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attashe74 [19]
3 years ago
14

While shopping you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy

. You rush into the store, only to find that they are sold out. What concept does this scenario illustrate?
A. laissez faire
B. law of diminishing returns
C. scarcity
Business
2 answers:
olya-2409 [2.1K]3 years ago
8 0
B.law of dimming returns
sweet-ann [11.9K]3 years ago
8 0
The correct answer for the given question above would be option C. The scenario wherein you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy, and found out that they are sold out, this illustrates scarcity. This is the insufficiency of amount and supply.
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https://brainly.com/

Explanation:

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3 years ago
Mr. Gonzalez, the sales manager, told his sales team that he wanted them to write down their work goals for the year. To help hi
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To help his team achieve their stated goals, the next thing that he should ask for are each team member’s: Action plan.

<h3>Who are team member?</h3>

Team member are the people who have the same set goals and are expected to work in unity so as to accomplish or achieve their set goals.

Hence,  in order for the team member to  achieve their goals, the next step of action is for him to asked  each team member’s their action plan.

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2 years ago
Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated interna
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Answer:

Common market.

Explanation:

In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.

A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.

A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.

<em>The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely. </em>

7 0
3 years ago
A. Why is the healthcare industry perceived as being less proactive than other industries in the area of computerized informatio
Mrrafil [7]

Answer:

Explanation:

(A) (i) The healthcare industry is perceived that way because most of the training & advancement programs for health practitioners do not shed light on information technology.

(ii) This perception can be changed, by introducing the idea and practice of computerized information systems.

(B) The three concepts are related, such that

- E-health has to do with the offering of health care via electronic means.

- E-commerce is the electronic provision for traders (buyers, sellers, investors, etc) which extends the market place from land to electronic devices.

- Electronic Data Interchange (EDI) is a kind of e-commerce tool or infrastructure which enables the availability and spread of information.

(C) What is driving the increased use of computerized care protocols in healthcare?

The driver of this is the increase in the use of internet technology. Businesses (health or non-health related) have grown through this medium and healthcare givers have had to resort to this.

(D) Key public infrastructure are the social amenities which are considered crucial to the lives of citizens.

This is receiving much attention in the healthcare industry because primary healthcare is a key public infrastructure! Others include stable electricity, pipe borne water, good roads, security, etc. These infrastructure improve the living standard of people.

8 0
4 years ago
A farmer shows up at a tractor dealership with $150,000 to buy a tractor priced at $148,875. The excess after buying the tractor
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The amount that the farmer paid for the tractor, which is the net price after discounts, is $126,543.75.

<h3>What is the net price?</h3>

The net price is the difference between the sticker price and the discount of 15% received off the sticker price.

<h3>Data and Calculations:</h3>

Sticker price of tractor = $148,875

Discount reduction 15%

Amount paid = $126,543.75 ($148,875 x 1 - 0/15)

Thus, the farmer paid $126,543.75 for the tractor at the dealership.

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2 years ago
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