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NNADVOKAT [17]
1 year ago
13

3. Analyze. Explain how scarcity is related

Business
1 answer:
frosja888 [35]1 year ago
8 0

Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.

Because of the above, one has to carefully make their choice while allocating the resources accordingly.

<h3>What is opportunity Cost?</h3>

When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.

<h3>What is a rationing device?</h3>

A rationing device is a system that determines who receives what of limited commodities and resources.

Price is one of the most regularly employed rationing techniques in a capitalistic (market-based) economic system.

Those who are willing and able to pay the price for a certain commodity (or resource) can obtain it.

Learn more about Scarcity:
brainly.com/question/4747543
#SPJ1

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Answer:

If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?

The concept used by the company that produces, promotes, and sells bags made of recycled paper is societal marketing concept

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This concept simply entails running of a long term interest which does not only suits customers wants alone but also makes the priority of the company paramount.

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The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images,
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It is the task of <u>"Public Relations".</u>


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MC Qu. 74 If a firm's forecasted sales are... If a firm's forecasted sales are $238,000 and its break-even sales are $184,000, t
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22.69%

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Margin of safety = (forecasted sales -  break-even sales) / forecasted sales

( $238,000 - $184,000) / $238,000 x 1000 = 22.69%

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How does communication aids to trade​
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Aids to trade communication

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Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.

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