Answer:
true
Explanation:
Scope, budget and time are part of the triple constraint theory aka the Iron triangle in management
Answer:
In retail, examples good customer service include remembering and appreciating repeat customers, forging a local connection with shoppers, putting your product knowledge to good use, and more.
Answer:
The correct answer is the option C: the product is now relatively more expensive than it was before.
Explanation:
To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.
Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.
Answer:
The correct choice is allocative efficiency : marginal costs
Explanation:
In perfect competition if firms produce where P=MC they ensure allocative efficiency because the social benefits of production as measured by the price that people are willing to pay, are in balance with the Marginal costs to society of that production.
Perfect competition calls for allocative efficiency.
Allocative efficiency is a state of the economy in which production represents consumer preferences. That means every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing.
Answer:
Correct Answer:
B) Implied warranty of fitness
Explanation:
A products liability claim normally involves injury or damage caused by a defective product. Proving the claim usually involves one or more of three basic theories of liability: negligence, breach of contract/warranty, and strict liability.
<em>Since there was a bridge of warranty by the truck dealership despite Palmer demanding the best truck, he would be able to sue the dealership under implied warranty of fitness.</em>