Answer:
b. Public Goods
Explanation:
Public Goods -
It is the type of goods and services , which each and every person can use , without any kind of restriction , is known as public goods .
These type of goods are considered to be non - rivalrous , i.e. , these goods do not reduce , irrespective of their usage .
And ,
are non - excludable , i.e. , these goods are open for all and some individual or group van not hold on to it .
The example of public goods are - public parks , sewer system , law enforcement etc .
Answer:
Race
Gender
Language
Inequality
Beliefs
Explanation:
Race: the business should not discriminate employees because of their race/skin color
Gender: equality between all genders in the workplace
Language: train and communicate with all employees with language applicable to all employees
Inequality: treat all employees equally and equal opportunities to all despite their backgrounds
Beliefs: avoid discriminating and disrespecting other people's beliefs
Answer:
Explanation:
Please check attachment for the solution to the question.
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
- Unique Value Proposition which is healthier bread and cake recipes
- 20 years experience in baking which translates to strong industry knowledge
Weaknesses
- Insufficient Equipment to go with
- Weak or zero visibility for new business
Opportunities
- Little or no competition as the recipes are unique to me
- Huge demand for healthier pastry especially in my current location
Threats
- The industry is heavily regulated and may be shut down if there are compliance issues
- One competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.
Part II
Answer:
The persons I would give the business plan to are:
- An angel investor who I met on LinkedIn who supports small businesses and start-ups
- My banker of over 20 years
- I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
- I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
- Banks always have the funds but the funds come at a higher cost than the first two.
Cheers
Answer:
A) in any particular year, the level of GDP is determined mainly by the level of aggregate expenditure.
Explanation:
The formula for calculating the aggregate expenditure (AE) of an economy is the same used to calculate the gross domestic product:
Aggregate expenditures = consumption + investment + government + net exports (exports - imports)
The main difference between the GDP ans AE is that AE measures the planned consumption, the planned investment, the planned government expenses and the planned net exports.
he equation is: AE = C + I + G + NX. The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.