Answer:
The correct answer is letter "D": buyers and sellers having all relevant information.
Explanation:
Perfect Competition is a theoretical market structure in which competition is at the highest possible level. These five (5) elements contain a perfectly competitive market: <em>all firms sell the same product, all firms are price-takers, all firms have relatively small market shares, buyers have complete product and price information, </em>and <em>the industry is characterized by low or no barriers to entry and exit.</em>
Answer:
Option A Penetration Pricing Strategy
Explanation:
The lowest price set below the market price for a long term period is known as Penetration Pricing Strategy. The reason is that the penetration pricing strategy helps the company to make maximum profit by using the price demand relation. In this scenario the company is setting a price which is lowest price in the market and this price brings maximum number of sales and profits. This lowest price makes the competitor's prices unattractive.
On a graph, the point where the supply curve (S) and the demand curve (D) intersect is the equilibrium. ... At any other price, the quantity demanded does not equal the quantity supplied, so the market is not in equilibrium at that price.
Answer:
(D) franchising.
Explanation:
The franchising is an innovative idea to increase the sales of the company brand through which the company can able to capture maximum market size across the work. This strategy works with the motive to expand the business.
In this, there are two parties i.e franchiser and franchisee. The franchiser sells its logo, name, rights to the outlets that we called franchisee. For this, the franchiser gets the lump sum payment and profit share, etc.
Hey there!
I believe the answer to your question would be B.) The interviewer can record both observations and responses.
In an online survey, you can just put random answers, but in an actual interview, the interviewer can catch you off guard, and they can see expressions and hear tone of voice, to really understand your answer.
Hope it helps and have a great day!
