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Juli2301 [7.4K]
2 years ago
6

In most markets, _____ is determined by the interactions of numerous buyers and sellers.

Business
1 answer:
anastassius [24]2 years ago
4 0

Buyers and sellers interact in a market to exchange commodities, services, or resources. Prices and trade volume are mostly influenced by how buyers and sellers interact in a "market."

The buyer-seller interaction process is viewed as a transaction in and of itself, with potential for numerous outcomes. The buyer-seller interaction, which is compared to the effect of advertising, is assumed to carry out any of the following five functions: raise awareness of each other's expectations about the product or service; remind each other of past successful transactions and their behavioral outcomes; reinforce each other's behavior related to the sale of the product or service; prompt behavioral actions on each other's parts by intensifying expectations; and persuade each other.

To learn more about interactions of buyers and sellers in market here

brainly.com/question/2976497

#SPJ4

You might be interested in
Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer differentiated product
LenaWriter [7]

Answer:

B) False

Explanation:

The correct phrase should be:

Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer standardized products, while oligopolists producing consumer goods usually offer differentiated products.

An example of an oligopolistic industry that we all know about is the car industry. There are very few car companies in the world since only very large companies can actually manufacture cars. Car companies offer differentiated products.

8 0
3 years ago
discretionary fiscal policy is a fiscal policy action, such as Group of answer choices an increase in payments to the unemployed
Olegator [25]

Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.

What is discretionary fiscal policy?

Discretionary fiscal policy is a policy in which government uses taxation and spending to influence aggregate demand.

Hence, Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.

Learn more about fiscal policy here: brainly.com/question/6483847

#SPJ12

3 0
2 years ago
You are the executive director of a nonprofit that runs an animal shelter and animal services, such as low-cost spay/neuter prog
KonstantinChe [14]

Answer:

I will:

b) Hold meetings with employees, volunteers, and representatives of other local shelters and listen carefully as they brainstorm ideas.

c) Honestly acknowledge the challenges the organization faces while also communicating optimism about finding the resources to fulfill your mission.

Explanation:

a) Withholding information about the organization's financial picture will not make employees to be loyal.  They are likely to find out the true position sooner than later.  If information is withheld and they find out later, they would never be loyal.  They would certainly leave the organization before financing is found for the organization sustenance.

b) Deceiving people by staying in the office and maintaining a "poker face" is not an option either.  "Poker face" cannot last forever.  One day, the true picture will show on the face.  Deception is not an art for business progress.

8 0
3 years ago
Boswell company manufactures two products, regular and supreme. boswell's overhead costs consist of machining, $3,000,000; and a
yawa3891 [41]
Total overhead costs
3000000+1500000=4500000

Total direct labor hours
10000+15000=25000 hours

Predetermined oH rate
4500000÷25000=180

Overhead applied to regular
180×10000 h =1800000...answer


4 0
3 years ago
Insurance is _____________ when the possible loss is relatively large compared to the amount of the premium.
Andreyy89

Using economic understanding, insurance is "<u>Economically feasible</u>" when the possible loss is relatively large compared to the premium amount.

This is because when an individual insured on a premium account loses huge properties that are considerably large compared to the premium paid, this is economically feasible to such an individual.

For example, if an individual has his vehicle worth $1 million on damaged but has only paid less than $100,000 as insurance fee, such individual would have his car replaced by the insurance firm, despite only paying 10 percent of the car price as insurance fee.

Thus, this situation is considered <u>economically feasible.</u>

Hence, in this case, it is concluded that the correct answer is "<u>Economically feasible."</u>

Learn more here: brainly.com/question/13769098

8 0
3 years ago
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