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1 year ago

- A service and physical good are similar in terms of uniformity of inputs. Group of answer choices TRUE FALSE

1 answer:

7 0

The correct answer to the given statement that "A service and physical good are similar in terms of uniformity of inputs" is:

False

This refers to the physical item which has value and can be bought and sold in a market place.

With this in mind, we can note that a service has to do with the non physical value driven thing which is rendered based on demand and this service and physical goods are NOT SIMILAR in terms of uniformity of inputs because the manufactures does not have more control on the amount of variability.

Read more about goods and services here:

brainly.com/question/25262030

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yaroslaw [1]

Answer:

B. Focused on differentiation strategy

Explanation:

In the differentiation focus strategy, the business target a small number of high-end clients. The business attempts to outperform its competitors by offering a perceived superior product or service. In adopting differentiation focus, the company aims to create strong brand loyalty from its customers.

As clients pay a premium amount, a business must ensure its stays ahead of the competition by offering unique products and exceptional customer service.

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When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell A) the ou

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Answer: When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell D. nothing at all; the firm shuts down.

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2 years ago

If the demand for a good falls when income falls, then the good is called a. a normal good. b. an ordinary good. c. a regular go

vladimir1956 [14]

Answer:

A. a normal good is the answer.

Explanation:

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2 years ago

An individual with ______ has a high degree of skill or knowledge in a subject.

Mila [183]

Answer:

An expert, more generally, is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.

Explanation:

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1 year ago

Read 2 more answers

In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazine

rodikova [14]

Answer:

$2.5

Explanation:

Given:

Number of sandwiches in basket = 20

Number of magazines in basket = 30

cost of sandwiches in 2006 = $4

Cost of magazines in 2006 = $2

cost of sandwiches in 2007 = $5

Consumer price index in 2007 = 125

Now,

Consumer price index = $\frac{\sum(p_1q0)}{\sum(p_0q0)}\times100$

125 = $\frac{20\times\$5+30\times X}{20\times\$4+30\times\$2}\times100$

here,

X is the price of magazines in 2007

thus,

125 = $\frac{\$100+30\times X}{$80+$60}\times100$

1.25 × ($80 + $60 ) = $100 + 30X

30X = $175 - $100

X = $2.5

Hence,

The price of magazines in 2007 was $2.5

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3 years ago