Consumers get better quality goods and service at fair price due increased competition
Increase consumer choice due to access to a variety of goods from many parts of the world
Reduces incidences of corruption which comes with unnecessary government intervention to trade
Reduces incidences of shortage when countries can import goods from any other trading partner
There is efficient allocation of resources due to unrestricted mobility factor
johnmulu answered the question on October 23, 2017 at 05:58
-
State and explain conditions that favour the effective use of price discrimination
(Solved)
State and explain conditions that favour the effective use of price discrimination
Date posted:
October 22, 2017
.
Answers (1)
-
What are the characteristics of monopolistic competition?
(Solved)
What are the characteristics of monopolistic competition?
Date posted:
October 22, 2017
.
Answers (1)
-
Explain four possible reasons why people start up business enterprise
(Solved)
Explain four possible reasons why people start up business enterprise
Date posted:
October 22, 2017
.
Answers (1)
-
Describe five types of advertising techniques used in product promotion
(Solved)
Describe five types of advertising techniques used in product promotion
Date posted:
October 21, 2017
.
Answers (1)
-
Explain five benefits enjoyed by a business that operates with a business plan
(Solved)
Explain five benefits enjoyed by a business that operates with a business plan
Date posted:
October 21, 2017
.
Answers (1)
-
Outline four reasons as to why a cheque is returned to the payee while indicated ‘’refer back to the drawer’’
(Solved)
Outline four reasons as to why a cheque is returned to the payee while indicated ‘’refer back to the drawer’’
Date posted:
October 21, 2017
.
Answers (1)
-
Highlight four features of mail order shops in home trade
(Solved)
Highlight four features of mail order shops in home trade
Date posted:
October 21, 2017
.
Answers (1)
-
Highlight functions of non-banking financial institution
(Solved)
Highlight functions of non-banking financial institution
Date posted:
October 21, 2017
.
Answers (1)
-
Outline four assumption used to explain the circular flow of income in a two sector economy
(Solved)
Outline four assumption used to explain the circular flow of income in a two sector economy
Date posted:
October 21, 2017
.
Answers (1)
-
Highlight four ways in which an efficient transport system can enhance trade
(Solved)
Highlight four ways in which an efficient transport system can enhance trade
Date posted:
October 21, 2017
.
Answers (1)
-
Five channel of distribution for export agricultural product
(Solved)
Five channel of distribution for export agricultural product
Date posted:
October 21, 2017
.
Answers (1)
-
State four conditions necessary for successful development planning to take place in a country
(Solved)
State four conditions necessary for successful development planning to take place in a country
Date posted:
October 21, 2017
.
Answers (1)
-
Explain five the duties of commercial attache.
(Solved)
Explain five the duties of commercial attache.
Date posted:
October 21, 2017
.
Answers (1)
-
Highlight four merits that will accrue to a business by adopting the internet as means of communication
(Solved)
Highlight four merits that will accrue to a business by adopting the internet as means of communication
Date posted:
October 21, 2017
.
Answers (1)
-
Highlight four unethical practices that business may be involved in
(Solved)
Highlight four unethical practices that business may be involved in
Date posted:
October 21, 2017
.
Answers (1)
-
Outline the aspects/elements of demographic environment that influence the operations of business
(Solved)
Outline the aspects/elements of demographic environment that influence the operations of business.
Date posted:
October 21, 2017
.
Answers (1)
-
A company ABC Ltd producing detergents for the local markets in suburban areas was facing increasing competition from branded products. The management decided to concentrate...
(Solved)
A company ABC Ltd producing detergents for the local markets in suburban areas was facing increasing competition from branded products. The management decided to concentrate on controlling costs by recasting production and marketing processes and bargaining with suppliers to minimize cost of inputs. But there were limits of cost – cutting by recasting process and optimize time utilization. Suppliers of inputs too were reluctant to yield pressure. After a year, sales started declining fast. What can the management do in the fact of growing competition?
Discuss a possible swot analysis for such company?
What else can the management do in the face of growing competition?
Date posted:
October 21, 2017
.
Answers (1)
-
Define production in business context
(Solved)
Define production in business context.
Date posted:
October 19, 2017
.
Answers (1)
-
State disadvantages of advertising goods through the internet
(Solved)
State disadvantages of advertising goods through the internet
Date posted:
October 19, 2017
.
Answers (1)
-
Give the sources of oligopoly power
(Solved)
Give the sources of oligopoly power
Date posted:
October 18, 2017
.
Answers (2)