Question

A perfect competition is desired because
A) no single business has a significant impact on quality, price or supply for a given product
B) each business contributes the same amount toward the gross domestic product(GDP) for a given product
C)there are many sellers vying for the buyers in a given market
D) there are a small number of sellers, each with substantial market share, vying for the many buyers in a market

Answer 1

Is it A?

Answer 2

Yes, A.

Answer 3

Analyzing the Business Environment

1. A perfect competition is desired because
A, no single business has a significant impact on quality, price, or supply for a given product.

2. In the product development process, marketers should treat their supplies
C, as partners to ensure product success

3. Companies are using social media in their marketing strategies to allow
B, two-way conversations with customers and prospective customers

4. The purpose for applying for a patent is to protect the company's right to
A, produce and sell an invention

5. Understanding a target customer base allows a company to
C, create a marketing strategy that is tailored for a particular group of consumers

6. Consumer markets consist of
C, households that buy goods for personal consumption

7. Which of the following is not a possible supplier impact on product development?
D, under-budgeting supply costs

8. The significant increase in __________ marketing has forced on companies a new set of social and ethical issues that focuses primarily on privacy issues.
D, Internet

9. Which of following is a criticism of cause-related marketing?
A, cause-related marketing is more of a strategy for selling than giving

10. Which of the following is not a customer market targeted by companies?
A, cultural markets

Answer 4

ayo,aaureliax you are a God bro

Answer 5

AAureliax, you are correct except for question 1. It is B, each business contributes the same amount toward the gross domestic product(GDP) for a given product.

Answer 6

thank you for the actuall help

Answer 7

sus

Answer 8

Aaureliax is right except for the first one:
A perfect competition is desired because
b) each business has a significant impact on quality, price, or supply for a given product

Answer 9

Thank you so much I wanna cry, you don't know how much I needed this :')