Answer: Relationship selling
Explanation:
Stuart in his sales transaction with Fortune 500 company, is carrying out relationship selling, where the seller tries to make sales by creating a friendly relationship with their buyers. Relationship selling helps the buyer to easily relate with the seller, thereby making sales very easy to transact.
Answer:
The answer is $460 billion
Explanation:
Multiplier = 1 / (1 - MPC)
1 / (1 - 0.8) =
1 / 0.2 = 5
This means that as investment increases(decreases) by $1, GDP increases(decreases) by $5.
Therefore,as investment decreases by $8 billion, real GDP reduces by $8 billion x 5 = $40 billion
So the new level of real GDP = $(500 - 40) billion
= $460 billion
Answer:
The correct answer is letter "A": includes production of foreigners working in the U.S. but excludes production by U.S. residents working in foreign countries.
Explanation:
The Gross Domestic Product or GDP represents the overall market value of all the goods and services a country produces. The GDP measures the size of the economy and it is determined by the following formula:
GDP = C+ G + I + NX
Where:
C = Private consumption
G = Government spending
I = Businesses' capital spending
NX = Net exports (exports-imports)
Labor is part of the GDP as well. It could be included in government spending or capital spending. <em>A nation's labor productivity is the sum of all the labor force production within the country regardless of the nationality of the workers</em>. <em>Citizen's productivity working abroad will be included in the GDP of the country where they work</em>.
Answer:
Where should a third charge of +2 µC be placed = 0.867cm
Explanation:
The concept of Coulomb's law was applied in solving the problem, electric field due to each charges was calculated, the net electric field was also gotten and appropriate substitution was done as shown in the attached files.