Based on the story above, the stage of business buying process is (C) general need description. It is because in the story above, the company only seeking a new supplier for the wool and tell about company's need.
In economics and business, Business buying process generally can be defined as the process where business buyers determine which services and also products are needed to purchase. In the steps of business buying process, the company will find the suppliers to buys the materials, and then evaluate, and choose among alternative brands.
There are several steps of business buying process, such as Awareness and Recognition, Specification and Research, Request for Proposals, Evaluation of Proposals, and also Order and Review Process.
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<span>Planning teams are most effective when (C) the group finds common ground on which to build consensus for action. In a team there are different people with different points of view. To bring these people together in an attempt to find what they all like or have in common will help to focus the group's purpose on their goal for planning.</span>
With respect to management decisions a majority of the partners must agree, irrespective of the size of each partner's interest in the partnership.
<h3>What is
partnership?</h3>
A partnership is an agreement in which two or more parties, known as business partners, agree to work together to advance their mutual interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.
A partnership is a single business owned by two or more people. Each partner contributes to every aspect of the business, whether it's money, property, labor, or skill. In exchange, each partner shares in the company's profits and losses.
The goal of a partnership agreement (or partnership contract) is to create a legally binding contract between two or more individuals or other legal entities in order to establish a business enterprise. This partnership agreement specifies each partner's or entity's rights and responsibilities.
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Answer:
The correct answer is 0.533 restaurant meals.
Explanation:
The two goods consumed by the family mentioned here are movie nights and restaurant meals.
The family can afford either 15 movie nights or 8 restaurant meals out of their total budget.
The opportunity cost of 15 movie nights = 8 restaurant meals
The opportunity cost of 1 movie night
= 
= 0.533 restaurant meals
Answer:
the income elasticity of demand is 0.7
Explanation:
The computation of the income elasticity of demand is shown below:
As we know that
Income elasticity of demand is
= Percentage change in quantity demanded ÷ Percentage change in income
= 7 ÷ 10
= 0.7
hence, the income elasticity of demand is 0.7
The same is relevant
