Answer:
Money is served three purposes- unit of account, store of value and medium of exchange
Explanation:
In this question, we are to identify the role money plays in each of the following parts of the story.
Money is used to measure the valueof good in money unit, so the values can be compared easily.
In the first case, Van is comparing between value of goods. the money serves as unit of account.
Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.
In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.
Money also has store of value, it can be saved and exchanged for goods over time.
In third case, Van is saving money for future exchange, money is serving its store of value function.
Answer:
Just -in-Time(JIT)
Explanation:
Just in time is a lean manufacturing approach through which Organisation manage inventory in such a way that the supplies are received just at the time it is required, just-in-time is one of the key strategies adopted by Toyota in Japan in order to enhance its Efficiency and ensure that it doesn't take the cost of storing inventories in its operations.
Answer:
degree of newness of the product as perceived by the intended market.
Explanation:
As the new product is in the market so the willing of the consumers are to evaluate the production that depends upon the product newness in the market
The other options are incorrect as if the evaluation of the consumers depend upon the irrational beliefs so it would not be intended to purchased
Therefore the last option is correct
hence, the same is to be considered
Answer:<u><em>Option (b) is correct.</em></u>
Explanation: Freedom of Information Act customarily provides that any individual has the freedom to application access to governmental agency transcript or information except to an amplitude the transcript are protected from acknowledgment by nine exemptions encompass
ed in the law. Most of these documents are redacted.
