A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.
B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."
C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.
D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.
Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions. Core business functions are activities of an enterprise yielding income: the production of final goods or services intended for the market or for third parties
I would say true, considering the French term valet was used in the late 15th century when they referred to a footman acting as an attendant to a horseman, which evolved into a man's personal male attendant, responsible for his clothes and appearance, which could also be a caretaker.
B. Level of involvement
The consumer's level of involvement gauges how much activity and effort the consumer is willing and able to put into the decision-making process and whether he or she will engage in extended problem-solving. The marketer and producer must consider how engaged and involved the consumer will be to determine whether it will be a habitual or extended thought process.
Answer:
A. Conflict of interest
Explanation:
Conflict of interest for an organization or company is a situation whereby the organization has competing interest or loyalties become of their duties to provide more than one service for an individual or organization. This is why the act prohibited accounting firms from doing both consulting services and auditing services for the same clients as there'd be a lot of conflict of interest in doing both.
The company may not be able to make a fair decision if they would be affected by it.
