Answer:
Price Discrimination
Explanation:
Price discrimination defines that when one seller sells one product at different prices to different customers.
According to the given situation, Sellers of different fake watches contacted visitors as they were leaving bus tours and offering to sell them. The sellers then personally tried to haggle for each of the visitors, here sellers wants to sell the same product at different prices for his benefit. This indicates the price discrimination.
<span>AS THE HYPE FOR THE SUNDAY NIGHT FOOTBALL GETS ELECTRIFYING, THERE HAVE BEEN QUESTIONS RAISED ABOUT CARRIE UNDERWOOD'S PAYMENT FOR HER PERFORMANCE DURING THE INAUGURATION OF THE SUNDAY NIGHT FOOTBALL. RIGHT NOW HER PAYCHECK HASN'T BEEN LISTED ONLINE. BUT ACCORDING TO PayWizard.Org HER DAILY PAY WOULD BE AROUND $21,917.00. RIGHT NOW THE AMERICAN SINGER HAS A NET WORTH OF ABOUT $55 MILLION.</span>
Advertising helps the customers to know about the existence of various products and their prices. They can choose from the various brands to satisfy their wants. It is very important for the customers to know about the existence of the products available there in the market.
Answer: Sustainability
Explanation:
The sustainability is the term which refers to the process that meets the present requirement without any compromising the needs for the future generation. This process is known as the sustainability development. The three main pillar of the sustainability are as follows:
- Profits
- People
- Planet
According to the question, the given management philosophy is called as sustainability as it support the quality of the community, natural resources and also the environmental health.
Answer:
c
Explanation:
A quota occurs when the government or an agency of the government limits the quantity of goods that can be imported or exported in a country.
A quota increases the price of goods and services if the quota is enacted by the importing country. This would lead to an increase in producer surplus and a reduction in consumer surplus.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
Producer surplus = price – least price the seller is willing to accept
The increase in price as a result of the quota would lead to an increase in the quantity of the product been supplied. This is in line with the law of supply