Answer:
The statement is: False.
Explanation:
Market segmentation is the activity by which companies classify their existing and target consumers by features such as age, gender, income, location, preferences, and behavior. By dividing their markets into more homogeneous units, companies have more opportunities to provide final users with a tailored product that best matches their needs.
Answer:
The ITA believes that fair-trade policies allow countries to import and export freely, allowing consumers to save money. It will also create economic opportunities that will help to improve economies in other countries, which could contribute to solving global issues like poverty. To meet these goals, the ITA believes that trade barriers need to be eliminated.
Explanation:
Firms would exit the market in the following circumstances:
- Price is less than average cost
- Firms post an economic loss.
The market would remain stable in the following circumstances:
- No firms earn economic profit
Firms would enter the market in the following circumstances:
- Price is greater than average cost.
- Firms earn both economic profit and accounting profit.
A competitive market industry is characterised by many buyers and sellers of identical goods and services. Market price is set by the forces of demand and supply.
In the long run, firms would earn only accounting profit. If a firm earns economics profit in the short run, firms would enter the industry in the long run. This would reduce economic profit to zero.
In the short run if firms earn economic loss, in the long run, firms would leave the market. As a result, economic profit would rise to zero.
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Answer:
D. Make the demand more elastic.
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Given that $4800 is invested at the rate of 10.8% in 20 years, the future value of the money will be:
A=P(1+r/100)^n
where:
A=future amount
P=principle=$4800
r=rate=10.8%
n=time=20 years;
Thus
A=4800(1+10.8/100)^20
A=$4800(1.108)^20
A=$37,328.15
Thus the amount after 20 years will be $37,328.15