Answer:
d. Product enhancement
Explanation:
When a company creates a product that extends, enhances, and encourages the customer beyond delivering its core, this concept is called product enhancement. It is basically the mechanism of change where we try to enhance and improve our product or services to enhance its core value which can definitely increase its performance and therefore, customer expectations. The main job is done by the product managers, they have to take this core responsibility of coming up with the better and improved product. Organizations should take it as a continual mechanism in order to add value in their products on the continuous basis in order to remain competitive in the market.
I think the correct answer from the choices listed above is the third option. Price ceilings are often established in order to keep products affordable for consumers. <span>A </span>price ceiling<span> is a government-imposed </span>price<span> control or limit on how high a </span>price<span> is charged for a product. </span>
proprietorship
As the name suggests, a proprietorship (also called a sole proprietorship or sole trader) belongs to an individual. The owner receives all of the profits and is responsible for all of the losses. If the business shuts down, creditors (persons or organizations that loaned money to the business) may recover dues from the owner's personal assets. It is not possible for a sole proprietorship business to raise money from the capital market (stock market). A beauty parlor and a local mom-and-pop store are examples of proprietorships.
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