The free market economic system has both benefits and problems. Discuss the key market imperfections that exist and in particular highlight the imperfections that the Australian Government should have a role in addressing. Include reasons as to why the Australian Government should address these imperfections.
Answers
The free market economic system has some benefits, but it also has imperfections. To improve market efficiency, the government should have a role in addressing market imperfections, which include public goods, externalities, and market power.
The free market economic system is characterized by a lack of government interference, which promotes economic growth and resource allocation. However, the market system has several market imperfections that limit its efficiency, such as public goods, externalities, and market power. Public goods are non-excludable and non-rivalrous in consumption, which means that they are provided for free. As a result, the private sector has no incentive to produce them, and the government must intervene to provide them. National defense and law enforcement are examples of public goods. Externalities are costs or benefits imposed on third parties by economic activities.
For example, a manufacturing plant may emit pollution that harms the environment and local communities. The private sector does not account for externalities, and the government must intervene to correct them. Market power is the ability of a firm to raise prices above competitive levels. Monopolies, oligopolies, and cartels are examples of market power. The government must intervene to promote competition and prevent market power.Australian Government should address these imperfections because they reduce market efficiency and result in market failure. As a result, the government must intervene to promote the welfare of citizens and ensure economic efficiency.
Know more about economic system, here:
https://brainly.com/question/27630988
#SPJ11
Related Questions
Two paragraphs for full credit.
What does mission statements do for your companies? If you had a business, what would be the mission statement and why? Go in-depth.
What significance does organizational charts have? Explain why everyone having an assigned role matters for a company.
Answers
Answer:
1. Companies can benefit from having a mission statement. First, it outlines a company's goals and position in the industry for its customers, competitors, and other stakeholders. It also helps the organization focus and stay on track to make the right decisions about its future.
Furthermore, the mission statement helps clarify a company's purpose. With a mission statement, a company's customers and investors can rest assured that the company is fully committed to achieving its goals and maintaining its values. It is also useful to guide and motivate employees, keeping them in line with the company's values.
Last, a mission statement adds validity to an organization. From the outside looking in, a mission statement demonstrates that a company has considered the big picture and the major goals it wants to accomplish. It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors.
There are drawbacks to having a mission statement. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected.
A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true? Select one: A. The manufacturer has effectively reduced its operating costs by outsourcing its activities. B. The manufacturer has sacrificed quality by using a lower-cost input. C. The manufacturer has efficiently capitalized on the experience and learning-curve effects within the company. D. The manufacturer has effectively used vertical integration to increase its bargaining position and reduce transaction costs. E. The manufacturer has enhanced utilization by allowing depreciation and other fixed costs to be spread over a larger unit volume.
Answers
Answer:
The correct answer is the option D: The manufacturer has effectively used vertical integration to increase its bargaining position and reduce transaction costs.
Explanation:
To begin with, when the company decided to buy a potato's farm it has successfully engaged into vertigal integration due to the fact that now they owned a business that is in a lower position than them with the purpose to embrace more of the industry thanks to the fact that now they have the most important resource secure for the production and that is why that they will no longer need to go to another farm. Moreover, with that action they will obviously reduce its transaction costs because now they owned the business who gaves them their primary commodity.
What is a negative consequence of making a lobbying cause public?
Answers
However, lobbying can also lead to undue influence, unfair competition and regulatory capture to the detriment of the public interest and effective public policies. A sound framework for transparency in lobbying is therefore crucial to safeguard the integrity of the public decision-making process.
What is a lobbying ?The word "lobby" literally refers to an entrance hall in a hotel, a public structure, such as Congress, or any other. But in a specific lobby or entrance hall in 1640, its connotation as "pressure group" was first introduced.Meetings with lawmakers or their staff to discuss certain bills are examples of direct lobbying. Composing a bill or negotiating its provisions. Chatting with lawmakers' staff about the likely content of legislation.Lobbying Forms. Depending on the subjects that organised interests support and the people they aim to sway, there are many different styles of lobbying. Berry (1977) categorised different types of lobbying into three main groups: direct lobbying, grassroots lobbying, and electoral lobbying.To learn more about lobbying refer to:
https://brainly.com/question/29613008
#SPJ4
3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answers
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
you have spent $1,000 building a hot-dog stand based on estimates of sales of $2,000. the hot-dog stand is nearly completed, but now you estimate total sales to be only $800. you can complete the hot-dog stand for another $300. should you complete the hot-dog stand? (assume that the hot dogs cost you nothing.)
Answers
I have spent $1,000 building a hot-dog stand based on estimates of sales of $2,000. the hot-dog stand is nearly completed, but now you estimate total sales to be only $800. you can complete the hot-dog stand for another $300. should you complete the hot-dog stand? yes
What does the term "hotdog" mean?A company that sells hot dogs, typically from an outside counter, is called a hot dog stand. A hot dog stand might be found on a busy street, close to a stadium, within a mall, or at a fair. Major American cities' streets frequently contain them.
Is a hot dog stand successful?Like a retail establishment, location is crucial for hot dog carts because their revenue is primarily dependent on foot traffic. Having said that, a hot dog stand can be highly successful. A recent ABC News piece claimed that a year-round hot dog vendor might make six figures of income.
How much money do NYC hot dog stands make?Owners of hot dog stands make an annual profit of roughly $100,000 (R1. 34 million) thanks to heavy foot traffic, extended hours, and the low cost of producing a hot dog. New York City hot dog stand.
To Know more about stadium
https://brainly.com/question/20213449
#SPJ4
what is construction production
Answers
Answer:
The production in construction index is a business-cycle indicator which measures the monthly changes in production of buildings (residential and non-residential) and of civil engineering (roads, railways, bridges, tunnels, utility projects).
why might it be difficult to measure success using market share?
Answers
Answer: Certified answer
Explanation: Measuring success using market share may be difficult for several reasons. One reason is that market share does not take into account the profitability of a business. A company may have a high market share but still have low profitability due to high costs or low margins. On the other hand, a company with a low market share may be highly profitable due to low costs and high margins.
Another reason why market share may not be a reliable measure of success is that it does not consider the size of the market itself. A company may have a high market share in a small market but still have lower revenues and profits than a company with a smaller market share in a larger market.
Moreover, market share may not account for other important factors such as customer satisfaction, brand reputation, and innovation. A company with a high market share may be losing customers due to poor customer service or a negative brand reputation, which could lead to a decline in future sales.
Finally, market share can be affected by external factors such as changes in the market or economic conditions, which can make it difficult to maintain or increase market share even if a company is performing well in other areas.
Therefore, while market share can be a useful indicator of a company's competitive position, it should not be the only measure used to assess success.
Answer:
Measuring success using market share can be difficult for several reasons:
Market growth: Even if a company's market share remains the same or increases, it does not necessarily mean the company is successful. This is because the overall market might be growing, and other companies may be gaining market share at a faster rate. So, even though a company's market share might increase, its actual sales and revenue might be decreasing.
Market saturation: In mature markets, it may be challenging for a company to increase its market share significantly. This is because the market is already saturated, and there is limited room for growth. In this case, measuring success based solely on market share may not be an accurate representation of a company's success.
Fragmented markets: In fragmented markets with many small competitors, market share might not be an accurate measure of success. This is because a company's market share might be small, but it could still be profitable and successful.
Different market segments: A company might have a large market share in one segment of the market but be relatively insignificant in another segment. In this case, measuring success based on overall market share might not provide an accurate picture of the company's success in specific segments.
Price competition: A company might increase its market share by lowering prices, but this strategy might not be sustainable in the long term. In this case, measuring success based on market share might not be an accurate reflection of the company's profitability or overall success.
Therefore, while market share is an essential metric for companies, it should not be the sole measure of success. Other factors such as profitability, customer satisfaction, and brand reputation should also be taken into account when measuring success.
The current price of a stock is 300. The volatility is of the stock price is 50% per annum. There is a dividend of $15 to be paid in 3 months (assuming that the ex-dividend date is the same as the dividend payment date). The continuously compounded risk-free rate is 5% per annum. What is the price of a six-month call option with a strike price of $290 based on the Black-Scholes-Merton model?
Answers
The price of a six-month call option with a strike price of $290 based on the Black-Scholes-Merton model is -$112.47.
According to the given problem,
Stock price = $300
Volatility = 50%
Annual dividend = $15
Expiry time = 6 months
Strike price = $290
Risk-free rate = 5%
Applying the Black-Scholes-Merton Model, the formula to find the price of a six-month call option is as follows:
Call Option Price = S0 N(d1) - PV(K) N(d2)
where,
Call Option Price = Price of the call option
S0 = Current stock price
N(d1) = Cumulative normal distribution function of d1
N(d2) = Cumulative normal distribution function of d2
PV(K) = Present Value of Strike price at risk-free rate of interest
d1 = [ln(S0 / K) + (r + σ²/2)t] / [σ√t]
d2 = [ln(S0 / K) + (r - σ²/2)t] / [σ√t]
Here,
σ = Volatility of the stock price per annum
r = Continuously compounded risk-free rate of interest
t = Time to maturity
K = Strike price of the call option
S0 = Current stock price
PV(K) = K * e^(-rt)
S0 = $300
K = $290
t = 6 months = 0.5 years
σ = 50%
r = 5%
Applying the formulae and putting the given values in it, we get:
d1 = 0.6329
d2 = 0.4273
N(d1) = 0.7354
N(d2) = 0.6651
PV(K) = 290 * e^(-0.05*0.5) = $279.38
Call Option Price = S0 N(d1) - PV(K) N(d2)
Call Option Price = $300 * 0.7354 - $279.38 * 0.6651
Call Option Price = $73.54 - $186.01
Call Option Price = -$112.47
Learn more about stock price at:
https://brainly.com/question/32244433
#SPJ11
Moderate consumption of beer has been linked with reduced risk of osteoporosis, because of beer's silica content
Answers
The silica content in beer has been suggested to contribute to its potential role in reducing the risk of osteoporosis.
Silica is a mineral that is important for bone health, as it helps to stimulate the production of collagen, which is a key component of bone tissue. Moderate beer consumption has been linked with increased bone mineral density, which is a key indicator of bone health. However, excessive alcohol consumption can have the opposite effect, increasing the risk of bone loss and osteoporosis.
Therefore, while the silica content in beer may have some potential benefits for bone health, it is important to consume alcohol in moderation and to consider other lifestyle factors that can help promote bone health.
Learn more about silica content.
https://brainly.com/question/15393639
#SPJ4
Complete Question:
How does the silica content in beer contribute to its potential role in reducing the risk of osteoporosis, and what is the nature of the relationship between moderate beer consumption and bone health?
Which is NOT something you should look for in a savings account?
a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate
Answers
Answer:
b) Rewards for using your debit card
Explanation:
If it’s a saving account why would I using my debit?
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions. Online Content: Site 1 According to this site, what are different types of schools one can consider, when looking into schools that may have programs that match their interests? (Site 1)
Answers
There is a veriety of different schools one can look into, to find programs to focus on a certain subject. There are public schools, that is a broad range of subjects, then there are private schools, that supposable have the top learning, but you can also choose one to fit your interests. There is also charter schools, that is a bit of a mix between public and private schools, they also may tailor to certain interests, or subjects.
gave me 100 on ed 2021
point) Andrea is a preschool teacher. She works with three- and four-year olds every day from 9am to 3pm. She does not work over the holidays. This is an example of a
traditional career
entrepreneurship
remote worker
non-traditional career
Answers
Answer:
traditional career
Explanation:
Since in the given situation Andrea who is a preschool teacher and wants to work with 3-4 years old everyday having a shift of 9 am to 3 pm. Moreover, she does not work in the holidays, so this is an example of a traditional career as she is a preschool teacher so it defines the traditional career
Hence, the other options would be incorrect
What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answers
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
a company has never paid a dividend and has no plans to do so.
It announced a 1-for-25 stock split to be taken into effect in
August. PTN was trading at $0.23/share in August just prior to the
stock s
Answers
A company that has never paid a dividend and has no plans to do so has announced a 1-for-25 stock split to be taken into effect in August. The new price per share would be $0.23/25 = $0.0092/share.
PTN was trading at $0.23/share in August just prior to the stock split. A stock split is a corporate action that reduces the price of a single share of stock by increasing the number of shares outstanding. The value of the shareholder's total investment remains unchanged before and after the stock split. A 1-for-25 stock split implies that each shareholder receives one additional share for every 25 shares they own.
This means that the number of shares in circulation will increase, but the total value of the shares will remain the same. As a result, PTN's share price will be reduced after the stock split. In August, PTN was trading at $0.23/share prior to the stock split. After the stock split, the company's shares outstanding would increase by a factor of 25. As a result, the price per share would be reduced by a factor of 25.
To know more about the dividend, visit:
https://brainly.com/question/27873523
#SPJ11
How many days does the pay stub cover?
Answers
Answer:
Pay stubs are usually an extent of 30 days which is a month.
Advantages of using social media for a business (in terms of customer service)
Answers
P.s. if it’s a case study, make sure to apply :)
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
Pat Buhn is the new owner of Young Co. She has heard about internal control but is not clear about its importance for her business. Explain to Pat the four purposes of internal control, and give her one application of each purpose for Young Co.
Answers
Answer: Physical safeguard & security, Accuracy, Segregation of duties, Handling errors
Explanation:
Internal control could be defined as the process of handling an organization accounting and auditing process with it's specified objectives in compliance with laws, regulations and policies.
Here are the four purpose of internal control;
a) Physical safeguard & security; this is to ensure that physical assets and information have a controlled asses, and it's not easily assessible by anyone.
b) Accuracy: this is to ensure that all transactions are accurate when records are checked with the source of information where the transaction took place and the time it occurred.
c) Segregation of duties; this ensures that one individual cannot have access to the recording of information and processing of transaction.
d) Handling errors; this ensures that errors are checked at any stage with transaction occurred with corrections also made
What states are unitary states?
Answers
Romania, Ireland, Norway, Scotland, Wales, Northern Ireland, Spain, etc are unitary states which means it is a sovereign state where all powers are vested in the central government.
What does unitary state mean?A unitary state is a sovereign state run as a single entity, with the central government acting as the last arbiter of all matters. Administrative divisions may be established by the central government or eliminated (sub-national units). Only the authority chosen by the central government is used by these units.
The central government may annul the acts of devolved governments or limit (or increase) their powers, even if political authority may be transferred through devolution to regional or municipal governments by statute.
To know more about unitary states, visit:
https://brainly.com/question/30047703
#SPJ4
Explain how having an honest conversation about money can affect a person’s ability to take control of their finances.
Answers
Having an honest conversation about money can empower individuals to take control of their finances by increasing their awareness, providing clarity, and fostering accountability.
When people have open and honest conversations about money, they gain a deeper understanding of their financial situation, including income, expenses, debts, and goals. This awareness allows them to identify areas for improvement and make informed decisions.
Honest discussions also provide clarity on financial concepts, strategies, and options, enabling individuals to develop effective plans for budgeting, saving, investing, and debt management.
Additionally, these conversations create a sense of accountability as individuals can seek advice, support, and guidance from others, ensuring they stay on track towards their financial goals and make better financial choices.
learn more about strategies click here;
brainly.com/question/31930552
#SPJ11
in a free market society, the answer to the question about how much to produce is determined by —
Answers
The response to the question of how much to create in a free market system is decided by consumer demand.
Why is it called a free market?The terms of trade, or prices, are established at every stage through the voluntary exchanges of suppliers with demanders. This market is "free" because decisions are made voluntarily and freely at every stage. Consumers have access to products from all over the world thanks to the free market and also the free price system.
Which five examples best describe a free-market economy?Hong Kong, Singapore, New Zealand, Canada, Switzerland, the Netherlands, the United Kingdom, Canada, and Ireland are a few economies that are typically viewed as having a free market. However, ratings of economic liberty differ depending on who is conducting the ranking.
To know more about free market visit:
brainly.com/question/14377149
#SPJ4
It's your lucky day at napili ka sa special promo na ito! Meron kaming handog na FREE 150MB pang-internet, valid for 2 days kapag nag-load ka ng total of P10 bago mag 09/01/2021. Share-A-Load not included. REF#: DTR73
Answers
Personal finance please help me thank youu
Answers
Personal finance is the management of an individual's financial resources. It involves making informed decisions about earning, spending, saving, investing, and managing debt. Proper management of personal finances is essential for achieving financial goals and avoiding financial stress.
The first step in managing personal finances is creating a budget. A budget helps individuals to track their expenses and income and ensure that they are spending within their means. It is essential to prioritize expenses and allocate resources accordingly. This involves distinguishing between needs and wants and making necessary adjustments. Savings are a crucial aspect of personal finance. Individuals should aim to save at least 10% of their income to build an emergency fund and save for long-term goals.
Saving requires discipline and consistency, and it is essential to develop a savings plan that is achievable. Investing is another critical aspect of personal finance. Investing helps individuals to grow their wealth and prepare for future financial needs. It is crucial to research investment options and diversify investment portfolios to minimize risks. Managing debt is also essential for personal finance. Individuals should aim to minimize debt and pay off high-interest debts first. It is important to avoid accumulating unnecessary debt, such as credit card debt, which can quickly spiral out of control.
For more such questions on finance
https://brainly.com/question/30974056
#SPJ11
mccabe corporation is expected to pay the following dividends over the next four years: $11, $7, $6, and $3.50. afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. if the required return on the stock is 14 percent, what is the current share price?
Answers
The current share price of McCabe Corporation is $40.08.
To calculate the current share price of McCabe Corporation, we need to find the present value of all the expected dividends and the expected stock price at the end of the fourth year. Then, we can sum up these values to get the current share price.
First, let's find the present value of the dividends for the first four years:
PV of Dividend Year 1 = $11 / (1 + 0.14)^1 = $9.65
PV of Dividend Year 2 = $7 / (1 + 0.14)^2 = $5.47
PV of Dividend Year 3 = $6 / (1 + 0.14)^3 = $3.50
PV of Dividend Year 4 = $3.50 / (1 + 0.14)^4 = $1.78
Next, we need to find the expected stock price at the end of the fourth year. To do this, we can use the constant growth rate formula:
Expected Stock Price = Dividend at Year 5 / (Required Return - Growth Rate)
Expected Stock Price = $3.50 * (1 + 0.04) / (0.14 - 0.04) = $38.50
Now, we can calculate the present value of the expected stock price at the end of the fourth year:
PV of Expected Stock Price = $38.50 / (1 + 0.14)^4 = $19.68
Finally, we can sum up the present values of the dividends and the expected stock price to find the current share price:
Current Share Price = PV of Dividends + PV of Expected Stock Price
Current Share Price = $9.65 + $5.47 + $3.50 + $1.78 + $19.68
Current Share Price = $40.08
So the current share price of McCabe Corporation wil be $40.08.
To learn more about dividend, refer below:
https://brainly.com/question/29510262
#SPJ11
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Suppose the real gdp growth rate is 3.5 percent and the growth rate of the population is 1.4 percent. the real gdp growth per capita must be equal to:_____.
Answers
The real GDP growth per capita must be equal to 2.1% between 3.5%-1.4%.
GDP increase charge in the u.s.a. averaged three.17 percent from 1947 until 2022, attaining an all-time high of 33.8 percent inside the third region of 2020 and a record low of -31.20 percent within the second quarter of 2020.
The GDP increase charge measures how fast the economic system is growing. It does this by means of comparing u. s .'s gross home product in a single region with that in the previous one, and with the identical quarter of the previous year. The GDP growth price is pushed by means of GDP's 4 components.
GDP measures the monetary value of final items and offerings—that is, the ones that can be sold by the very last user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a rustic.
Learn more about the GDP growth here:https://brainly.com/question/1383956
#SPJ4
A writing can consist of any order confirmation, invoice, sales slip, check, fax, or e-mail, or such items in combination. a. True b. False.
Answers
True. A writing can consist of any order confirmation, invoice, sales slip, check, fax, or e-mail, or such items in combination.
The statement is true. In business and commercial transactions, a writing refers to any document or communication that provides a record or evidence of the transaction. It can take various forms, including order confirmations, invoices, sales slips, checks, faxes, emails, or a combination of these items.
Order confirmations are written acknowledgments of an order placed by a customer, detailing the products or services requested, quantities, prices, and other relevant information. Invoices are documents sent by sellers to buyers, specifying the amount owed for goods or services provided. Sales slips are typically used in retail settings to record the details of a sale, including the items purchased, prices, and payment method.
Checks are written instruments used to authorize the transfer of funds from one party to another. Faxes and emails can serve as written communication, conveying information, agreements, or confirmations related to a transaction.
Therefore, any of these items or a combination thereof can be considered a writing in the context of business transactions, providing a documented record of the transaction for reference and legal purposes.
Learn more about sales slip here:
https://brainly.com/question/13136039
#SPJ11
(i) Explain Three benefits and three disadvantages of
advertisement.
(ii) How does advertising shift demand? How does it change the
elasticity of demand? Answer:
Answers
i.) Three Benefits of Advertising: Increased Awareness and Brand Recognition, Competitive Advantage and Stimulates Consumer Demand. Three Disadvantages of Advertising: Cost, Information Overload and Ethical Concerns and Deceptive Practices.
ii.) Advertising has the potential to shift demand by influencing consumer preferences, attitudes, and buying behavior.
(i) Three Benefits of Advertising:
Increased Awareness and Brand Recognition: Advertising helps businesses and brands gain visibility and reach a wider audience. It creates awareness about products, services, or brands, making potential customers more familiar with them. Competitive Advantage: Advertising can provide a competitive edge by highlighting unique selling propositions and differentiating a product or service from competitors.Stimulates Consumer Demand: Advertising has the power to create desire and stimulate consumer demand. By showcasing the benefits and value of a product or service, advertising can generate interest and desire among consumers, leading to increased sales and revenue for the business.Three Disadvantages of Advertising:
Cost: Advertising can be expensive, especially for small businesses with limited budgets. Creating compelling ads, securing media placements, and running campaigns can require significant financial resources. Information Overload: In today's media-saturated environment, consumers are exposed to numerous advertisements across various channels. Ethical Concerns and Deceptive Practices: Advertising has faced criticism for employing deceptive practices, making false claims, or using manipulative tactics to influence consumer behavior. Some advertisements may mislead or exploit consumers, leading to ethical concerns.ii.) Advertising has the potential to shift demand by influencing consumer preferences, attitudes, and buying behavior. Through persuasive messages, advertising can create a desire for a product or service, leading to an increase in demand. It can also change consumer perceptions about a product or service, positioning it as more desirable compared to alternatives.
Advertising can also affect the elasticity of demand. Elasticity of demand measures the responsiveness of consumer demand to changes in price or other factors. Effective advertising campaigns can make demand more inelastic by creating brand loyalty, emotional connections, or a perception of uniqueness.
For such more question on Advertising:
https://brainly.com/question/14227079
#SPJ8
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
Buying and selling products online is called ____________. A. Information systems B. Browsing the web C. E-commerce D. E-mailing
Answers
Answer:
The answer is C. E-commerce
Explanation:
E-commerce refers to the process of buying or selling products or services over the Internet. So i believe this is the answer to the question.
Buying and selling products online is called E-commerce. Hence, option C is appropriate.
What is the meaning of E-Commerce?Online purchasing and selling of products and services is known as e-commerce. Affiliate marketing strategies are also a possible part of the definition of an e-commerce firm. To increase online sales, you can leverage e-commerce platforms like your own website, a well-known retailer like Amazon, or social media.
E-commerce is the electronic purchase or sale of goods through online stores or the Internet. E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the Internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.
Online purchasing and selling of products and services is known as e-commerce. Tactics are another component of the concept of an e-commerce business.
Hence, option C is correct.
Learn more about E-commerce here:
https://brainly.com/question/31073911
#SPJ3