The correct option is A. Scarcity exists everywhere because human wants can never be satisfied.
What is scarcity?Scarcity in economics describes limited resources, or the cognition of limited resources when it is insufficient to fulfill human needs and wants. It can also mention to how companies decide what and how to produce using finite resources and how they complete a retail price for the item based on purchase demand.
The correct option is A. Scarcity exists everywhere because human wants can never be satisfied.
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a business that provides custom toys and play furniture for individual consumers. jennifer does not make any products until she receives an order from the customer. what type of marketing strategy does this represent? group of answer choices pull strategy supply strategy supply strategy demand strategy forecast strategy
Pull strategy is the type of marketing strategy that does not make any products until received an order from the customer. (Option A)
What is meant by pull strategy?Increase the number of consumers who desire to purchase a specific product is the main goal of the pull marketing strategy. For a product to be stocked by stores, it frequently involves persuading a buyer to actively seek it out. Direct marketing campaigns are one way that pull marketing brands connect with their target audience.
To increase consumer demand for a good or service, a pull promotional strategy involves advertising. An illustration of a pull tactic is the promotion of kids' toys on kids' television programs.
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according to maitland, if labor in developing countries is made more expensive, then what is also likely?
If labour in developing countries is made more expensive, then businesses are likely to shift production to countries with lower labour costs, seek out automation, or pass the increased costs onto consumers in the form of higher prices.
What is labour?
In economics, the term "labour" refers to the collective group of wage earners. For instance, one speaks of "organised labour" in this sense. However, in a more specific and technical sense, "labour" refers to any valuable service provided by a human in the creation of wealth that is not the accumulation and provision of capital or the assumption of the risks that are typically associated with business endeavours. It covers a wide range of services, including those provided by manual labourers. It is not the same as labour or effort, and it only loosely relates to "work done" in the physiological or physical senses.
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a(n) _____ determines the impact that a specific technology or approach can have on the organization’s information assets and what it may cost.
CBA determines impact that specific technology or approach can have on organization’s information assets and what it may cost.
What is an asset?Any resource that a business or other economic entity owns or controls is referred to as an asset. Anything that can be used to create wealth, whether it be material or intangible, qualifies. Assets are things that have ownership value and may be traded for money. Tangible and intangible assets are the two basic types of assets. Tangible assets can be divided into several different categories, including current assets and fixed assets. Examples of current assets include cash, inventory, and accounts receivable. Among fixed assets include land, structures, and equipment. Intangible assets are rights and non-physical resources that are valuable to a business because they give it a competitive edge in the marketplace. Goodwill, copyrights, trademarks, patents, computer programs, and financial assets like stocks, bonds, and investments are a few examples of intangible assets.
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a. what is the monopolist's profit-maximizing level of output?
A monopolistic market has no competition, which means the monopolist controls the charge and extent demanded. The level of output that maximizes a monopoly's earnings is when the marginal price equals the marginal revenue.
How do you calculate profit-maximizing degree of output?A supervisor maximizes earnings when the price of the ultimate unit of product (marginal revenue) equals the value of producing the closing unit of production (marginal cost). Maximum income is the level of output where MC equals MR.
A monopolist maximizes its profits via producing to the factor at which marginal revenue equals marginal cost.
The monopolist identifies the income maximizing extent of output where the marginal revenue equals the marginal cost. The fee at which this volume can be absorbed in the market is determined from the market demand curve which is established on the elasticity of demand.
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https://brainly.com/question/28204735#SPJ4how to figure out if a comapny is a monopoly an oligopoly monopolistically competitve or perfectly competitive
In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.
Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.
Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.
The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.
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jan and jill started a business 20 years ago. jill recently stepped down and her daughter jenny has agreed to start managing the company with jan's help. the eventual goal is for jenny to run the entire company. this process between jan and jenny is called a.a sibling partnership. b.a family consortium. c.mentoring. d.nepotism.
Twenty years ago, Jan and Jill founded their company. Jill just resigned, and her daughter Jenny has decided to take over management of the business with the assistance of jan. Jenny eventually wants to be the company's CEO. Mentoring is the name of this exchange between Jan and Jenny.
What is mentoring?Mentoring is the influence, guidance, or counsel offered by a mentor. A mentor is a person who guides, encourages, and offers advice to a less seasoned and typically younger person. In an organizational setting, a mentor has an impact on a mentee's personal and professional growth. Although mentors do not always need to be more senior than the persons they guide, conventional mentorships typically entail senior employees mentoring more junior colleagues. The fact that mentors have experience that others can learn from is what matters. A mentor is a senior or more experienced individual who is assigned to serve as an advisor, counsellor, or guide to a junior or trainee, according to the Business Dictionary. The role of the mentor is to support and advise the mentee.
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Question 9 (1 point) An example of Rent Seeking would be:
O orange growers in Florida and California getting a tax placed on the import of oranges so that they can raise their prices due to the resulting shortage rent from government agencies. )prices to consumers.
O Landlords attempting to get control of government owned buildings in order to extract
O entrepreneurs outwitting existing firms by providing better customer service and
O inventors coming up with new products that consumers desire and then charging high prices for those goods.
Save Question 10 (1 point) Rent Seeking is illegal because
O : the only way to get a government official to change the rules to help your industry is to bribe them.
O it is illegal for the government to do things that are economically inefficient.
O it is illegal for government officials to rent out government owned property for their own private gain.
O The premise of the question is false.
Rent Seeking is perfectly legal since it works through the normal process of petitioning our elected leaders to do things which are themselves legal.
An illustration of rent seeking is when a business engages lobbyists to persuade the government to change laws so they may profit more easily rather than trying to invest time and resources in bettering their products for the market.
Rent-seeking is the practice of using social or political influence to increase one's financial position without producing any new wealth. Rent-seeking actions have a detrimental impact on society as a whole. They lead to a decrease in economic efficiency due to resource misallocation, a decrease in wealth creation, a loss of tax revenue, a rise in income disparity, and a possible national downfall. Rent-seekers may benefit in a market through attempts to capture regulatory agencies in order to obtain a coercive monopoly while uncorrupt competitors may suffer. One of several conceivable rent-seeking behaviours is this one. The goal of rent-seeking actions is to earn financial benefits and gains by swaying the allocation of scarce resources. Such actions, in the opinion of economists, are harmful to both the economy and society. The ineffective resource allocation caused by the practice lowers economic efficiency.
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Countries or individuals will keep trading computers for phones until
a) the additional benefit from the last traded phone will equal the additional benefit from the last computer
b) each country acquires as many computers and phones as they can
c) the value of each additional phone and computer is equal for both countries or individuals
The gap between a device's social worth and its consumers purchasing price is known as consumer surplus, which measures consumer welfare.
Which trading is most suitable for newcomers?Swing trading, which entails keeping an investment for further than a day but less than a few months, is a good place for beginners to start. Compared to day trading, it takes less time and is less stressful. Stocks and cryptocurrencies are excellent for beginners.
Is it easy to learn how to trade?Anyone can comprehend how to buy stock, and they do not need a finance degree to do it. There are several ways for you to discover the basics of the share market. If you make an honest and sustained effort, you can understand the financial markets.
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the additional output a firm gets from hiring an additional unit of labor is the select one: a. value of the marginal product of labor. b. total product of labor. c. marginal product of labor. d. average product of labor.
Marginal product of labour is defined as output generated by adding 1 extra additional unit of labour. It is expressed as the ratio of change in total product to the change in total labour. Average product of labor is defined as the ratio of total product of labour to the number of labors.
So option C is the correct.
What is Marginal product of labour?The change in output brought on by adding a new unit of labor is known as the marginal product of labor (MPL).It is a feature of the production function and is dependent on the current levels of physical capital and labor. The marginal product of a production factor is typically defined as the change in output produced by a unit or infinitesimal change in the quantity of that factor, while maintaining all other input consumption in the production process constant.
Costs of production are directly correlated with the marginal product of labor. Fixed and variable costs are separated in costs. The marginal product of labor is defined as the change in output (Y) per unit change in labor (L).
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what practice best describes when divisional managers throughout an organization work together to achieve the organization's goals?
Goal congruence best describes when divisional managers throughout an organization work together to achieve the organization's goals.
Goal congruence occurs when individuals across various organisational levels have the same objective. An organisation may cooperate to carry out a strategy when its goals are aligned thanks to a thoughtful organisational design. The alignment of objectives is what goal congruence is about, yet absolute alignment is typically not feasible.
Alignment is easier and has a higher likelihood of success when all parties involved are aware of their goals. To assess whether a potential employee is a suitable fit for your company, it is critical to understand what each one of them hopes to accomplish.
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according to the von thunen model, market-oriented gardens and milk producers were located in the first ring because? (3 reasons)
According to the von Thune model, market-oriented gardens and milk producers were located in the first ring because of the Quality of the soil.
Soil, additionally generally called earth or dust, is a combination of natural remember, minerals, gases, beverages, and organisms that collectively aid lifestyles. some scientific definitions distinguish dust from the soil by restricting the previous time period, especially to displaced soil.
Soil includes a solid section of minerals and natural counted (the soil matrix), as well as a porous section that holds gases (the soil ecosystem) and water (the soil solution). accordingly, the soil is a three-country system of solids, liquids, and gases.
Soil is fabricated from several elements: the impact of climate, comfort (elevation, orientation, and slope of terrain), organisms, and the soil's figure substances (unique minerals) interacting over the years. It continually undergoes improvement by using manner of severe bodily, chemical and biological methods, which encompass weathering with associated erosion. Given its complexity and robust internal connectedness, soil ecologists regard soil as an atmosphere.
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only highly liquid investments with original maturities of less than six months at the date of purchase qualify as cash equivalents. true or false?
This statement is False, only highly liquid investments with original maturities of less than six months at the date of purchase qualify as cash equivalents.
A liquid investment is any funding that can be effortlessly converted into cash without having a good-sized impact on its price. Examples of liquid investments are cash, cash market finances, and shares of publicly held organizations that actively exchange on an established stock alternate. The sum total of these investments can be aggregated and compared to an enterprise’s short-term liabilities to look if there are sufficient liquid investments accessible to repay the liabilities, that's a key indicator of corporate liquidity.
Investments aren't taken into consideration to be liquid whilst it takes a big amount of time to convert them into cash, or if the act of selling them reduces their cost. as an example, the actual estate can take a long term to promote, and so is not labeled as a liquid investment. Or the shares of a business enterprise that can be thinly traded cannot be sold in bulk without causing a big downward shift of their rate, and so also are no longer taken into consideration to be liquid.
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