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Likurg_2 [28]
3 years ago
7

When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay

raise, leading to an increase in his annual income. As a result of his pay raise, John decides to drive wherever he goes instead of riding the bus. This behavior would indicate that to John, a bus ride is a(n)_________good.a. ceteris paribus b. complementary c. Inferior d. normal
Business
1 answer:
bulgar [2K]3 years ago
5 0

Answer:

<em>An inferior good</em>

<em></em>

Explanation:

<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.

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________ marketing calls for socially and environmentally responsible actions that meet the present needs of consumers and busin
Alex_Xolod [135]

Answer:

Sustainable Customer-driven marketing calls for socially and environmentally responsible actions that meet the present needs of consumers and businesses while also preserving or enhancing the ability of future generations to meet their needs.

Sustainable Customer-driven marketing refers to the concept that an overall need and satisfaction is provided to the society to keep it sustainable. The consumers needs to know that they are important and so are their future generations which builds trust and keeps a sustainable environment.

6 0
3 years ago
thew recently purchased a new laptop for $1,500. He subsequently saw an advertisement for what appeared to be a similar model be
vovangra [49]

Answer:

The answer is post-purchase dissonance

Explanation:

Post-purchase dissonance is a situation in which a customer's perception is disturbed after buying a product or service. This results in the customer either regretting buying the product or considering returning the product.

One of the major reasons behind Post Purchase Dissonance is the external pressure on the customer while purchasing the product or service

8 0
3 years ago
On January 1, Witt Company has a beginning cash balance of $126,000. During the year, the company expects cash disbursements of
aleksley [76]

Answer:

The company must borrow $144000

Explanation:

The required ending cash balance is the balance that the company should have at the end of the period. The decision to borrow will be taken by comparing the actual ending balance with the required ending balance. If the actual ending balance is less than the required ending balance, only then the company needs to borrow to reach the desired level of ending balance.

The actual ending balance can be calculated as,

Actual Ending balance = Opening Balance + Cash receipts - Cash disbursements

Actual Ending balance = 126000 + 870000 - 1020000

Actual Ending balance = - $24000

Difference = -24000 - 120000 = - $144000

As the ending cash balance is negative ( - $24000) which means that there is a shortage of cash and the company does not have enough cash to meet the disbursements for the period and maintain the required ending cash balance. The negative sign in difference indicates shortage and the need for borrowing. The company should borrow for the amount of difference. Thus, the company should borrow $144000

4 0
3 years ago
Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li
Artyom0805 [142]
An organization in which all accomplices are constrained accomplices is a limited liability partnership(LLP). It along these lines shows components of associations and companies. In a LLP, one accomplice is not dependable or obligated for another accomplice's offense or carelessness. Joe would not be subject if another accomplice were to commit an error. The answer is the 4th one. 
6 0
3 years ago
Read 2 more answers
Education is the basic requirement for profession.Explain this statement​
True [87]

Answer:

The answer is below

Explanation:

Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.

For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.

Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.

For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.

5 0
3 years ago
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