Answer:
Explanation:
When opening a business in a monopolistically competitive market structure it is incredibly difficult to compete and find a loyal customer base to make a profit. The best way to differentiate your product would be to personalize it as much as possible for every client. Personalizing not only the product but the shopping experience for each individual client makes that client feel special and cared about. This helps convince them to purchase this product from you as opposed to a competitor. Therefore, slowly increasing your loyal customer base.
Answer: Option E
Explanation: A perfectly competitive company is known as a price-taker, because the competition of competing firms causes them to embrace the prevailing market price of equilibrium.
If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.
Hence from the above we can conclude that the correct option is E.
Answer:
a. the American Bar Association.
Explanation:
-American Bar Association is an organization that is formed by law students and lawyers and it establishes codes of conduct for this profession. It created the Model Rules of Professional Conduct in 1983 and it is used in 49 states.
-American Institute of Certified Public Accountants is an organizaion formed by certified accountants in the United States and it determines ethical standards for the professionals.
-The Securities and Exchange Commission is an agency of the United States government that develops and enforces laws for the securities industry.
-The International Accounting Standards Board is a body of the IFRS Foundation that establishes accounting standards.
According to this, the answer is that Lauren’s conduct is governed by rules of professional conduct established by the state in which she is licensed, and the Model Rules of Professional Conduct of the American Bar Association.
Answer:
B. increasing returns initially and eventually diminishing returns.
Explanation:
Average variable cost initially, is high and tends to reduce with increasing number of units and on the long run then it ultimately tends to decrease.
Initially the returns are high on per unit, after that the company's return per unit decreases and the cost per unit in terms of variable cost also increases.
Average variable cost is less in the curve in the short middle term, then it tends to rise, as because variable cost starts increasing.
The company shall wisely choose to stop the production when the variable cost is increasing with a higher percentage than the decreasing revenue.
Answer:
The situations that might have created the budget deficit for the Constantine family are an unexpected increase in rent, higher cost of food( away), higher cost of personal gifts, and donations. The current budget deficit is $210. These are the items of expenditure that could have increased and have led to the budget deficit for the Constantine family.
Explanation:
