Answer:
Increase in Demand , Increase in Equilibrium Price & Equilibrium Quantity
Explanation:
Demand i.e buyers ability & willingness to buy, has a factor affecting : 'Price of Other Goods - Substitute Goods', which can be inter changeably used. Substitute goods' price & quantity are directly related because- rise in price of a good makes other good relatively cheaper & increases latter's demand and vice versa.
Similarly, If X & Y are substitutes - Increase in price of Y makes it relatively expensive, reduces its demand & increases X demand by making it relatively cheaper (shifts demand curve rightwards).
Increase in X demand & rightward shift in demand curve creates Excess Demand, causing competition among buyers & increasing EquilIbrium Price & equilibrium quantity at new equilibrium.
Answer:The answer is production
Explanation:
Production can be defined as the creation of utilities needed to satisfy human wants. It is a transformation of raw materials into finished goods and the distribution and provision of goods and services to satisfy human wants. Production is said to be complete when the goods are finally in the hands of the users or consumers Who will consume the goods.
Goods can be divided into two namely:
Consumer good : consumer goods are the goods that can satisfy the consumer immediate wants. These goods do not need further process of production for their use by the consumer. Examples of consumer goods are milk, bread, beer.
Industrial good : industrial goods are the goods meant for the production of further goods.Examples are machines, cars, truck used in carrying out productive activities.
Raw materials are the examples of consumer goods that can be used as industrial goods to start a business. These raw materials are put together into finished goods through human effort with or without the help of machines. The raw materials are needed to produce goods without raw materials production of goods is impossible to achieve.
Answer:
The correct answer is letter "B": Strategy implementation.
Explanation:
Strategy implementation refers to the practice of a project or plan a company has come up with in the attempt if introducing a new product to the market, adjusting a production process to maximize efficiency or implement a new set of actions that could potentially benefit the firm's revenue.
This plan involves the company allocating <em>capital, labor, </em>and <em>equipment</em> and keeping employees motivated so their goals, as well as the company's objectives, can be reached.
Answer:
The correct answer is letter "A": Vacant.
Explanation:
Vacant homes are properties empty, meaning without personal belongings inside. <em>Insurance companies</em> offer policies under this scenario overall during the period when the owner is <em>renting or selling the property, will travel, is on vacation, receiving medical treatment </em>or <em>renovating part of the property</em>.
