One prolonged blast from the horn of a vessel serves as a warning to other ships that an unseen vessel is in the water. Any vessels within earshot of the prolonged horn blast should reply with a prolonged blast of their own.
A firm is likely to be a price taker whenâ¦.. it sells a product that is exactly the same as every other firm. It represents a small fraction of the total market. Consumers are usually price takers when they buy most goods and services because ____, while relatively few firms are price takers because ____.
Typically retailers will mark down the price of a product if the sell by date is near. That can create an opportunity for consumers to purchase something that is still acceptable from a safety and quality standpoint at a bargain as long as the consumer goes home and uses the product right away.