The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.
As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.
Explanation:
When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.
So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.
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Answer: Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item.
Explanation:
Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item. Every customer buying an item will consider a lot of things before getting one, although this varies compared to other person's. Some may buy out of a need, others a want, some panic buy. They all vary. Buying is more of a physiological thing than any other thing.
Answer: Lean Startup Methodology.
Explanation:
lean startup is a method used to introduce a new product to the market on behalf of an existing company which implements on developing products that some group of existing consumers already know so as to ensure that the market will already exist as soon as the product is launched by focusing on creating a stripped down product with minimal waste of time and limited launchingin order to measure how such product will rank in the market.
Here, the small herbal tea company employing a stripped down packaging with limited launch for users to ensure product hit market mark adopts the lean start up methodology
The answer to your question is fiat money
Answer:
D. $20,240
Explanation:
Adjusted balance should be reported in the balance sheet as on August 31.
Adjusted Cash Balance calculation
Cash balance as per books August 31 $18,900
Add:
Note collected by bank for the Colt Company $1,500
Less:
NSF check ( $110 )
Bank service fees <u> ( $50 ) </u>
Adjusted Balance of cash account $20240
*The Following adjustments are already included in the Cash account balance so, these do not need any settlement in cash account.
Checks outstanding $4,500
Deposits outstanding 4,000
