answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why consumer prefer to purchase goods from Super Market?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Can India be an economic super power by next ten years?

No foolIt is a fast developing country going to be one of the leading global SUPER powers in this decade as per the study and reports of World Bank and other UN AgenciesIndia has the potential to become a global economic super power by 2020, next to China as per reports of World Bank and other UN Agencies. The present growth rate of 6-6.5% is still a matter of envy to many western countries who are vying for capturing the vast middle class consumer market of India. Even the U.S. President sent his emissary to Indian Prime Minister to pursue his Government's allies to give consent to FDI in retail trade. The huge human resources of India,if properly utilized, can do miracle in accelerating the rate of growth to a cherished figure of 8.5-9.0%.


What is the formula for evaluating a business' goodwill?

Goodwill (by Average profit Method) = Average profit X No.of years purchaseGoodwill(by Super profit method) Normal profit = Average capital employed X Normal rate of return / 100Super profit = Actual profit- Normal profitGoodwill = Super profit x Number of years purchase (usually specified in question)


Which regions of India have benefited the most from economic growth?

Super super hahaha


What are the advantages and disadvantages of natural monopoly market structure?

Oligopoly involves market domination by a few firms.The abuse of market power, especially in pricing and output decisions, is typically associated with oligopoly, which is why many competition authority investigations involve the study of the behaviour of a small number of firms (often two in a merger) within a market.The internal relationships of firms in oligopoly involve constant scrutiny of the behaviour, or predicted behaviour, of others, and an attempt to keep, or maintain, a market advantage.Acting alone can lead an oligopolist into market danger, so there is a constant temptation to form 'agreements', either formal or informal, with other firms to reduce uncertainty.


Why does a monopoly produce less and charge a higher price compared to a competitive market?

According to the cost theory, the profit maximization point happens when marginal revenue crosses with marginal costs. This is due to the fact that al super profits (that exceeds the cost) are harnessed until this point. However, this point where MR=MC does not correspond to the lowest point in the average cost curve therefore resulting in a higher price for a consumer (and welfare loss) In addition, due to the under exploitation of the economies of scale and decrease in revenue, the firm has no incentive to produce further goods in which would reduce its average costs and thus price for the consumers. Please refer to a cost theory graph in order to understand the above gibberish.

Related questions

Where can you purchase buildings insurance from?

There are several places one can purchase buildings insurance from. These places include Money Super Market, Co-operative Insurance, Hiscox USA, and Churchill.


How old do you have to be to purchase food in a super market?

There are no age requirements to buying food in a supermarket. People of all ages need to eat.


Who are Super market beauties why does crash call them that?

Super market beauties


What is the name of the rewards program for Publix Super Market?

The name of the rewards program for Publix Super Market is called GreenWise. The Publix Super Market is a very successful super market that is worth millions of dollars.


How does KFC market their product?

Super super super bad


Where can you buy fresh products?

Consumer's are able to purchase fresh products from farmer's markets, family owned farms, and the organic section located in most major super markets.


When was Super Black Market Clash created?

Super Black Market Clash was created in 1980.


What is the difference between hyper market and super market?

A super market is a grocery store, A hyper market is a store that sells groceries and regular retail merchandise.


What are the disadvantages of super market?

There are disadvantages for both the operator and the consumer. The operator has high space costs for the amount of stock and also the cost of storing items. The consumer does not always get the best customer service or "personal service" and they may question the freshness of produce and meat items.


Where you purchase salik card abu dhabi?

Salik Card can be purchased in Emirates post office Al Ansari Exchange Al Safa Super Market.


What is metro market?

a metro market is like a super market except smaller


Is supermarket a word from market?

I believe it is a large market. i.e. Super Market.