Answer:
Need Recognition
Explanation:
Consumer decision making process refers to how a consumer decides to satisfy a want and how consumers arrive at a buying decision, which includes identifying the need, availing the required information about the need, measuring the options or alternatives available and then proceeding to buy the product.
Desired state refers to how i.e the way a consumer desires to satisfy his need. Actual state refers to how or the way the need is ultimately satisfied. The gap between the two states i.e the imbalance results into the step of need recognition.
Answer:
The correct answer is option d.
Explanation:
A pure monopoly is a type of market structure where there is only a single firm in the market which is producing a good with no close substitutes. Such a market also has high barriers to entry.
A pure monopolist can have economic profits in the long run because of barriers to entry.
In the short run, all types of market structures can have positive profits because the short run is too short for new firms to enter.
But in the long run, if there is no or relatively low barrier to entry, positive profit will attract other firms to join the market. This will reduce profits to zero.
But the firms cannot enter into a pure monopoly market, so the monopolist can earn positive economic profits in the long run.
Answer:
C. There is a shortage so interest rates will rise.
Answer: she should buy the cheaper house with interest because even with interest its still prob cheaper and you didnt give the interest amount
Explanation:
A protectionism policy is any policy that is designed to reduce the competitiveness of foreign producers in the domestic market.
The protectionism policy helps to protect the domestic industries against the foreign competition through various means methods including
- Imposition of tariffs
- Subsidies
- Import quotas
- Trade restrictions.
The policy of protectionism are determined by the Federal government of the country to help reduce the importation or competitiveness of foreign company in the country's market.
In conclusion, the policy is known as a protectionism policy.
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