Advertising is an important aspect of monopolistic competition and oligopoly because brand distinction encourages consumer loyalty, which increases profits. there is product homogeneity in these industries. price changes are not allowed. there are significant substitution possibilities in these industries. b. Advertising promotes efficiency and benefits consumers by helping consumers determine their preferences and limiting the number of products firms have to produce. helping consumers determine their preferences and increasing the number of products firms have to produce. providing information about new products, reducing the number of firms in the industry, and raising average revenue. providing information about new products, increasing sales and output, and lowering average total cost. c. Which of the following statements is true? Persuasive advertising can increase brand loyalty, which encourages new entry into the industry. Persuasive advertising can be important in encouraging new entry into the industry. Excessive advertising can decrease brand loyalty, which encourages new entry into the industry. Persuasive advertising can be excessive, creating a barrier to entering the industry.

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

In terms of precent, beer has more alcohol than whiskey true or false