Insurance premiums, entrance fees, train fares, and organization dues are all examples of price.
<h3>What is price?</h3>
Price is the amount of payment or compensation given by one party to another for a good or service. In some situations, the price of the product has a different name. If an item is a "commodity" in a commercial exchange, the consideration paid for that item is likely to be called its "price."
There are many other types of price. Some of them, like the threshold price, are conceptual. Others relate to the timing of a potential deal or the relative strength of the buyer and seller. However, they all ultimately have something to do with the spot price.
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Answer:
The correct answer is: the acquisition of the products.
Explanation:
To begin with, in the USA and in other countries as well, the laws that prevent the damage of the consumer by taking care about the competition, avoiding monopolies and regulating as well those two main factors, encourage the fact that most of the people could afford most of the goods that in the past may have been privileges. Moreover, by protecting the competition the governments ensure the fact that substitutes are developed for every product possible and therefore if more goods are available in the market then the most of the people would have access to them.
Answer:
The most important factor is to carefully<em> examine the terms of the contract. </em>In other words, specifying a financial deal or contract shortly can be hard at times, and it needs thorough examination of the contract.
Therefore, it is essential to carefully read the contract and see if there aren't any hidden fees, provisions or terms that you may not have expected. Also, you should know the consequences related to the situation when you cannot fulfill your part of the deal.
Answer:
They are currently earning an economic profit of $1,600 per year
Explanation:
Economic profit = total revenue - accounting costs - opportunity costs
in this case:
opportunity costs = interest earned by their bond investment + the salaries of the three sisters = ($120,000 x 7%) + ($35,000 x 3) = $8,400 + $105,000 = $113,400
accounting costs = $25,000
total revenue = $140,000
Economic profit = $140,000 - $25,000 - $113,400 = $1,600
Collaborative filtering is the mechanism that filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences.
Given that the mechanism filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences.
We are required to fill the blank with appropriate term which makes the sentence meaninful.
The term that can be used in the blank is collaborative filtering.
Collaborative filtering is basically a technique that can filter out items that a user might like on the basis of reactions by similar users.
Hence collaborative filtering is the mechanism that filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences.
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