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mote1985 [20]
3 years ago
15

Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just

to save a few dollars on a packet of cigarettes. Elaine perceived price as _______ for a good or service, while most consumers recognize price as the _______ made to acquire a good or service.
Business
1 answer:
Fed [463]3 years ago
8 0

Answer:

The money paid; overall sacrifice

Explanation:

Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.

Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.

Prices can be affected by demand or supply of goods.

If the demand for a product is higher than its supply, then price of the product will increase.

If the supply of a product is higher than its demand, then price of the product will fall.

Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.

Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.

Producers tend to maximize Profit by selling more quantity of goods at a higher price.

Price is the major determinant of how much to demand and how much to supply at a point in time.

Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.

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Which of the following elements are included on the hierarchy of hazard control?
Vsevolod [243]

Answer:Implementing administrative controls Implementing engineering controls

Explanation:

8 0
2 years ago
Andrew owns a popular, but expensive Chinese restaurant. In order to introduce more people to his brand, he offers a series of o
lana66690 [7]

Answer: <em>customers' lack of money </em>

Explanation:

Here, in this particular case we can state that the restaurateur Andrew who owns and run a popular contemporary but expensive Chinese restaurant is addressing the fact that customer's lack money. The fact in this particular case is that consumers are willing to pay a modest amounts for the small amount of food being served while in contrast not paying for the "atmosphere" of his restaurant.

3 0
2 years ago
What do we stand to gain from applying planning principles to supposedly routine activitiesif we believe that planning is so imp
Sever21 [200]

Answer:

Different personal and cultural traits can explain why even though we know that planning our activities help a lot, we rarely do it.

Japanese society is extremely structured and they plan everything. There incredible economic success is the result of that. Once I was travelling on the same tour bus as a group of Japanese tourists, and their tour guide requested them to give him their schedules since being on vacations meant not following a plan. The tourists got all anxious and nervous because they were going to do something different, which was scary for them.

That day I started to question myself as to why I rarely plan things, and on the next days I really tried to do it, but I failed. One of the reasons I failed was that I was the only one planning what to do, no one else at work was. I felt like Cameron Diaz when she was making plans about where she should be planning on how to have fun. It was really boring, that is the reason why Japanese don't have children or even girlfriends, its easier to plan what to do with a doll.

There is something nice and good about being spontaneous, although sometimes I still feel that I need to plan a little more.

6 0
3 years ago
What are the drawbacks of doing business in other countries
zalisa [80]

Answer:

You are not on your own turf, language barrier, monetary differences, having to pay for travel and accommodations.

4 0
3 years ago
Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent).
Flura [38]

Based on the unemployment rate at the full employment rate and the current unemployment rate, the jobs lost were 4,320,000 jobs.

The output lost by the increase in unemployment is $419.04 billion.

The decline in GDP per capita would be $1,351.74 per capita.

<h3>What number of jobs were lost?</h3>

This can be found as:

= (7.4% - 5%) x 180,000,000

= 4,320,000 jobs

<h3>What amount of output was lost?</h3>

= Jobs lost x output per employee

= 4,320,000 x 97,000

= $419,040,000,000

= $419.04 billion

<h3>What did the GDP decline by?</h3>

= Output lost / Population

= 419,040,000,000 / 310,000,000

= $1,351.74 per capita

Find out more on GDP per capita at brainly.com/question/27016642.

#SPJ1

8 0
1 year ago
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