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Alika [10]
3 years ago
11

All of the following statements about agriculture in market economic systems are true EXCEPT

Business
1 answer:
MAXImum [283]3 years ago
3 0

Answer:

B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.

Explanation:

A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.

Cheers.

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Answer:

A. Evaluate strategic opportunities.

Explanation:

In strategic retail planning the steps begin with definition of business mission, conduct situation analysis, identify strategic opportunities, and the next stage is to evaluate the strategic opportunities.

In the evaluation stage we look at how feasible a strategic opportunity is. A choice is made between different alternatives to come up with the best choice for the business.

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Mike and Ike, the fruit-flavored chewy candies, needed a major facelift. The brand had a small but loyal core of "munchers." A r
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D. Product and Promotion

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3 years ago
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Assuming that the MR Corporation has an inventory of 200 defective motors costing $450,000 to produce and $150,000 to repair, if
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<u>Answer: </u>True

<u>Explanation:</u>

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3 years ago
Expenses, Losses, Income and Gains are associated with______accounts.
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Answer:

d) all of the above.

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All of the above statement correspond to different definitions of demand that economists use on a daily base.

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