Does providing customized products generally involve less capital investment or less skilled labor, when compared to more standardized products?
Q: As a result of the rapid pace of innovation: a. market segmentation has reduced. Ob. product…
A: Because of the fast speed of development, the time between an item's presentation and its withdrawal…
Q: Which of the following statements is false? a) A high-efficiency organisation would want to have…
A: In an organization, production process is one of the important department as it generates output to…
Q: Explain the advantages and drawbacks of using incrementalcost pricing rather than full-cost pricing.
A: Incremental Cost Pricing: The incremental cost pricing method attempts to use the directly…
Q: All of the costs associated with a principal interacting with an agent are called Group of answer…
A: In economics, agency cost occurs when the principal (who is an organization or a firm) interacts…
Q: In order for an ad to be considered deceptive, it must make at least one false statement.…
A: Advertisement: Advertisement is the process to attract new customers and maintain the existing one.…
Q: Can you answer the statement with it depends: Manufacturing highly standardised products are…
A:
Q: Crowdsourcing affects new product development by: Group of answer choices: A) providing a…
A: Crowdsourcing a process related to product development that includes accessing or allowing groups of…
Q: Difference between market process and traditional process
A: Market process is a type of economic process. According to market process ideology, the market…
Q: Which of the following statements NEITHER describes, NOR is the result of, Increasing Returns to…
A: Increasing returns to scale refers to decrease in average cost of production with increase in…
Q: What is the difference between a price analysis and a cost analysis
A: The Price Analysis and Cost Analysis are both methods to estimate the costs of a project. But the…
Q: Explain why automobile manufacturers produce their own engines but purchase mirrors from independent…
A: The automobile manufacturers produce their own engines but purchase mirrors from independent…
Q: Explain some usual critics of economics: bias toward market-based solutions, cannot be properly…
A: Market failure alludes to the failure of a framework to give specific products ideal level. The…
Q: What are the Five levels of a Product? Explain each level with an example from any Educational…
A: Answer- Need to find- What are the Five levels of a Product? Explain each level with an example from…
Q: A firm that sells e-books - books in digital form downloadable from the Internet - sells all…
A: Given: Maximum annual profit of $45,000 when it sells 20,000 copies Profit per copy = 45000/20000 =…
Q: Homogeneous products Substitute
A: A homogeneous item is one that can't be recognized from contending items from various providers. All…
Q: Geographic diversification across national boundaries often hurts a company's performance because…
A: Diversification across national boundaries refers to a company entering foreign markets.
Q: A plane from Cairo to Riyadh is about to take off, but it still has a few seats empty. If the…
A: Average cost(AC) is the cost(C) of ‘each unit during production’. It is calculated as total cost(TC)…
Q: Identify any two potential drawbacks that Unilever could face given their choice of sourcing method.
A: The RSP comprises a set of Mandatory Requirements that must be met by all of our suppliers in order…
Q: Market approval in the US for new pharmaceutical products is a long, arduous, and expensive process.…
A: The goods that serve as an alternate to other goods are said to be substitute goods. Example: Tea is…
Q: Suppose the firm is operating in a high-wage country, where capital cost is $50 per unit per day and…
A: For finding the cheapest technology we have to find the total cost of each technology. For finding…
Q: is this statement (True or False) and explain why it is true or false . Given the economic crisis…
A: One of the major goals of firms operating in any type of market is profit maximization. Generally,…
Q: A social media style guide should specify the following, except desired tone of social media content…
A: People may exchange their thoughts, views, and information through virtual networks and communities…
Q: Most economists think that innovation is not random, and that pharmaceutical companies can steer…
A: Induced Innovation theory suggest that when price of a factor of production increases sharply in…
Q: One of the DISADVANTAGES of intensive distribution is that it: Group of answer choices: A) is…
A: Intensive distribution: - It is a marketing strategy in which the producer supplies its goods to all…
Q: why companies shut down due to covid-19?
A: Answer: Introduction: Many companies all over the world have shut-down their operations due to…
Q: What responsibility should the manufacturer of toxic chemicals have for harmful effects that they…
A: 1.Manufacturer of toxic chemicals main objective is to earn profit and increase their business.After…
Q: Which of the following products and services are likely to encounter adverse selection problems:…
A: Adverse selection is when the sellers are likely to possess information which the buyers do not tend…
Q: The distance between the TC and TFC curves narrows as more mountain bikes are produced.
A: When a firm produces output, it's fixed cost refers to the cost that remains fixed at any output…
Q: With new healthcare regulations, many hospitals have merged, creating hospital systems. As a result,…
A: Answer to the question is as follows:
Q: Explain why Information Technology's cost-performance ratio is predicted to increase by a factor of…
A: Answer - cost-performance ratio:- It is the ratio of which related to equipment or technologies…
Q: Define technology difusion in short.
A: Technology diffusion means the adoption of technology, innovations and new techniques by masses.
Q: Average fixed cost decreases as quantity increases. True False
A: Total fixed cost(TFC) is the cost(C) which remains fixed in the short-run. For example: cost(C)…
Q: Duolingo is a widely used foreign language app, with 300 million users in 2018. While there is a…
A: Duolingo is just another app like many other apps in the digital world. There are now different apps…
Q: Will the long-run customer relationship and sales gains from the promotion justify its costs?
A: Cost: Cost is the financial worth that an organization has spent to create something. In a business,…
Q: Cost savings may be ________________ such as lower prices paid, or ______________ such as increased…
A: There are 6 types of cost cost savings : Historic saving Budget savings Technical savings RFP…
Q: Compare and contrast the buying behavior of final consumers and organizational buyers. In what ways…
A: final consumers of a product are those who are buying product to satisfy their own personal need,…
Q: By emphasising productivity and efficiency, what have service output measures tended to ignore?…
A: Efficiency alludes to how much exertion and assets individuals put into work, while efficiency is…
Q: Describe the concept of contingency valuation, and two of its limitations.
A: Ecosystem valuation is a technique for calculating the effect of human actions on the environment…
Q: of perceived obsolescence? Wrapping paper Styrofoam take-out container Plastic fork…
A: Obsolescence is the state of being which occurs when an service, practice or object is no longer…
Q: Are there opportunities to combine volumes of spending from different busi- nesses, and standardize…
A: There are various market practices to understand the various opportunities available, which are used…
Q: ______ functions, performed by intermediaries, involve contacting and communicating with prospective…
A: Distribution of products takes place by means of channels, and also the intermediaries are the…
Q: Process mapping is a tool that reduces processes to their component parts or activities and helps…
A: Process mapping is the graphical representation with illustrative descriptions of how things get…
Q: Which of the following scenarios represents a customer acquisition cost of $100? Multiple Choice A…
A: Customer Acquisition Cost is the cost of winning a customer to purchase a product or service.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Distinguish between technical efficiency and economic efficiencywill a supplier be able to reduce its cost structure through additional volume?Can you answer the statement with it depends: Manufacturing highly standardised products are usually more profitable in high context cultures due to economies of scale.
- Number 5 : IV part only. Thank you.A book that sounds just perfect for me, Kate Raworth’'s Doughnut Economics available on Amazon for $28.35 for the hardback and $15.04 for paperback. From the publisher’s perspective, the difference in the cost between each version of the book seems negligible; it may cost a little bit more to produce the hard cover, but certainly not twice as much. Hardback versions usually also get published a few months before paperback versions are published. How do you explain the different prices for essentially the same product, given that the cost to the publisher of providing each type of book is basically the same? Amazon also offers the Kindle digital e-book version for $11.87. The cost to Amazon to produce a new “copy” for the next consumer is virtually nothing; just the sending of some data to the customer’s device. Why is Amazon able to charge $11.87 when its cost is basically zero and the market for books is likely very competitive?. A book that sounds just perfect for me, Kate Raworth’s Doughnut Economics is available on Amazon for $40.35 for the hardback and $15.99 for paperback. From the publisher’s perspective, the difference in the cost between each version of the book seems negligible; it may cost a little bit more to produce the hard cover, but certainly not more than 2.5 times as much. Hardback versions usually also get published a few months before paperback versions are published. How do you explain the different prices for essentially the same product, given that the cost to the publisher of providing each type of book is basically the same? Amazon also offers the Kindle digital e-book version for $11.87. The cost to Amazon to produce a new “copy” for the next consumer is virtually nothing; just the sending of some data to the customer’s device. Why is Amazon able to charge $11.87 when its cost is basically zero and the market for books is likely very competitive? Note:- Do not provide handwritten…
