1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zlopas [31]
3 years ago
7

In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?

Business
1 answer:
denis23 [38]3 years ago
8 0

<span>The answer is price. The price of a good conveys about its relative scarcity or abundancy. If the price is high, the good is scare meaning you can gain money by selling extra of it, and you can save money by buying a lesser amount of it. If you act according to your self-interest, selling more and buying less of that costly good, the scarcity of that good will be toned-down. If the price of a good is low, you can exhilarated to do the contrary, thus removing any excess of the good in the market. </span>

You might be interested in
The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students fo
Licemer1 [7]

Answer:

Part a

Debit : Cash $9,000

Credit : Service Revenue $9,000

Part b

Debit : Prepaid Insurance $3,240

Credit : Cash $3,240

Part c

Debit : Equipment $12,000

Credit : Cash $12,000

Part d

Debit : Cash $14,000

Credit : Loan Payable $14,000

Explanation:

Step 1 : Identify the Accounts affected in each and every transaction.

Step 2: Then determine if this Account is increasing or decreasing.

Step 3 :The journal entries have been prepared above.

6 0
3 years ago
Why is it important for business people, who are increasingly exposed to research results, to study marketing research?
LUCKY_DIMON [66]

Answer:

D) All of the above

  • a. So they won't take research results at face value
  • b. So they will know how to ask the right questions about the research
  • c. So they can determine the validity of the results

Explanation:

Marketing research is defined as the process of collecting, analyzing and interpreting information that can be used to develop, implement and monitor a company's marketing plan.

Imagine if a manager received a study, he/she cannot take for granted that the study was well developed, carried out and the results were interpreted correctly. The manager must know how to evaluate if the parameters of a research are correct or if the results are valid or not.

4 0
3 years ago
Planning involves ________.
kobusy [5.1K]

Setting goals and objectives is a part of planning.

Planning includes both the process of developing a plan and its accurate and timely execution.

Planning may be extremely helpful in avoiding mistakes and seeing possibilities. Good planning demonstrates management's familiarity with the company and their consideration of changes in "products," management, finance, and—perhaps most importantly—the external environment, which includes markets, competitors, users, and regulations. Planning aids in future prediction, future visibility, and the construction of a link between the present and this future.

To know more about planning.

brainly.com/question/25453419

#SPJ4

3 0
1 year ago
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
Tanya [424]

Answer: push marketing strategy

Explanation:

A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.

In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.

6 0
3 years ago
The test manual reports a reliability coefficient (r) of .92, which means:
Lady bird [3.3K]

In statistics, reliability refers to how consistent a measurement scale is overall. Measurement scales with high reliability scores would be able to produce similar results when tested with groups of samples similar to the initial testing conditions.  

Reliability scores are measured through reliability coefficient which spans from 0.0 to 1.0. What a reliability coefficient of 0.92 means is (B) 92% of the variance in scores is explained by real differences.

7 0
3 years ago
Other questions:
  • Suppose that a government agency is trying to decide between two pollution reduction policy options. Under the permit option, 10
    6·1 answer
  • Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500
    12·1 answer
  • Given the following information, determine net income. The retained earnings balance on January 1, 2018, equals $58,000; dividen
    15·1 answer
  • What is an example of a long term liability?
    6·2 answers
  • Pls hurry ________structures are laid-back and undefined.
    12·2 answers
  • Internal control systems are:________.
    15·2 answers
  • At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred sto
    11·1 answer
  • The financial markets are a relatively new technological development created in the last 50 years.
    14·1 answer
  • Should work or another form of payment be used to satisfy a lien ?
    8·1 answer
  • 6. Respond to the following prompts about the goals and effects of government spending on the
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!