Answer: Option (d) is correct.
Explanation:
An indifference curve is a graphical representation of two goods which reflects all the combination of two goods to be consumed by the individual.
Indifference curves are convex to the origin and two indifference curves never intersect each other.
All the combination of two goods on a single indifference gives equal level of satisfaction and yield the same level of total utility.
a. Situational needs
b. Functional needs
c. Social needs
d. Psychological needs
e. Knowledge needs
Answer:
b. Psychological needs
Explanation:
-Situational needs are the ones that are related to the customer's environment, place and time.
-Functional needs are the basic ones people need to be able to live.
-Social needs refer to the need people have to relate to the others.
-Psychological needs refer to things pople need for their well-being and being able to function properly.
-Knowledge needs refers to the ones related to learning new things.
According to this, the need the buyer is expressing is a psychological need because your prospect says that they are interested in the product because it is the one best suited for a particular task. The prospect could be able to buy a similar product from someone else but as they consider this as the best one, buying it will make them feel good.
500* .025=12.05 take that times it by 8 12.50*8=100
Hope this helps and hope it's right good luck have a nice nite
Plz give feed back if wrong or right
That would be incentives of entrepreneur
by definition, incentives mean something that motivates you to do a specific activity
In this case, personal satisfaction, following own passion, making more money are the incentives of an entrepreneur
Answer:
Explanation:
Hyperinflation occurs when the prices of goods and services increases very rapidly. This situation is stirred up when the federal government in a country prints more money in order to finance their fiscal budget, this leads to increase in price coupled with inflation, this is as a result of increase in the supply of money.
The government is supposed to secure the supply of money in order to reduce inflation instead of printing more money. Consumers that understands what this means anticipates increase in price, this makes them buy more before the eventual increase in price.
Note that during hyperinflation debtors benefits, because their debt becomes worthless due to increase in price.
