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Aleks04 [339]
3 years ago
11

Value consists of: a. a product's performance characteristics and attributes for which customers are willing to pay. b. a produc

t's proprietary characteristics and attributes for which customers are willing to pay. c. a product's proprietary characteristics and attributes for which customers consider paying. d. a product's performance characteristics and attributes for which customers consider paying.
Business
1 answer:
RUDIKE [14]3 years ago
3 0

Answer:

A) a product's performance characteristics and attributes for which customers are willing to pay.

Explanation:

Only customers can assign value to a product. A manufacturer can set a product's price, but if the customers do not accept that price and assign a lower value to the product, then they will not purchase it. This applies to every single market situation (except for command economies) including monopolies, free markets, monopolistic competition, etc. Customers value a product depending on its performance characteristics and attributes, e.g. sports cars are value for being fast, Volvos for being safe, compared to other similar products. Customers do not value unique one of a kind characteristics, they value relative characteristics, i.e. the best product has a higher value.

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For countries that use inflation targeting, the rate of inflation serves as which of the following? a. The main operating target
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Answer:The most important policy instrument.

Explanation:Inflation targeting is when the central bank of a country sets specific gradual rate for inflation.It does this in such a way that Inflation rate has a specific limit,this will make consumers think this increment will continue.

As prices rises,people buy more with the intention of selling later at an higher price.

If it is done right,it increases demand,lowers unemployment rate as industries increase their production capacity if demand is high.Inflation targeting usually boost economic growth.

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You are studying abroad in Australia for a semester. Unemployment has been creeping up and currently stands at 6%. This rate is
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Answer:

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C. What happens to unemployment in the short run if citizens of Australia have rational expectations? - Australians will find it profitable to hire in the short-run because their real money balances are high because inflation is very low.

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3 years ago
the main purpose of writing a business plan is to a. meet a state requirement for new businesses. b. inform employees of your bu
tamaranim1 [39]
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When Alex had to have elbow surgery for a baseball injury, her parents were responsible for the first $500 of the cost becase th
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Explanation:

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2 years ago
Amie was recently hired at Kreigmeister Industries as a repairperson. She was informed that if she chose not to join the union r
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The correct answer is letter "D": agency shop agreement.

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