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Lana71 [14]
3 years ago
7

What are four common types of changes and trends that can offer business opportunities?

Business
2 answers:
Artyom0805 [142]3 years ago
8 0
Some of the changes that may pose a great opportunity for business are: (1) change in the demands of the consumers (it may be in style, taste, etc) (2) rapid technology, (3) global banking opportunities, and lastly (4) government enhancing ties with the private owners of different business units. 
dalvyx [7]3 years ago
3 0
<h2>Answer:</h2>

Below re some common trends and changes to offer opportunities to any business:

  • Emerging Markets: New markets would allow the business to experiment in different areas and introduce numerous product lines.
  • Changing Demands: Consumers now a days are very choosy and picky, as they have a variety of options available, hence to forecast these demands and present a product as per those will give a competitive edge to the business over others.
  • Technology: Rapid changes in technology allows the business to experiment and provides new opportunities.
  • Globalization: Expanding business provides new and greater opportunities, as they tend to cater new segment of customers.  
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Frank decides that a social media campaign is the best way for him to attract new business to Slice of Life Pizza. After Frank i
Softa [21]

Answer: identify your target audience

Explanation:

Since Frank has identified his strategies and goals, then the next step in the campaign will be to identify the target audience.

The target audience refers to the consumers that are likely to attract new business to Slice of Life Pizza. This is vital for Frank to be able to reach out to more customers and make profit.

3 0
3 years ago
It is estimated that 100,000 fans will attend a football game. Forty-two percent of them will not be able to park at the stadium
egoroff_w [7]

The answer is: 30 Trips


Total fans = 100,000

<u>The amount of fans that need satelite parking </u>

= 100,000 x 42%

= 42,000 fans


<u>There are 20 buses and each of them can carry 70 fans in one trip. So the maximum number of fans that all of them can carry in one trip:</u>

= 70 x 20

= 1400 fans


<u>Total trips that each bus need to take all fans to stadium </u>

= 42,000 / 1400

= 30 trips

4 0
3 years ago
How does a central bank help tide over wild imbalances in a managed floating rate system?
galina1969 [7]

Answer:

Explanation:

it is a on egun tell me if it is right on yous it

8 0
3 years ago
Assume that a pure monopolist and a purely competitive firm have the same unit costs. In this case, determine what is true with
grandymaker [24]

Answer:

a. 1, 5 and 7

b. Resources will be allocated inefficiently

c. Differing sizes and capacities

d. Benefits due to economies of scale

e. Reduce prices and improve resource allocation.

Explanation:

The correct combination is 1, 5 and 7. The price of a pure monopoly firm is much higher than that of purely competitive firm because the later is a price taker while the former is a price fixer. Because of this, output of monopoly is lower while the profit margin is higher than that of competitive firm.

Assuming that a pure monopolist and a purely competitive firm have the same unit costs. In the case of a pure monopolist, resources will be allocated inefficiently because the monopolist does not produce at the point of minimum Average Total Cost and does not equate price and Marginal cost.

Even though both monopolists and competitive firms follow the MC = MR rule in maximizing profits, there are differences in the economic outcomes because pure competitors lack capacity and are smaller in size while the monopolist has the capacity to expand inorder to maximize profits.

The costs of a purely competitive firm and a monopoly may be different because the monopolist is capable of taking advantage of cost reduction arising from economics of scale. Pure competitors does not experience economies of scale due to their small sizes.

If a monopoly can experience economies of scale, it can reduce prices beyond that of the pure competitor thereby ensuring a more efficient resource allocation.

5 0
3 years ago
Suppose electricity generates a negative externality in production. If​ so, then ____
garik1379 [7]

Answer:

The correct answer is option A.

Explanation:

A negative externality refers to the situation when the cost of production is borne by a third party which is not involved in the production process.

In case there is a negative externality present, the marginal social cost will be greater than the marginal private cost. The competitive price will be lower than the socially optimal price.

Since a third party partially bears the cost, the producer will be able to produce more than the optimal level. There will be a deadweight loss of social welfare.

3 0
3 years ago
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