Answer: Option (D)
Explanation:
Predatory pricing which is also known as or also referred to as undercutting, which is described a the pricing strategy under which a commodity, service or product is provided at a low price with an intention in order to achieve the market of new customers , or can also be implemented in order to drive the competitors out of the current market/area , also to enforce the barriers to exit and entry for the new competitors.
"The cost of creating an email campaign for a product or a service is typically more expensive and takes longer to conduct than a direct-mail campaign" is FALSE.
Option: B
Explanation:
Email campaigning is the practice of mailing out a promotional message via online, usually to a collection of people. Each email sent to a prospective or existing client may be regarded email advertising in its purest sense.
It automatically sends ads, soliciting business, or soliciting sales or donations via email. This process is faster than direct-campaign, because direct is time taking and hectic. Require huge manpower and not that effective as e-mailing, as people are more active and available too in online than offline.
B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
C. Bill is willing to pay $10 for a pound of clay. If he buys a pound of clay at a market price per pound of $5, his consumer surplus is $2.
D. Total consumer surplus is represented graphically by the area above the demand curve.
Answer:
B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
Explanation:
As we know that the consumer surplus shows a difference between the maximum price willing to pay for a good or for rendering the service and the market price
In mathematically,
The consumer surplus = Willing to pay - Market price
Therefore, the correct statement is option B as the rest of the statements are wrong.
Final answer:
Making a positive first impression is vital in job seeking as it influences the potential employers' decision to consider the applicant for an interview. This is due to factors such as academic accomplishments, qualifications, and asymmetric information in labor markets. Therefore, presenting an impressive résumé and cultivating a noteworthy personal brand is essential.
Explanation:
Making a good first impression
on potential employers is indeed essential to securing employment. This is particularly evident in job fairs, where employers often pre-screen candidates and may devote only a few seconds to looking at each résumé. In this brief moment, they need to be convinced to continue reading and consider interviewing the candidate.
Factors that may influence their decision include the candidate's career goals, academic accolades, and qualifications.
Asymmetric information
exists in labor markets because employers cannot observe many key employee attributes until after the person is hired. Hence, they often seek schools for pre-screening and are likely to prefer candidates who have degrees. They also view awards and high GPAs as signals of hard work and ability.
Interestingly, a study by Gilmore and Ferris (1989) also confirmed the significant effect of
applicant impression management tactics
on interviewer judgments, further justifying the importance of first impressions. Therefore, to secure employment, one should work towards presenting an impressive résumé and developing a noteworthy personal brand.
Learn more about First Impressions in Job Seeking here:
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b. make a profit with the business
c. ignore customer satisfaction
d. be able to promote the business
Answer: (C) Ignore customer satisfaction
Explanation:
All of the above given options are correct for the successful business except Option (C) as ignoring customer satisfaction is one of the disadvantage in the business.
The customer satisfaction is the important factor in the business as it basically promotes the customer retention. If the customer get satisfied with the products and services which is provided by you then, it automatically increase the productivity.