Price ceiling are measure employed by government to help the consumers by mandating a maximum price that the seller must charge for a product or service.
- The measure of imposing price in market are rare but are notably used during natural disasters.
- Price ceiling helps to prevent the producers from exploiting the consumers.
In conclusion, the major disadvantage of price ceiling is that when a price ceiling is set below the equilibrium price, the quantity demanded will exceed quantity supplied, thus, this will result to excess demand of goods and shortage in the market.
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Answer:
1. Continue to serve every dog that is brought to Bow Wow as well as possible, since customer service is a high priority and 2. Identify this as a threat and adopt a more rigorous screening process before accepting dogs, as well as charge more for dogs who have had a behavioral incident during a previous stay.
Explanation:
Bow Wow has as its best quality in the market the ability to treat well challenging dogs. This is what makes Bow Wow different. Focusing on not losing that characteristic, it would be paramount to maintain the ability to serve every dog as best as possible. Even the challenging ones. However, it is not wise from a business point of view to charge the same from dogs that have very different degrees of attention needs. Hence, it would be proper to charge more from the owners who have more difficult dogs. As Bow Wow will not lose its reputation, those owners will see that its worth the extra cost at the same that its not possible to bring to another daycare.
Answer:
show them the steps to put the item together
Explanation:
Emphasizing your qualifications or adding new information.
People bought more goods and created high demand for new products