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irinina [24]
2 years ago
5

When companies like Uber and Lyft join the ride-share market, what would we most likely expect to see cab drivers do to their pr

ices
Business
1 answer:
Rainbow [258]2 years ago
6 0

We would most likely expect to see cab drivers reduce their prices.

<h3>Why would cab drivers reduce their prices?</h3>

When Uber and Lyft join the ride-share market, there would be an increase in the supply of cab drivers. As a result, the supply curve for cab drivers would shift to the bright. This would increase equilibrium quantity and reduce equilibrium price.

Please find attached a curve that depicts an increase in supply. To learn more about supply, please check: brainly.com/question/14727864

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Nutrimax Corp., a breakfast cereal company, has designed extensive and elaborate advertising campaigns for its existing products
Effectus [21]

Answer:

a. Market penetration

Explanation:

Market penetration strategy is a product promotion approach through which a company seeks to gain a greater share in markets it already operates.  The strategy is used to increase sales volumes in existing markets.  

Market penetration applies where similar goods and services exist. A company uses the low-price technique or present its products as superior as compared to those of its rivals. The objective is to draw customers' attention to the company's products. Advertising using special features and benefits presents the products as unique and superior, thereby attracting customers' attention.

8 0
3 years ago
Sparty Corporation has provided the following information for its most recent year of operation:
Wewaii [24]

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

Net Income $40,600

($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

7 0
3 years ago
Combatant commanders take strategic level guidance and develop their theater strategies, campaigns, and major operations at the
Bingel [31]
<span>At the tactical level of war the combatant commanders prepare all national instruments of power for war or conflict coordination the application of all instruments of national power with the actions of force. Principles and guidance also apply when needed.</span>
8 0
3 years ago
Differenciate between land rotation and crop rotation ​
bixtya [17]

Answer:

<em><u>Crop rotation gives various benefits to the soil. ... Crop rotation is one component of polyculture. Shifting cultivation is an agricultural system in which plots of land are cultivated temporarily, then abandoned and allowed to revert to their natural vegetation while the cultivator moves on to another </u></em><em><u>plot</u></em>

<em><u>(</u></em><em><u>I </u></em><em><u>think,</u></em><em><u> </u></em><em><u>I'm </u></em><em><u>not </u></em><em><u>sure)</u></em><em><u> </u></em><em><u>¯\_(ツ)_/¯</u></em>

4 0
3 years ago
Read 2 more answers
On January 1, 2019, Wasson Company purchased a delivery vehicle costing $45,200. The vehicle has an estimated 7-year life and a
almond37 [142]

Answer: $33,400

Explanation:

The annual depreciation using the straight-line method is;

= (Cost - Residual value) / Useful life

= (45,200 - 3,900) / 7

= $5,900

On December 31, 2020, the vehicle would have depreciated by 2 years so the book value would be;

= Cost - Accumulated depreciation

= 45,200 - (5,900 + 5,900)

= $33,400

3 0
3 years ago
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