Few organizations (like restaurants) offers both goods & services. What attribute of quality the organization should add in goods area versus services area?

Q: Economics Q: a salesperson preparing an agreement to lease a condominium must explain to the tenant…

A: Amenities are defined as a desirable or helpful component of a building or area. It aims to give…

Q: Why there are strong similarities between the optimizing decisions made by firms and those made by…

A: Solution: Consumers Behavior: Consumers behavior means how a consumer behaves at the time of…

Q: A customer says to a salesperson 'How much for that television?". What is this an example of? An…

A: The economics as a study is based upon the basic idea of the limit to the resources which are there…

Q: A restaurant, has two main courses, steak and fish. Assume for simplicity that both specialties can…

A: Willingness to pay for Mr. A: Steak=$120, Fish=$40 Willingness to pay for Mr. B: Steak=$50,…

Q: Discuss resource market.

A: A resource market is a market where a business can proceed to buy resources to deliver labor and…

Q: Juan buys t-shirt and wears it right away. The t-shirt is considered as ______ good. a. buyer b.…

A: Consumer goods are the goods that are consumed by the consumer after the purchase of the good.…

Q: When loyalty programs work, they result in one or more of the four effects of loyalty.  Discuss…

A: Loyalty Programs: These are the techniques to attract customers and boost the sell. Under the…

Q: Mohammed opened a new restaurant with Omani staff in Seeb specialized in Omani food. The restaurant…

A: With information technology,software would be created.

Q: You want to buy a new book. The benefit you get from the book, expressed in dollars, is $100 The…

A: Opportunity costs or implicit costs are the benefits from next best alternative.

Q: List five typical attributes that an entrepreneur should have.

A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to…

Q: Willy owns a small chocolate factory, located close to a river that occasion- ally floods in the…

A: Given ,  Probability of flood = 0.1  Value of Factory = 50000   Probability of no flood = 1 - 0.1 =…

Q: Peers, culture, advertising, and even confusion can be considered forms of   A Supply B Demand C…

A: Opportunity is the chance that helps to make something possible to do in business or other sectors.

Q: "Costs do not affect the market price" is this statement right or wrong? Show your work

A: Answer: According to a prior research of price determination in the market age, production expenses…

Q: The XYZ company is currently evaluating its investment. If Mr. Dela Cruz, the chief operating…

A: As the wants and desires of individuals in the economy are unlimited but the resources available to…

Q: At the flower shop, where you manage twoemployees, your employees perform two tasks,caring for the…

A: Management refers to the technique or procedure used to organize various resources systematically.…

Q: The vast array of products that consumers buy can be classified on the basis of shopping habits and…

A: Consumer goods are referred to as the goods used by the people and are generally considered durable.…

Q: Chandra received a gift certificate that covers threesalsa dance lessons. After the first lesson,…

A: The opportunity cost is that cost which must be given up to get something desirable.

Q: Lifestyle is a strategy to promote a product to make consumers to believe that the new solution,…

A: Lifestyle is a strategy to promote a product to make consumers to believe that the new…

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: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: There is value in evaluating the products you buy out of habit because you may find that you have…

A: In a market, there are various types of products offered by the producers from which some of the…

Q: Economics Three brands of apples (Anti, Banti, Canti) are currently available to consumers in town.…

A: Here, the information about the price and perceived benefit from different brands of apples.

Q: production for the individual consumer or firm will be where _________________________.   Marginal…

A: Marginal cost is the additional cost incurred with an additional unit of  output produced.

Q: Discuss whether the goal of efficiency is in line with Islamic principles

A: Goal of efficiency involves different principles such as minimisation of cost,minimisation of…

Q: the following statements describes Principle 1: Peoplé face tr Binge watching your favorite drama…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 question for you. If…

Q: On January 12, 2010 a magnitude 7.0 earthquake rocked Haiti. One million people were left homeless.…

A: In dog training, both classical and operant conditioning is used. Classical training is used to…

Q: Organizations want customers to be satisfied. Imagine you’ve been asked to estimate the relative…

A: Customers are anyone to whom a corporation sells goods, services, or experiences. Because customers…

Q: Juan buys t-shirt and wears it right away. The t-shirt is considered as ______ good. a. buyer b.…

A: Consumer goods are those goods which are used as basic necessity like food, clothing etc.

Q: Joe works for pay at a local newspaper 20 hours per week as a columnist, and spends 20 hours week…

A: From the statement, it is clear that Joe is working for 20 hours per week as a columnist with pay…

Q: If 4 hours is the efficient amount of time to exercise for the week, then exercising for 10 minutes…

A: The benefit that a person obtains from consuming one additional unit of an item or service is known…

Q: Choose the letter of the best answer. Write the answer on a separate sheet of paper. 1.These are…

A: Consumer: These are the individual/ or group of individuals who buy goods and services for personal…

Q: To what extent do ethical norms reflect a company’s dedication to the Triple Bottom Line?

A: In finance, when we discuss an organization's bottom line, we normally mean its benefits.…

Q: Why do managers make bad decisions?

A: Managers and leaders are simply human, and people aren't ideal decision-makers, so anticipate a…

Q: An opportunity cost is the: a. monetary price paid for a good or service. b. cost of finding the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Steve produces bells. He spends time to create a custom design for each client. Once the bell is…

A: Since you have asked multiple questions, we will solve the first one for you. If you want a specific…

Q: Discuss the ethical principles in business.

A: The ethics in business implies general ideas of ethics to the behavior of the business. The ethics…

Q: List the multiple factors that affect a company's market value?

A: Market esteem/value (otherwise called OMV, or "open market valuation") is the value a resource would…

Q: goods a. The willingness and ability to take the risks involved in starting and managing a business.…

A: The given match the following is related to production and factors of production.

Q: Question 2 A rational person makes a choice if  Group of answer choices the choice makes money the…

A: Rational person is considered to be the one who thinks logically based on intelligence not on…

Q: How can organizational context influence the decisions made by organizational members?

A: The term organizational context refers to the context of the organization which includes :- how big…

Q: Someone gives up going to see a movie to study for a test in order to get a good grade. The…

A: Opportunity cost represents the potential benefits that one has to give up while choosing an…

Q: Discuss the principles of individual decision making with examples

A: People continuously make decisions. Their behavior determines the behavior of the economy as the…