Answer:
E. By providing a variety of products in one location
Explanation:
Assortment refers to different varieties of products and services a business creates, subsequently made available for sale.
Assortment is includes the number of product lines of a business, the number of products in a particular business line and how related the product lines are to one another.
Intermediaries are the ones who operate between manufacturers and customers and all parties who are involved in the transfer of products from the place of manufacture to their ultimate delivery to the customers.
Intermediaries are basically wholesalers, retailers, agents, etc.
With assortment, the intermediaries provide different types of products i.e assorted products, making them available at one single place, removing the barrier of place, thereby creating efficiency for both manufacturers and customers.
Answer:
The correct answer is option C.
Explanation:
Price control or price ceiling can be defined as a type of price control in which the upper limit is fixed for the price of certain goods and services. The price ceiling is imposed on products which are necessities. Higher prices of these products are likely to increase dis-utility. The price ceiling is used to make necessities affordable to people.
Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.
Answer:
Here is the answer
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Answer:
The options for this question are the following:
A) it reduces the possibility that the Henry Ford Health System might make unethical purchasing decisions.
B) it ensures that the Henry Ford Health System is both
ethical and socially responsible.
C) it was trying to save money.
D) it increases the Henry Ford Health System's socially responsible behavior.
E) it ensures that the Henry Ford Health System is socially responsible, but not necessarily ethical.
The correct answer is A. it reduces the possibility that the Henry Ford Health System might make unethical purchasing decisions
Explanation:
The Henry Ford Health System (HFHS) is a complete integrated nonprofit, managed care, healthcare organization in the Detroit Metro. The corporate office is located in a Ford, Detroit, Michigan location. Henry Ford established the health system in 1915, and is currently headed by a council of 17 management members. Henry Ford also owns the Health Alliance Plan health insurance company.
Answer:
The government policy should have reduced beer consumption by 0.6 or 60%
Explanation:
Mid point formula calculates the ratio of mid point of change in demand and change in price to their average value. Then these changes are used in the calculations of elasticity of demand.
According to given data:
Elasticity of demand = 0.9
Midpoint of price = (20-10) / [(20+10)/2] = 10 / 15 = 0.6667
Elasticity of Demand = Midpoint of demand / Midpoint of price
0.9 = Midpoint of demand / 0.6667
Midpoint of price = 0.9 x 0.6667 = 0.6
Change in demand is should reduce the consumption by 0.6 or 60%.
