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choli [55]
3 years ago
10

Explain how consumer sovereignty helps drive progress

Business
1 answer:
mars1129 [50]3 years ago
5 0

Answer:

Traditionally, although it was the consumer who purchased and used the goods and services, the sellers and the companies yield a massive power in the market.

However, in modern times where information holds the true power, backed by the new regulations, the consumers now are more informed and aware about the market, it's companies and the products and most of the time they make informed decisions.

Moreover, the purchasing power of the Customer is on the rise too. Giving more decision power, choice and sovereignty to the consumers. This pushes the competition and the sellers to provide better quality goods and services.

Explanation:

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Explanation:Product pricing is a process through which the price of a particular product is determined, this can be done through conducting a Scientific experiment involving the target customers to know how much they will be willing to pay for that product and under what circumstances.

Scientific experiment ensures that stepwise or procedural approach is followed in order to specifically get proper and reliable Information from the audience or Customers, it gives a unique Information regarding what you are looking for.

8 0
3 years ago
"An unexpected benefit of deliberate practice is ______"
ohaa [14]

Question options :

A. You become more skilled at perceiving situations

B. your life becomes organized

C. you become successful

D. your children learn valuable lessons from watching

Answer:

A. You become more skilled at perceiving situations

Explanation:

Deliberate practice involves focused and careful directed efforts towards improving performance in a chosen field.

deliberate practice brings unexpected benefits such as being able to understand complex patterns and adapting easily to changes. This is because individuals who experience this are able to develop their intuitions in this way

5 0
3 years ago
What do price controls give us?
Naddika [18.5K]

Answer:

Price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods. ... Over the long term, price controls can lead to problems such as shortages, rationing, inferior product quality, and black markets.

Explanation:

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3 0
3 years ago
a blank is sent to you from the_____each month showing the transactions you made with your checking account
GaryK [48]
A (mail) is sent to you from the( bank)
5 0
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Journal entries of hari started business with cash and goods​
Natasha2012 [34]

Answer:

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Explanation:

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7 0
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