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krek1111 [17]
3 years ago
7

For a normal good, an increase in consumer income will cause the market demand for the product to:

Business
1 answer:
elixir [45]3 years ago
8 0

Answer:

d. increase, which is a shift to the right of the demand curve.

Explanation:

A rise in consumer's income increases the demand for a normal good. In other words, as people's income increase, the consumption of normal goods goes up. Consumers consider a normal good as a product or service with high utility value.

The demand curve shows the relationship between price and demand for a commodity. A change in price causes movement along the demand curve. When demand changes, the demand curves shift its position in the graph. The demand curve will shifts to the right if the demand increases.  A decrease in demand is when less of a commodity is ordered and causes the demand curve to shift inwards or to the left.

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Alex777 [14]

Answer:

1) False

2) False

3) True

4) True

Explanation:

1) International trade did not begin in 18th century but it started in between 16th and 17th century when the barter system was shifting towards mercantilism. Therefore, answer is False.

2) Twentieth-century although marked duly rise in the female sports fans but marketing efforts were not primarily shifted towards them but included them among the male sports fan base. The female fans created a new segment of marketing which resulted in creating a new product line according to their tastes and preferences. Therefore, the answer is false.

3) Economic sanction does not take into consideration only the economic factors but also various other factors like trade barriers, restrictions on financial transactions, etc. Thus, this makes the economic sanctions more restrictive in nature than the trade sanctions. Therefore, the answer is true.

4) Less affluent countries generally focuses on minimizing the cost and not maximizing the profit in order to meet there requirements effectively. Thus, such countries mostly prefer to use ethnocentric orientation of management system and therefore prefer to operate locally as this would help them minimize the cost and reduce wastage. Therefore, the answer is true.

6 0
3 years ago
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marysya [2.9K]

Answer:

Fractional Reserves

Explanation:

Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.

6 0
2 years ago
Various studies indicate that cost savings from a TMS helps an organization reduce freight costs by:____
sveta [45]

Answer:

6 - 10%

Explanation:

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It is a logistic platform which used the technology to execute business plan and optimize the movements of incoming and outgoing  of the goods and materials to make the shipment process more efficient and smooth.  

In various studies made, it has been indicated or determined that a TMS system helps the organization to reduce the freight cost by 6 - 10 percent.

7 0
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vladimir1956 [14]

Answer:

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Explanation:

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5 0
1 year ago
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Gwar [14]
Identified a Geographic segment
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3 years ago
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