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3 years ago

Staple goods and impulse goods are examples of which type of consumer good?

Business

2 answers:

Lera25 [3.4K]3 years ago

8 0

A. Specialty Goods which are things you NEED and goods that you don't need, but still want to get.

koban [17]3 years ago

8 0

Okay, the answer is definitely "Convenience Goods". I know this because for multiple reasons in which I will explain.

1. My current assessment is asking me a similar question to this one, but it actually tells me that both staple and impulse goods are considered convenience.

2. If you Google your question right now it'll show a Yahoo Answers thread and show you that the answer is "Convenience Goods" as well.

3. If you Google "what are speciality goods?" it'll show you examples such as exotic cars, designer clothes, exotic perfumes, and famous art. Specialty goods aren't something that you NEED, rather something that's so unique to motivate you to buy it.

4. I literally just took my test 2 minutes ago and I passed with a 100%.

So again, the answer is "Convenience Goods".

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Scenario: Phillip and Joseph are two classmates who represented their college in a quiz competition as a team and won $500. Howe

Svetlanka [38]

Answer:

The answer is He will except any offer made to him.

Explanation:

If Joseph prefers more money to less, ___He will except any offer made to him._____. Because he wants the money.

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3 years ago

Which of the following statements are true about recession?

timofeeve [1]

The TRUE statements about recession are as follows:

a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

<h3>What are recessions?</h3>

Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.

Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.

Thus, the true statements about recessions are <u>Options A and C</u>.

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2 years ago

In a perfectly competitive market, a. every seller tries to undercut the prices charged by its rivals. b. every seller takes the

Shkiper50 [21]

In a perfectly competitive market, every seller takes the price of its product as set by market conditions.

<h3>What is a Perfect Competitive Market?</h3>

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.

Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.

<h3>What are some examples of Perfectly Competitive Markets?</h3>

3 Perfect Competition Examples

Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.
Foreign Exchange Markets: In this market, traders exchange currencies.
Online shopping: We may not see the internet as a distinct market.

Thus, we can say that the correct option is B.

Learn more about Perfectly Competitive Markets on:

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2 years ago

people keep spending units of a particular resource on a want until their marginal benefit is ____ their marginal cost. A. Decre

weeeeeb [17]

B greater than

this is the answer to ur question

3 0

3 years ago

Read 2 more answers

Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.March 1 - Bills are sent to clien

emmasim [6.3K]

Answer: Please find answers in explanation column

Explanation:

Journal entry for Nexium & Associates

1.Journal to record Services provided in February.

Date Account Debit Credit

March 1 Accounts receivable $800

Service revenue $800

2.Journal to record purchase of furniture and supplies on account.

March 9 Office furniture $1,060

Office supplies $160

Accounts payable $1,220

3.Journal To record payment made to suppliers, Corner Office Inc.

March 15 Accounts payable $1,220

Cash $1,220

4.Journal To record the bill of electricity for march which is not yet due to be paid till April.

March 23 Electricity expense $430

Outstanding Liabilities $430

5.Journal To record the salary payment to employees.

March 31 Salaries expense $850

Cash $850

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4 years ago