true
True.
Excess demand in an unregulated market will cause the price of a product to fall. True or False?
that will be false! hope this helps!
An individual producer will try to raise the price of a product when there is great demand for the product in relation to supply in order to gain a profit. Other producers in a perfectly competitive market will then lower their prices in order to attract more consumers to their product. This may still produce a profit if enough consumers buy greater quantities of the product to compensate for the low price. Overall this increases demand for the supply.
false
True.
Excess demand in an unregulated market will cause the price of a product to fall. True or False?
False
False. When a company produces a new drug for the market, it assigns a generic name to the product. After testing and approval by the FDA, the drug company gives the drug a trade name (often something short and east to remember when advertised).
False. The image that a product reflects in the minds of consumers is referred to as "brand perception" or "brand image," not segmentation. Segmentation, on the other hand, involves dividing a market into distinct groups of consumers with similar needs or characteristics.
that will be false! hope this helps!
An individual producer will try to raise the price of a product when there is great demand for the product in relation to supply in order to gain a profit. Other producers in a perfectly competitive market will then lower their prices in order to attract more consumers to their product. This may still produce a profit if enough consumers buy greater quantities of the product to compensate for the low price. Overall this increases demand for the supply.
False
false
False
false
If they're food or drugs, then some combination of the FDA and the USDA. Otherwise it's hard to say; you'd have to specify what kind of product you meant, and it's likely not so much a matter of "allowing it on the market" as not shutting them down for false advertising or mislabeling the product.