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Alisiya [41]
3 years ago
13

________ means that service quality depends on the quality of buyer-seller interaction during the service encounter.

Business
1 answer:
Anika [276]3 years ago
3 0

Answer: interactive marketing

Explanation:

Interactive marketing is also referred to as event-driven marketing or trigger based marketing and it simply has to do with using an effective communication which is two-ways to enable the consumers connect directly with a company.

Interactive marketing means service quality depends on the quality of buyer-seller interaction during the service encounter.

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Explain how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is
Ghella [55]

The price paid to each factor adjusts to balance the supply and demand for that factor. Because factor demand reflects the value of the marginal product of that factor, in equilibrium, each factor is compensated according to its marginal contribution to the production of goods and services.

<h3><u>Explanation:</u></h3>

The incremental profit that is being earned for an additional single unit by subtracting the price of the product and all the variable cost that is associated with that product is the marginal contribution. It is the earnings that is obtained in total for paying all fixed expense and also for the profit generation.

The price that is spent for the every factor in order to adjust balancing the supply and demand of that particular factor. This is because of the reason that, the value of the marginal product of any factor is controlled by the demand factor. Thus in an equilibrium state there will be a compensation of each factor based on the marginal contribution to the production of goods and services.

7 0
3 years ago
Which accurately reflect the role of government in a mixed market economy?
Anna [14]

Answer:

The most suitable answers are,

A) The government promotes competition between businesses.

B) The government owns or partially owns some businesses.

Explanation:

In a mixed market economy, bother government and the private sector plays an important role in the economy. Moreover, government tends to regulate the economy and it's activities to ensure a smooth flow.

In addition, both state owned and privately owned corporations present as well.

3 0
3 years ago
The lowest amount a manufacturer can pay factory workers is an example of
Harrizon [31]

Answer: Price floor

Explanation:

A price floor is the legal minimum price control that is imposed by the government. It is binding when the equilibrium price is below the legal minimum price. At the price floor quantity supplied of a good is greater than its demand.Thus there is a surplus in the market at the price floor.

So, the lowest amount a manufacture can pay its factory workers is an example of a price floor.

Price ceiling is the maximum price that can be paid or charged for a good.

7 0
3 years ago
Read 2 more answers
For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happe
WARRIOR [948]

For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a price level of 100 in the coming year. If the actual price level turns out to be 90, soybean prices will <u>fall</u>, and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by<u> reducing </u>the quantity of soybeans supplied. If other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to <u>fall below</u> the natural level of output in the short run.

<u>Explanation:</u>

In the example that has been given above, it talks about the production of the soya bean farmers and their responses to the change the supply of soyabean in the market with the change in the price level of the same in the market given.

With the decrease in the price of the product below the expected level, the supply of the product in the market will be decreased by the suppliers in the market.

8 0
3 years ago
As long as countries only produce goods in which they have a comparative advantage and trade those goods for ones in which they
Talja [164]
The answer is true.
8 0
3 years ago
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