Answer:
The correct answer is: market prices that are determined by consumers and producers acting in their own self-interest.
Explanation:
In a market system, the price of a good is determined by the intersection of demand for goods by consumers and the supply of goods by the producers. The price is determined at the point where the market forces of demand and supply are equal.
The producer is trying to maximize its profit while the consumer is trying to maximize its utility. Both are working for their self-interest and in this way are able to allocate scarce resources through the working of the market system.
Answer:
True
Explanation:
The statement is true, as evaluating one's own performance is quite easy, whether I performed good or bad, it is natural to know that.
But, when you know that the competitors have also performed really well, then we think that there are less chances of getting selected because then we doubt on our own capabilities.
This is a normal human tendency that happens and thus, the statement here is true.
Answer:
AB Corp. hires Natasha Cooper, a popular movie actress, to be the brand ambassador for the company. The company hopes that endorsements of its products by the actress will increase the popularity of the brand and also attract a large number of customers. Receivers who respond favorably to Natasha's endorsements will express:
source bolsters
Explanation:
This has to do with boosting the sales of the company because of the involvement of the popular figure. This is referred to as source bolster
Electronic commerce is a business model that lets firms and individuals buy and sell things over the internet. E-commerce operates in all four of the following major market segments: Business to business. Business to consumer. Consumer to consumer.