Financial Aid. Generally, the other options are forms of financial aide.
<u>Answer:</u>
<em>True
</em>
<em></em>
<u>Explanation:</u>
Marginal utility evaluates the additional fulfillment that a customer earns from consuming extra units of merchandise or administrations. The idea of marginal utility is utilized by market analysts to decide the number of items customers are eager to buy. Positive peripheral service happens when the utilization of an extra thing expands the free utility while minimizing negative utility happens when the use of an extra something diminishes the complete efficiency.
Answer: Planned obsolescence
Explanation:
Planned obsolescence is one of the type of strategy in which the organization basically ensure about the present version of the given product so that the present become obsolete after some time means out of fashion for not in use.
The planned obsolescence is basically used for designing the industrial and helps in planning the various types of policies for making the products in an organization.
According to the question, the given example is best illustrating the planned obsolescence situation. Therefore, Planned obsolescence is the correct answer.
Answer:
False
Explanation:
As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.
The supply and demand are inversely proportional and does not depend on change of price in a competitive market.
Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.
Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.
But since the change will never be in same proportion to change in price.
Thus, the statement above is false.
