Explanation:
Business is an important source of government revenue so the business activities contribute to the government revenue in the form of taxes such as excise duty, sales tax, income tax, proper tax, entertainment tax and so on.
It also helps to develop our country.
It also helps reduce financial burdens on us.
Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.
Business also involves people customers and employees so communication and interpersonal skills are vitally important as well.
Answer:
The natural monopoly will have incentives for efficiency and innovation
Explanation:
Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.
In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.
This is an example of (C) reducing the risk for consumers.
<h3>Reducing the
risk for consumers:</h3>
- Consumer risk is the danger of difficulties with a product that does not exceed quality standards and consequently enters the market undetected.
- This can result in financial and other losses, such as a loss of reputation, a loss of market share, or even the loss of life.
- Brand loyalty and significant brand image are the most effective in minimizing consumer perception of risk for all four categories of loss.
- Furthermore, Locander and Hermann (1979) investigate the links between information-seeking activities and five products with varying amounts of performance risk and social risk.
How many consumers lower their perceived risk:
- Determine the Potential Risks.
- Provide unbiased data.
- Provide guarantees.
- Make use of Endorsements.
- Display Testimonials.
Therefore, this is an example of (C) reducing the risk for consumers.
Know more about risks here:
brainly.com/question/1142721
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The complete question is given below:
In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of
(A) following a federal regulation.
(B) lowering prices for customers.
(C) reducing the risk for consumers.
(D) creating a new or better product
Gary's task-oriented leadership behavior is likely to be ineffective because experience substitutes for this leadership behavior.
The task oriented style of leadership is a type of leadership that is mostly focused on whatever it takes to get the job done.
Gary's leadership style is most likely to have minimal effect. The reason is due to the fact that there is the experience factor.
In summary the answers to the question can be listed out in this order.
- Task-oriented
- ineffective
- experience
- substitutes for
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Answer:
The answer is A.
Explanation:
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