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3 years ago

Which of the following is an advantage of being an entrepreneur in the consumer service industry?

Business

2 answers:

andrew11 [14]3 years ago

7 0

C is the answer for this question....

Oxana [17]3 years ago

4 0

Answer:

Office or warehouse space is generally unnecessary ( B )

Explanation:

consumer service industry is the type of industry that its products are mainly offered to individuals and not organization.

consumer services are intangible products or services that are consumed almost immediately that they are been offered/produced and this kind of services those not necessarily require to have an office or warehouse since they are consumed almost immediately as they are produced.

business basics are supposed to be learnt before venturing into business it is not advisable to try to learn the basics as the business grows. all other options aren't true about consumer service industry.

example of consumer service is Auto repairs, because this can be carried out any where on a vehicle not necessarily an office

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In a pure market economy, the "What to produce?" question is ultimately answered by:

Genrish500 [490]

In a pure market economy, the "What to produce?" question is ultimately answered by : consumer sovereignty.

Explanation:

Market autonomy is a two-way economic concept. Market autonomy in production applies to what finished products should be produced from these materials to the control power of the customers over those with scarce resources.

For example, the highest levels of consumer autonomy occur of consumers on the free market. The customer can buy any product in any quantity he wants. But the state or central government decides what to manufacture in a command economy.

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3 years ago

Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t

Karo-lina-s [1.5K]

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

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3 years ago

The unemployment due to changes in the types of skills employers require is called

Rzqust [24]

Answer: "structural unemployment".
_______________________________________

6 0

3 years ago

Read 2 more answers

The misperceptions theory of the short-run aggregate supply curve says that the quantity of output supplied will increase if the

Illusion [34]

Answer:

Option C is correct

Explanation:

This means an increase in actual price would make quantity aggregate supply curve to shift to the right.

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3 years ago

Portia is a vegetarian and chooses not to eat meat based on moral and ethical rationales. Her employer is hosting a barbeque eve

8090 [49]

Answer:

D. freedom of conscience (limited)

Explanation:

Freedom of conscience consists is having the right to form one's own ethical and moral views, independent of other's beliefs, and also having the right to act in a way that is coherent with those ethical and moral views.

Even if Portia is an employee, and is legally bound to her employer in many ways, she is not obliged to do something that goes against her ethical and moral rationales, whether at the workplace, or a event outside of the office like the barbeque. As a vegetarian, she has the right to be excused from the party, and exercise in that way, her freedom of conscience.

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3 years ago