Answer:
highest; highest
Explanation:
Early phase of life cycle need highest cost in the whole life because it requires a significant expenditure on marketing and other selling expenses. The uncertainty is also at the highest position because the company does not know about customer response and level of demand of the subject product. So, both the resources needed and uncertainty are on highest position in early stage of life cycle.
Answer:
Explanation:
A Contract for Deed refers to the tool which allows buyers who do not qualify for conventional lending, or buyers who are in need of a faster financing option to purchase a property.
The seller will still retain the legal rights to the property until the balance of the payment is made. The legal rights are only transferred after the buyer has made the final payment.
Disadvantages Include:
- To the seller, clearing the title may take time and money if the buyer defaults on the contract.
- The seller can decide to foreclose on the property if the buyer defaults, and the buyer has no recourse against the seller.
Answer:FALSE
Explanation: UNEMPLOYMENT is a term used to describe the inability of persons to secure jobs due to the reduced number of jobs available. People can be unemployed due to various reasons which includes Lack of qualification, lack of available jobs etc.
Unemployment is not only as a result of lack of qualification,it can also be caused by other prevailing conditions which makes the number of available jobs to be lower.
The correct choice from the given options is "It is a problem that arises when an economic variable that affects other variables is omitted from an analysis and its omission leads to false conclusions about cause and effect."
The term omitted variable alludes to any factor excluded as a independent variable in the relapse that may impact the dependent variable. The omitted variable inclination is a typical and major issue in relapse investigation. By and large, the issue emerges in the event that one doesn't think about every single significant variable in a relapse. For this situation, one abuses the primary suspicion of the supposition of the classical linear regression model.
Answer:
The correct answer is a) firms are forced by competitive pressure to be as efficient as possible
Explanation:
In a perfect competition market, firms will have so much competition that they will be as efificient as possible. The definition of efficient here is determined by allocative efficiency and production efficienty.
Allocative efficiency means that in perfect competition firms will allocate resources where they work best to produce the most ouput, and production efficiency means that firms will supply exactly the amount of goods demanded by the public, making scarcity impossible.