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natita [175]
1 year ago
10

The term consumer sovereignty means that Multiple Choice government is responsible for protecting consumers' interests. what is

produced is ultimately determined by what consumers buy. there are no limits on what consumers may buy in a market system. producers have strong control over what consumers buy.
Business
1 answer:
JulijaS [17]1 year ago
7 0

The term consumer sovereignty means that what is produced is ultimately determined by what consumers buy.

  • The following are some restrictions on consumer sovereignty: Productive powers: In a capitalist society, the consumer's degree of autonomy is constrained by the collectively held productive abilities.
  • Technical knowledge level: With the current level of technology, any things created must satisfy the consumer.
  • When businesses invite consumers to test products or hear pitches for new ideas, this is an example of consumer sovereignty in action.
  • It grants consumers control over the decision-making process before goods are produced.

What does consumer sovereignty mean?

  • consumer autonomy. the ability of customers to control production. variable market.
  • a transaction in which businesses buy home inputs for production.

Learn more about consumer sovereignty brainly.com/question/2218376

#SPJ4

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Frank is a board member at Lofloy Greens Inc.,a publicly traded company.In addition to his duties on the board,Frank is also a f
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Answer: C) Frank is an outside director on Lofloy's board of directors.

Explanation:

As Frank has a full time employment position as a senior manager at Spinson Locomotives, he is most likely an outside director on Lofloy's board of directors.

Outside directors are those members of the board in a company that are not employed by the company which Frank isn't.

Outside directors like Frank are thought to be more impartial in decision making and for this reason companies are usually required to have a certain number of them sitting on the board.

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3 years ago
A​ firm's annual​ stockholders' report​ ________. A. summarizes and documents the​ firm's financial activities during the past y
Ira Lisetskai [31]

Answer:

<u>A. summarizes and documents the​ firm's financial activities during the past year</u>

Explanation:

  • A forms annual report is a consolidated report on the financial standing of the company interns of assets and the liabilities and also includes other financial activities done by the company through the preceding year.
  • The report is meant for the shareholders and tells about the companies financial information along with the financial performance of NPAs and the company stocks this includes balance sheets, audit reports, and income statements.
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Patti volunteered to cover the balance of a​ coworker's shift so that he could pick up his sick child from day care. this is an
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Patti volunteered to cover the balance of a​ coworker's shift so that he could pick up his sick child from day care. this is an example of​ organizational citizenship (OCB). OCB stands for <span>person's voluntary commitment within an </span>organization <span>outside her contractual tasks. The father of OCB is Dennis Organ. He defined the term in 1988.</span>
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3 years ago
"Only one firm produces and sells soccer balls in the country of Wiknam, and as the story begins, international trade in soccer
sweet-ann [11.9K]

Answer:

Explanation:

a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4

price P=15-Q=10-4=6

profit=6*3-TC=18-(3+4+0.5*4^2)=3

b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.

c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.

d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.

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Answer:

a.subforms

Explanation:

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