A monopolistically competitive firm can maintain its competitive edge in the market by offering unique products or services that differentiate it from competitors, creating brand loyalty among customers, and effectively marketing its products to attract and retain customers. Additionally, the firm may also benefit from barriers to entry that prevent new competitors from easily entering the market.
The relationship between price and marginal revenue affects a competitive firm's decision-making by influencing how much to produce and sell. When the price is higher than the marginal revenue, the firm will produce more to maximize profits. If the price is lower than the marginal revenue, the firm may reduce production to avoid losses. This helps the firm determine the optimal level of output to maximize profits in a competitive market.
Profits can fluctuate. Just because a firm is not making a profit at the moment does not mean that they won't be making a profit in the future. Hope springs eternal.
When the price is higher than the marginal cost for a firm in a competitive market, it means the firm can make more profit by producing and selling more goods. This influences the firm's decision-making process by encouraging them to increase production to maximize profits. As a result, the firm's overall profitability is likely to increase as they take advantage of the higher prices to boost their revenue.
i don think so it wld land up making profits...
Economics influences decision-making in industries through factors like supply and demand, pricing strategies, cost-benefit analysis, and market competition. For example, companies may adjust their production levels based on consumer demand, set prices to maximize profits, evaluate investments based on potential returns, and innovate to stay competitive in the market.
maintain the colony's defense and making profits
The relationship between price and marginal revenue affects a competitive firm's decision-making by influencing how much to produce and sell. When the price is higher than the marginal revenue, the firm will produce more to maximize profits. If the price is lower than the marginal revenue, the firm may reduce production to avoid losses. This helps the firm determine the optimal level of output to maximize profits in a competitive market.
aimed at making American more competitive, and created employee stock-option and profit-sharing plans that would kick in when pretax profits exceeded $500 million.
Profits can fluctuate. Just because a firm is not making a profit at the moment does not mean that they won't be making a profit in the future. Hope springs eternal.
profiteering
Making profits on sales
The primary goal of a private firm is to maximize shareholder value by generating profits and ensuring sustainable growth. This often involves increasing revenue, managing costs effectively, and making strategic investments. Additionally, firms aim to maintain a competitive advantage in their market while fulfilling customer needs. Ultimately, the success of a private firm is measured by its financial performance and market position.
making profits on sales
making profits on sales
Making profits on sales
making profits on sales
A profitable organization refers to an organization that is run with the purpose of making profits. A non-profitable organization on the other does not making any profits and mostly depends on donors for their operations.