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If a monopolistically competitive firm is making profits, how is it able to maintain its competitive edge in the market?
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.
Of what benefit to consumers is a firm's competitive advantage?
Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.
What is the most effective price competition strategy for gaining a competitive edge in the market?
The most effective price competition strategy for gaining a competitive edge in the market is implementing a dynamic pricing strategy. This involves adjusting prices in real-time based on factors such as demand, competition, and market conditions to maximize profits and stay ahead of competitors.
How does a perfectly competitive firm ensure its profitability in the long run?
A perfectly competitive firm ensures its profitability in the long run by maximizing efficiency, minimizing costs, and continuously adapting to market conditions to maintain a competitive edge. This includes optimizing production processes, pricing strategies, and staying responsive to changes in demand and competition.
What is meant by the term competitive pricing?
In simple terms, competitive pricing is seeking to obtain sales through offering lower prices than your competitors. More commonly, prices are similar across competitors who battle for an edge in the quality of their offering for that price through service or extras.
When did Competitive Edge Motorsports end?
Competitive Edge Motorsports ended in 2006.
When was Competitive Edge Motorsports created?
Competitive Edge Motorsports was created in 2004.
Definition of competitive edge?
the intensity of desire or enjoyment
What are the release dates for Extreme - 1995 Competitive Edge 1-5?
Extreme - 1995 Competitive Edge 1-5 was released on: USA: 23 March 1995
What kind of stress reduces a competitive edge?
uncontrolled stress
What kind of stress provides a competitive edge?
Controlled stress
What are the release dates for The Rockford Files - 1974 The Competitive Edge 4-19?
The Rockford Files - 1974 The Competitive Edge 4-19 was released on: USA: 10 February 1978
Can competitive sports push you over the edge?
no but your poor sexual life can..
Will edge regain the championship belt?
The answer depends on the decision of WWE official and storyline writers. Depending on there opinonion of Egde's ability to regain the title, and whether he can fulfill there expectations once more.
Is mark foster swimmer married?
No, he prefers celibacy to maintain a competitive edge.
How would you ensure that you acquired new skills to maintain your competitive edge?
wewewe
Why bevelling is done?
Beveling is done to proved an smooth tapered edge. This will be done to an edge for the sake of safety or to decrease the amount of wear on the surface.
