 640 work hours × $8.00 per hour

           = $5,120 per month

Total cost (Input) = Ingredient cost + Wages + Constant utility cost

                = $720 + $5,120 + $800

                = $6,640

Where,

O/P - Output

I/P - Input cost

current multi factor productivity = \frac{O/p}{I/P\ cost}

                                                     =  \frac{1,800}{6,640}

                                                     = 0.27 loaves per dollar

3 0
3 years ago
Pat manages the customer care department of her firm. She is very happy with her team of 15 customer care representatives​ who'v
Serggg [28]

Answer:

Motivation

Explanation:

<em>Motivation in work is when employees are incentivized due to their good performance</em>, this happens when they provide the company a greater value. There are two kinds of motivation:

  • Internal: it includes emotions and thoughts, <em>in the exercise given this internal motivation is letting the team know that they are doing good</em>
  • External: includes salary and work environment, <em>in the case given the bonuses are the external motivation</em>

I hope you find this information is useful and interesting! Good luck!

3 0
2 years ago
Which of the following will increase a company’s current liabilities? You may select more than one answer.
vichka [17]

Answer:

A company purchases inventory on credit.

Explanation:

Current liabilities are those that have to be settled within the fiscal year. The statement above does not specify if the credit has to be paid within the fiscal year, but most likely it has to, because inventories do not usually represent a long-term debt.

So under this sceneario, purchasing inventory on credit would represent an increase in the current liabilities of the firm.

8 0
3 years ago
Corporate triple A bond interest rates for 12 consecutive months are as follows:
pashok25 [27]

Answer and Explanation:

The answer is attached below

5 0
3 years ago
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