<span>The answer is
number 1, conspicuous consumption. It is the acquisition of goods or services
for the particular purpose of displaying one's wealth. Conspicuous consumption
is a means to display one's social status, especially when the goods and
services publicly displayed are too expensive for other members of a person's
class. This kind of consumption is characteristically associated with the
wealthy but can also relate to any economic class. The concept of consumerism
stems from conspicuous consumption.</span>
Answer:
a. supply of oranges will increase and the price of oranges will fall.
Explanation:
The crop will have impact on the producer of oranges, their field will have a better yields so, more orange supply. The supplier fixed cost will be distribute among more orange thus, her average cost will be lower.
If the cost is lower, then the price will decrease as well. This will generate an equilibrium cost at more quantity with a lower price.
<span>I believe it would be beneficial for an hco to examine an office of quality management. The reason being is that to have effective quality management you need competent workers in optimal mental and physical health. If quality management fails the health standards, then they will not be able to effectively lead a team.</span>
Answer:
Explanation:
The product becomes more standardized, and price becomes the main competitive weapon. Meaning that in a mature nation resources and opportunities are plentiful and companies are easily able to enter a market and compete with existing markets by producing the same products. Doing so would saturate the market with similar products, causing competition to depend strictly on pricing.
