Answer:
barriers to entry
Explanation:
The characteristics or attributes of the perfectly competitive market are as follows
1. There are large number of buyers and seller who purchase and sales similar kind of products
2. No transaction is involved
3. No barrier for entry and exit into the market
4. It contains the perfectly elastic demand
5. Perfect knowledge about the products
Therefore the first option is considered
Answer:
An example of primary data that Armstrong could use in this research project is:
d. Discussions among focus groups made up of small number of gardeners led by an interviewer.
Explanation:
Primary data is directly collected by the researcher. It is the opposite of secondary data, which is data collected from primary sources and made available for use in a research. Primary data is first-hand information collected during a research project. Focusing on the discussions by gardeners will enable Armstrong to assess their perceptions about rose as a high-maintenance plant.
Answer:
A. Generating, refining, and evaluating potential marketing actions.
Explanation:
Marketing research are the processes that are used to connect consumers and manufacturers to marketers. Infornation is used to generate, refine, and evaluate potential marketing actions. It is used to evaluate marketing mix and how changes affects the consumer's behaviour.
General Mills used marketing research to identify ways to grow the brand, promote it, and evaluated plans to market it. Due to increased demand for organic and natural foods.
This is use of generating, refining, and evaluating potential marketing actions.
Answer: The invisible hand
Explanation: Invisible hand can be defined as those unobservable market forces which helps the forces of demand and supply to reach to an equilibrium level.
In the given case, Daniel is giving work to local suppliers and jobs to residents as well as producing demand in the market by its products, thus, we can conclude that the given case is an example of invisible hand.
