Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
Gillette introduced the first twin-blade shaving razor in 1971. It proved to be a extremely popular. The product
earned very large profits for Gillette for quite a few years. However, despite Gillette’s introduction in the 1990’s of many variations on this multiple-blade razor, there were many other versions and designs available from many companies, including Schick, Bic, and a host of private-label store-brand versions. By 2004, Gillette’s profits and stock price had declined significantly and in 2005 Proctor & Gamble Co. bought them.
With only the information given above, an economist would probably explain the drop in Gillette’s profits as follows:
Select one:
a. Gillette must have experienced an increase in some important cost of production, resulting in a drop in profits
b. The government has taxed away Gillette’s excess profits.
c. Proctor & Gamble manipulated the market with advertising so as to be able to buy Gillette.
d. Gillette’s high profits and success with the multi-blade design attracted many copy-cat products from other firms, increasing price competition.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more