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Afina-wow [57]
1 year ago
7

Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t

o produce a Tweety Bird tattoo. Assume for simplicity that fixed costs are zero and that Dumphy and Funke perform identical work. For a while, there was too much demand for Funke and Dumphy to handle and they both charged $200 for a tattoo. But recently, demand has dropped significantly and there is not enough work for both to fill their days at any price. However, there is some demand at all prices. What type of competition would Funke and Dumphy likely engage in after the decrease in demand
Business
1 answer:
Soloha48 [4]1 year ago
8 0

Answer: price competition

Explanation:

The type of competition would Funke and Dumphy likely engage in after the decrease in demand is price competition.

Price competition simply means when the companies in a particular industry lower their prices afsubst the prices of identical products in order to boost demand and sales.

Since there's a reduction in demand, Dumphy and Funke will engage in price competition to boost sales.

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Historians remind us that standardization of components -- of interchangeable parts -- was an innovation that did not occur unti
Lynna [10]

Answer:

The economic impact of standardization of components of interchangeable parts is <u>quality guarantee, productivity boost, and improved personnel performance.</u>

Explanation:

Standardization of components means that all the activities in your firm have an established, time-tested process to use.

Standardization is the process of developing, promoting and possibly mandating standards-based and compatible technologies and processes within a given industry. Standards for technologies can mandate the quality and consistency of technologies and ensure their compatibility, inter-operable and safety.

standardization of components of interchangeable parts was an innovation that did not occur until the very end of the 18th century and when it finally took off, gave rise to quality control and assurance.

6 0
1 year ago
Nordstrom employees know exactly what is expected of them. The​ company's core values are so widely held and shared that they pr
Ilya [14]

Answer:

Strong culture

Explanation:

A strong culture can be described as the various values, practices and techniques that greatly effects the employees behaviour.

The presence of a strong culture in an organization enables the employees and management to know what is expected of them to maintain the smooth running of the organisation.

Nordstorm employees know what is expected of them in the company, they know what procedures to follow at each time to ensure that the business moves in the right direction.

6 0
2 years ago
Read 2 more answers
A college math department consisting of 9 faculty members must choose a department head, an assistant department head, and a fac
loris [4]
<span>The department consists of 9 members but they must select a department head, an assistant department head, and a faculty senate representative. So they are 3 positions to be occupied by 9 people. It can be done in nPr = n! / (n - r)! ways.
   So 9C3 ways. 9! / (9-3)! = 9! / 6! = 504 ways</span>
4 0
1 year ago
Smart Manufacturing budgeted costs for 50,000 linear feet of block are: Fixed manufacturing costs $24,000 per month Variable man
Gekata [30.6K]

Answer:

$664,000

Explanation:

The computation of the budgeted total manufacturing cost is shown below:

Budgeted total manufacturing costs is

= Fixed cost + Variable cost

= $24,000 + ($16 × 40,000 linear feet of block)

= $24,000 + $640,000

= $664,000

We simply added the fixed cost and the variable cost so that the total budgeted manufacturing cost could come

3 0
1 year ago
Giving a retailer an incentive to sell your product/service is the responsibility of which of the marketing mix?
likoan [24]

It depends on the contract. But it's mostly what seller do  ...

6 0
2 years ago
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