Answer:
Form Utility.
Explanation:
This is the process of designing a product to target a specific client's needs or wants. Customers' desires are incorporated into the features and benefits the products offer to customers. As in the above company. Various designs of furniture have been designed to appeal to customers needs and wants in home furnishing.furnishings.
Answer:
See as below
Explanation:
1. A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices.
Supply curve: <em>The supply curve is upward sloping. It originates from the bottom left corners and rises as prices increase.</em>
<em> </em>
2. The claim that other things being equal, the quantity supplied of good increases when the price of that good rises.
Law of supply:<em> The law of supply asserts that there is a positive or direct relationship between price and quantity supplied. Firms are willing to supply more at higher prices to make more profits.</em>
3. The amount of a good that sellers are willing and able to supply at a given price.
Quantity supplied:<em> </em><em>Quantity supplied denotes a numerical value that firms are willing to sell at the given price. A high selling is a motivation for producers to supply more. </em>
4. A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices. supply schedule
Supply schedule: <em>A supply schedule shows the quantities that producers are willing to sell at different prices in a period. It illustrates how the price affects the quantities supplies are willing to sell.</em>
Answer:
intended use
Explanation:
Products that are in their final form and are ready to be purchased and consumed by individuals or households for their personal satisfaction are classified as consumer products. On the other hand, if they are bought by a business for its own use, they are considered business products.
Answer:
1.11
Explanation:
New price = 1.75
Old price = 1.25
Price percentage= 1.75-1.25/1.25
= 0.5/1.25
= 0.4
New quantity = 18,000
Old quantity= 10,000
Quantity percentage, = 18000-10/000/18000
= 8000/18000
= 0.44
Price elasticity= 0.44/0.4
= 1.11
Hence price elasticity is 1.11
Answer: Globalization
Explanation: Globalization can be defined as the process under which the the company starts operating its business internationally, that is, in companies other than which it is incorporated.
In the given case, the company in the business is incorporated in USA but is using Indian labor for its manufacturing process and a Taiwan company for its shipping purposes.
Hence, we can conclude that the given case is an example of Globalization.
