Which of the Following Would Cause an Increase in the Market

question 444

Multiple Choice

Which of the following would cause an increase in the market supply of drones?

• A) a decrease in the demand for drones
• B) an increase in taxes levied on drones
• C) an increase in the cost of components used to make drones
• D) an increase in the number of firms making drones

Identify practices prohibited by regulatory bodies like the ACCC to ensure fair competition.

Grasp the importance of understanding customer preferences in strategic decision-making.

Understand the relevance of cost, volume, and profit analysis in pricing and production decisions.

Discern the various pricing strategies, including cost-plus pricing and price skimming, and their applications.

---

Definitions:

Supportive Style

A leadership approach that focuses on building trust, encouragement, and empathy to support team members' needs and well-being.

Lack Motivation

A state or condition in which there is a deficiency of desire or interest to take action or pursue goals.

Some Ability

A nonspecific level of competence or skill in a certain area, indicating that an individual has a certain level of capability but it is not quantified.

Low In Competence

Describes an individual or entity that lacks the necessary skills, knowledge, or ability to perform effectively.