For a while, Southern Brewers is the only coffee supplier in the market. Eventually, Albert Coffee enters the market and sells coffee at lower prices than Southern Brewers does. Later, Café Brites enters the same market with lower prices for coffee. Southern Brewers now charges lower prices than Albert Coffee and Café Brites do. What made Southern Brewers lower its prices?

Answers

Answer 1
Answer: The simple answer is competition. While Southern Brewers was the only supplier in the market, they had monopoly over that industry which is why they could afford to give high prices. When other suppliers came with lower prices, they can't keep their high prices anymore because people can now save money with other suppliers.
Answer 2
Answer:

Answer:

competition

Explanation:


Related Questions

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Sometimes very high ________ costs are recognized before a project begins and reducing these costs through shorter project durations becomes a high priority.

What is an important step to take before entering your first data into yourdatabase?
O A. Reporting
O B. Querying
O C. Planning
O D. Sorting

Answers

Planning an important step to take before entering your first data into your database.

What is planning?

Planning involves a step by step approach to doing a thing. In data entering, creating a plan is the first step to entering data.The plan can be created in a separate sheet called the sap screen from where the processes are itemized.

Therefore, Planning an important step to take before entering your first data into your database.

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Before adding the first piece of data into your database, planning is a crucial step to do. As a result, choice (C) is the right one.

What is meant by an database?

In computing, a database is a structured collection of data that is accessible and stored electronically. In contrast to small databases, which may be stored on a file system, large databases are kept on computer clusters or in the cloud.

Data modeling, efficient data representation and storage, query languages, security and privacy of sensitive data, and distributed computing difficulties like concurrent access and fault tolerance are just a few examples of the pragmatic and formal aspects of database design.

The piece of software that interacts with the database itself, applications, and end users to gather and handle data is known as a database management system (DBMS).

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According to leading entrepeneur, Guy Kawasaki, the best reason to start a new business is to ______.be your own boss

make a large profit

make the world a better place

achieve success

Answers

Answer:

make the world a better place

Explanation:

Answer:

C. Make the world a better place

Explanation:

"The best reason to start an organization is to make meaning - to create a product or service to make the world a better place."

—Guy Kawasaki, entrepreneur, investor, author

You are buying a house that is priced at $200,000. You need to make a 10% down payment, and closing costs will be 5%. Which of the following is/are true? I. The amount of the loan will be $200,000 II. Closing costs will be $10,000 III. Closing costs will be $9,000 IV. You will need to bring $29,000 total to the bank in order to get the loan.

Answers

Answer:

Let's break down the information and check which statements are true:

I. The amount of the loan will be $200,000.

  - This statement is true. The house is priced at $200,000, and you are making a 10% down payment, which means you will be taking a loan for the remaining 90% of the house price. So, the loan amount is $200,000.

II. Closing costs will be $10,000.

  - This statement is not necessarily true. You mentioned that closing costs will be 5% of the house price. To find the closing costs, calculate 5% of $200,000: 0.05 * $200,000 = $10,000. So, the closing costs could be $10,000.

III. Closing costs will be $9,000.

  - This statement is not true based on the information provided. The calculation in statement II shows that closing costs are $10,000, not $9,000.

IV. You will need to bring $29,000 total to the bank in order to get the loan.

  - This statement is true. To calculate the total amount you need to bring to the bank, add the down payment and closing costs: 10% of $200,000 (down payment) + $10,000 (closing costs) = $20,000 + $10,000 = $30,000. So, you will need to bring $30,000 in total to the bank to get the loan.

Therefore, statements I and IV are true, while statements II and III are not necessarily true based on the provided information.

Final answer:

The true statements are: Closing costs will be $10,000 and You will need to bring $30,000 to the bank. The loan amount will be $180,000, not $200,000.

Explanation:

Firstly, for a house priced at $200,000, a 10% down payment would be $20,000 (200,000*0.10). Secondly, closing costs will be 5% of the price, which would amount to $10,000 (200,000*0.05). To calculate the total amount you need to bring to the bank, you add the down payment and closing costs, equalling $30,000.

Therefore, the statements that are true are: The closing costs will be $10,000 and You will need to bring $30,000 total to the bank in order to get the loan.

The statement The amount of the loan will be $200,000 is false because the loan amount will be the home price minus the down payment, or $180,000.

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Surrealists emphasized _____________ instead of ____________.

Answers

The correct answer is irrationalism and rationalism. It is because surrealist are cultural movement in which they are likely to reunite cultures or different races in means of having to have unity, that’s why they are likely to focus more on irrationalism than rationalism.

Answer:

irrational; rational

EDGE confirmed

Critical thinking and research skills are essential for success in which of these career pathways?A.travel and tourism
B.biotechnology development
C. transportation operations
D. printing technology

Answers

B. Biotechnology development.
When you are developing something you must be able to do in depth research and apply critical thinking

Answer: B. Biotechnology development.

100% right

Which of these ideas had the most influence on the American Revolution? the Great Awakening the Enlightenment the Renaissance Socialism

Answers

I believe the answer is: the enlightment

During the age of enlightment, the idea that people should hold the most power within the society and not the government started to become really popular. This view become the basis of thinking for american revolution, when we want to change the british empire's rule into a democratic government ruled by its own people.

Answer:

the Enlightenment

Explanation:

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