Answer:
a. Observance of reasonable commercial standards of fair dealing
Explanation:
As Richard owns and operates a small business at an outdoor market where he sells fruits and vegetables. UCC specifically require Richard with respect to his customers to treat them equally and fairly and he should not be involved in any kind of cheating and misleading the customers in any way and at any level. Customers should be proved with the quality and fresh fruits and vegetables at the reasonable mentioned and set prices.
Answer: the quantity demanded of physicals decreases and the quantity of physicals doctors want to give increases.
Explanation:
Since the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price floor of $250 per physical, there will be a reduction in the quantity demanded of physicals decreases and the quantity of physicals doctors want to give increases.
This is because since the price is higher than the equilibrium price, the consumers will reduce their demand for the product while the suppliers will e willing to supply more in order to make more profit.
Making hypothetical changes to data and observing the results exists option b. What-if analysis
<h3>What is What-if analysis?</h3>
What-If Analysis exists as the method of changing the values in cells to see how those differences will affect the outcome of formulas on the worksheet. Three types of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables bear sets of input values and choose possible outcomes.
A what-if analysis or sensitivity analysis exists as a powerful decision-making tool that permits brands to understand what kind of business consequences can arise from modifying one or more variables.
A what-if analysis exists as a study an individual or company creates about a particular number of events where variables are adjusted to determine what the outputs would be. This approach stands typically implemented when there exists limited information from where to create a concise decision. Then, individuals control to outline all the possible outcomes to find out what their risks are.
Software like Microsoft Office Excel promotes the implementation of what-if analysis.
Hence, Making hypothetical changes to data and observing the results exists option b. What-if analysis.
To learn more about What-if analysis refer to:
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Intermind core intellectual property assets.
Identify
complementary intellectual property mix
optimize the intellectual property mix
Regularly elevate intellectual data
Create an innovation culture
Answer:
c. Sociocultural dimension
Explanation:
The sociocultural dimension of the general environment takes into account the demographic traits of society such as age, race, religion etc. as well as the society's attitudes and cultural values. It is important for businesses to operate in ways that respect the sociocultural environment within which they operate.