Answer: Option B
Explanation: In simple words, competitive industry is the one in which both the consumer and the producer are price takers due to the high number of participants on both sides. No individual firm could control the price and the profit is totally dependent on the quantity sold.
However, the cost structure could be different of different firms and in the long run only those firms survives that have a reasonable profit margin on sales. The other firms earns nothing and ultimately leaves the industry.
Hence the correct option is B .
Answer:
A painter hired to paint your home.
Explanation:
Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.
For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.
Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.
Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.
In the other scenarios special skill is required so delegation will not be usually allowed.
Answer:
<u>less risk</u>
Explanation:
Note: <u>The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that</u>.
It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.
In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.
Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.
Thus, Cole's decision is attributable to <u>less risk.</u>
This question is incomplete and I've read and answered the complete question and its ask to determine Mandy's gain or loss if she later sells the stock for $2.3 million.
In definition, a fair market value is the selling price of the item of which buyer and seller can agree, with that, if Mandy sold it for 2.3 million, the possible profit of it would be $100,000
The development of Zumba is considered a <u>service-level</u> activity Garfield.
Service Level activities are those activities that are necessary to provide a service to the customer. In this case, the service is offering Zumba classes in the group training room. This activity involves learning the Zumba steps, finding music, and scheduling classes.
All of these activities are necessary to provide the service and therefore, are considered service-level activities for Garfield Personal Training Services.
Therefore the correct answer is C) Service Level.
For more questions like Zumba classes click the link below:
brainly.com/question/14251451
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