Mining companies , farms, financial services, and fisheries are all examples of Industrial markets
Industrial markets refer to the business who focus themselves on serving their costumer in specific field of products or services. For example, farms server their customers in Agricultural and farming products.
Answer:
The main difference between accounting and economic Profit is that accounting profit refers to monetary revenue minus monetary costs which includes any type of cost in the organization in the form of rents, salaries, material costs etc. Economic profit refers to the monetary revenue minus total cost.
Explanation:
Answer:
A, B and D
Explanation:
Under OSHA laws, employers must provide a safe workplace for the employees. All the danger areas must be indicated with either painting or signage. Using guard rails is an excellent way of demarcating danger zones. They keep employees away from dangerous spots. In this case, an employer should use guard rails in the following circumstances.
1.Around every floor hole into which a worker can accidentally walk. The guard rails will form a barrier that will prevent accidental falls into the hole.
2.Around every open-sided platform, floor, or runaway that is 4 feet or higher off the ground or next level. The guard rails form a wall that prevents employees in raised levels from falling to the ground.
3. Regardless of height, if a worker can fall into dangerous machines or equipment. In case of an incident, the guard rails will stop an employee from falling into dangerous machines or equipment.
Answer:
Income
Price of related goods
A good's own price
Tastes and preferences
Number of consumers
Explanation:
<u>A good’s own price:</u> the law of demand states that when prices rise, the demand falls. That also means that when prices drop, demand will grow.
<u>Income:</u> when income rises, so will the quantity demanded. When income falls, so will demand.
<u>Prices of related goods:</u> these are either complementary, those purchased along with a particular good or substitutes. They can also influence the demand.
<u>Tastes and preferences:</u> when the consumer’s tastes or preferences change in favor of a product, so does the quantity demanded.
<u>Number of consumers:</u> it has a major effect on the demand. As the number increases, the demand rises.
Answer:
correct answer is Option D
Explanation:
Option D - elastic, and the demand curve will be horizontal.
The quantity would be changed infinitely with a samll change in the the price. It means that demand is perfectly elastic and the curve is horizontal as the small change up decreases the quantity to zero and small change down increases the quantity infinity. Thus, option D is the correct ams of this questionwer