1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viefleur [7K]
3 years ago
11

The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy

. This statement best describes the concept of The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the concept of
Business
1 answer:
Ray Of Light [21]3 years ago
8 0

Answer:

Consumer Sovereignty

Explanation:

Consumer sovereignty in production refers to the controlling power of consumers and that the production of goods and services is determined by the consumers' demand.

In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty

You might be interested in
The future of work is characterized by (choose all that apply):
Jobisdone [24]

Answer:

B

Explanation:

You want a good impression with people and you also need people to help you along the way

3 0
3 years ago
Why is it important to understand the competition your business faces?
fomenos

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

5 0
3 years ago
The optimal level of difficulty of a goal Question 18 options: occurs only when employees set their own goals. occurs when the g
Dennis_Churaev [7]

Answer:

occurs when the goal is challenging but not impossible.

Explanation:

A goal can be defined as the desire to meet specific targets over a period of time.

Generally, there are different types of goals and these includes;

1. Short-term goal: this type of goal are usually actualized (achieved) in a week, months or within a year.

2. Intrapersonal goal: a goal that is personal and fixed. This type of goal is peculiar to an individual and might include an action plan or desire to stop a behavior, start a task, improve on an aspect of your life, etc.

3. Normative goal: it's dependent on the achievement of others. It is typically based on an evaluative standard.

4. Long-term goal: it's to be achieved in the distant future. This type of goal are usually in a long period of time such as five (years) and more.

The optimal level of difficulty of a goal occurs when the goal is challenging but not impossible.

4 0
3 years ago
None of the houses that Frank Lloyd Wright built in the Prairie Style actually stood on the prairie, though the drawings in the
Vikentia [17]

Answer:

C. works show the buildings

Explanation:

5 0
3 years ago
If the ratio for unit cost to sales price for a product is 1:4, how much would the selling price be for a product if it has a un
Mkey [24]
Ratio and proportion is a useful method in determining a value using a known constant in ratio form. In this case, the ratio of cost to price is always 1/4. Hence, the solution goes as follows:

1/4 = 33.85/price
Price = 33.85*4
Price= $135.4 
6 0
3 years ago
Other questions:
  • Reward power relies upon persuading others based upon giving them some form of reward. It is most appropriately used when:
    12·1 answer
  • Which of the following is NOT a benefit of using direct deposit for your paycheck or state/federal benefits?
    6·1 answer
  • LIBOR is A. a resource used in production. B. an interest rate paid on Eurodollar loans in the London market. C. an interest rat
    8·1 answer
  • Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactu
    7·1 answer
  • The following information is available for the pension plan of Swifty Company for the year 2020.
    8·1 answer
  • XYZ Company manufactures several different products. Unit costs associated with Product ABC are as follows: Direct materials $87
    15·1 answer
  • Sorry to bother but i need someone to talk to me if your older than 15 don't bother to message thank,you❤
    9·1 answer
  • Samantha is a single mother raising two young children. In 2015, she was let go from her assembly line job at the car plant wher
    12·1 answer
  • You will not hurt your credit rating if you:
    14·1 answer
  • If Samatha finances the entire cost of a $700 bike at an APR of 2.95%, how much will she end up paying in total for the bike aft
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!