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What best protects a firm from forced to sell its product at a unfairly low price?
A strong government will protect a firm from being forced to sell its product at an unfairly low price. A strong government can achieve this limiting the amount of firms entering into a specific market.
What else can I help you with?
What best protect firm form being forced to sell its product unfairly low prices?
A strong government BEST protects a firm from being forced to sell its product at an unfairly low price.
What best protects a firm from being forced to sell its product at unfairly low price?
A strong government will protect a firm from being forced to sell its product at an unfairly low price. A strong government can achieve this limiting the amount of firms entering into a specific market.
What best protects a firm from being forced to sells it product at an unfairly low price?
A strong government will protect a firm from being forced to sell its product at an unfairly low price. A strong government can achieve this limiting the amount of firms entering into a specific market.
What BEST protects firm from being forced to sell its product at an unfairly low price?
A strong government will protect a firm from being forced to sell its product at an unfairly low price. A strong government can achieve this limiting the amount of firms entering into a specific market.
What protects a firm from being forced to sell it's products at an unfairly low price?
A strong government will protect a firm from being forced to sell its product at an unfairly low price. A strong government can achieve this limiting the amount of firms entering into a specific market.
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
What is the meaning of the word forestall as it applies to business management?
Forestall means to hinder or prevent normal sales in a market by buying up merchandise. This tactic is usually used to create a scarcity in a particular product in order to increase the price. This leads to a price gouging war that hurts the consumer by unfairly decreasing the ability of stores to compete.
How prices affect demand?
If you have lots of product A, and all of your competitors also have lots of product A, you may need to reduce price in order to attract custom to your business and get a head start on your competition. If this process is repeated by all your competitiors, you may need to reduce your price further and so on.The opposite applies when you have lots of product B and your competitors have little or no product B. You could then increase prices as there are few options for the customer, who will have little option but to pay the prices you ask.( To Producer)If you produce product A which is highly demanded in the market you may set your price high, but as the demand of the product decline you will be forced to reduce you price to maintain your costomers.(To Consumers)If a product is sold at a high price then you will buy/demand less quantities(necessary to purchase) but if the price decline then the demand will increase. But this is affected by several other factors, such as necessity of the product, usage of the product (technically we can say ELASTICITY of the product)(Law of Demand)The law of demand states that "the higher the price the lower the quantity demanded, the lower the price the higher the quantity demanded.
If selling price is S and product price is P then what will be the profit?
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Why doesnt coke lose its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
