Answer;
Firms --> Market For Goods and Services --> Households
Explanation;
In product markets, business firms supply and sell goods and services while households demand and buy them. Households supply and sell factors of production, such as labor, while business firms demand and buy them.
In a market economy households provide resources and labor and purchase goods and services while firms provide goods and services and purchase resources and labor. The goal of firms in a market economy is to maximize their profits. This can best be achieved by minimizing costs in the resource market and maximizing revenues in the product market.
Answer:
1) False
2) False
3) True
4) True
Explanation:
1) International trade did not begin in 18th century but it started in between 16th and 17th century when the barter system was shifting towards mercantilism. Therefore, answer is False.
2) Twentieth-century although marked duly rise in the female sports fans but marketing efforts were not primarily shifted towards them but included them among the male sports fan base. The female fans created a new segment of marketing which resulted in creating a new product line according to their tastes and preferences. Therefore, the answer is false.
3) Economic sanction does not take into consideration only the economic factors but also various other factors like trade barriers, restrictions on financial transactions, etc. Thus, this makes the economic sanctions more restrictive in nature than the trade sanctions. Therefore, the answer is true.
4) Less affluent countries generally focuses on minimizing the cost and not maximizing the profit in order to meet there requirements effectively. Thus, such countries mostly prefer to use ethnocentric orientation of management system and therefore prefer to operate locally as this would help them minimize the cost and reduce wastage. Therefore, the answer is true.
Answer:
-2, 4 and -8
Explanation:
Given the nth term of a GP expressed as;
When n = 1
when n = 2
when n = 3
Hence the first three terms of the sequence are -2, 4 and -8
<span>The answer to this question is unfreezing stage.
Unfreezing stage is the stage of preparing the people to move and leaving the
comfort zones. In this stage, in order for the unfreezing stage to become
successful, the managers or leaders should command employees to embrace change
end educate the people that change is needed to reach the company’s goal.</span>
