The problems with price gouging laws that keep prices low are:
- Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
- When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
Here are the options to this questions:
- Price gouging laws reduce shortages after a disaster by keeping prices low.
- Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
- When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
- When prices rise after a disaster, consumers are encouraged to consume less of the good and leave some for others to purchase; price gouging laws short circuit this effect.
- Price gouging laws keep prices low after a disaster. This forces producers to produce more of the needed goods
- Price gouging laws keep prices low after a disaster. This forces consumers to buy less of the good than they otherwise would
Price gouging is when the price of a good or a service is increased to very high levels when the demand for the product is higher than the supply of the product. Price gouging usually occurs after an event. For example, after a natural disaster.
In order to prevent price gouging, the government can set a price ceiling. A price ceiling is when the maximum price for a good or service is set by the government. When prices are prevented from rising above a particular price, this benefits consumers as they would be able to purchase goods at a cheaper price. But producers would be disadvantaged because their profit margins would fall. This can lead to a shortage problem as demand would exceed supply.
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Answer:
B) upward communication
Explanation:
Upward Communication -
It refers to the flow of information from the lower level to the higher level in the company, is referred to as upward communication.
The method helps to pull out thought and innovative technique from all the employees working in the company , and is used for the betterment of the company.
It helps to have a healthy conversation and decision making process, which helps the company to grow.
Hence, from the question,
The company Munchkin takes idea from all the employees and tries to implement it into the company, thereby showcasing the method of upward communication.
<span> Revenue </span>accounts or <span>Expense </span><span>accounts</span>
Answer: Intel.
Explanation:
A manufacturer is a company that makes finished or semi-finished goods for sale from raw materials. Intel produces various chips and microprocessors used in making most computers in the market.
Answer:
The total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $3,410.40.
Explanation:
Margin on selling vehicle = Average vehicle selling price * Margin = $23,700 * 11% = $2,607
Margin generated by 78% of people who return for service over 5 years = Number of times * Margin generated on each service = 10 * $103 = $1,030
Total estimated customer lifetime value (CLV) = Margin on selling vehicle + (Margin generated by 78% of people who return for service over 5 years * 78%) + (Margin generated by 226% of people who do not return for service over 5 years * 22%) = $2,607 + ($1,030 * 78%) + ($0 * 22%) = $3,410.40
Therefore, the total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $3,410.40.
