Answer:
a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.
Explanation:
The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.
Answer:
False
Explanation:
The invisible hand is a concept which was presented by Adam Smith in 1759. According to the concept, market forces were referred to as the invisible hand, which helps to move the free market economy. The market forces interact with each other to bring the market back to equilibrium. The general idea was these invisible forces can bring the market back to equilibrium without government intervention.
Innovation gives companies a "fresh" image without changing much real substance.
<h3>What is innovation?</h3>
This refers to the process or an exciting new way of doing something. It involves coming up with new ideas, which is different from the existing one.
Hence, innovation is a key component of a manager's job in today's business environment because it gives companies a "fresh" image without changing much real substance.
Learn more about innovation here: brainly.com/question/19969274
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B or A bcus economic is based on policy’s and ideas
Answer:
Whole product thinking
Explanation:
Since in the question it is mentioned that the tool for design thinking would be help for ART at the time of Increment in program planning so that it would delivered a solution i.e. different from competitive offering , the tool i.e. required is whole product thinking as it measures the actual and expected value how such solution would meet the customer needs
Therefore the above is the answer