Monopolistically competitive firms are able to obtain monopoly rents in the short run. obtain monopoly rents in the long run. maximize profit by maximizing revenue. charge any price they want in the short run.
Q: What will happen if there's no intercultural communication?
A: Intercultural communication skills are required by those who share information and communicate with ...
Q: Justify and evaluate how would the cost leadership strategy help to increase sales and market shares...
A: Competitive strategy illustrates the long-term plan to acquire a competitive advantage against its c...
Q: What is a cultural value?
A: Introduction Meal, sanctuary, garments, household organisation, religious practice, administration, ...
Q: Analyze a foreign culture of your choice, andrecommend a marketing program for a brand ofone of the ...
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If ...
Q: please explain what the OAG is, and provide an example of how it can be used by (or valuable for) Cu...
A: * OAG in basic terms refer to official airline guide , It basically deals with all the information s...
Q: Name two products for which each of the threefollowing demographic variables would be mostinfluentia...
A: Marketing helps the company to build customers. There are various activities going on in marketing. ...
Q: Describe the promotional objective for each stage of the product life cycle.
A: Promotion in marketing is the most effective part of marketing strategy that has to deal with real o...
Q: Describe core values that vary across culture andinfluence behaviors
A: Marketing is an activity requiring freedom for creativity and trial and error. The firm which doesn'...
Q: come up 7-11. How do marketers use perceptual maps to help them develop effective positioning strate...
A: * Introduction - For an entrepreneur who is to design a new line of boutique hotels in California sh...
Q: What are social media?
A: Businesses should make their brands more personal communication with their customers in new ways. Th...
Q: The typical university business school is organized on a functional basis, with departments heads in...
A: For an organization to run smoothly each department must collaborate and communicate with each other...
Q: With a company only considering extra small, and small size to the clothing it sells. What should be...
A: Selling is the ultimate process for any organization through which it earns revenue and generate pro...
Q: What ethical issues do you see relatingto green marketing?
A: Green Marketing- Green marketing usually involves one or many strategies. It develops products whose...
Q: 5 Major National/ International issues/problems and their possible approaches for Switzerland?
A: Any given firm or brand's target markets stated, or unspoken concerns are referred to as market prob...
Q: Why is being innovative important as enterprenuer?
A: For entrepreneurs to keep on growing it is important to keep innovating on regular basis. Be it prod...
Q: Embrace the position of being a product manager and your product is a cellphone. Then, create your o...
A: A product life cycle is the time period between when a product is initially offered to customers and...
Q: What is the purpose of an institutional advertisement?
A: Advertisement is essential for both merchants and shoppers. It is, nevertheless, more significant fo...
Q: Would your answer to Question 37change if the products were limitedto children’s toys?
A: Ethics specify obligations & duties that individuals owe to others & the community. Ethical ...
Q: Create a qualify phase for mobile phones in the product life cycle.
A: Before we proceed to create a qualify phase for mobile phones, let us first define the terms used in...
Q: What is the difference between pioneering and competitive ads?
A: Marketing is the method to create an exchange with the consumers. There are many topics in marketing...
Q: Discuss comprehensively the difference between business travel and leisure travel
A: Business travel and leisure travel both are different type of travel. Business travel is the trave...
Q: Which sales promotion tool is most common for new products?
A: It is done to create awareness and increase the demand for the product. It is a short-run marketing ...
Q: Do your parents have a high or low level of statuscrystallization? Explain
A: The disposable income of the people has increased considerably over the years and their purchasing p...
Q: Explain the value of direct marketing for consumers and sellers.
A: Direct marketing is a form of advertising approach in which a marketer/business owner sends a tailor...
Q: What is a subculture?
A: The different segments are made by the Marketers in order to clearly seperate and identify the valua...
Q: How have advertising agencies changed to facilitate the use of IMC programs?
A: Marketing helps the company to influence consumers to trust the brand. There are various activities ...
Q: How does competitive product advertising differ from competitive institutional advertising?
A: Advertising- Advertising is a promotional activity that aimed to sell a product or service to the ta...
Q: what ways could a business use online marketing to attract customers to its online store?
A: The online marketing these days is the most trending and most innovative and creative form of market...
Q: A misprint in a newspaper ad is an example of .____________
A: The most traditional form of advertising is through television and print media. The print media deal...
Q: [Snapchat] Snapchat recently released a link to an augmented reality image of Michael Jordan, which ...
A: A business to be relevant and competitive tries different ways to being in the minds of customers. T...
Q: Do you believe Big Data and Predictive Analytics in Marketing would have been effective 10-15 years ...
A: Every company will try to create best products and services and customer service to sustain for long...
Q: What are the three dimensions of fairness in complaint handling?
A: Firms provide after sales service to customers. After sales service is important for business firms....
Q: What are social media providers? Please describe the internal risks from social media when using soc...
A: Of whether you're a seasoned media platforms marketer, a marketing company looking to branch out int...
Q: a.Critical evaluation of the advantages and disadvantages of divisionalisation to the parent company...
A: In the given question, we are given an instance of GoGo Airline wherein the firms' parent company is...
Q: How is enviropreneurial marketing related to newproduct success and market share? Link this to theva...
A: Enviropreneurial marketing can be an effective method to promote a business with limited funds. An e...
Q: [incentive] Ford Motor Company provides support and incentives for its Ford and Lincoln dealers worl...
A: For a business to grow and sustain in the cut throat competition, it needs to implement various push...
Q: Can personal privacy become a problem as the real and digital worlds converge with smart systems?
A: Internet and advanced software are the product of advancing digital technology. The digital world ha...
Q: Explain the value of direct marketing for consumers and sellers.
A: Direct marketing doesn’t comprise retailers and or suppliers. Positive consumer outlooks in direct m...
Q: Which promotional element should be offered only on a short-term basis?
A: Promotion practice in business brings brand awareness among culture. It means the customers are able...
Q: How can brand managers use YouTube to converse with customers? What is a new form of mobile marketin...
A: Digital form of marketing is initiated and executed by using online mediums such as websites and soc...
Q: Select the promotional approach appropriate to a product’s target audience, lifecycle stage, and ch...
A: The promotional tools used by the companies will influence the targeted people, then they will make ...
Q: Identify the following if it is an example of COMMERCIAL BANK, THRIFT BANK, GOVERNMENT BANK, PRIVATE...
A: Commercial Bank -The phrase "commercial bank" refers to a financial institution that accepts deposit...
Q: UNIQLO is a Japanese clothing company, often described as a Japanese version of the GAP, or “the Ike...
A: 1) When a domestic company enters international markets, it must deal with cultural issues such as l...
Q: What are some of the ethical issuesinvolved in cross-cultural marketing?
A: Introduction Cross cultural marketing is promoting that is accomplished with multiple different cult...
Q: What is the benefit a clothing brand gets when they include a plus size in their company.
A: Plus size in ghe fashion industry means selling apparels that range from sizes 1X to 6X and sometime...
Q: How does Taco Bell ensure the continued success of the food chain?
A: Every company try to provide consistent high quality of product and services to consumers. But by pr...
Q: A difficulty for U.S. companies advertising in international markets is that the audience does not s...
A: Any marketing activity that occurs across borders is referred to as international marketing. Interna...
Q: The term "Web Services" in value chains describes: Select one: O a. business applications on the Int...
A: Value chain is determined as the procedure for transforming the products into goods that are actuall...
Q: Why do the regional differences shown in Figure 4–1exist? What are the implications of such differen...
A: Demographics refers to the population expressed in statistical form. For example the factors such as...
Q: What is the difference between a coupon and a deal?
A: In marketing, a coupon is a ticket or document that may be redeemed for a cash discount or rebate wh...
|
obtain |
||
|
obtain monopoly rents in the long run. |
||
|
maximize profit by maximizing revenue. |
||
|
charge any price they want in the short run. |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Being the only producer in a monopoly market, can a monopolist charge a very high price to maximize profit? Why, or why not? give graph if neededWhat Business model that offers high margin goods but nevertheless sells in high volumes? (An example company is Apple)This question asks students to demonstrate their understanding of market entry methods, this should include an explanation of the following methods and their pros/cons with regards to control and potential market penetration; • Joint ventures/strategic alliances • Franchising • Licensing • Direct/indirect Exporting • Wholesaling • Online
- Suppose that General Electric and Toyota Motors are both planning to manufacture electric cars. Which company do you think will have a competitive advantage in this venture? Justify your answer by enumerating the competitive advantages of the firm that you have chosen if it pursues this business.Using the three characteristics of a perfectly competitive market (p. 400), analyze the market in which your company (or a company of your choice) operates. Address each characteristic. Does it meet these requirements? If so, how? If not, why not? Hint: Keep in mind the title of the Discuss question. That should be a clue to how you will answer about your firm. Discuss with your classmates the characteristics of their businesses that you find interesting.Ownership integration _______________________. 1. None of the above 2. Does not occur in "real world" 3. Implies divestitures in the same industry 4. Increases open market transactions 5. Reduces double marginalization
- book : give me liberty volume 2 When supposedly competitive companies divide up markets with fixed prices they have set up a _______________.Cash cows are low growth, high market share products. True or false?A company's competitive advantage can be achieved with the following generic strategy: Monitoring stock price Using financial assets to pursue a merger Initiating aggressive marketing campaign
- Give an example of a company that fits the definition of a transaction broker and briefly describe how it makes money as a business model. A firm's competitive environment refers to all of the following except: Select one: A. other business selling similar products in the same marketspace B. the presence of substitute products C. potential new entrants to the market D. the plan a business develops to attract customers.A firm that is the only seller of a good or service that does not have a close substitute is called A) a monopoly. B) an oligopolist. C) a market maker. D) a price maker.What happens if a corporation tries to equal the competitor's current competitive position?