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Verizon [17]
3 years ago
12

What is consumer sovereignty? a. it is the right of consumers to lodge complaints against fraud and misconduct b. it is the cont

rol excercised by consumer's preferences on the production of goods c. it is the ability of a producer to respond to consumer's needs and preferences d. it is the recall of consumer products deemed unfit for consumption
Business
2 answers:
Ganezh [65]3 years ago
5 0
<span>What is consumer sovereignty?
The correct answer is 
</span>b. it is the control excercised by consumer's preferences on the production of goods

<span>Consumer sovereignty</span> is the power of consumers to determine what goods and services are produced. The theory suggests that consumers, not producers, are the best judge of what products benefit them the most. Due to the fact that consumer markets depend so heavily on demand, producers must monitor the needs of these individuals if they want their products to have any chance at success.
kipiarov [429]3 years ago
5 0
The correct answer is B
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Splish Corporation has retained earnings of $707,000 at January 1, 2020. Net income during 2020 was $1,428,500, and cash dividen
BartSMP [9]

Answer:

Explanation:

Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer  fro the year, dividend paid during the year etc.

                    Splish Corporation

           Retained Earning Statement

  for the year ended December 31, 2020

                                                                          $

Retained Earning at January 1, 2020           707,000

Less: Cash Dividend paid during 2020       85,000

Add: Net Income for the year 2020             <u>1,428,500</u>

Retained Earning ath December 31 2020   <u>2,050,500</u>

5 0
3 years ago
You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is
bekas [8.4K]

Answer:

10%

Explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.

6 0
3 years ago
As the interest rate __________, the quantity supplied of money __________ and the quantity demanded of money __________. Group
Helen [10]

Answer:

rises,remains unchanged,rises

6 0
3 years ago
Ally is known for not listening in meetings and for misunderstanding directions. Ty has decided to take a new approach with her,
scoray [572]

Answer:

e.by paraphrasing

Explanation:

Based on the information provided within the question it can be said that Ty wants ally to respond to what he just said by paraphrasing what he told her. This means that he want's her to repeat everything that he just told her but in her own words. That way he makes sure that Ally heard and understood everything that Ty has just said.

3 0
3 years ago
In the – run, a producer may have difficulty increasing its –, which makes supply –. However, in the – run the producer may be a
Anon25 [30]

Answer:

The correct words for the blank spaces are (in that order): short; supply; inelastic; long; elastic; responsive.

Explanation:

Supply elasticity refers to the changes in quantity supplied as a result of changes in other factors of production. It measures the responsiveness of the change in the price of that particular good or service offered. In the short term, if there is not enough output, the quantity supplied will be inelastic (less responsive). The opposite happens in the long term with higher levels of output: the supply is likely to become more elastic.

5 0
3 years ago
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