Prices enable a market economy to adjust to unexpected events by adjusting consumption and production.
<u>Option: D</u>
<u>Explanation:</u>
The Government commands significant aspects of economic activity in a centrally planned economy. The government determines the factors of production and owns the enterprises which produce public goods and services. The government is pricing and manufacturing products and services which it believes help individuals. The unexpected events may be like the ongoing corona-virus pandemic, during this phase of economy the states are regulated by adjusting the production and consumption in market, either by decreasing the price of some commodities or by maintaining supply in market.
The first step for Markus Braun to create the plan to ensure that Wirecard is worth 5 billion euros by the end of 2022 is to create a <u>strategic plan</u>.
<h3>What is strategic planning?</h3>
Strategic planning is a process that enables organizational leaders to specify their vision for the future, goals, and objectives for the organization.
The process of strategic planning establishes the sequence in which goals should be achieved, including the roles that will be played by each department of the organization.
Thus, the first step in creating the plan to make Wirecard be worth 5 billion euros by the end of 2022 is to create a <u>strategic plan</u>.
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5. C. cost push
6. A. Demand
7. A. Law of Demand
8. A. The product isn't a Necessity
9. C. Demand