Produce goods and services that are not environmentally friendly and increase the affect of manufacturing goods and services
Answer:
$90,000
Explanation:
When we calculate GDP, its not included the value of the resale product because the value of the original product(house) already included in the year. Reselling item and commission added in GDP. Because Dealer gets commission for his service and this is like his income.
Included Amount in GDP = Sale Price × Agent Commission
= $1,500,000 × 6%
= $90,000
2020, GDP will increase by = $90,000
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Explanation:
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Firms with new products often estimate price elasticity of demand by experimenting with different prices. When a firm releases a new product, they have to estimate what the demand will be based on the price they set because they don't exactly know what consumers are willing to pay for their item. Often times, a focus group or some type of information pannel is set up to allow consumers to see the product and give recommendations on price points for the company.
Answer: True
Explanation: The given case does illustrates business acquisition. Business acquisition refers to the process in which one company purchases majority or all of the shares of another company.
In the given case, Laurie corp. purchased Smith inc. and the part of production is then transferred to the purchased company for the ease of operations.
Hence, from the above we can conclude that the answer is true.
