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Sauron [17]
3 years ago
7

According to Adam​ Smith, which of the following is necessary for the proper functioning of the market​ system?

Business
1 answer:
nlexa [21]3 years ago
4 0

Answer:

The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.

Explanation:

To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.

To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the <u><em>''invisible hand''</em></u><u> </u>that states that <u><em>in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government</em></u>.

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The video says only a handful of companies make eyeglasses and they mark them up 10 or 20 or more times. Markup pricing is best
Alborosie

Answer:

Option A: Adding a predetermined percentage of the cost to the cost of the product

Explanation:

Price

This is simply refered to as money or other thing that ia used i exchanged for the right, ownership or use of a good or service.

Markup

This is commonly defined as thd difference between the cost price and the selling price of an goods or services that the business gives. it is the dollar amount listed or added to the cost of products to get the selling price. It is fondly called Gross Profit , Markup Margin or Margin, Gross Margin.

Standard Markup Pricing

This is the difference between selling price and cost. It is usually called as a percentage of cost.

The need for a markup is that business gather up expenses in order to be in a position to sell goods or services, and the markup covers these expenses and other factors

8 0
3 years ago
After mary's gifts and cards surveyed its customers, it discovered that its customers preferred the company's competition more t
blsea [12.9K]
The stage of Lewin's theory that relates to this case would be stage one (Unfreezing).  This stage is the process where people find methods to let go of their old pattern of behavior.  Therefore, the company would re-evaluate their customer service and try to decrease the issues that are affecting their customer choice.  
8 0
3 years ago
What do you think makes codes of conduct successful in managing industrial relations in MNEs?
poizon [28]

What makes codes of conduct successful in managing industrial relations in MNES is the standardization of a global code of conduct that incorporates a set of principles and missions that guide and motivate employees.

Well-structured codes of conduct are effective in creating a sense of belonging in the management of industrial relations in MNEs, bringing together across different corporate cultures the sense of unification and support of work.

Therefore, a global code of conduct will assist in guiding and strategically controlling the operations of MNEs, to ensure compliance with positive conduct practices in the global market.

Learn more here:

brainly.com/question/18880818

4 0
3 years ago
If both the production of goods and services increase and prices rise, then the change in nominal GDP
IceJOKER [234]
The answer is B. accurately reflect the change in production.
5 0
3 years ago
Matt has three passive activities and has at-risk amounts in excess of $100,000 for each. During the year, the activities produc
anygoal [31]

Answer:

d. $15,000 is allocated to A; $10,000 is allocated to B

Explanation:

Activity C will not carry and suspended losses as it was profitable, the net of 25,000 will be distributed among the lossing activites:

60,000+ 40,000 = 100,000 loss

activity A weight 60%

activity B weight 40%

net loss: 25,000

activity A 25,000 x 60% = 15,000

activity B 25,000 x 40% = 10,000

7 0
3 years ago
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