decrease is the best choice for this question
The experience curve suggests that cutting prices is a good strategy if it can induce greater demand and thereby help a firm travel down the experience curve faster.
A. if it can induce greater demand and thereby help a firm travel down the experience curve faster.
Explanation:
The experience curve is a graphical representation expressing the relationship between the experience in producing a product and efficiency of production.
The concept of experience curve was first developed by Bruce D. The experience curve depicts that increase in experience of production of the product can cause reduction in price of production of the product. The price reduction of the good can cause increase in demand.
Gaining the experience in the business can help in increasing the advantage over the competition.
Answer:
None take all 3 languages
Explanation:
I take the number of students who at least take 2 languages and by comparing with the different possibilities make the operation.
Let 18 take spanish and french
Then 42-18=24 take only spanish
40-18=22 take only french
41 take only German
18+24+22+41=105
None take all 3 languages
B. consumers only.
C. consumers or producers.
D. neither consumers nor producers.
It should be noted that in the market, actions known as incentives affect
C. consumers or producers.
incentive can be regarded as any items or thing that is been used in motivating or drives action from someone.
In the market, once the producer can offer some incentive, the the consumer will be motivated to buy his product.
Therefore, option C us correct
Learn more about incentive at:
Answer:
Overconfidence.
Explanation:
Overconfidence refers to the phenomenon that an individual's confidence in their decisions is higher than the accuracy of these judgments. It is determined by the differences in subjective judgment about answers is compared with the objective accuracy of those answers. It is explained by two classes of explanations:
a) differences in information processing.
b) effects of judgmental error.
Answer:
The Blind area
Explanation:
In the example, Patrice does not fall under the open area, because she wouldn't be shifted back and forth, it can't be called hidden area, because is a personal part of her in which her classmates don't know about.
It also cannot be called an unknown area that would imply whatever was happening to her, her classmates was not aware, including her.
Obviously she is under the blind area.
b. Burma
c. Somalia
d. Iran