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4 years ago

The classical economists felt that saving would be equal to investment because

1 answer:

6 0

<span>Classical economists felt this way because of the idea of 'interest rate flexibility'. This means that the classical economists believed in the idea that the economy would even itself out, or that the economy was 'self-regulating'. This lends itself to the idea that saving would be equal to investment because it does not take into consideration any shift in the economy.</span>

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yawa3891 [41]

Higher prices will lead to more products being supplied, whereas lower prices will lead to less products being supplied. A change in a non-price determinant of supply is the only factor that can affect whether a good's supply rises or falls.

The cost of the good or service is the determinant of supply that is the most evident. When all other factors are equal, a product's supply grows if its relative price is higher. It's easy to understand why. A business sells products or services to make money, and as prices grow, so do profits.

To learn on price determination

brainly.com/question/15155462

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4 0

1 year ago

Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the des

yawa3891 [41]

The correct answer is b

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3 years ago

List all the economic activities involved in each of the following businesses:

Bess [88]

Answer:

Selling cotton shirts at a high-street store:

Manufacture: First, the factory manufactures shirts using raw materials they’ve purchased from suppliers.

Quality control: The shirts go through quality control to check for defects and to ensure uniformity among all the shirts. Quality inspectors are paid to ensure that shirts are free of defects.

Packaging/transportation: After the quality control process, the factory packages the shirts and hires transportation services to transport the shirts to the retail outlet.

Labeling: At a retail outlet, each type of shirt is valued and receives a price tag based on the discount that the storeowner decides to offer consumers.

Selling: Consumers choose between many types of shirts and may decide to purchase the shirt based on the quality and price.

Selling hamburgers at a fast-food restaurant:

Buying the ingredients: Headquarters buy ingredients from meat suppliers.

Assembly process: A team of chefs starts the preparation by chopping and assembling all the ingredients. Another team of chefs makes the burgers, and the ingredients are ready for delivery. Chefs are paid to ensure burgers are prepared correctly and packaged to maximize shelf life.

Packaging: The packaging department packs the burger patties and hires a specialized transportation service to deliver the frozen patties to the restaurant.

Selling: The restaurant prices the burgers and prepares them as customers order them. Customers can choose between this restaurant and another down the street.

Selling medicines at a drug store:

Manufacturing: A valid license holder manufactures the medicines. The manufacturer may hold the patent for certain drugs or may pay for the license to manufacture the drug.

Wholesalers: Wholesale dealers sell the medicines to pharmacies or other wholesalers.

Selling: Pharmacies sell the medicines to consumers, who may have the choice to purchase other drugs, including generic drugs.

Selling gas at a gas station:

Production: The oil company has to drill underground to find oil. The operation is typically paid for by investors that hope to strike oil and sell the oil to a refinery.

Refining: The crude oil is then refined at a refinery, who purchases the oil from the drilling company.

Selling: The oil company sells the refined oil to gas stations, which sell the gas to consumers. Consumers have many choices for gasoline, so the market price is a buyers’ market.

Explanation:

Don't really need one lol, I literally got the answer from the problem since I have to do this too

5 0

3 years ago

Faller and Whitney Company, a firm that builds enterprise resource planning products for customers, wants to implement training

Arisa [49]

Answer:

Faller and Whitney should perform an organization analysis in order to assess the training needs within the organization.

Explanation:

A training instructional design process is a process that systematically develops training procedures to meet specific needs.

The steps involved in the development of an instructional design process are:

Determine needs for training : employees that work in what areas and perform what tasks need training
Ensure readiness for training : the employees must be willing to trained
Plan the training program: set the objectives, who will be the trainers, and what methods will be used
Implement training program
Evaluate results of training : are employees performing better? do they need additional training?

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3 years ago

Understanding meeting lingo is important; a convention in Europe is called a ___.

son4ous [18]

C euro meeting is called

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3 years ago

Read 2 more answers