The answer choice which represents a bait-and-switch scam is Choice B; Mike decides to complain to the Better Business Bureau after a store advertises “everything in this store is $5 or less” but discovers the store charges a $2 fee for credit card purchases under $66.
<h3>Which is an evidence against a bait-and-switch scam?</h3>
Bait and switch is a morally suspect sales tactic that lures customers in with specific claims about the quality or low prices on items that turn out to be unavailable in order to upsell them on a similar, pricier item. It is simply considered a form of retail sales fraud, though it takes place in other contexts.
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Answer:
Forward contract
Explanation:
Under a forward contract the contract is made for a future supply of goods and services, and the rate is predetermined in present.
Further, the forward contract is the contract made for hedging of funds or for speculation of funds, it basically is used for hedging as the future price of goods are not specified at present, and thus the predetermined rate helps in gaining extra profits through hedging.
Thus, the correct word the future date contract at predetermined rate = Forward contract.
Sustainable development is a joint approach among those who seek economic growth with "wise resource management, equitable distribution of benefits and reduction of negative effects on people and the environment from the process of economic growth".
<u>Answer:</u> Option C
<u>Explanation:</u>
An ideological movement for achieving the goals of human progress while at the same time maintaining the capacity of earth's natural to provide the natural resources and ecosystem services on which the economy and society rely is understood as "sustainable development".
One illustration of sustainable development is the use of recycled materials or renewable resources when constructing another is building a new community in a formerly unexplored area without damaging the habitat or harming the environment.
Answer:
The answer is C.
Explanation:
In a competitive market, all firms produce identical goods and services. No firm or seller can influence the prevailing market price. To increase their revenue, firms must increase their outputs.
In this industry, firms make economic profit(revenue minus accounting cost minus implicit cost) in the short run but this economic profit reduces to zero in the long run because more firms that are attracted by the short run profit can enter the industry freely. Firms can also exit with little or no cost.