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3 years ago

In a market economy the three basic economic question are most often answered by which two groups?

1 answer:

8 0

The three basic economic questions include the following: "What to produce?"<span> "How to produce?" and "For whom to produce?" There are also three types of economic system as classified by economists and one of them is the market economy. In a market economy, the three basic economic questions are most often answered by the consumers. Hope this helps.</span>

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On July 15, 2021, the Nixon Car Company purchased 2,600 tires from the Harwell Company for $35 each. The terms of the sale were

mote1985 [20]

Answer:

Explanation:

The journal entries are shown below:

On July 15:

Purchase A/c Dr $89,180

To Accounts payable $89,180

(Being purchase of goods are made on credit with discount)

The computation of the purchase of tires after applying the discount is shown below:

= Number of tires × price per tire - discount rate

= 2,600 tires × $35 - 2%

= $91,000 - $1,820

= $89,180

On July 23:

Account payable A/c Dr $89,180

To Cash A/c $89,180

(Being payment is made)

On August 15:

Account payable A/c Dr $89,180

Interest expense A/c Dr $1,820

To Cash A/c $91,000

(Being payment is made on late interval)

4 0

3 years ago

When marketers consider the defection rate of a market segment, what behavior are they calculating?

insens350 [35]

Answer:

Defection rate, or costumer defection rate is one of the major factors due to which a company can hit rock bottom. The costumer defection rate can be defined as the rate at which the existing costumers of a certain company leave a brand, to switch over a competitor, or stop using that certain type of product all together. If the marketers are considering the defection rate of a market segment, it means that they are considering the rate at which costumers are leaving a brand to join another, or leaving that market all together.

7 0

3 years ago

The basic distinction between a primary and a secondary market is a. proceeds from sales in the primary market go to the current

zavuch27 [327]

Answer:

c. Only new securities are sold in the primary market.

Explanation:

Primary markets is where securities are sold for the first time. Secondary market is a place (physical o virtual place) where securities are renegociated.

As an example, think about a company which is increasing its capitalization and wants to emit new stocks: it would do it in the primary market.
On the other hand, if some of the members of the company wantsto buy more stocks from that company, unless the company is emiting new stocks, he or she would have to buy the stocks in the secondary market.

3 0

3 years ago

A measure of the burden of continual deficit financing over time is the ratio of:.

Ksju [112]

Answer:

Explanation:

the debt to the GBP

8 0

2 years ago

Robert has taken up cycling as a hobby and as a way to maintain his physical fitness. He wants to buy a hydration system since h

LuckyWell [14K]

Answer: B

Robert is in the Evaluation of alternatives stage of the buyer decision process.

Explanation:

The various stages which consumers go through when they are considering a purchase are as follows:

Problem or need recognition , Information search , Evaluation of alternatives , Purchase , Post-purchase behavior

Evaluation of alternatives is the third stage in the Consumer Buying Decision process. In this stage, the consumers evaluate all their options based on the attributes of the products which is capable of delivering the benefit/ satisfaction that the consumer intends to get. Comparing the products (i.e different brands of products that is capable of satisfying the consumer needs), shows the alternatives being considered by consumers during the problem-solving process.

Therefore Robert, trying to choose between : Waterbags for Roadies, Supertanker Hydropacks, and Fast Water is in the stage of Evaluation of alternatives stage. Therefore the answer is B

6 0

3 years ago