For a best-cost provider strategy to be successful, a company must have Group of answer choices one of the best-known and most respected brand names in the industry. access to greater learning and experience curve effects and scale economies than rivals. the capability to incorporate upscale attributes at lower costs than rivals whose products have similar upscale attributes. a short, low-cost value chain. excellent marketing and sales skills in convincing buyers to pay a premium price for the attributes/features incorporated in its product.

answer; ///product strategy;

answermarginal cost;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.