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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.

You might be interested in
Citizens file income tax is to a sure that they will receive ?
anastassius [24]

Answer:

Down below

Explanation:

Citizens file income taxes to ensure that they will receive a if they paid too much in taxes throughout the year. Employers supply a to help citizens file their tax returns.

5 0
3 years ago
Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,500,000, has annual oper
Vika [28.1K]

Answer:

<u>Desing A:   </u>23,024,370‬

<u>Desing B:   </u>22,520,274.6

It should purchase desing B as the capitalized cost is lower.

Explanation:

We consider annuity for the overhauls and then, perpetuity to consider this incinerators will last indefinitely.

maintenance cost: 800,000 / 0.05 = 16,000,000

<u>Overhaul: </u>

The company will need to fund 1,250,000 every 5 years. We need to determinate the annuity to obtain this future value:

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

PV 1,250,000

time 5

rate 0.05

1250000 \div \frac{(1+0.05)^{5} -1}{0.05} = C\\

C  $  $ 226,218.498

<u>Then at perpetuity:</u>

$ 226,218.498  / 0.05 = 4,524,370

<u>Desing A capitalized cost:</u>

2,500,000 + 16,000,000 + 4,524,370 = 23,024,370‬

We do the same for Desing B:

investment: 5,750,000

maintenance: 600,000 / 0.05 = 12,000,000

overhaul:

3000000 \div \frac{1-(1+0.05)^{-10} }{0.05} = C\\

C  $ 238,513.725

238,513.73/0.05 =  4,770,274.6

Capitalized cost: 5,750,000 + 12,000,000 + 4,770,274.6 = 22,520,274.6‬

8 0
3 years ago
A product’s point price elasticity has been estimated at –1.5. At the initial price of $20, the quantity demanded was 10 units.
Leona [35]

Answer:

Quantity demanded and sold expected to increased by 3.75 units.

Explanation:

Use Price elasticity of demand formula to calculate the quantity demanded and sold:

Price Elasticity of Demand = Change in the Quantity demanded / Chang in Price

- 1.5 = Change in the Quantity demanded / 17.50 - 20.00

- 1.5 = Change in the Quantity demanded / -2.50

-2.50 x -1.50 = Change in the Quantity demanded

Change in the Quantity demanded = 3.75

Quantity Demanded = 10 + 3.75 = 13.75

7 0
3 years ago
When museums charge a lower admission fee to students and senior citizens, this form of price discrimination is known as _______
AVprozaik [17]

Segmented pricing is a situation, when seller or a company establishes different prices (two or more), for one the same product.

Price segmentation, to put it simply, is the process of differentiating pricing based on willingness to pay. It is motivated by the reality that customers' price sensitivity might differ greatly from one another, from one product to another, and throughout all the environments in which they use your product.

With price segmentation, you may set different prices for various consumer types according to their willingness and ability to pay. Price segmentation allows you to profit more from consumers who spend the most and less from those who pay the least.

Learn more about Price segmentation here

brainly.com/question/14225381

#SPJ4

3 0
1 year ago
Fill in the blanks with appropriate option.
riadik2000 [5.3K]

Identical goods or services ,many buyers ,Price takers

4 0
3 years ago
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