A person may choose to rent instead of buying a property as they can't afford a down payment
Answer:
Fein Company
Schedule of Cash Payments
For the Month of August 202x
Salaries expenses:
From July salaries $3,230
<u>From August salaries $31,860</u>
Total salaries $35,090
Direct materials:
From July purchases $61,600
<u>From August purchases $14,600</u>
Total direct materials $76,200
Overhead expenses: $64,850
Debt payments:
Principal $15,000
<u>Accrued interests $450</u>
Total debt payment $15,450
Total cash payments $191,590
Answer: level of satisfaction derived from a person's circumstances.
Explanation:
The utility a consumer derives from a product/service is the measure of the level of satisfaction the consumer derive from the product/service chosen. Utility can also be defined as the level of usefulness of a product to an end user.
Answer:
Transaction
Explanation:
Marketing exchange process refers to a process wherein two or more individuals buy or sell a good. Exchange refers to the consideration which is paid in return for the product i.e money.
For any exchange to take place it is essential that the good is transacted.
Customer would be the one who requires the product or the ones who create a want.
A Provider is the one who satisfies a want or say the one who makes the product available.
Product is the bundle of utilities or attributes which satisfies a want.
Transaction is effected when the buyer gets the product and the seller gets paid for the product.
The answer is: <em><u>TRUE </u></em> Equality refers to how the pie is divided and efficiency refers to the size of the economic pie.
