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3 years ago

Why is market economy good for consumers?

2 answers:

7 0

They are good for consumers because the market economy ensures that the most desired goods and services are produced, which consumers would be willing to pay the highest price for the item they want the most.

Stolb23 [73]3 years ago

4 0

Its good cause no fighting is good

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What functional-level strategies has Amazon pursued to boost its efficiency? What functional-level strategies has Amazon pursued

Arisa [49]

Answer:

All answers which are asked related to Amazon's strategies and its customer responsiveness are answered below in details.

Explanation:

Amazon has executed several approaches to improve its performance. These approaches include optimizing their picking and packing methods by using robots to decrease the expenses that the customer spends.

Amazon has achieved new technology to improve performance, and customer responsiveness to increase product quality by spending in Kiva.

Quality for Amazon implies increasing quality as perfection; rendering products, by third party retailers, that are not affected, not lapsed or broken.

Amazon went from trading books to trading a wide variety of media and general- commodity goods.

It has a sustainable competing advantage

When people purchase goods, they match different suppliers on a graded assortment of factors. For Amazon shoppers, those parts, or customer purchasing criteria (CPC), involve cost, fast shipment, and reliable service.

8 0

3 years ago

Which of the following statements is true of entrepreneurs?

Sindrei [870]

The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>

An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.

Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.

8 0

4 years ago

Read 2 more answers

Assume a firm employs 10 workers and pays each $15 per hour. Further assume that the MP of the 10th worker is 5 units of output

Arada [10]

Answer:

A) the firm should hire additional workers.

Explanation:

if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20

Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost

8 0

4 years ago

If the price of gasoline is relatively high for a long time, consumers are more likely to buy more fuel-efficient cars or switch

kicyunya [14]

Answer: Option A

Explanation: In simple words, elasticity refers to the change in demand for a product due to change in its price.

If the price for the gasoline remains high in the long run then at one point substitution effect will come into play and consumers will shift their demand to the alternatives available.

However the product like gasoline will not show decrease in demand in the short run due to price as it more of an essential good to daily life.

Thus, the correct option is A.

8 0

3 years ago

If the minority price for a single share of stock of a company is $20, if there are 500 thousand shares of stock, and a person o

KATRIN_1 [288]

Answer:

$4,500,000

Explanation:

current market price per stock $20

total stocks outstanding 500,000

corporation's total value = 500,000 x $20 = $10,000,000

investor's offer to purchase 100% at $14,500,000

controlling interest premium = $14,500,000 - $10,000,000 = $4,500,000

new price per stock = $14,500,000 / 500,000 = $29

The controlling interest premium equals the difference between the current market price of the stock and the purchase offer.

8 0

3 years ago