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11 months ago

In the context of a business where products and services are offered to customers, demand is created by the?

1 answer:

3 0

In the context of a business where products and services are offered to customers, demand is created by the customers.

This is further explained below.

<h3>What are customers?</h3>

Generally, In the context of a company that provides goods and services to consumers, the demand for such goods and services is generated by the customers themselves.

In conclusion, the Customer is the receiver of an item, service, product, or idea that was gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valued consideration. The term "customer" is used in the contexts of sales, commerce, and economics.

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What focuses on how individual users logically access information to meet their own particular business needs?

Andrew [12]

Logical view focuses on how individual users logically access information to meet their own particular business needs.

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2 years ago

Indicate whether a change in the value of each of the following determinants of demand leads to a movement along the demand curv

Marizza181 [45]

Answer:

movement along the demand curve: i

shift in the demand curve: ii, iii, iv, vi

no effect: v

Explanation:

A change in the price of the product causes quantity demanded to change. It will be indicated by a movement on the same demand curve.

A change in other factors will cause the demand for the product to change. It is indicated by a shift in the demand curve.

i. Change in the market price: movement along the demand curve

ii. Change in income: shift in the demand curve

iii. Change in consumer expectations: shift in the demand curve

iv. Change in the price of a related good: shift in the demand curve

v. Change in the price of an unrelated good: no effect

vi. Change in preferences for this good: a shift in the demand curve

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2 years ago

Monty has launched a company with the help of crowdfunding. He wants to secure the computer algorithm that he uses in his primar

ohaa [14]

Answer: A. Utility Patent

Explanation:

Generally speaking there are 3 types of patents including Utility, Design and Plant Patents.

The relevant patent here however is the Utility Patent.

Utility Patents enable the protection of a NEW and USEFUL process, product or machine. It is essentially meant to protect inventors and their invention from others who may seek to use the invention in any way without permission.

Algorithms fall under this patent as well and as such it is best that Monty uses it.

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2 years ago

17. Which activities are associated with the acquisition and disposal of long-term assets (for example the purchase of equipment

valina [46]

Answer:

B) Investing Activities

Explanation:

Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.

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3 years ago

The journal entry to record direct labor used in process costing is a(n):___________

Degger [83]

Answer:

b. increase in assets and an increase in liabilities.

Explanation:

The journal entry to record the direct labor cost used is shown below:

Work in process Dr

To wages payable

(Being the direct labor cost used is recorded)

Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities

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2 years ago