When best buy and sears engage in a price war on maytag appliances, <u>Horizontal</u> channel conflict can occur.
<h3>What is Horizontal channel conflict?</h3>
Horizontal channel conflict can be defined as the type of conflict that arise when their is a conflict or a disagreement among members that are a similar level of a distribution or marketing channel.
Example when two retailers compete against each other or when two producers compete against each other.
Therefore When best buy and sears engage in a price war on maytag appliances, <u>Horizontal</u> channel conflict can occur.
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Answer:
The demand of a product may increase due to several factors, including a decrease in the product's price, an increase in the price of the competition (substitute products), a decrease in the price of complement, or an increase in consumer income.
The company can only control the price they charge for the product, but they do not control the other external factors. If the supplier is able to increase the quantity supplied, the equilibrium price might not vary at least in the short run. If the external factors continue then the equilibrium will probably increase.
If the quantity demanded for Colgate increases, but the supplier is not able to increase the quantity supplied, then the equilibrium price will increase due to a shortage of the product.
Answer:
private prison enterprise
Explanation:
A public jail is not a profit-generating enterprise. The eventual objective is to house jailed prisoners in an effort to rehabilitate them or remove them from the streets. A private jail, on the other hand, is administered by a business. That corporation’s final purpose is to profit from everything they deal in.
In order to generate money as a private jail, the firm gets into a contract with the government. This contract should indicate the basis for payment to the company. It might be based on the size of the jail, based on a monthly or annual predetermined sum, or in most situations, it is paid depending on the number of convicts that the prison holds.
As of 2019, there are around 116,000 inmates detained in private prisons, which constitutes 8 percent of the overall federal and state prison population.
Many of these jails save the government money, but others actually cost more per prisoner than a public institution would cost.
Answer: $500
Explanation:
Interest for the period = Amount borrowed * Interest rate * 120/360 days
= 15,000 * 10% * 120/360
= $500
