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What insights can be gained from analyzing the social cost graph of a particular industry or product?
Analyzing the social cost graph of an industry or product can provide insights into the externalities and impacts on society beyond just the financial costs. It can help identify hidden costs, such as environmental damage or health consequences, and inform decision-making to address these issues for a more sustainable and equitable future.
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Difference Industry demand and Company demand?
firstly group of firms make industry when demand of particular product faced by all companies producing that product or its substituates it is called industry demand like pipe industy effected by shortage of steel
What factors determine the market structure of a particular industry?
there are four factors that determines the market structure of a particular industry they are: number of buyers and sellers information and mobility the nature of product. entry and exit of a firm from market.
What are the demand questions that need to be addressed in order to understand the market trends for this product?
To understand market trends for a product, it is important to address demand questions such as: What is the current demand for the product? What factors influence consumer demand? How does pricing affect demand? Are there any emerging trends or changes in consumer preferences impacting demand? By analyzing these questions, businesses can gain insights into market trends and make informed decisions.
What will a decrease in the price of a particular product result in?
A decrease in the price of a particular product will result in higher demand. It may also result in shortages if the product cannot be produced fast enough for consumers.
What was the first major product of the oil industry?
Kerosene
Does industry and factory mean the same?
No, a factory produces a product; while an industry refers to the product and all the factories that produce that particular product.
What are companies that have complete control over a particular product or industry?
in control
What dose industry mean?
the aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principal product: the automobile industry; the steel industry
What dose industriation?
the aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principal product: the automobile industry; the steel industry
Difference Industry demand and Company demand?
firstly group of firms make industry when demand of particular product faced by all companies producing that product or its substituates it is called industry demand like pipe industy effected by shortage of steel
What factors determine the market structure of a particular industry?
there are four factors that determines the market structure of a particular industry they are: number of buyers and sellers information and mobility the nature of product. entry and exit of a firm from market.
What is meant by verticals and horizantals in any industry?
The customers in a vertical market come from one specific industry, and use a particular product for different things. In a horizontal market, customers come from various industries, but all use a product for the same purpose.
What is the side product of soap industry?
Glycerol is the side product of the soap industry.
What is meant by competitive pricing?
The concept behind this frequently used pricing objective is to simply match the price established by an industry leader for a particular product.
What is the major by product in soap industry?
Glycerol, the most common and important By product of soap industry.
What is mean by industry?
Industry is always a noun.Industry = the production of goods from raw materials, especially in factories/ the people and activities involved in producing a particular thing, or in providing a particular service:New Zealand has a thriving tourist industry
What is the meaning of feeder industry?
An industry which provides their finished product to other industries as their base product or raw material are known as " Feeder Industry "
