Answer:
Check: Review the test, analyze the results, and identify what you’ve learned.
Explanation:
The four phases are:
Plan: identify and analyze the problem or opportunity, develop hypotheses about what the issues may be, and decide which one to test.
Do: test the potential solution, ideally on a small scale, and measure the results.
Check/Study: study the result, measure effectiveness, and decide whether the hypothesis is supported or not.
Act: if the solution was successful, implement it
Alpha's Pizza and Bravo's Pizza are two restaurants that are in a horizontal conflict known as a price war. This conflict will most likely have a positive impact on consumers by reducing prices.
Explanation:
The price conflict or war between two companies will affect the customers positively as they both the companies will try to attract more consumers by reducing their price.
This form of market is known as perfect competition where the consumers will buy from the manufactures which has lower price in comparison of other (same) product manufacturer.
Answer: The firm should produce more output when marginal cost equals marginal revenue.
Explanation: A business can maximize it's profit by producing at a level where marginal cost equals marginal revenue. As long as the Marginal revenue is not lower than marginal cost the firm can produce more to maximize their profit.
A week ago, i did a business interview with someone who works in a book publisher company.
One of her biggest concern regarding the business is the development of Electronic book format such as Epub and PDf. This development greatly reduced their market share since electronic books usually available at a cheaper price
The impact of a retail shopfitting strategy is that it ensures that the retail store attracts and engages the customers.
<h3>What is retail shopfitting?</h3>
Retail shopfitting is the use of colors, displays, and various fittings as a strategic business move and attractively fitting the retail shop, ensuring:
- Increased visual impact
- Customers find your store
- Increased customer sales
- The communication of retail brand
- Improved business performance and profitability.
Thus, the impact of a retail shopfitting strategy is that it ensures that the retail store attracts and engages the customers.
Learn more about retail shopfitting at brainly.com/question/6781493
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