All categories

3 years ago

In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER

2 answers:

8 0

Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price.
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.

avanturin [10]3 years ago

6 0

If demand for a good or service is high,producers are more likely to produce it since their aim is making profits.In shorter words,refer to consumer sovereignty.

You might be interested in

The city council is getting ready to build a new power plant, which is expected to bring jobs to the community, but also generat

Dominik [7]

Answer:

environmental racism

Explanation:

Based on the information provided within the question it can be said that this scenario could possibly be classified as environmental racism. This is a concept which describes the environmental discrimination that occurs in many geographical locations both in practice as well as on paper. All of which is based on a racialized context.

4 0

3 years ago

According to Nobel economist Frederich von Hayek, law that secures __________ rights in modern society is a prerequisite to priv

katrin [286]

The rights which Nobel economist Friedrich von Hayek, law that secures and was a prerequisite to private enterprise is

Property Rights

<h3>What is Property Rights?</h3>

This refers to the inalienable rights which a property owner has as to how he chooses to rent, lease, let or sell his property or live there.

With this in mind, we can see that the main thing which Friedrich von Hayek believed was a prerequisite to private enterprise was property rights.

Read more about property rights here:
brainly.com/question/14106012

6 0

2 years ago

Price Adjustments This activity is important because as marketing managers set final prices, they start with the list (quoted) p

EleoNora [17]

Answer:

1. Discount

2. Geographical adjustments

3. Allowance

4. Discount

5. Allowance

6. Discount

Explanation:

1. Discount for early purchase and delivery order of chlorine and shock products

2. Geographical adjustment of price, due to shipping and handling costs

3. Allowance given to Raquel for the old ring; to help/encourage her purchase a new one (from the store)

4. Discount on the price or cost of purchase, for customers (like Joshua) who would buy more socks at a go

5. Allowance Capri Sun gives to Safeways Store, for every 15 cases of Capri Sun ordered and displayed in front of the store

6. Discount incentive/bonus Amazon is offering its Prime members. Take note of the nomenclature "Prime members". These are customers who make frequent orders or order a lot of products. Amazon is herefore offering a discount.

NOTE:

- A discount is offered to reduce the cost of purchase - which could be direct or indirect - while an allowance is given to encourage a business deal; as in numbers 3 and 5.

7 0

3 years ago

(4 pts) An inspecting and profiling web controller that costs $40,000 has a life of 8 years with a $5,000 salvage value. The est

Inessa [10]

Answer: $4,375

Explanation:

Annual Depreciation at end of year 5 is the same as every year as this is classical straight line depreciation.

= (Cost - Salvage value) / Useful life

= (40,000 - 5,000) / 8

= $4,375

6 0

3 years ago

________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate

Helen [10]

Answer:

Informational appeals

Explanation:

Informational appeals are an effective way to show and explain your product or service to your potential customers. A company usually uses three types of informational appeal, or a mixture of the three:

highlight your product's benefits or attributes
make a product demonstration or comparison against its competitors
use celebrity testimonials, or regular people testimonials (depends on the budget)

7 0

3 years ago