Answer: is an indication that product demand is declining.
Explanation:
The negative sign on the slope of the time-series trend equation simply explains that the product demand is declining.
A negative slope indicates that two variables are negatively related which implies that when the value of x increases, rhen the value of y decreases, and vice versa. When putting this in a graph, the line falls when the line that's on the line graph shifts from left to right.
The correct option is C
Answer:
The economic incentive was to produce enough to meet the output target, without regard for quality or cost.
Explanation:
As the only condition for the payment to the producers is linked with the output thus there is no constraint for the quality and the sales of the product. This indicated that the producer will get the reward irrespective whether the quality or cost of the product is feasible or not.
<em>There are many ways to gather customer feedbacks. Such ways are:
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<em>1. Use of survey forms in written and electronic process (by means of emails and online forms). - Letting customers to answer survey forms for you will let you know how you are performing in terms of customer satisfaction. Whether it is in a form of manual paper surveys or online surveys.
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<em>2. By calling and messaging your customers regularly. - If you cannot make time to create survey forms, you can call your clients directly to ask them about their satisfaction with your service. The advantage of this method is you can get the feedback right away and at the same time, you can hear it directly from the customers with full detailed explanation.
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<em>3. By establishing a page in social media and monitors it for their reactions and feedbacks. - social media can be a huge help when it comes to gathering customer feedbacks. Millions of people owned social media accounts even businesses. This method is faster among any other methods mentioned.
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<em>4. By having live chat support on your webpage and social media accounts. - You can also add live chat support in your webpage and social media account for complete customer feedback experience.
</em>
<em>Customer Feedbacks are extremely important so you can know the things that you need to improve and you can know the current standards of your company if you are really helping your customers. Bad customer experience can lead to bad reputation. In order to change that reputation, you must know how the customer get into that situation and plan for a change of action.</em>
Answer:
To maximize utility, Bill can will buy one banana and one apple.
Explanation:
Utility maximisation refers to the concept that individuals and firms seek to get the highest satisfaction from their economic decisions.
For example, when deciding how to spend a fixed some, individuals will purchase the combination of goods/services that give the most satisfaction.
The theory of Utility maximization highlights two fators
- combination of goods
- Highest satisfaction that is cost effective
if a banana cost half as much as an apple,
Cost of banana = cost of apple/2
cost of apple - cost of banana × 2
Assuming the cost of one banana is $1
The cost of buying 6 bananas = 6×$1 = $6
the same $6 can only buy 3 apples
Therefore the price of apples is $2
If the total amount available = $6,
It can purchase one banana and one apple.
