A competitive firm is a price taker.
A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.
Small businesses are typically price takers, while monopolies or large, well-established enterprises with copyrighted products are typically price makers. In the stock market, individual investors take prices. further reading.
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Answer:
d. leverage
Explanation:
Leverage -
It is a type of investment strategy , where the borrowed money is used .
It is the method by which the firm or an organisation is expanded by using the borrowed money as the capital and funding , is referred to as leverage .
Hence , from the given scenario of the question,
The person uses borrowed money to increase the potential return of an investment .
Hence , from the question,
The correct term is leverage .
Answer:
b) marketing mix
Explanation:
The marketing mix is a combination of 4Ps i.e. product, price, promotion and place. These are required to promote a company product and services in order to create an awareness among the people also the company provides a better deal so that every customer could attract towards their product. It can be promoted in television, print media, social sites
Therefore in the given situation, the correct option is b.
A strategic management tool known as the "Business Model Canvas" aids companies in describing, developing, and analyzing their business models.
As part of his PhD research, Swiss business theorist and entrepreneur Alex Osterwalder created the canvas. The Business Model Canvas was further developed in a book called Business Model Generation that he co-authored with the Belgian computer scientist who served as his graduate advisor.
Business Model Generation's front cover states that it was "co-created by: an outstanding crowd of 470 practitioners from 45 countries."
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Answer: In Favour of Ewing.
Explanation:
When Dean made that promise, he got into a contract with Ewing.
Now for a contract to be enforceable, 4 components must be satisfied. These components are, Agreement, Capacity (mental), Consideration and Legality.
From the above text we can tell that this is therefore a valid contract because both of them agreed to the proposal and were both of sound mind when they did. There was a Consideration ( the benefit in the contract) of $10 per pound and this contract is legally sound so this is a valid contract.
Ewing has fulfilled his side of the bargain and is entitled to his reward or payment.
Dean's claim that Ewing’s improved health is a sufficient benefit for his effort and sacrifice which indeed is a benefit, should not be considered sufficient because it was not agreed upon as a term in the contract.