You are not maximizing utility, because the marginal utility per dollar spent renting movies is not equal to the marginal utility per dollar spent on CDs. We will maximizing utility when the consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
Answer:
Walmart, MacDonald's and Payless ShoeSource.
Explanation: Cost Leadership is a business strategy where a comoffers products and services with acceptable quality and features to customers at a very low price.
Yes they should advertise their products and services, actually some of them use advertising slogans like "why pay more when you can pay less" "Always low prices" and " save money" Used by Walmart.
Advertising which is usually a way to tell people about what you do and why you should do it with them or through them, tells people about changes in their prices and introduction of new products.
Again, it will amaze you to know the a lot of people don't know about these companies yet. It helps them to reach more people and this in turn increases their sales.
Answer:
<u>yes</u>
<u>Explanation:</u>
Decision making involves a carefully thought out process about the best course of action, and medical staffs often rely on them in their decision making.
For example, medical staff can evaluate the quality and efficiency of the care they provide by monitoring negative tends that may appear on coded data, Meanwhile management can use their findings from coded data to draft out better health policies for their organization.
