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1 year ago

According to the law of supply - as the price of a good - service - or resource rises:______.

1 answer:

6 0

According to the law of supply - as the price of a good - service - or resource rises: it results in an increase in the quantity supplied.

Law of supply has direct relation with prices and quantity supplied.

Prices and quantities are directly linked with one another. Quantities respond in the same way as price does. It means that when the price paid by the buyers for goods and services increases the supplier increases the supply of goods and services as well. The law of supply basically shows producer behavior when there is a change in the price of products offered by them.

As the basic aim of every business organization is to increase profit and sales when they expect to receive higher profit from something they produce more to earn more profit. Similarly, if the prices fall the producers are reluctant to produce more. If the demand from consumers rises the prices will increase and the quantity supplied will also increase. If the demand decreases price will also fall and the quantity supplied will also decrease.

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Durable goods and non-durable goods comprise approximately ________ of the supply side of the gdp.

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3 years ago

Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and prepar

miss Akunina [59]

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Been confident, have a good poised, and been professional.

<h3>What is a personal commercial?</h3>

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Greet by saying: Hello, my name is (name).
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A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

Conclusively, By following the steps above, one can give a good personal commercial.

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2 years ago

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Alenkinab [10]

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2 years ago

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Which one of the below is the MAJOR responsibility of a businessperson:

igomit [66]

Answer:

B) Making the value of the company increase by generating increasing revenues and profits

Explanation:

The main responsibility of a manager is to increase the company's value in order to increase the wealth of its owners. Of course this should be done in a legal way, e.g. a drug lord that makes millions can't be considered a good businessperson. The responsibility of a manager do not end there, they also have a duty with all the stakeholders of the company, starting with the employees, the government, the environment, their customers, and society as a whole.

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3 years ago

The date the board of directors votes to declare and pay a cash dividend is called the?

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The date the board of directors votes to declare and pay a cash dividend is called the date of declaration.

<h3>What does the declaration date mean?</h3>

A declaration date refers the date on which the board of directors of a company announces the next date of dividend payment. The board of directors of a company announces a cash dividend on a declaration date, which involve paying a certain amount of money per common share.

A declaration statement is issued that mainy includes the details such as the size of the dividend, the record date and its payment date.

Basically, the date on which the directors vote to declare and pay a dividend is called the declaration date.

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1 year ago