Answer:
Two out of the three uses of money are identifiable in this short story
1.Means of exchange.
2.Store of value
3. Unit of account
Explanation:
Means of Exchange and Store of value were the two uses of money that can be explained by this short story.
1. Means of exchange: When Matt decided to buy the new console, he used the money as a mean of exchange
2. Store of value: When LeRoy decided to save the money for one year and the money still have the same value of $300.
As for the third use of money Unit of account, It is not illustrated in the short story but an example of this use is the bookkeeping done in the accountant department of the store that sold the console.
Answer: the modification adds distinct goods or services at a price that reflects their stand-alone selling price.
Explanation:
When multiple goods or services are offered in the same contract they are not usually given their standalone price but rather a contract price that is less as a form of discount for getting all the goods at the same time.
When a modification is added however, that reflects the standalone price of goods added, the contract has to account for the contract modification because there are now multiple pricing conventions and this needs to be accounted for.
Answer: culture
Explanation:
Culture is the custom, ideas, and the social behaviour of a particular society. For an organization to develop a marketing strategy that is successful, the organization must consider the cultural influences of the people where a new product will be introduced.
People make decisions on the consumption of a product usually on their cultural influences. The Nike advertisement involving Chinese was an example of cultural influences in marketing strategy.