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Illusion [34]
4 years ago
13

Which factor sets the ceiling on setting a​ product's price?

Business
1 answer:
Lemur [1.5K]4 years ago
7 0

Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.

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________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in
Serggg [28]

Answer:

Social responsibility

Explanation:

Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.

It suggest that a business firm must be concerned about the welfare of the people in the community.

It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.

Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.

Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.

4 0
3 years ago
What are products that consumers demand less of when their income rises
8090 [49]

Answer:

what are products that consumers demand less of when their income rises

Products that consumers demand less when their income rises are referred to as inferior goods

Explanation:

It is a natural phenomenon in economics that when there is an income rise from the consumers end, it changes their taste for a higher one which makes demand for some goods less and tagged them as being inferior

3 0
3 years ago
Read 2 more answers
Joan is creating a new mail merge envelope to use in sending a letter to her customers. which word feature should she use for a
lbvjy [14]
The correct answer is: type new list.

HOPE THIS HELPS...
7 0
3 years ago
Match the example with the type of individual difference and advantage it shows.
inna [77]

Answer:

Sergey likes to play soccer in his free time = Hobbies

Scott's parents moved from the U. S. to Australia = Background

Bihn wants to make enough money to send his children to school = goal

Yolanda us outgoing and able to make friends quickly = Ability

Cheyenne is currently working as a junior dance teacher in a big studio, to learn what she would need to know when she opens her own someday = experience

Melanie cares about fitness and the outdoors so she often participates in active outdoor activities like biking and mountain climbing = Lifestyle

Amandos favourite subject in school is world history = interest

3 0
3 years ago
​Haley is an accountant for a large hospital network. She knows that she could easily "skim" money from the organization to keep
serg [7]

Answer:

C. front page test

Explanation:

Front page test refers to the analytical study, which provides information to each public official about how people note his or her actions and respond accordingly.

People in general usually observe actions of individuals and then justify or some times reciprocate so many questions to them against there actions.

This clearly shows that Haley is referring to front page test as she is also a kind of public official, as for each action people respond accordingly, and might create opinions and judgement.

Thus, correct option is C.

front page test.

8 0
3 years ago
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