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:
Answerrsss please!!!!!
Answer:
A- Lender
B- Plan
C- closing Balance
3
A- False
B- True
C- True
D- False
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)
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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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.
According to the study cited in the text, what are the three largest gaps in career readiness employers see in college students applying for employment
According to the text that was quoted, the three largest gaps in career readiness are:
Written communication Organizing/evaluating information Critical/analytical thinkingAccording to the text, these skills listed above are very important in the work environment for successful business operations. But most employers do not agree that college graduates who recently left school are well suited for the jobs.
Although these graduates rate themselves high in these skills only less than 3 in 10 employers agree with their claim
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Discuss reasons why a business needs funding ?
Answer:
Firms need finance to:
start up a business, eg pay for premises, new equipment and advertising.
run the business, eg having enough cash to pay staff wages and suppliers on time.
expand the business, eg having funds to pay for a new branch in a different city or country.
Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a cost of operations which cannot be avoided. b. Results in an annual cash outflow. c. Is a cash inflow. d. Reduces the cash outlay for income taxes
Answer:
the answer is b
Explanation:
cause its the annual cash outflow
Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it results in an annual cash outflow. Thus, option (b) is correct.
What is cash flow?
The term cash flow refers to the movement of the cash are the flow out of the business. There are the three types of the cash flow such as investing activities, financing activities, operating activities.
Depreciation is a non-cash item, hence it must be brought back to the cash flow statement in the operational activities column, along with other expenses like amortization and depletion. Depreciation might be considered a cash inflow because it reduces the business's cash outflow indirectly.
As a result, depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it results in an annual cash outflow. Therefore, option (b) is correct.
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List the basic elements of business plan
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
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reasons for looting of shops malls and destruction of property in gauteng and kzn
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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Match each good with the type of good it represents
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
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:
identify business equipment or resources required to complete task under direct instruction?
Answer:
Explanation:
Estimate quantities and resources correctly to.
Marketing links producers to
Briefly explain how the government uses taxation as a redistribution method
Answer:
The purpose of this is to increase economic stability.
Which of the following is NOT an example of monetary policy? a. The Federal Reserve reduces the reserve requirement. b. The Federal Open Market Committee decides to sell bonds. c. The Federal Open Market Committee decides to buy bonds. d. The Federal Reserve facilitates bank transactions by clearing checks.
Answer:
A
Explanation:
Monetary policy controls the process of drafting, announcing, and enforcing the plans taken by the central bank, currency board, or other competent monetary authority that controls the amount of money in an economy and the channels by which new money is supplied
The statement that cannot be considered an example of monetary policy is A:The Federal Reserve reduces the reserve requirement.
Monetary policy can be regarded as control of the quantity of money which is present in an economy as well as the channels that is needed for new money to be supplied. It involves the federal to Open Market Committee who bring decision in selling or buying of bonds.Therefore, option A is correct.
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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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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.
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.
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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
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
How does inflation affect standard of living?
Inflation might force you to cut out luxuries and “tighten your belt” to keep up with the rising cost-of-living.
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
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)
what are the applications of brainstorming
Without ____, it would be impossible to stay in business.
Group of answer choices
growth
profit
IPO
marketing
strategy
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:
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