Do you need suppliers to be more responsive to your needs?

Q: What is the best way to deal with shortages after a natural disaster?

A: In a market, when producers supply a lesser quantity of output than its demand due to various…

Q: A necessity is defined as a good having

A: To find : What is definition of necessity.

Q: Economics What are two positive and negative externalities that would affect an online subscription…

A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: What elements are included in the definition of a product?

A: To meet consumer wants, any good service or idea can be classified as a product. Hence any physical…

Q: A loss of purchasing power due to a price increase and a decrease in the amount of one good…

A: Due to price increase, if the purchasing power of a consumer decreases, it is the income effect.

Q: What factors impact the list price to determine the final price?

A: The list price is the retail price suggested by the manufacturer. The final price is the price at…

Q: An increase in the supply of a good will increase the total revenue producers receive if?

A: A market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: How does the government intervene on the market?

A: There are three types of economic structure which are command or socialist economy, capitalist…

Q: Why it is essential to focus on the customer when planning sales calls?

A: Sales call refers to the situation where the sales person is meeting with the potential customer…

Q: The amount of a good that buyers are willing and able to purchase at a given price.

A: Consumer theory is the theory that deals with determination of a point at which a consumer maximizes…

Q: What should be done to regain the lost customers?

A: The lost customers can be gained by following ways: 1. Decide if the producer wants them back. Not…

Q: How Supplier relationship will affect the hospitality industry?

A: It is crucial to realize that the hotel business runs on a very distinct set of principles than…

Q: Need proper explanation

A: Central bank is the head of all commercial banks. There are many responsibilities that the central…

Q: Do you think 24-hour store follow the marginal benefits principles? Why or why not?

A: The dollar price a customer is able to charge for each transaction is often referred to as marginal…

Q: does not exist today for which there is a market need

A: Market need: It refers to the need or demand of the people who have to be fulfilled by the producers…

Q: How does consumerism provide opportunities for and limitations on impacting quality of life?

A: Consumerism is a policy in economics in which the market is determined by people's choices and…

Q: does poverty have an effect on juvenile deliquency?

A: Yes, poverty has an effect on juvenile delinquency. Poverty is a major repeating factor of juvenile…

Q: Give information according to the words given: 1.Economic Impact a) consumer b) supplier c)…

A: a) Consumer:- The mechanism by which goods and services are put to final use by people is known as…

Q: Is buying a steak at the restaurant considered a good or service?

A: Answer: Introduction: Goods: goods are those things that have a physical presence. In other words,…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: Why are celebrities endorsed brands more expensive?

A: The company’s sales and market share of branded items will be increased with the help of celebrity…

Q: An increase in quantity demanded

A: Here an increase in quantity demanded is due to change in price and this cause movement along the…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: Which of the following is a very important tip you should do before submitting your cover letter?

A: b) Have someone else read it

Q: Goods that satisfy humans wants though their direct use or consumption are called _______?

A: According to the given question In simple words the consumption in economics is basically known as…

Q: How can our customers influence us?

A: A customer refers to any person who buys a good or service from a business. Any business is based on…

Q: Why would a company ever want to sell its goodsor services for less than they cost to produce?

A: Business is important all around the world. For the functioning of business, four factors of…

Q: What is supplied

A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…

Q: market demand

A: Demand is defined as the quantity of the good or service demanded by a consumer at a particular…

Q: price,

A: Demand generated by all the consumers/individuals at a given price during a duration depicts demand.…

Q: Does a huge supply of a product lower or higher the price of a product?

A: Supply and demand is an economic model of price determination in a very market. It concludes that in…

Q: Where does a buyer, who has no experience with a given supplier, gather the requiredinformation?

A: In a market for a particular good, an equilibrium in the market is efficient when the buyer and…

Q: What is the value of the exercise price? $

A: An option refers to a contractual agreement that gives the buyer the right but not the obligation to…

Q: How does the market structure affect the price of a good or service?

A: A market is a gathering of buyers and sellers to reach an agreement on the price and quantity of…

Q: What are the Factors Affecting Consumer Decision Making?

A: A consumer is an individual or household who seeks to maximize his/her utility given his/her income…

Q: What is the best price that producer must determine so as to achieve maximum revenue

A: Total Revenue is the product of the number of units sold multiplied by the price. Similarly, the…

Q: Factors that influence demand and supply

A: Supply and demand, in economics, is relationship between the amount of goods that producers want to…

Q: Market forms

A: Market structure is a term used in economics to describe how various industries are classified and…

Q: How do market affect your life

A: Market is the place where seller and buyer are exchange the goods and services at a specific Place.

Q: Outline the six steps in the consumer decision process.

A: The consumer decision-making process refers to how the consumer identifies his needs, collects…

Q: Roberta Y Clothing C. Anta X Food

A: In the commodity as well as factor market, the Edgeworth box is used to find out the contract curve.

Q: When Sasha's father speaks to her but she is distracted and looks around, he sometimes reaches out…

A: There are different kinds of toh which includes demand touch, friendship touch, social polite touch,…