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GrogVix [38]
3 years ago
6

What are five basic principles found in a free enterprise system?

Business
1 answer:
Pie3 years ago
7 0
The five basic principles found in a free enterprise system:
1. Freedom to choose our type of business
2. Profit Motive
3. Competition
4. Right to private property
5. Consumer Sovereignty 

This is how the world of free enterprise system operate.
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true or false, Even with interest-rate a bank pays on your account the real rate of return on that negative because of inflation
Ugo [173]

This may be true or false depending on the situation.

Explanation:

If countering in the inflation, banks were giving negative values all the time to their consumers they would not survive in the game.

But this is not to say this is not a practice that has been done to the unsuspecting people who have wanted to invest money.

They are being given policies and rates that after countering inflation are actually in loss for them as they do not grow as much as the money would have devalued by then.

This is however quite rare and is a malpractice.

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3 years ago
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3 years ago
If data indicates the economy is in recession and members of Congress are working to pass legislation to encourage economic grow
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If data indicates the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, then recognition of change in the economy has almost certainly occurred. Recognition of change in the economy involves massive capital migration from one industrial sector to another, from one community to another, and even from one nation to another.

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3 years ago
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RedPin is a combination restaurant, bowling alley, and bar in Oklahoma City. It boasts 10 bowling lanes; a full-service bar; spa
igomit [66]

Answer:

The statement is true

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The Marketing department of any firm has to analyze the external economic conditions (such as inflation rate, unemployment rate, GDP growth, economic sector growh), and also, social conditions such as consumer preferences. This is because the firm cannot market itself in ways that are not compatible with external conditions.

The Marketing professionals also have to take into account competitors, both existing and potential, because there is a limited percentage of market share that each competing firm can have, and the goal of marketing is to increase the firm's marketshire in respect to the other firms.

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