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Lady_Fox [76]
4 years ago
12

"Mediocre economists often consider only the immediate direct effects of a change, whereas a good economist will also consider i

ndirect effects that may only become observable over time." This statement most clearly emphasizes Select one a. the fallacy of composition. b. economizing behavior. C. the fact that association is not causation d. the importance of secondary effects. o
Business
1 answer:
zheka24 [161]4 years ago
4 0

Answer:

the importance of secondary effects.

Explanation:

Secondary effects in economics is the effects the is experience from future rounds of repurchasing. This occurs after first purchase activity (primary effect).

An economic activity results in future events and this is called multiplier effect.

For example crime has primary effect of damage, loss of property, and loss of life. The secondary effects of crime is the measures put in place to curve future crime, people not wanting to come to an area where crime is common, discourages domestic and foreign direct investment.

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Martin has hired a marketing research company to bring together a small group of soft drink consumers and get feedback on the th
viva [34]

Answer:

Focus Group Study

Explanation:

Focus group is a small group with diverse people whose reactions are studied by market researchers to analyze attitude towards a particular product, advertising campaign and so on. It is estimated that these reaction represent a large population.

In this case, Martin has suggested that the company should study the reactions by a small group towards the three advertising slogans that the firm is considering.

Consensus can be derived by the responses of this group which is considered to represent the population at large.

Marketing research company should conduct a focus group study.

8 0
3 years ago
Suppose lenny is the sole owner of the football team, and has never created a separate business organization for it. how is the
nataly862011 [7]
<span>The team is owned in a SOLE PROPRIETORSHIP<span> kind of business. Sole proprietors are people who own a specific kind of company or investment  all on their own. They produce the necessary capital and are personally responsible for any debts that may occur in the business. This type of ownership is actually the simplest business form under which a particular business can operate because no other parties are involved in settlements and agreements.</span>
</span>
5 0
3 years ago
(Ignore income taxes in this problem.) Avanca Fitness Center is considering an investment in some additional weight training equ
LenaWriter [7]

Answer:

Explanation:

The payback period on this equipment is closest to value of PV factor of 12% for 10 years

Factor of the internal rate of return=\frac{(1-(1.12)^{-10})}{0.12} = 5.65

The payback period on this equipment is 5.65 years

8 0
3 years ago
Hot Products owns a patent for a fan motor that it uses in ceiling fans. Allied Electric uses a fan motor that is identical to H
noname [10]

Answer:

The answer is: YES

Explanation:

Hot Products is the legitimate owner of the patent for the manufacturing and commercialization of that fan motor. If Allied Electric wants to produce and use that specific fan motor they must come to a manufacturing licence agreement with Hot Products even thought the fan motor is used differently (one in ceiling fans and the other in air conditioners).

4 0
4 years ago
Improving business processes by reengineering them, benchmarking specific activities against industry leaders, encouraging emplo
V125BC [204]

Answer: (C) Piecemeal productivity improvements

Explanation:

The piecemeal productivity improvement is one of the type of business strategy that is used by various types of successful organization for the purpose of improving the productivity of an employees, the business process and also managing all bench-marking activities in an organization.

 According to the given question, the given  activities in an organization are the example of Piecemeal productivity improvements that helps in expanding the product scope in the market. Therefore, Option (C) is correct answer.  

  Therefore, Option (C) is correct answer.

4 0
3 years ago
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