Answer:
A. Shift the supply of cars out and to right, decreasing the equilibrium price of cars, but increasing the equilibrium quantity.
Explanation:
The effect of technology on supply is that it will shift supply to the right. As cost of production reduces, producers can have more output at the same cost.
There will be excess supply (surplus), so customers will pay less for the product.
The equilibrium quantity will also increase as more cars are available in the market.
This is illustrated in the attached diagram. Equillibrum price reduces from P1 to P2. The equillibrum quantity increases from Q1 to Q2.
Government can influence cost of production through taxes, regulations and subsidies. Therefore they also influence shift of supply curve.
Answer:
b. Manufacturer or producer
Explanation:
A manufacturer is a person or a registered company that produces finished products from raw materials in an attempt to make a profit. The goods are subsequently distributed to wholesalers and retailers who then sell to customers. Retailers display products through physical stores or on 3rd party e-commerce platforms. In the manufacturing industry, products are manufactured on a large scale to meet the irresistible demand of consumers.
It is common practice to indicate the place of manufacture. This information is usually shown on the packaging material. Under normal circumstances, the manufacturer must meet a certain threshold and comply with established standards.
Mainly, manufacturers must meet the product certification requirements. This process involves performance tests and quality assurance tests of the goods that are produced. Certification bodies emphasize compliance with all applicable international standards. It is a strategy to improve consumer protection.
A marketing plan of an organization generally aim to do mission of an organization, stated or reiterated.
The strategy a business will employ to promote its products to customers is described in the marketing plan. The target market, the brand's or product's value proposition, the campaigns to launch, and the metrics to be applied to judge the success of marketing initiatives are all identified in the plan.
There are five orientations (philosophical ideas that have influenced and still influence organizational actions in the marketplace):
1. The idea behind production.
2. The idea of the product.
3. The marketing idea
4. The concept of marketing.
5. The concept of social marketing.
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B. Command
What your describing sounds a lot like communism which would be found under a command economic system
Answer:
The correct answer is letter "A": staff.
Explanation:
A staff position is given to professionals who work such as associates in companies providing guidance and assessment to other executives. These employees do not have a direct influence on the operations of the firm. Staff members are said to be junior employees who have charges in proportion to senior executives.
