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3 years ago

4. If a good is considered "normal" by economists, an increase in consumers' incomes will result in a decrease in the

Business

1 answer:

tatuchka [14]3 years ago

7 0

Answer:

b. False

Explanation:

A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.

In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.

Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.

Whereas for an inferior good, demand for such good decreases as consumers' income increases.

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Which is a reason why it is important to organize information before preparing a business report?

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Answer:

the answeris B, hope this helps

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3 years ago

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Fill in the missing words: A leading chocolate company recently announced that it has succeeded in creating red chocolate. The c

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The company says that no food coloring was involved. Instead, they used a special type of cacao bean and a unique manufacturing process.

<h3>What is a manufacturing process?</h3>

This involves the process of turning raw materials into finished goods with the help of tools, human labor, machinery etc.

In this context, the complete sentence is the company says that no food coloring was involved. Instead, they used a special type of cacao bean and a unique manufacturing process.

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1 year ago

2. Find the lump sum that must be set aside today to make quarterly payments of $9,000 for 10 years, assuming 8% compounded quar

Svetach [21]

Answer:

i need help

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3 years ago

Pepsodent launched a new product that could whiten teeth, fight decay, and maintain fresh breath. Observing that Pepsodent did n

Scorpion4ik [409]

Answer:

flank attack

Explanation:

Based on the scenario being described within the question it can be said that this is an example of a flank attack. This is the marketing strategy that focuses on attacking the different weak points of the competitors in the market. Which is what Colgate is doing by focusing on the one aspect that Pepsodent has not targeted in order to overtake all of their market share on their newly launched product.

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3 years ago

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Local adaptation is typically preferred by managers who are charged with making the international business successful in their c

atroni [7]

Answer: True

Explanation:

To maintain the competitive advantage of the business the managers of international business adapt to local adaptation strategy. International markets have different languages and culture it is necessary to promote business in the local language to reach the target market accordingly.

The multinational companies have their offices, distribution and production in different countries but they maintain same set of policies and procedures which makes decision making quick and easier. Through this way they maintain the global consistency.

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3 years ago