Product market comparisons that focus on labor costs are likely to deserve greater weight when product demand is inelastic.
<h3>What is the product market?</h3>
The product market is defined as the marketplace where final items or services are sold to firms and the government.
It does not concern trading in raw or another intermediate substances because it concentrates on the selling of finished goods. Business enterprise market and labor market are two speeches that are related to but not interchangeable.
When product demand is inelastic, product market comparisons that focus on labor costs are more likely to be valuable.
Learn more about the product market, refer to:
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So the answer of the question is a
A.incrased
Answer:
The correct answer is (b)
Explanation:
It is generally said that if you’re in a family business you are in a partnership. The partvizians is a family which owns several rug stores. When their children will take over the business they will be considered partners. They will own the business equally and they will share the profits and losses. It is also known as a family-owned business where two or more family members run a business and act as business partners.
<span>Car when parent bought it= 5000$
level when parent bought it =50
Car when I bought it= x$
level when I bought it =200
x=(5000*200) divided by 50
x=5000*4
=20000
Answer for parents car value today = 20000$</span>
Answer:
(C) Laggards
Explanation:
A laggard in general refers to someone who lags behind or whose progress is slow.
The word "adopter" refers to, someone who adopts and accept something new. Adopters are categorized as, customers based upon their desire to try out new things or accept latest trends.
Five kinds of adopters are described under the said classification namely, innovators, early adopters, early majority, late majority and laggards.
In the given case, Tom belongs to the category of "laggards" as evidenced from his ignorance and unwillingness to accept technological advancements. The acceptance of a smartphone later, has been an outcome of requirement and not his own willingness here.
