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Klio2033 [76]
4 years ago
9

Economists say that scarcity is a relative concept. this means that __________. (hint: what does relative mean?)

Business
1 answer:
Aleksandr-060686 [28]4 years ago
8 0
Im not sure, sorry, I wish I could help
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Which type of store has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets
AnnyKZ [126]

The type of store that has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets is known as discount stores.

<h3>What is a Discount Store?</h3>

This refers to the type of store which makes a bulk purchase of items and then sells them off at a lower price than they are worth.

Hence, we can note that a discount store operates in a way that enables them to engage in efficient distribution and bulk purchasing to meet the needs of their customers.

Read more about discount stores here:
brainly.com/question/1838431

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2 years ago
There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house
11Alexandr11 [23.1K]

Answer:

regressive

Explanation:

A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.

On the other hand, progressive taxes increase as the income level of the taxpayers increases.

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3 years ago
If Kmart states that it is going to spend $100 million in advertising in the upcoming year to help increase its market share, it
Valentin [98]

Answer: It is explaining part of its OPERATIONAL plan.

Operational planning in business is a process of planning an action/actions intended to accomplish specific goals to the process of implementing the actions to achieve those goals.

It describes all the factors and parameters needed to achieve said goals.

Operational planning establish the activities and budgets for each part of the organization.

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Campus Bus Service entered into a contract with Smith Bus Company to purchase 10 buses. One week before Campus Bus was scheduled
Oksana_A [137]

Answer:

In this scenario, Smith Bus should be excused from performance under the doctrine of commercial impracticability

Explanation:

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economics is the study of how limited resources are used to satisfy human wants. economists look at the causes and effects of th
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whether I should buy 1killo of orange or 2killo banana

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