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Softa [21]
4 years ago
7

Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve nev

er heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means
Business
1 answer:
Klio2033 [76]4 years ago
6 0

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

Explanation:

The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

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For example, an increase in the money supply, areal variable, will cause the price level, anominal variable, to increase but wil
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3 years ago
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6 0
3 years ago
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A - The question suggests you may have been putting more effort and <span>enthusiasm</span> into sales of the products for your new business "<span>you were so excited about the large volume of orders you had" which may mean after your first year of business you may have started to slack of or get complacent with putting you business out there marketing wise, also when launching a product for the first time people are interested in the new and latest thing (such as a new business) after a while people start to forget unless you have marketing and advertising to remind them.
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3 years ago
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