Answer:
The correct answer is Place Utility
Explanation:
Place Utility is the utility that a good has because of the place where it is located. A product that has high place utility is a product that is near customers, or that can change locations in order to be even nearer to the customers.
This is a fancy way to say that delivered products are useful because they are available at your doorstep, which is the most convenient place possible. This is the principle from which Amazon has built. Amazon depends on the place utility of the products it offers.
Answer: the loss of potential gain from other alternatives when one alternative is chosen
Explanation:
Answer: The answer is as follows:
Explanation:
(1) When the consumers buy tablet computers, so this exchange will be occurs in the product market because there is a exchange of goods and services between the two parties that the buyer of tablet computers and seller of the same. Product market refers to the market at which there is a buying and selling of goods and services.
(2) Whereas the resources that are used to produce the tablet computers are bought and sold in the factor market. Factor market refers to the market in which there is a buying and selling of inputs that are used to produce certain products.
Richard Buskirk said that the ideal business would have no employees or minimal labor requirements. He said the business owners should do everything yourself, subcontract the rest, because this avoid benefits, labor hassles, government reporting.
He is advocating for a one-man show.
