Based on the expectation of the buyers of titanium, the effect on the titanium market in June was 4. The demand curve shifts to the left.
<h3>What happened to the demand curve?</h3>
Because the buyers of titanium expected that the price of titanium would fall in July, they would buy less titanium in June as they waited for the price of titanium to fall in July.
This decrease in supply as a result of waiting for the price to fall, would lead to a shift to the left for the demand curve to show that there is less quantity demand.
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Because amazon prime offers <u>super-fast, free shipping, many other </u><u>retailers</u> have had to offer the same type of shipping in order to compete. This is an example of <u>horizontal channel conflict</u>.
What is amazon prime?
A paid subscription model from Amazon called Amazon Prime is accessible in many different countries and grants users access to extra services that would otherwise be either unavailable or priced higher for other Amazon customers. <u>Services include grocery shopping, streaming music, video, and e-books, as well as same-day, one- as well as two-day delivery of goods</u>. Amazon stated that Prime had more over 200 million subscribers worldwide as of April 2021. In Australia, Canada, Germany, Italy, this same United Kingdom, India, as well as the United States, Amazon Prime membership also grants access to Amazon Video, which offers free instant streaming of a limited number of movies and TV shows. The Kindle Owners' Lending Library, that also enables users to borrow up to one popular Kindle e-book per month, was made available to Prime members in November 2011.
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The benefits of businesses that are involved in the macro environment would be that it will carry through and protect and nurture vital resources (natural resources that are needed), and it would reduce the chances of having extinction in those natural resources. It would also keep everything in order because of the fact if one very important resource ran out it could interfere with many other things.
Answer:
$34,000
Explanation:
Accounting profit = Total revenue - Explicit costs
i.e Total revenue = $50,000
Explicit costs = $12,000 + $1,000 + $3,000 = $16,000
Therefore; $50,000 - $16,000 = $34,000.
Answer:
A) anchoring bias
Explanation:
Anchoring bias refers to a common mistake of relying heavily on the first information that we get, or in this case, the first information that we look for.
We all tend to suffer from anchoring bias, that is why it is one of the oldest sales techniques. Everyone has seen an ad that states a before price and a discount price. If the difference between the before price and the after price are significant, then we will consider that it is a bargain. Or a salesperson first shows us an expensive product, and then shows us a similar but lower priced product, we tend to believe the second product is cheap.
When most of us look for a job, of course we focus on the salary, since we want to work to earn money. But only focusing on the salary is seeing only half the picture, although the most important half. Other associated benefits or costs are usually not considered, e.g. a high paying job might also require dressing formally or spending a lot of time travelling.
