A washing powder seller incurs extra cost in order to give free sample to the customer as a sales strateg
Answers
Explanation:
The ratio of incomes of two persons is 9:7 and the ratio of their expenditures
is 4:3. If each of them manages to save ` 2000 per month, find their monthly
incomes.
(ii) Solve the following simultaneous equations graphically.
x + y = 0 ; 2x – y = 9
(iii) The sum of father’s age and twice the age of his son is 70. If we double the
Answer:
The concept from the example : "A washing powder seller incurs additional costs in order to provide free samples to the customers as a sales strategy" is monopolistic competition (Selling Cost).
Explanation:
Monopolistic competition :
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings. Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing.
There are numerous vendors selling products that are close alternatives for one another in this type of market. Given the wide choice of washing powders on the market, he offers free samples to entice clients to purchase his brand.
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