Answer:
d) The change to the equilibrium price of French chocolate souffle is ambiguous and the equilibrium quantity of French chocolate souffle falls
Explanation:
Inferior goods are those goods whose demand falls with the rise in the income of the consumer.
As per the given case, French chocolate souffle is an inferior good. When income of the consumer rises, his demand for French chocolate souffle will fall.
Similarly, when producers of such an inferior good decrease, the supply of French chocolate souffle shall fall.
With respect to the original equilibrium level, the demand curve shall experience a leftward shift i.e decrease whereas the supply curve too experiences a leftward shift i.e supply falls.
At the new equilibrium level, definitely the equilibrium quantity shall fall, but the change in equilibrium price cannot be ascertained as per the given information.
Answer:
The answer is: Credit record to Accounts Receivable account
Explanation:
The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.
Answer:
The correct answer is letter "B": for effective communication skills.
Explanation:
Salespeople main tool is <em>persuasion</em>: the act of <em>creating a need</em> where there may not be. A critical skill required for these types of employees is effective communication. Salespeople must find ways to express their ideas through a sales speech that convinces consumers to generate profits out of sales. They also should reshape that speech according to the different types of customers for a product.
The right response is business-to-business (B2B) option (c).for the given question .
Consumer-to-consumer (C2C) transactions occur when a individual uses eBay to buy it from this customer.
A regulatory body is involved in government-to-business (G2B) e-commerce when it employs e-procurement to get the supplies it needs from vendors.
Virtual corporations are firms that exist exclusively online and don't have any local shops.
Brick-and-click businesses, like Barnes & Noble, run actual storefronts in addition to their worldwide businesses.
Because the overhead of preserving service centers are eliminated, one benefit of the press and hold e-commerce method is that rock-bottom fee structure can be provided.
To know more about Consumer-to-consumer (C2C) click here
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