Answer:
The correct answer is 0.4
Explanation:
Marginal Propensity to consume
21 Billions- 16 Billions = 5 Billions
2 Billion ÷ 5 Billions = 0.4
The MPC will be equal to 0.4
Answer:
The long and complex chain involved farming, ginning, spinning, weaving, and stitching.
Explanation:
Base on the scenario been described in the question, the statement that best or accurately describes IKEA's supply chain is the long and complex chain involved farming, ginning, spinning, weaving, and stitching.
Answer:
$100 would be held as required reserves
$900 would be available to be given out as loans
Explanation:
The required reserve is the minimum amount set by the Central bank that must be held as reserves by banks.
If $1000 is deposited and 10% is the required reserves, 0.1 × $1000 = $100 would be held as required reserves.
$1000 - $100 = $900 would be available to be given out as loans.
I hope my answer helps you.
Answer:
Explanation:
Marketing for an organization is usually characterized by the four Ps. They are product, price, place, and promotion. These are basically the factors that the firm can control and make their product appealing to maximize their profit and revenues.
Choosing marketing mix is an important step for product/service marketing. It takes into consideration the segment of the market that the product is meant for. It attempts to position the product into the target audiences preference set.
Without marketing mix, the organization does not have a strategic handle on the product and decision making cannot be streamlined. For example, if an organization faces low sale volume, they may try to reduce the price and see if the product does well. If they have not created a marketing mix and have a strategic approach then they will unlikely be able to attempt different strategies to correct their marketing efforts.
Hence, marketing mix is an extremely important set of data and tool for the overall marketing plan of the product/service.
