Answer: High degree of similarity to competitors products.
Explanation:
In a perfectly competitive markets, the producers are price takers as the producers cannot influence the prices of goods in a market.
In such cases, producers are forced to sell the goods at current market prices. Good sold in the market are similar and prices are usually the same. If a producer influences his or her price by setting a price above the equilibrium price in the market, the customers will move and purchase the product from other producers.
Answer:
False.
Explanation:
The concept of "Nash equilibrium" is been by economist and also by "gamers" in game theory. Nash equilibrium is so good for making decisions and the determination of strategies.
In playing this game, the players or participants can use the pure strategy or the mixed strategy. The mixed strategy is the use of different strategies randomly.
"If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the same as the payoff from using any of the pure strategies in it".
The statement given above is FALSE because the PAYOFF WILL INCREASE IF WE ARE TO PLAY A MIXED STRATEGY.
For instance if we have a head of 1 and -1, and a tail of -1 and 1, the payoff for pure strategy is likely one or minus one but for a mixed strategy it could be zero.
Answer:
1. not straight forward and would entail going back to the first stages.
2. it needs a lot of patience to gather information and resources.
3. the process is long
4. needs a lot of teamwork
Explanation:
Human Centered Design is the development of solutions that meets the needs of a particular group in the society.
The Human Design Process comprises of the following processes : Empathize, Defining the Problem, Ideate, Develop a prototype, test the Prototype and Develop the Product.
Some frustrations that arise with this process is that it is not straight forward and would entail going back to the first stages, it needs a lot of patience to gather information and resources, the process is long and needs a lot of teamwork as well.
Answer:
the manager risks legal enquiry for unjust dismissal of other employees for lateness as well.
Explanation:
Irrespective of an employee's performance, good or bad, a manager has to company policy regarding any misdemeanour should be meted out as at when due. This will ensure and give other employees the sense of responsibility to assume and resume as at when due and that no one in the organization is above the law.
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Incomplete question. Here are the missing options;
a. Program Backlog
b. Roadmap
c. Development Manager
d. System Architecture Designs
Answer:
<u>b. Roadmap</u>
Explanation:
<em>Remember</em>, a typical project/product roadmap details lists of features or feature milestones to be launched in the future.
Hence, by looking carefully looking at the product's roadmap, the product manager can find information about when the specific feature requested by the customer would become available.