Answer: B. It requires a double coincidence of wants.
Explanation:
Barter trading works by exchanging a good or service with another person who then gives you another good or service. For this to work both parties need to want the goods they are exchanging. This is called a ''double coincidence of wants''.
Barter trading cannot happen without it because if for instance you have a good or service that the other party does not want, they will not trade. For instance, you want to trade a cow for building materials but the man selling the building materials wants 3 sheep instead and so will not trade.
It makes this system very inefficient and cumbersome.
Answer: Brand association
Explanation: In simple words, brand association refers to the perception that the customers have in their mind with regard to the brand of an organisation.
In the given case, The new company has just entered while Toyota already have a positive image in the eyes of its customer and potential customers. Thus, Toyota has the advantage of brand association.
Answer:
The correct option is (D)
Explanation:
Cash flow statement comprises cash outflow or inflow from operating activities, investing activities and financing activities. increase in cash represents that inflow from these activities were more than outflows.
Beginning cash balance plus increase in cash gives closing cash balance. With closing balance and increase in cash, beginning balance can be computed. But, cash flow from investing activities cannot be computed as cash flow from financing activities is not given. There are two unknown variables.
Cash flow from operating activities and increase in cash will not help in computing cash flow from investing activities
Therefore, information provided is not sufficient to compute cash flow from investing activities.
Answer:
property taxes are based on the purchase price of the property.
Explanation:
when you buy a home, the assessed value is equal to the purchase price.
Answer:
D, floor that is binding
Explanation:
floor that is binding means that the government sets a required price that is at prive above equilibrium
