0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why would a firm raise the price of a product after a producer determines that the demand for one of its products is inelastic?
The firm would raise the price because the firm's total revenues would probably increase.
When does a firm have market power?
A firm is a monopoly if it is the sole seller of its product and if its product has no close substitutes.
How would you define product fraud?
When a business knowingly produces a defective or substandard product and sells it to the public anyway, the firm has committed product fraud.
If a firm's product is perishable where is the firm usually located?
It's near its consumers
If a firm product is perishable where is the firm usually located?
It's near its consumers
Why a firm may develop a new product?
A firm would usually do that because it expects to sell the product, and make a profit.
What are some considerations for new task buys?
One of the early decisions will be whether the firm wants to purchase the product from a vendor, lease the product, or produce the product in-house. These decisions and the actual purchase decisions are often the responsibility of a buying center.
Why would a firm raise the price of a product after a producer determines that the demand for one of its products is inelastic?
The firm would raise the price because the firm's total revenues would probably increase.
What is foreign business firm?
You would describe a business firm as foreign, if it is based in a different country than the one in which you live.
What are the scenarios that may make a firm to buy rather than to purchase?
The words buy and purchase mean similar things and can be used interchangeably. Therefore, the scenarios that may make a firm to buy and to purchase would be the same.
When does a firm have market power?
A firm is a monopoly if it is the sole seller of its product and if its product has no close substitutes.
How would you define product fraud?
When a business knowingly produces a defective or substandard product and sells it to the public anyway, the firm has committed product fraud.
How does market research advertise techniques try to persuade a consumer to purchase a product?
Market research advertise techniques try to persuade a consumer to purchase a product in a number of ways. Through the research the firm is able to identify what exactly the consumer needs.
What does firm to touch mean in baking?
"Firm to touch" means that when you lightly touch the top of the baked product, the dough will not jiggle or move as it would if still liquid. It will feel firm, but not necessarily hard.
Hire an Internet Marketing Firm?
form_title=Hire an Internet Marketing Firm form_header=An internet marketing firm can increase business and draw in new customers What type of marketing services do you require?=_ Are there any particular markets you are after?=_ Please describe the product/service you want to market?=_
Will you advocate for a typical manufacturing firm to have one buyer or purchaser for each category of item?
Basically, no. But of course it does depend a lot on the characteristics of the product they are supposed to purchase.
License existing technology from another firm and apply it to this product?
Where the technology you are using from another firm is applying that to a product that needs to be license.
