Answer:
Niche competitive advantage
Explanation:
A niche competitive advantage is gained when a business targets a small segment of the market and effectively serves them.
Forming a niche market leads to less competition as the business is specialised in this field, there is clear focus as a small targeted customer base is to be satisfied, and results in specialised skills or market expertise.
Yuengling only sold in a ten-state area on the Eastern Seaboard for over 170 years, giving them a niche competitive advantage.
Answer:
The price of the stock today is $12.43
Explanation:
The price of the share today can be calculated using the DDM approach whereby discount the expected future cashflows by the required rate of return and calculating the perpetuity value or terminal value where the growth becomes zero.
The price of the Stock today is,
P0 = 0.28 * (1+1) / (1+0.115) + 0.28 * (1+1)² / (1+0.115)² + 0.28 * (1+1)³ / (1+0.115)³ + [(1.5 / 0.115) / (1+0.115)³]
P0 = $12.428 rounded off to $12.43
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Answer:
The correct option is D. P decreases, Q increases.
Explanation: When the marginal cost and average cost of production are reduced, this will lead to a reduction in the price of the final product or service.
Also, in introducing a technological innovation that lowered the costs of production, what the monopolist has succeeded in achieving is that the quantity of output will be driven up, as it will now cost less to produce the same unit, then more units can be conveniently produced.
Therefore, the price will reduce, but this will not be a problem because the monopolist will make up for this by increasing the quantity of output. This will ensure that the revenue generated will either remain at the same level as before, or it will surpass the level as before.
Answer:
Beta Testing Process
Explanation:
Based on the information provided within the question it can be said that firms such as YouEye are automating the Beta testing process. This is the process in which a firm provides an unfinished version of the product they are working on to real customers in order for those customers to provide their feedback on the product. Which by being able to use customers already owned webcams to both test their software and receive video feedback, they are automating the beta testing process.