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leonid [27]
3 years ago
13

Please select the best answer from the choices provided A situation in which quantity demanded is greater than quantity supplied

best describes a. excess supply. b. shortage. c. equilibrium of demand. d. surplus.
Business
2 answers:
Black_prince [1.1K]3 years ago
5 0
<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
Gnoma [55]3 years ago
5 0

Answer: b). Shortage

Explanation:

Shortage as the name suggests is the relative scarcity of goods in comparison to its demand. Shortage occurs when quantity demanded of a good is greater than its supply. In situations of shortage, the price of the good will rise and the quantity demanded will fall till it is equal to the supply.

So, the correct option is b). shortage

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Best Buy does not play loud music in its stores, based on feedback that women don’t like it. A woman who arrived at Best Buy aft
ivanzaharov [21]

Answer:

D) Problem removal

Explanation:

Since it has been discovered that women don't like loud music, a woman who just left a loud music technology store for Best Buy stores that doesn't play loud music will have her 'problem removed'.

Best Buy store can be regarded as a problem removal store by helping women to solve their problem of listening to loud music.

Women Will have a good and problem removal experience in Best Buy Store.

Best Buy store has had an advantage against other stores because they don't play loud music and more women will patronise them, thereby, increasing their profits.

7 0
3 years ago
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Under Life Solicitation Rule, the definition that applies to a consumer that is most concerned about death benefit proceeds to b
Fiesta28 [93]

Answer:

life insurance net payment cost index

Explanation:

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Depending on the issuer of the policy, the accidental death benefit may extend up to a year after the initial accident occurred, so long as the accident led to the insured's death.

6 0
3 years ago
Given your understanding of the marketing discipline (analyzing the situation through the 3cs, developing marketing strategy thr
Dmitrij [34]

Answer:

Explanation:

1.Price: check if our price is still within the range of what our customers can afford or budget for.

2.Promotion: Does our customers or potential customers still view our advertisements.

3.Product: is our product still relevant and up to date when it comes to services and software.

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5 0
3 years ago
Sales revenue$ 4,000Purchases of direct materials$ 400Direct labor$ 450Manufacturing overhead$ 620Operating expenses$ 650Beginni
djyliett [7]

Answer:

Direct material used= $420

Explanation:

Giving the following information:

Sales revenue= $4,000

Purchases of direct materials= $400

Direct labor= $450

Manufacturing overhead= $620

Operating expenses= $650

Beginning raw materials inventory= $200

Ending raw materials inventory= $180

Beginning work in process inventory= $320

Ending work in process inventory= $410

Beginning finished goods inventory= $250

Ending finished goods inventory= $200

Direct material used= ?

Direct material used= beginning inventory raw material + purchase - ending inventory raw material

Direct material used= 200 + 400 - 180= $420

5 0
3 years ago
Consider a family who borrows $250,000 to purchase a new home at a fixed interest rate of 8.5%. If inflation increases from 4% t
vitfil [10]

The home loan must be repaid at a real interest rate of 3%; (8.5%-5.5%=3%).

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A real interest rate is adjusted to remove the effects of inflation and gives the real rate of a bond or loan. A nominal interest rate refers to the interest rate before taking inflation into account.

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