Merv's hardware, a small family-owned store in middletown, sells a 100-pack of garnet sandpaper for $35. the home shoppe, a large retail hardware chain in neighboring morristown, sells the same product for $29. based on this scenario, what would you expect merv's immediate response to be?
a. merv will remove his advertisements and rely on word of mouth.
b. merv will reduce his price to respond to the price competition from the homeshoppe.
c. the homeshoppe will initiate non-price competition with merv.
d. the homeshoppe will raise its price to respond to the price competition from merv

The answer is B.  Merv will reduce his price to respond to the price competition from the HomeShoppe.

Step-by-step explaination:

Given Merv's Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35 and the another, a large retail hardware chain, The Home Shoppe sells the same product for $29.

Whenever the Merv's knows about this decreased price of home Shoppe then the first thing which comes in mind is why the customer purchase the same product from him if get in decreased cost.

So, the immediate respond is that Merv will reduce his price to respond to the price competition from the HomeShoppe.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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