Answer:
This illustrates the principle that;
c.people face trade-offs.
Explanation:
Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;
1. Trade-off
A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.
Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.
Answer:
wholesaler
Explanation:
A wholesaler is part of the downstream supply chain. It operates by purchasing large amounts of certain goods and then reselling them to smaller retailers. Wholesalers act as intermediaries between small retailers that are unable to purchase large amounts from manufacturers, but still need to purchase them at a discount price. Generally, wholesalers do not sell directly to the general public, only to other smaller businesses.
Answer: E .
The three most important reason'sfor a firm to locate in a particular region are,RAW MATERIALS
PERISHABILITY
TRANSPORTATION COST
Hope it's correct,
Answer:
3.5 customers
Explanation:
The computation of the average number of customers in the system is shown below:
= (Arrival rate) ÷ (Service rate - arrival rate)
= (210 customers) ÷ (270 customers - 210 customers)
= (210 customers) ÷ (60 customer)
= 3.5 customers
We simply apply the average number of customers formula so that the correct value can come
All other information which is given is not relevant. Hence, ignored it
