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nalin [4]
3 years ago
13

One problem with the consumer price index stems from the fact that, over time, consumers tend to buy larger quantities of goods

that have become relatively less expensive and smaller quantities of goods that have become relatively more expensive. This problem is called ____.
Business
1 answer:
BigorU [14]3 years ago
4 0

Answer:

SUBSTITUTION BIAS

Explanation:

Substitution bias occurs when a customer decides to purchase a substitute of a good after the prices becomes cheaper than the goods they normally purchase. It rises as a problem in price index due to the fact that customers/buyers can decide to change or substitute goods at an instant because of changes in prices. In situations like this, customers tend to avoid the whole increase in prices by changing to cheaper substitutes. Substitution generally is a consumer changing or substituting an expensive product for a cheaper one due to changes in prices. This usually leads to inflation rate been overestimated or overstated.

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Organizing Select one:
kaheart [24]

Answer:  Option C

Explanation:  Organizing is the administrative role that typically follows after planning, from the point of view of businesses. Organizing includes assigning tasks and assigning authority to accomplish goals and objectives with sufficient accountability and allocating resources throughout the organization.

Organizing includes creating deliberate task structures by defining and listing the tasks necessary to achieve a company's objectives. In simple words,  Organizing is creating successful relationships of power between specified employers, people, and workplaces so that the community can work effectively together. Or the separation of work into branches and divisions.

Thus, from the above we can conclude that the correct option is C .

8 0
3 years ago
Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa
Anton [14]

Answer:

Imagination Station is engaging in Vertical Integration.

Explanation:

Vertical Integration is a business strategy whereby a firm acquires businesses that provide the supplies it needs to make its products or that makes and sell its products.

In this context, Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers and was approached by Imagination Station, a large computer manufacturer about purchasing their company.

4 0
3 years ago
Read 2 more answers
Anna Jonas owns a manufacturing firm in Indonesia and strongly believes that it is important that​ workers' rights be respected.
Lisa [10]

Answer: cognitive dissonance

               

Explanation: Cognitive dissonance takes place in the fields of psychology when an individual holds two or more irrational beliefs, concepts, or principles, or takes part in a motion that runs counter to any of these three and thereby perspectives mental stress.

Inconvenience is caused by an individual's belief that conflicts with new interpreted proof (statistics) in which they attempt to take steps to address the inconsistency in order to minimize their distress.

In simple words, The concept behind cognitive dissonance shows that people find psychological continuity regarding their life span and the earth's objective reality.

8 0
3 years ago
Advertising can play a major role in ____________and promoting cultural norms, which has drawn criticism from advocacy groups ar
trapecia [35]

Answer:

C) propagating certain cultural stereotypes

Explanation:

This is true not only for advertising but also for many mass media products. The problem is that sometimes reality is very different than the stereotypes that are portrayed.

One of the most controversial issues is the models' weight. Models tend to be usually much thinner than regular people, and that leads to a misconception that being extremely thin is good and healthy. Besides personal beauty preferences, a girl who is 5 foot 10 and weighs only 100 pounds is not healthy.

Similar issues like portraying certain family or lifestyle stereotypes may also have positive or negative effects on the audience since advertisement reaches millions of people.

3 0
3 years ago
The accompanying table shows a small community's demand for monthly subscriptions to a streaming movie service. Assume that only
Effectus [21]

Answer:

The correct answer is (b) Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

Explanation:

Solution

Now,

A monopolist would supply where the total revenue is Maximum

So, quantity produced = 500 where each will produce 500/2

=250 units

Therefore from the given question stated as, If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that: Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

4 0
3 years ago
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