Answer:
communist
Explanation:
Under the communist system of the market, the factors of production are owned solely by a group. Group usually is the representation of the form of the government. The means of production which are the labor, capital, natural resources, and the entrepreneurship are all controlled and owned by the government. The government has total control over the market.
Answer:
There is a positive relationship between the length of a loan and its interest paid
Explanation:
A positive relationship exist between the length of a loan and the interest paid. A higher interest will be paid for a longer time period. This is so because the lender is giving out a sum of money for more than the average time period, hence the interest must be increased appropriately too.
Hence, the shorter the repayment time for a loan, the lowest the interest and vice versa.
Answer:c. continue to operate her business, but in the long run she will probably face competition from newly entering firms
Explanation:
Monthly revenue = $4500
Monthly Variable costs = $1000
Monthly Revenue is higher than Monthly Variable Costs, Susan's catering business will earn an economic in the short run. SHE should continue to operating.
Susan will face competition in the long run because other firms will want to enter the market because of economics profits in the catering industry.
Answer:
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
answer is B
