Three basic economic questions are -
- What to produce?
- How to produce?
- Whom to produce for?
Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
- What goods and services should be produced to satisfy consumer needs?
- How much of this product do you need?
- When should you produce a report?
- What is the best way to produce goods and services?
- How should these products be produced, and what resources should be used to do so?
- Who should be the recipients of goods and services?
- How should the product be allocated among consumers?
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Answer:
Option (a) is correct.
Explanation:
Given that,
Completed units during June = 65,000 units
Ending inventory units = 7,000 units
Beginning inventory units = 4,000 units
Number of material equivalent units of production in the June 30:
= Completed units during June + Ending inventory units - Beginning inventory units
= 65,000 units + 7,000 units - 4,000 units
= 68,000 units
Therefore, the number of material equivalent units of production is 68,000 units.
Answer:
<em>broad needs and many customers. (Access-based positioning)
</em>
Explanation:
Consumer segmentation that is available in multiple ways.
While their needs are similar to those of other consumers, the difference is the best activity structure to reach them.
Entry can be a feature of company location or consumer size or anything that takes a different set of activities to meet clients in the best possible way.
Answer:
Champion
Explanation:
According to Techstars, the final stage of an entrepreneur's journey is champion. This represents start-ups that have a chieved great success like Google, and they are championing the enterpreneur's journey by working with enterpreneurs at earlier stages.
The initial stages of enterpreneur's journey is: inspire, discovery, founder, startup, scale, and finally champion.
<span>If Octavio wants to compare
the gross national product for six different countries for the year 2016, he can best show his information by
combination charts.</span><span> For example, you can combine a line
chart or a bar chart that shows the gross national product (GNP) range with a
column chart that shows GNP per country. The two variables are set as Y and X
axis respectively.</span>
