Answer:
a. the income effect.
Explanation:
The income effect is the change in demand with respect to the good or service that due to change in the purchasing power of the consumer results in change in real income
Since in the situation it is mentioned that she received a big bonus this year and she decided for a trip to europe so here the purchasing power would be changed due to the income effect
hence, the option a is correct
The correct answer is: " management" .
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" <u> Management </u> is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources. "
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An effective "mnemonic" for these 4 (four) components of management is:
"PLOC" ; or more appropriate, in the order in which they occur: "POLC" .
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Note that "organizational resources" include "data" (e.g. data management) ; as well as management of employees among various departments; hierarchies of management among departments; supply chain marketing and management, and labor-management relations and human resources management.
Effective management skills include: conceptual skills, technical skills, and human skills.
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Peremptory challenges
I also found a quizlet by looking up your question, it might help for any other questions you have.
Answer:
The answer is C. can earn profits or incur losses in the short run.
Explanation:
A monopolist maximizes profit or minimizes losses by producing that quantity that corresponds to when marginal revenue = marginal cost. However, if the average total cost is above the market price, then the firm will incur losses, equal to the average total cost minus the market price multiplied by the quantity produced
The correct answer is product development.
In the product development stage the company will work on things like the positioning and marketing of the new board game. Their goal is to create a need for the game and make people want to buy it.
