Corporations, entities that sold shares of partial ownership in exchange for capital, became more common as the concept of limited liability emerged.
<span>Incorrect Answer(s)</span>
Answer: Option(C) is correct.
Explanation:
Correct Option : A shift from LRAS 1 to LRAS 2 with higher output at a lower price level.
If there is a reduction in the tax, this will directly affect the disposable income of the people. Means that their disposable income increases with fall in the taxes.
Now, consumer will demand more because of higher disposable income and producers supply more as their cost of production decreases because of tax reduction.
So, LRAS shift rightwards from LRAS1 to LRAS2 in the diagram. And there will higher output and lower price level.
Answer:
The answer is Business Marketing.
Explanation:
Business Marketing is practiced by individuals and organizations alike. Business marketing is also known as Industrial marketing or Business-to-business (B2B) marketing.
This marketing involves commercial businesses, governments and institutions. In this practice, organization A sell their goods and services to other organization B rather than to the public, and organization B will in turn resell the goods and services.
Organization B can also use the goods and services to enhance their products as well.
This marketing method is a sure way to promote businesses, thereby improving profit.
An example of Business Marketing can be seen in the automobile industry where products from other businesses are used to make a car.
Another example can be seen when an office purchases supplies like coffee and stationery from another business.
Income elasticity of demand is a measure of responsiveness of the quantity of goods or services demanded to a change in the income of the people demanding the good. It is calculated as the ratio of the percentage change in the quantity demanded to the percentage change in income.
In this case, percentage change in quantity demanded is 25% and percentange change in income is 20%
Therefore, income elasticity = 25/20
= 1.25
Answer:
Organizations that are involved in the process of producing, promoting, and delivering company products to its user but are not active participants in selling of the products are referred to as intermediaries (or resellers or middlemen).
They are the bridge between the producers and the users.
