An example of an Income segmentation is when the detergent is packaged in different size for different class of people.
<h3>What is an
Income segmentation?</h3>
These aspect of segmentation involves segmenting people based on what they earn and how much disposable income they have
Therefore, the example of an Income segmentation is when the detergent is packaged in different size for different class of people.
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Answer:
the increase in the money supply is 1%
Explanation:
The computation of the increase in the money supply is given below;
The increase in the money supply is
= Growth rate in Real GDP - Growth rate in velocity
= 3% - 2%
= 1%
Hence, the increase in the money supply is 1%
It would be come by subtracting the two items from each other so that the accurate percentage could come
Answer: Economic perspective is when an issue is considered been affected by the economy or the economy affecting the issue when making a decision. This decisions making are described as follows;
Scarcity; Available resources can only be used for only one purpose at a time, that means choice has to be made. Because I choice must be made, decision making has to be considered. Scarcity and choice goes together.
Opportunity cost; The cost of any activity,goods or services is the absolute value of what must be given up to obtain it. That means a decision for the value to be given up as cost, to get a goods, services or activity should be weighed.
Utility; this is the satisfaction derived from the consumption of a goods or services. Before a satisfaction can be achieved, a value must be given up to achieve such satisfaction, a decision of the value to be given up compared to the satisfaction should be weighed
Marginal analysis; any option considered in decision making weigh the marginal benefit against the marginal cost, where marginal means extra, additional, or a change in. Therefore the marginal cost of an action should not exceed it's marginal benefits. Whether the decision is personal or one made by business organization or government, the principle is always the same.
Purposeful behaviour; people always weigh costs and benefits in a way to maximize satisfaction with their decision. They should be a rational self-interest, which will lead to achieving maximum utility in decision making.
Answer:
the best way to handle this situation is to share him responsibilities amongst available employees so as to keep the ball rolling in the office. business can't shut down because he didn't show up