What happens when the supply of a nonperishable good is greater than the consumer wants to buy?
Excess supply>remains unsold, eventually price drops
Answer:
The government agency is providing basic and/or essential services that further deepen the interests of members of the public
Explanation:
The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.
To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.
Answer:
A) Intrinsic touch points
Explanation:
A touch point refers to a situation where a consumer interacts with a company's. An intrinsic touch point happens when the consumer actually purchases or uses a company's product or service. It basically refers to the consumer's experience while using or buying a company's product.
This is the most important part of a marketing strategy since no matter how good and effective a marketing campaign is, how pretty the product is, etc., if the consumer doesn't like buying and using it, then the whole experience is ruined. Even a good product or service can be ruined if the buying experience was terrible, e.g. a bad waiter ruins a good meal.
Try asking a different question or source
Answer: insurance services
Explanation:
