Questions

In the light of competition, it may be seen that competitors may initiate price changes. If the cutting off on prices does not affect the company, then the current pricing strategy itself can be continued to maintain the profitability of the company. However if the price change on one firm is affecting the other, then it can:

a.reduce the product price at par with competitors’ price or below competitors’ price

or

b. Provide added advantage to the existing product like better quality, or ‘a buy one get one free’ offer.

or

c.Provide better quality of the product at a higher price thereby not being at par with the competitors.

Iran is an important oil-producing region in the Middle East. Abadan on the Abadan island has one of the largest refineries in the world. 

Both of them are relation ship constraints

Biological Control: This method is very effective. One pest is destroyed by another organism. For example the aphids are killed by lady beetle. The prickly pear is eradicted by cochineal insect. Here the advantage is, one does not use harmful chemicals which may get into the host plants.

The study of flags is called Vexillology and the art of flag design is called as Vexillography. The man who studies flags is called as Vexillologist.

As water is cooled from 4 deg C to 0 deg C, the water reaches its freezing point and starts forming ice crystals. Then the volume of that ice cubes increases and its density decreases. Hence, it is the reason that ice will float on water as ice has less density than the water.

A command economy types of government decide which goods would be produced without any interference of the public.

Command economy ran in Germany during the rule of Adolf Hitler. 

A command economy tends to exist under a socialist government that provides a lot of regulation.