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goblinko [34]
3 years ago
13

Explain the link between scarcity and opportunity cost.​

Business
1 answer:
Helga [31]3 years ago
5 0

Answer:

Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)

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Ryan is debating how to allocate the IMC budget for his new ski equipment store. He knows having knowledgeable salespeople in hi
kondaur [170]

Ryan is debating how to allocate the IMC budget for his new ski equipment store. He knows having knowledgeable salespeople in his store can simplify buyers' purchase decisions. He should also consider that, compared to other IMC alternatives, personal selling is

A) ineffective.

B) overrated.

c) easy.

D) simple.

E) expensive.

Answer:

A) ineffective

Explanation:

Personal selling has to do with marketing that is done by a salesman from the sale of a product/service from the manufacturer to the consumer.

The seller or salesman tries to promote his product through their attitude, appearance, manners and expert knowledge, They try to encourage the customer to buy the product, or at the very least, try the product.

IMC means Integrated Marketing Communications which makes sure that all forms of communications and messages regarding marketing and sales are carefully linked together.

Compared to IMC alternatives, personal selling is ineffective.

8 0
4 years ago
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal?
zimovet [89]

Answer:  Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks

Explanation:

The type of unemployment is not given but the above option is the only one that can reduce unemployment out of the options given.

People who recently lost their jobs and are on Unemployment insurance might find that their motivation to look for a job is not as strong as it should be because they are still receiving a paycheck at the end of the month. It will therefore most likely take them longer to find a job than necessary because they simply aren't looking hard enough.

If the Government stepped in and offered them a cash incentive to find a job quicker, this can have the effect of reducing unemployment by giving those people who were just mentioned renewed motivation to look for employment rather than just remain on Unemployment insurance.

3 0
4 years ago
What do the europeon union and the world trade organization have in common
JulijaS [17]

The European union and the World trade organization  have trade policy as common.

<u>Explanation: </u>

World Trade Organization (WTO) comprises governments and border control territories that establish, implement, and enforce international trade rules. European Union and the individual EU Member States are members of WTO.

To make sure that rules-based global trade process, the WTO is involved. Despite the deadlock in negotiations, ways are being examined to upgrade WTO rules and tackle new international challenges.

New developments in the WTO trade rules have been brought about by the coming into effect of the Trading Facilitation Agreement in February 2017. Parliament passes legislation in conjunction with the Council under the Treaty of Lisbon and has a major accountability role on global trade policy.

4 0
3 years ago
The total value of all goods and services produced annually in the united states is called
monitta
The GROSS NATIONAL PRODUCT(GNP)
its the market value of all the products and services produced in a given year
3 0
3 years ago
Help with this please,,..
JulsSmile [24]
I can barely see is that supposed to say gross
4 0
3 years ago
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