1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
telo118 [61]
3 years ago
14

Lawrence is a photographer. He has $230 to spend and wants to buy either a flash for his camera or a new tripod. Both the flash

and tripod cost $230, so he can only buy one. This illustrates the principle thata.people respond to incentives. b.trade can make everyone better off. c.people face trade-offs. d.rational people think at the margin.
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

This illustrates the principle that;

c.people face trade-offs.

Explanation:

Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;

1. Trade-off

A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.

Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.

You might be interested in
According to Mendenhall and Oddou, which of the following dimensions that predicts success in a foreign posting strengthens an e
Ne4ueva [31]

According to Mendenhall and Oddou <u>self-orientation</u> predicts success in a foreign posting strengthens an expatriate's self-esteem, self-confidence, and mental well-being.

<u>Option: D</u>

<u>Explanation:</u>

Mendenhall and Oddou belief that self-orientation is beneficial to have assumption regarding success in foreign posting capacities by showcasing sufficient amount of self-confidence and mental stability.

Self-orientation allow the representative to arrange the strategy or upcoming conversation in mind according to on going scenario, this is only possible when one is having a stable self-oriented brain rather then doubtful, full of questions, nervous mode or any unimpressive act.

Here, they have correlated self-orientation with positive side of business inspite of being only self concern and not considering other factors.

6 0
3 years ago
Assume that Sharp operates in an industry for which NOL carryback is allowed. In its first three years of operations Sharp repor
Flura [38]

Answer:

$1,620,000

Explanation:

Assume that Sharp operates in an industry for which NOL carryback is allowed.

In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000

There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.

The enacted income tax rate was 25% in 2019 and 30% thereafter.

In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000

3 0
3 years ago
Read 2 more answers
How are strikes damaging to workers and companies?
nataly862011 [7]
During strikes, Worker do not get paid and can't earn money, causing them having a hard time to afford a living until strike is over.
Companies will have bad business
8 0
3 years ago
Read 2 more answers
The key issue in the research on the predictive ability of ars scores was whether these scores accurately predict the magnitude
Marizza181 [45]

The key issue in the research on the predictive ability of ComScore ARS Share of Choice scores was whether these scores accurately predict the magnitude of market-share gain (or loss) the following advertising.

the qestion is incomplete .please read below to find the missing content

The key issue in the research on the predictive ability of ComScore ARS Share of Choice scores was whether these scores accurately predict the magnitude of _____ gain (or loss) in the following advertising.

Research is “creative and systematic work to increase the body of knowledge”. The information must be collected, organized, and analyzed to develop a better understanding of a topic or issue. A research project can be an extension of previous work in the field. Wikipedia

Research is a systematic research process involving the collection of data. documenting material information; analyzing and interpreting such data/information in accordance with appropriate methods established by the particular discipline and discipline;

Research is defined as creating new knowledge and/or using existing knowledge in new and creative ways to generate new concepts, methods, and insights. This may involve the synthesis and analysis of previous research to the extent that it leads to new creative results. January 5, 2020

Learn more about the research  here

brainly.com/question/968894

#SPJ4

5 0
2 years ago
When consumers believe that various items provide the same set of attributes, brand _________ results.
IrinaK [193]

When consumers believe that various items provide the same set of attributes, brand recognition results. The degree to which a consumer can correctly identify a specific good or service only by looking at its logo, tagline, packaging, or marketing campaign is known as brand recognition.

An aural cue, such as a jingle or theme tune related to a brand, can also cause brand recognition. For instance, if you see the pink and orange Dunkin Donuts lettering up ahead, you would immediately recognize it as Dunkin Donuts even before you could make out the words. Identify a brand without being explicitly exposed to its name by using visual.

To learn more about brand, click here.

brainly.com/question/18015592

#SPJ4

4 0
2 years ago
Other questions:
  • What is the best time management technique for school work and working a job?
    10·2 answers
  • Building a strong value structure foundation consists of
    5·1 answer
  • Bank of America customers select their own three- digit personal identification number (PIN) for use at ATMs.
    13·1 answer
  • You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 5.75
    10·1 answer
  • Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist
    8·1 answer
  • Traveler's checks have no reserve requirements and are included in M1. When people travel during the summer and convert some of
    10·1 answer
  • Your textbook discussed a model of a simple economy with four markets: labor, capital, energy, and food. Which of the following
    5·1 answer
  • When using straight-line depreciation to compute depreciation for a partial​ year:
    11·1 answer
  • Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively ma
    8·2 answers
  • Zarasiato24, I couldn't give Brainliest so I am posting a new question so I can give you Brainliest
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!