AMC Entertainment announced a plan to charge different prices for movie tickets based on factors such as the popularity of the movie, the time of day, the day of the week, and other market-driven factors.
The idea behind variable pricing is to maximize revenue by charging more for tickets during peak times when demand is high and less during off-peak times when demand is low. This practice is already common in other industries, such as airlines, hotels, and ride-sharing services.
The new pricing strategy is part of AMC's efforts to recover from the pandemic-induced financial losses and adapt to changing consumer behavior. The company hopes that variable pricing will help it better compete with streaming services, which have become more popular during the pandemic.
However, the move has faced criticism from some consumers who fear that it may lead to higher prices overall and reduce accessibility to movies for low-income families. Nevertheless, AMC argues that variable pricing would enable them to offer more affordable ticket prices during off-peak times and give consumers more options to choose from.
To learn more about prices click on,
https://brainly.com/question/29251180
#SPJ4
david purchased a $2,400,000 shopping center at a 4.5ap rate. what is the noi on the building...?
The NOI on the building is $108,000.
NOI stands for "Net Operating Income". It is a financial metric that represents the income generated by an income-producing property after deducting all operating expenses necessary to run and maintain the property, but before deducting any debt service or income taxes.
The formula for calculating NOI is:
NOI = Total Revenue - Total Operating Expenses
Total revenue includes all the income generated by the property. Total operating expenses include all the costs associated with running and maintaining the property. It is also used to calculate other important financial metrics, such as the property's cap rate, cash-on-cash return, and overall return on investment (ROI).
To calculate the NOI (Net Operating Income) on the shopping center, you need to multiply the purchase price by the cap rate (expressed as a decimal).
The formula for calculating the NOI is:
NOI = Purchase price x Cap rate
where:
Purchase price = $2,400,000
Cap rate = 4.5% expressed as a decimal = 0.045
Plugging in the values:
NOI = $2,400,000 x 0.045
NOI = $108,000
Therefore, the NOI on the building is $108,000.
For more such questions on NOI: brainly.com/question/30400725
#SPJ4
if a family spends its entire budget in a given time frame, the family can afford either 45 food items or 15 pieces of clothing. assuming the family spends its entire budget on just these two goods, what is the opportunity cost of one piece of clothing in the time frame?
If a family spends their entire budget in the allotted time period, which is based on the given 1.0714 restaurants,
what do you mean by budget?In a budget, expected expenses are listed alongside ideas for how to pay for them.A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other supplies.
The family in this article consumes two products: outings to the movies and meals at restaurants.
The family can afford either 45 movie nights or 15 restaurant meals out of their total budget.
15 restaurant meals equal the opportunity expense of 45 cinema nights.
The opportunity cost of 1 movie night
= 1.071 restaurant meals
To know more about budget visit:
https://brainly.com/question/15683430
#SPJ1
if a factory produces 100 tv sets per year, each tv will be quite expensive to make. however, if a factory produces 20,000 tv sets each year, then it can set up an assembly line with huge machines and workers performing specialized tasks, and the average cost of production per tv will be lower. what is this an example of
An assembly line with large machines and personnel performing specialized tasks can be built up in a facility that produces 20,000 TV sets annually, lowering the average cost of manufacturing per TV. The economy of scale is demonstrated here.
What exactly are scale economies?The term "economies of scale" in microeconomics refers to the cost advantages that organizations have as a result of their size. These cost advantages are frequently measured by the volume of work produced in a specific amount of time. A decrease in the cost per unit of output enables scaled growth.
Technical, statistical, organizational, or related elements, which serve as the foundation for economies of scale, may have an impact on the level of market control. This is merely an overview of the concept. At different levels, such as production, facility, or an entire enterprise, economies of scale are applicable in a variety of organizational and business settings. When average costs start to fall as output rises, economies of scale occur.
Learn more about economies of scale with the help of the given link:
brainly.com/question/15605103
#SPJ1
etroit Bike’s strategy has been impacted by tariffs imposed by Donald Trump on parts imported from China. Which institution is responsible for ensuring countries adhere to their trade treaties?
A.) The United Nations
B.) The World Bank
C.) The World Trade Organization
D.) The General Agreement on Trade and Tariffs
E.) The International Monetary Fund
As President Donald Trump imposed 25% tariffs on various imports from China, including bicycles and component parts, things started to become complex.
Trump's actions sparked a trade war between the United States and China and reversed a decades-long global trend towards decreasing tariffs on cross-border trade in manufactured products. There were some mixed blessings for Detroit Bikes. On the one hand, the taxes on imported finished bikes offered Pashak's business a cost edge because assembly was done in Detroit. But, the price of imported parts increased by 25%, increasing the cost of making his bikes and largely negating that advantage.
The best choice is C. An organisation is the World Trade Organization.
Learn more about Donald Trump here:
https://brainly.com/question/28903714
#SPJ4
In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____. Multiple choice question
A team is a collection of individuals working towards a common goal or set of goals. In order to fulfil a shared mission or particular goal, a team is made up of individuals who work together on a variety of interdependent duties.
Some teams only last for a certain amount of time, such as design teams working on brand-new products or teams dedicated to continual process improvement. Others are ongoing, like a department team that frequently meets to discuss objectives, activities, and performance. Careful alignment is necessary in a large-team organisation. Although the structure will become more complicated as teams and people interact with other teams, the fundamentals of building understanding and trust will still be applicable. Knowing how various organisational units and processes are interconnected.
Learn more about team here:
https://brainly.com/question/17860885
#SPJ4
TRUE/FALSE. Economics is the study of how evenly goods and services are distributed within society.
False, In economics, the study of economics examines how resources are distributed in society efficiently not equally.
The distribution of wealth and resources by organizations, businesses, governments, and nations is another topic covered by economics. However, due to the existence of different social classes, it is essential that these goods and services be distributed effectively rather than equally.
Some people have come to the conclusion that the way economic advantages are distributed must be effective and efficient after studying how society uses its finite resources.
Economic efficiency refers to the use and allocation of each limited resource in an economy among producers and consumers in a way that maximizes economic output and benefits for consumers.
Learn more about economics at:
https://brainly.com/question/17996535
#SPJ4
the primary legal responsibility of business is to obey the law.True/False
The primary legal responsibility of business is to obey the law - True
An individual who oversees employees and runs a firm is referred to as an employer. Obeying the law is a business's main legal obligation. Thus, businesses must follow all applicable laws and regulations that govern how they carry out their operations, including those that deal with employment, production, taxation, the environment, consumer protection, and various other laws.
Lawbreakers risk facing monetary fines and legal repercussions in addition to reputational harm. For instance: In the case that alcohol is served, an employer has a duty to shield an employee from legal repercussions. One cannot be held accountable if one takes reasonable steps to stop the sale of alcohol without a licence.
Read more about legal responsibility on:
https://brainly.com/question/28387862
#SPJ4
he aws global infrastructure includes regions, availability zones, and edge locations. which best describes the relationship between the infrastructure components?
A Region is composed of multiple Availability Zones, while each Availability Zone is independent of others in the same Region.
The AWS global infrastructure is composed of Regions, Availability Zones, and Edge locations, with each component serving a specific purpose.
A Region is a physical location that consists of multiple Availability Zones. Each Region is completely independent of the others and is designed to provide a high level of fault tolerance and stability. AWS customers can choose to run their applications and store their data in one or more Regions to achieve geographic redundancy and compliance requirements.
An Availability Zone (AZ) is a data center within a Region. Each Availability Zone is isolated from other Availability Zones within the same Region, with independent power, cooling, and networking to provide high availability and fault tolerance. Running applications in multiple Availability Zones helps to ensure that they remain available and resilient in the face of potential hardware or network failures.
An Edge location is a point of presence (PoP) for Amazon's content delivery network (CDN), Amazon CloudFront. Edge locations are distributed around the world to provide low-latency and high-bandwidth content delivery to end-users. They act as a cache for frequently accessed content and enable customers to access their content with minimal delay.
In summary, a Region is composed of multiple Availability Zones, while each Availability Zone is independent of others in the same Region. Edge locations are separate from Regions and Availability Zones, but are used to provide fast and reliable content delivery to end-users.
Learn more about Availability Zones here https://brainly.com/question/30500985
#SPJ4
an advantage you should gain as you increase driving experience is that
As you gain driving experience, you should notice that your identification and prediction skills improve.
A driving experience can be like any other; some days it can be extremely enjoyable, while others can be a thorn in your side. Some consistency would undoubtedly be welcomed here, and fortunately, not everything in this area is based on chance.
Regular maintenance on your car can improve its handling, resulting in a more pleasurable driving experience. If you switch to electric, your driving experience will improve because you will be driving with a clear conscience.
Some will tell you that driving is ultimately based on muscle memory, and while this is true to some extent, it does not provide a complete picture.
To learn more about driving experience, please refer:
https://brainly.com/question/17118520
#SPJ4
a buyer made an offer to purchase a horse ranch near ocala. the buyer died before learning that the offer was accepted. which of these statements correctly describes the contract’s validity?
In the given scenario, the buyer made an offer to purchase a horse ranch near Ocala, but he died before learning that the offer was accepted.
Whether the contract is valid or not depends on several factors, including the state law that governs the contract and the terms of the agreement.
In general, for a contract to be valid, there must be a mutual agreement between the parties involved, an exchange of consideration, and an intention to create a legal relationship. The offer and acceptance must also be communicated to each other. However, if one of the parties dies before the acceptance of the offer, the contract becomes void as the agreement was not finalized.
In this case, since the buyer died before learning that the offer was accepted, the contract would not be valid, and the buyer's estate would not be obligated to complete the purchase. The seller would need to find a new buyer or relist the property for sale.
To learn more about contract
https://brainly.com/question/2669219
#SPJ4
work teams, when they exist, are typically not a part of the formal organization structure. (T/F)
This statement is False. Work teams, when they exist, are typically not a part of the formal organization structure.
A formal organization structure is a hierarchical framework of roles, responsibilities, and reporting relationships that defines how work is coordinated and managed within an organization. It provides a clear and structured system for communication, decision-making, and resource allocation, and is typically designed to support the achievement of the organization's goals and objectives.
The formal organization structure typically consists of various levels of management, including top-level executives, middle managers, and front-line supervisors, each with their own specific roles and responsibilities. It also includes various departments or functions, each with their own specialized roles and responsibilities, such as finance, human resources, and marketing. The formal organization structure is usually documented in an organizational chart or hierarchy, which outlines the reporting relationships and authority levels of each position within the organization.
To learn more about Formal organization structure visit here:
brainly.com/question/29823573
#SPJ4
walk me through the three financial statements. how are they linked
“The three financial statements are the income statement, balance sheet, and statement of cash flows.
1. Income statement - It is a document that shows the company's profitability. The revenue line is the starting point, and net income is the result of removing various expenses.
The income statement covers a particular time like a quarter or year.
2. Balance sheet - It is a snapshot of the business at a certain point in time, such as the end of the quarter or year, unlike the income statement, which accounts for the full period.
The balance sheet lists the company's assets along with the obligations and stockholders' equity used to fund those assets. Liabilities plus equity must always equal assets.
3. Statement of cash flows - It accounts for the entire period and reconciles the beginning-to-end cash balance, which is a magnified version of the cash account on the balance sheet.
Typically, cash from operating is calculated by starting with net income and adjusting it for a variety of non-cash expenses and non-cash income.
The net change in cash for the year is then calculated by adding cash from investing and borrowing to cash flow from operations.
To know more about Balance sheet,
https://brainly.com/question/29310271
#SPJ4
When branding agencies create new brand names their first step should entail: A. Compiling hundreds of plausible brand names. B. Testing potential brand names. C. Setting criteria that a potential name must fill. D. Developing an understanding the purpose of the product the marketer is selling.
E. Securing insights from the shareholders of the firm through marketing research.
When branding agencies create new brand names, their first step should entail setting criteria that a potential name must fulfill.
This step is crucial as it helps ensure that the brand name aligns with the values, purpose, and goals of the product or service being marketed. Branding agencies must understand the brand's unique selling proposition, target market, and competitive landscape before developing any potential brand names.
Compiling hundreds of plausible brand names or testing potential brand names comes later in the process once the criteria have been established. Before creating a brand name, the branding agency must develop an understanding of the purpose of the product being marketed, as well as the needs and preferences of the target audience. This information is typically gathered through market research and customer insights.
In conclusion, the first step in creating a new brand name is setting criteria that the potential name must fill. This step helps ensure that the brand name aligns with the brand's purpose and values and provides a foundation for developing an effective brand name that resonates with the target audience.
For more such questions on branding
https://brainly.com/question/1875826
#SPJ4
Explain one way an independent hairdresser can compete in a very competitive market.
USE BLT(because,leading to,therefore)
Answer:
by experiencing their customer service first hand. (Theres ur answer )
Explanation:
what is the tax benefit of purchasing health insurance through your employer?
The purchase of health insurance through your company offers various tax advantages. These are a few of the key advantages
What are the advantages?Pre-tax premiums: In the event that your company provides health insurance, you may often pay your premiums using pre-tax money. This entails that the money you spend on health insurance premiums is subtracted from your taxable income, which might reduce your overall tax burden.
Employer contributions: A lot of firms foot the bill for their staff members' health insurance premiums. Typically, the employee is not taxed on these donations, thus there are no income or payroll taxes to pay.
Contributions to health savings accounts (HSAs): If your company offers a high-deductible health plan (HDHP), you could be qualified to make a contribution to an HSA (HSA). It is possible to use HSAs, tax-advantaged savings accounts, to cover some medical costs. Tax deductions are available for contributions made to an HSA, and there are no taxes due on withdrawals used for approved medical costs.
Contributions to Flexible Spending Accounts (FSAs): Several firms provide FSAs to their staff members. For eligible medical costs, FSAs let you set away pre-tax money. Contributions to an FSA are tax deductible, much as those made to HSAs, and withdrawals used for approved medical costs are tax-free.
To learn more about tax visit here:
https://brainly.com/question/23275487
#SPJ1
as part of its web redesign, pizza hut implemented a system to collect and store consumer information including pizza preferences, delivery addresses, and payment information. pizza hut also allowed consumers to opt in or out of future promotional emails on its website, an example of
The solution is permission marketing, which accords with the provided assertion.
Do you imply a promotion?All of the actions that inform consumers about a product, company, or service are referenced to as promotions. The objective is to increase awareness, attract consumers in, and help convince them to choose the product over rivals. There are numerous varieties of promos.
A marketing position is what?A promotion occurs when a worker moves up to a job with a higher pay grade, or in some cases, when a promotion acknowledges the acceptance of significantly the most accountability at the same grade.
To know more about Promotion visit:
https://brainly.com/question/11131986
#SPJ1
A saver will usually earn the highest rate with which of the following types of savings plans?A. a five year certificate of depositB. debit accountC. passbook accountD. share accountE. NOW account
A saver will usually earn the highest rate with a five-year certificate of deposit of savings plans. Option A. is correct.
You make a deposit when you add money to your bank account. To build savings and generate interest, you should put money in a bank.
A demand deposit is placed for monies you can withdraw anytime. A time deposit is an investment for the long term. A deposit may also be the amount you pay as collateral when you take out a loan.
A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial organization.
The terms and conditions for each type of account each financial institution offers are set by the institution itself.
These accounts are categorized into categories that are easily understood, such as deposit accounts, credit card accounts, current accounts, loan accounts, and many other types of accounts.
To know more about financial transactions,
https://brainly.com/question/30023427
#SPJ4
What best describes what stream-aligned teams do?
- Analyze value streams and transform them using lean-agile principles
- Build and deliver customer value with minimal dependencies on other teams
- Promote better flow of communications between leadership, trains and teams
- Use process-mapping to identify and eliminate process bottlenecks.
stream-aligned teams do Build and deliver customer value with minimal dependencies on other teams.
Agile and lean techniques, which seek to maximise the flow of value to the customer, use the notion of stream-aligned teams. They are cross-functional teams in charge of supplying a certain set of features or elements for the good or service being created. These groups have the authority to decide and the knowledge and tools required to carry out their tasks independently of other groups or departments.
Lean-agile principles are used by stream-aligned teams to assess and improve the value stream and get rid of any waste or inefficiencies. To make sure they are providing value that matches the requirements and expectations of the consumer, they collaborate closely with other teams, stakeholders, and clients. They also employ agile methodologies to continually enhance their operations and client value delivery.
For such more questions on minimal dependencies:
brainly.com/question/20715241
#SPJ4
what are the top 7 bestselling products or services for valentine’s day?
Answer:
Chocolates,teddy bears,flowers, heart-shaped items,perfume and accessories
Explanation:
Because these are the most common presents people give to others on valentine's day.
jamie is looking to purchase a home. he is hesitant to ask for repairs and risk the seller accepting a different offer. in what type of market is this concern most valid?
In a case whereby jamie is looking to purchase a home. he is hesitant to ask for repairs and risk the seller accepting a different offer type of market thta is this concern most valid is hot.
What is hot market?A hot market refers to a situation where there is a high demand for a particular product, service, or asset, and as a result, the market price for that item is rapidly increasing. In a hot market, buyers are willing to pay a premium price to obtain the item they desire, and sellers may receive multiple offers for their products or services.
This can occur in various industries, such as real estate, stocks, cryptocurrencies, and collectibles, among others. The term "hot market" is often used to describe a market that is experiencing a surge in demand and is expected to continue to rise in the near future.
Learn more about marketting at:
https://brainly.com/question/25369230
#SPJ1
an official ban on trade or other commercial activity with a particular country is called____
The answer to the following question is: embargo. An official ban on trade or other commercial activity with a particular country is called an "embargo."
An embargo is a government-imposed restriction on trade with another country, usually as a result of political, economic, or social differences between the two countries. It can include a ban on imports, exports, or both, and may also prohibit financial transactions, travel, or other forms of communication with the targeted country.
Governments may impose an embargo for various reasons, such as to express disapproval of the target country's human rights record, to pressure the country to change its policies, or as a response to security concerns. Embargoes can have significant economic consequences for both the targeted country and the country imposing the embargo, affecting trade, investment, and jobs.
Embargoes are often used as a tool of foreign policy, and they can be controversial because they can harm innocent citizens and businesses in the targeted country. However, they are sometimes seen as a necessary measure to promote democracy, human rights, or national security.
For more such questions on Embargo
https://brainly.com/question/24092695
#SPJ4
Which of the following terms describes the level of harm that can result from a threat exploiting a vulnerability in an asset?
A. Threat
B. Likelihood
C. Impact
D. Damage
C. Impact describes the level of harm that can result from a threat exploiting a vulnerability in an asset.
A person or group is deemed vulnerable when there is a risk of suffering or injury, most often as a result of being exposed to a threat. A range of variables, including social, political, economic, and environmental vulnerability, can be used to rank the top 100 most vulnerable nations in the world.
Rankings, on the other hand, may fluctuate depending on how vulnerability is calculated and which specific symptoms are considered. To insert a malicious file into the vulnerable a, malicious software would need to exploit the weaknesses.
The Cityzens were susceptible due to Laporte's knee injury early in the season.
To know more about vulnerability:
https://brainly.com/question/30410035
#SPJ4
in the circular flow model, profits flow between which two sectors (markets are not considered sectors)? in the circular flow model, profits flow between which two sectors (markets are not considered sectors)? from firms to the product market from firms to resource markets from households to firms from households to the product market from firms to households
A form of economic model known as the circular flow of revenue or flow represents the major exchanges as flows of goods, services, money, etc.
What is meant by circular flow model?A circular flow model shows the state of an economy right now. Yet it doesn't make it clear how a change in one variable might affect every flow. To give one example, economists could find it difficult to predict how a 5% increase in unemployment might affect the circular flow model. Although it is known that decreased income may result in lower levels of consumption and taxation, a circular flow model may not be able to describe how one change can quantitatively alter other values.
A model of the economy known as the circular flow of income or flow in which the primary exchanges are shown as flows of money, goods, and services, etc. between economic agents. In a closed circuit, the flows of money and items traded have values that are same but flow in the opposite direction.
To learn more about circular flow model refer to:
https://brainly.com/question/10681739
#SPJ1
the allowance method is required by gaap for financial reporting purposes. (true or false)
For the purposes of financial reporting, GAAP mandates the allowance technique. True.
The required details for GAAP in given paragraph
The U.S. Securities and Exchange Commission (SEC) developed the accounting standard known as Generally Accepted Accounting Standards, which is the one that all American-based businesses employ by default. The Accounting Standards Codification (ASC), the only source of authentic nongovernmental U.S. GAAP, is published and maintained by the Financial Accounting Standards Board (FASB).In 2008, the FASB started publishing U.S. GAAP in XBRL, an extensible business reporting language. The authoritative GAAP accepted by the FASB for application by nongovernmental entities is found in the FASB Accounting Standards Codification.
For SEC registrants, authoritative GAAP can also be found in the rules and interpretive releases issued by the SEC under the authority of federal securities laws.
To know about GAAP click here
https://brainly.com/question/28345482
#SPJ1
production converts inputs into outputs by changing the inputs in some way.
True False
The given statement is True because Production is the process of converting inputs into outputs. Inputs can be raw materials, labour, energy and capital goods, while outputs can be goods and services.
Manufacturing changes inputs by combining them in different ways, such as mixing ingredients or cutting and shaping materials. The transformation of inputs into outputs is known as the production process in order to create a product or service that meets the needs of consumers. By using a production process, resources are combined in a way that makes them more valuable than they were before production. This added value is reflected in the final product or service.
To know more about manufacturing click here
https://brainly.com/question/14275016
#SPJ4
True or False. in effect, a counteroffer converts the original offeror into an offeree with the power of acceptance.
A Counteroffer is a response given away to an original offer. It's true.
The grip of acceptance lasts ever. Effectively, a counter offer makes the leading endeavor an accepting endeavor.
A offer to automatically terminate the contract after the deadline specified in the offer. The offer can be accepted by the provider or by third parties.
The counter-offer serves both as a rejection of an offer of contract and as a new offer that mainly changes the terms of the original offer. Since the counter offer acts as a rejection, it fully invalidates the original offer. thus the premier proposition can no longer be accepted.
To know more about Counteroffer,
brainly.com/question/29643887
#SPJ4
What percentage of a participant's income are group long-term disability benefits amounts typically limited to?
The percentage of a participant's income is group long-term disability benefits amounts typically limited to 60%.
Depending on the particular policy and the rules of the plan sponsor, the amount of group long-term disability (LTD) payments that are normally limited to a participant's salary can change. However, a typical cap is 60% of the participant's earnings prior to incapacity.
As a result, if a person develops a condition that prevents them from working, they will receive LTD benefits equal to up to 60% of their pre-disability income.
It's vital to keep in mind that group LTD benefits may also be subject to additional restrictions and requirements, including minimum and maximum benefit amounts, waiting periods before benefits start, and benefit length.
To know more about long-term disability -
brainly.com/question/27571970
#SPJ4
Under the Uniform Securities Act, an investment adviser is exempt from registration if he has no place of business in a state and his only clients are any of the following EXCEPT: A. Accredited advisor B. Stakeholders C. Investors
Stakeholders, as it is not listed as a qualifying criteria under the de minimis exemption. The correct answer to the given question is (B).
Under the Uniform Securities Act, investment advisers are required to register with state regulators unless they qualify for an exemption. One such exemption is the "de minimis" exemption, which applies to advisers who have no place of business in a state and whose only clients are residents of that state who meet certain criteria.
Specifically, under the de minimis exemption, an investment adviser is exempt from registration in a state if they have no place of business in the state and their only clients are any of the following,
(1) institutions, (2) registered investment companies, (3) other investment advisers, (4) federal covered advisers, (5) accredited investors, or (6) up to five non-accredited investors in a 12-month period.
The other options, accredited investors and investors, are qualifying criteria for the de minimis exemption, provided that the investment adviser has no place of business in the state and meets the other conditions specified by the exemption. So, the correct option is B (Stakeholders) .
To learn more about investment click on,
https://brainly.com/question/14442500
#SPJ4
what is standard poor 500?
The Standard & Poor's 500 is an index of stock market in the U.S. which measures the performance of about 500 companies at the stock market.
The Standard & Poor's 500 is also abbreviated as S&P 500. The 500 companies it includes are the largest, publicly traded companies in the United States. The index is calculated by adding the float-adjusted market capitalization of each company.
Stock market is the market where stock shares and other financial securities of the companies held by public are bought and sold. It comprises of a large aggregation of buyers as well as sellers of the stocks.
To know more about stock market, here
brainly.com/question/3210355
#SPJ4
Identifying one's direct competition is a way to answer which question?
a) Who are our customers?
b) What business are we in?
c) How achievable are our objectives?
d) What is our mission?
Option B is correct. The way to answer one's direct competition is to ask What business are we in? Direct competition is what is happening in which at least two organizations offer items or administrations that are basically something similar.
Identifying one's direct competition is a key step in determining what business or industry the organization is in. By understanding who its direct competitors are, an organization can analyze their strengths and weaknesses, develop strategies to differentiate itself in the market and make informed decisions about product offerings, pricing, and marketing tactics. It is essential to identify the competition in order to understand the market, define the target audience, and develop a clear value proposition for the business.
Know more about direct competition - https://brainly.com/question/20289241
#SPJ4