Answer:
product screening
Explanation:
The activity being described in this question is part of the product screening. This is a step in the product development process where different product designs are evaluated and analyzed according to the company's goals and criteria and those that meet all of their requirements are chosen for production while the ones that don't are scraped. This is what Mathew is doing by choosing the two product proposals that meet the companies requirements and which they believe will be good to pursue.
I believe that the strategy you are using when you only read the title, section headings, and captions is called the SQ3R reading method. The abbreviation stands for survey, question, read, recite, and review, and it helps you better understand your assignment.
B.
A low GDP means the economy is weak and this results in lower available tax revenue.
Answer:
c. prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources.
Explanation:
As we know that the private goods are considered to be the rival and excludable so the consumers who pay for the private goods and the producers of the private goods could exercise the property rights over and across them. Also the market efficiently distributed the resources for private goods production
So as per the given situation, the option c is correct
Close Substitutes.
When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.