Inflation might force you to cut out luxuries and “tighten your belt” to keep up with the rising cost-of-living.
Explain the concept of scarcity, choice and opportunity cost
Answer:
The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.
Match each good with the type of good it represents
What does the concept of scarcity explain? Choose three answers.
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
'Scarcity' is defined as the economic concept that refers to the situation of 'having finite resources and infinite demands.'
The concept of 'Scarcity' explains:
C). why consumers are willing to pay high prices for items.
D). why decisions must be made on how to use resources
F). why a single resource has more value than another resource.
The term 'scarcity' elaborates the causes of all the above-stated problems. Since the demand for produced goods, as well as, services is endless and the resources available to meet this demand are limited, there is an imbalance between the demand and supply. This leads to the hike in prices of the available goods so that one could afford to pay higher will take the good. This makes it important for deciding upon the efficient utilization of resources so that every individual's demand can be satisfied up to some extent.The single resources cost higher due to this reason only as it develops a competition among the buyers.Learn more about 'scarcity' here:
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Answer:
C, D, F
Explanation:
An accounting software company has a sales team that frequently visits local businesses. Even after a business declines their software, the accounting software company will call the business every six weeks about some new software feature or promotion. What orientation concept is this company using?
The sale orientation concept should be used for the company.
The following information related to the sales team is:
It is the department i.e. responsible for meeting out the sales goals of an organization.It contains the people i.e. sales representative, sales specialist, customer service that is controlled by the sales manager.Since the company has a sales team so here the orientation concept i.e. used should be the sales.
Therefore we can conclude that The sale orientation concept should be used for the company.
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Private goods are not rival in consumption, but excludable. rival in consumption and excludable. rival in consumption, but not excludable. not rival in consumption and not excludable
Answer:
private goods—excludable and rival in consumption.
Explanation:
1) Private goods = excludable + rival in consumption (wheat/phone/parking space)
2) Public goods = non excludable + non rival in consumption (public sewer system/national defence/Scientific research.)
3) Common resources, non excludable + but rival in consumption (clean water in a river/clean air/fish in the ocean)
4) Club goods, excludable + but non rival in consumption (movies on Netflix/cinemas)
What is a public good?
A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment
B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment
C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment
D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment
Any three reasons except politics on the recent looting of shops,malls and the destruction of business property in gauteng and kwazulu natal
Answer:
its because of stravation
Explanation:
because people did not have food to eat and they needed food
Select from the following the four steps of the market segmentation process. Multiple select question. Identify product-related need sets evaluate the success of the chosen segment group customers with similar need sets identify competitors' segments select a segment to serve describe each group
Answer:
identifying product related need sets
Grouping customers with similar need sets
Describing each group
Selecting an attractive segment to serve
Explanation:
Help pleaseeee faaaaaastttt
Answer:
B.
Explanation:
If you decrease the good's price, a large increase occurs in quantity demanded, and total revenue increases. ... Thus, price and total revenue move in opposite directions given the elastic demand.
How to start off with a paragraph if ur talking about a experience that u have had experiencing in some one else's perspective
Answer:
I think you mean reading in third perspective (him, her, they)
It also depends on the experience you want to talk about.
Business type: "During my time with the (insert job title or name), I have encountered many good and/or bad experiences."
Story type: (introduce the characters in the situation, and then layout the setting, and then tell the story)
Marketing links producers to
Marketing links producers to consumers. It is the process of identifying, creating, communicating and delivering value to target customers.
Through marketing, producers can understand consumer needs and preferences develop products or services that address those needs, and effectively communicate their offerings to the intended audience.
By promoting their products or services, producers can create awareness, generate interest and build brand loyalty among consumers.
Marketing also facilitates the distribution of goods from producers to retailers or directly to end consumers and connecting producers to the customers they aim to serve.
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Jacob, the owner of Unicorn Systems, wants to inform employees that they will receive a twenty percent salary cut to help the company survive a recession. If Jacob communicates this bad message in an honest and an open manner, it will likely
A. enhance Jacob's credibility.
B. undermine Jacob's character.
C. increase the negative impact of the bad news on employees.
D. signify that Jacob is incompetent in challenging situations.
E. damage the company's chances of long-term success.
what are the applications of brainstorming
Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular customers. It rewards these customers by giving them gift coupons and cash prizes. This practice is an example of _______. a. total quality management b. customer relationship management c. profit maximization d. organizational optimization
Customer is termed as the individual that consumes or uses the goods and services that are availed to them for their satisfaction or need fulfillment. The customers are known as the king of the market that decides the production of the goods and the services.
The correct answer for the blank is b. customer relationship management.
Customer Relationship Management is termed as the process or the activities that manage the company's relationship and communications of the customers with the firm and manage to explore the potential customers or the new customers.
The main aim of CRM is to build and construct good relationships between the customer and the firm. It connects the corporate sector with the customers in order to let them know about their services.
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Every morning, the pupils ………………….. in the hall to listen to the Principal.
1) crowded 2) paraded 3) gathered 4) assembled
Answer:
assembled
Explanation:
hope it helps you mark as brainlistPfizer, Inc. has issued a public statement that it would no longer sell the drug that it manufactures that is used for injection in convicted murderers in death penalty convictions. Pfizer has faced increasing pressure from shareholders about the drug. The drug is a profitable one. Whose interest is Pfizer serving
Pfizer is serving the interest of the larger society.
Although part of your question is missing, you may be referring to this full question:
Pfizer, Inc. has issued a public statement that it would no longer sell the drug that it manufactures that is used for injection in convicted murderers in death penalty convictions. Pfizer has faced increasing pressure from shareholders about the drug. The drug is a profitable one. Whose interest is Pfizer serving
A : Pfizer is serving larger society.
B : Pfizer is serving its shareholders.
C : Pfizer is serving Milton Friedman.
D : Pfizer is serving government interests.
Pfizer, Inc. is a pharmaceutical multinational company or corporation that researches and manufactures medical products. This American multinational corporation is also responsible for most of the medicines and chemicals/ drugs found in the world.
In the given scenario, the decision of this corporation to discontinue its sell the drug used for death penalty convictions is based on the interest of the common larger society. This is because even though the manufactured drug is used to make capital punishments is profitable for the company, its decision to withdraw the manufacturing shows that it takes the interest of the society more than thinking about their profit.For a company to discontinue its production of certain products despite the great profit it brings in for the company, it shows the humane stance of the company.Moreover, the very act of issuing the "public apology" shows the corporation's stance, meaning it thinks more about the interest of the society.When Pfizer decides to discontinue its manufacturing of the capital punishment drug, it also is making a sacrifice of all the profits that the drug brings. At the same time, this decision shows that the corporation is keeping the interests of the larger society. Thus, the correct answer is option A.
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if you were asked to choose a profession between an agricultural expert and a veterinary doctor which one will you choose give your opinion to support your choice.
Answer:
I would choose veterinary doctor
Explanation:
I'm very good with animals, and I'd get to help an animal owner before the animals problem gets too big and can't be fixed so the owner can have a happy and healthy animal.
The federal act that requires registration with the Securities and Exchange Commission (SEC) as a face-amount certificate company, unit investment trust company, or management company is
Briefly explain how the government uses taxation as a redistribution method
Answer:
The purpose of this is to increase economic stability.
In addition to (1) the commonly accepted name and (2) any special warnings, what is the third piece of essential information needed on the label of all stock solutions
In addition to (1) the commonly accepted name and (2) any special warnings, the third piece of essential information needed on the label of all stock solutions is the date and the name of the person who made it.
What are the uses of the stock solutions?Stock solutions are used to speed up the preparation process, conserve resources, free up storage space, and increase the precision with which working different concentration solutions are made.
It is important to mention essential information on the label of stock solutions to avoid any hazardous event and to ensure the safety of the user.
Therefore, the date and the name of the person are included on the label.
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The management at a pesticide manufacturing company has observed a decline in quality measures. The managers ask the firm's HR manager to investigate whether training might solve the problem. She conducts needs assessment and recommends a training plan. Which observation will the HR manager most likely find in her person analysis
The Employees of the firm's production department lack clarity in decisions regarding quality standards for manufacturing. :)
Identify which of the following formulas correctly defines how to calculate the debt ratio. Multiple choice question. Total assets/Net income Total liabilities/Total equity Total liabilities/Total assets Total assets/Total liabilities
Answer:
Total liabilities/total assets
Explanation:
Debt ratio can be calculated by using the formula Total liabilities/total assets.
Debt ratio refers to the ratio of the debt and assets of a person or company. This is also known as the total debt to the total assets ratio.
This ratio can also be known or referred to as the financial ratio measuring the extent of a company's leverage. This accounting aspect of a company is used to calculate how much of the company's assets are financed through debts.This means that the amount or portion of a business's assets that are financed by debts is the debt ratio of that company.To calculate the total debt ratio, the total liabilities should be divided by the total assets. The resulted amount is the debt ratio of that company.A debt ratio enables a company to specify and identify how much percentage of the company's assets are liable for leverage. This allows the company to know how to manage the business or work through their debt accordingly. Thus, the correct formula to calculate the debt ratio is total liabilities/ total assets.
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Marketing links producers to
A firm which is the sole employer in a labor market will find that: The marginal cost of an additional worker is the same as its supply curve for labor The marginal cost of an additional worker is above its supply curve for labor The marginal cost of an additional worker is below its supply curve for labor
reasons for looting of shops malls and destruction of property in gauteng and kzn
How do u explain evil deeds done by otherwise!
PREJUDICE IS A THEME DEVELOPED IN HUMAN BEINGS, WHEN SOMEONE IS ABOUT TO SUCCEED AND A MIDDLE PERSON CANNOT AFFORD TO SEE THE GROWTH IN OTHER THAT ARE NOT HIMSELF(S) / HERSELF(S).
AND THIS BEHAVIOR IS MOSTLY PRESENT IN PEOPLE WHO HAVE NOT HAD GOOD EXPERIENCES IN DURING THEIR LIVES.
MARK “BRAINLIEST.”
Ruth is conducting a marketing/sales event. She indicates that attendees are welcome to take a promotional item if they wish, even if they do not enroll. The value of all giveaways does not exceed $15 per person. Did Ruth violate any marketing/sales event guidelines
Ruth does not violate any marketing or sales event guidelines.
Marketing or sales event guidelines refer to the rules and regulations implemented to ensure an ethical and professional level of conducting business. Such guidelines may also provide certain rules that one must adhere to, to ensure nothing is done illegally.
Guidelines are given or made as Code of Ethics wherein each company or have their own set of rules to be followed by the employees. In the given scenario, Ruth is conducting a marketing or sales event that involves giveaways. In her case, the giveaway is a promotional item below $15 per person. Per the guidelines, Ruth is allowed to let the attendees take the promotional item as long as the nominal retail value does not exceed $15 per person.Providing a promotional item during a marketing/sales event is legal and allowed as long as the item or service provided does not exceed the $15 per person. Thus, Ruth does not violate any event guidelines.
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Answerrsss please!!!!!
Answer:
A- Lender
B- Plan
C- closing Balance
3
A- False
B- True
C- True
D- False
the money represents the
Answer:
maximum
Explanation:
A one dollar increase in the monetary base causes the money supply to increase by more than one dollar. This increase in the money supply is the money multiplier.
The money multiplier represents the maximum extent to which the money supply is affected by any change in the amount of deposits
Dwight was appointed a principal for Seacoast Securities in June of 1996. He continued in the position until 2012, when he left to start his own firm. How long did Seacoast need to maintain the record of his principal designation
Answer:
16 years
Explanation:
2012-1996=16 years