Answer: (C) Special agent
Explanation:
Special agent in real state is known as the authorized agent as they perform various types of functions related to the transaction. The broker in the real estate is one of the example of the special agent in an organization.
The special agent is performing only specific duties that are assigned by the manager and they always maintain relationship with the customer.
Therefore, the brokers of the real estate always act in the capacity of the special agent.
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Answer:
D. relatively more inelastic because wine is a luxury.
Explanation:
Elasticity is a measure of the sensitivity of demand to price changes. When price changes significantly alter demand, we say that demand is elastic. On the contrary, when price changes do not significantly alter demand, we say that demand is inelastic. This is the case of wine in relation to water. Wine is a good that can be considered sophisticated, luxury. Therefore, consumers are less sensitive to variations in the price of wine. However, water is an abundant good and demanded by all. If the price of water increases, demand tends to decrease as the elasticity of water demand is relatively greater than the elasticity of demand for wine. In other words, wine the demand for wine is relatively more inelastic.
Answer: The bargaining power of buyers.
Explanation: The bargaining power of buyers is one of the five forces in the Porter's Five Forces of Industrial Analysis Framework a business analysis model that provides information on the different levels of profitability of various industries. Buyers (in this case Smithy) can raise competition within an industry by forcing down prices, requesting discounts, bargaining for improved quality or more services from their suppliers (in this case, AG). In doing this, they are exercising the bargaining power of buyers which refers to the pressure that users of products and services can put on businesses to get them to provide higher quality products, better customer service, and/or lower prices/discounts among others.
C would be the answer. (super sorry if thats wrong)
