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slamgirl [31]
4 years ago
15

All of the following statements about price are true except a. small changes in price can have big effects on both the number of

units sold and company profit. b. the price for a product or service must earn a profit for the company. c. the price for most products and services is always the same. d. the price must be "right"—in the sense that customers must be willing to pay it. e. the price must generate enough sales dollars to pay for the cost of developing, producing, and marketing the product.
Business
1 answer:
MariettaO [177]4 years ago
3 0

<u>Answer:</u>

<em>C. the price for most products and services is always the same.</em>

<em></em>

<u>Explanation:</u>

A price is primarily the task of a numeric incentive to an item. Prices help us to settle on ordinary monetary choices about our needs and wants. Prices are a sign of the popularity of a product; in this manner the more well known the product, the higher the value that can be charged. For instance, on the off chance that you see a table of strap tops available to be purchased, you can securely expect that bridle tops are not prevalent.

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___ are the criteria the firm uses to screen credit applicants in order to determine which of its customers should be offered cr
77julia77 [94]

Answer:

Credit standards

Explanation:

The credit standard refers to the guidelines that are issued by the organization which analyzed whether the borrower is eligible for the loan or not. It could be checked by his or her credit score that reflects the full picture of borrower credit history i.e borrower is paying the amount of loan within in the given time or not or he is a defaulter that helps in deciding whether to offer credit or not and by how much

6 0
3 years ago
When higher prices result in a lower quantity demanded, economists call this relationship: a. the law of quantity. b. the demand
Zanzabum

Answer:

d. the law of demand

Explanation:

One of the foundations of current economy,  the inversely proportional relationship between prices and quantity demanded, that is, the higher the price the lower the demand, is known by economists as the law of demand.

This law is a key factor in the determination of prices of goods and services that we see each day and reflects the decrease in the marginal utility of each extra unit with an increase in price.

4 0
3 years ago
Are real people answering these questions? Do u get paid?
Yuki888 [10]

Answer:

Yes real people answer these questions. No, at least I don't get paid. (although that would be awesome!!!)

4 0
3 years ago
Suppose that an economy has 9 million people working full-time. it also has 1 million people who are actively seeking work but c
Luda [366]
The unemployment rate will be of 10% of the economy. We can only have in mind the Million people who are actively seeking work in here which is in itself what is taken into account when talking about economy's unemployment rate. Remember also that the unemployment rate that is consistent with full employment known as the natural rate of unemployment. 
4 0
3 years ago
Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in
mezya [45]

Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours:  3 x sugar acres + 4 x soybean <= 1,600

profit  = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

                 SOLVER  

              acres          hours             PROFIT

sugar cane 133  x 3 = 399       x 1,000 =    133,000

soybeans 300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>

                                                  TOTAL           733,000

6 0
3 years ago
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