Answer:
Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide
Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.
Barter - trading one good for another without the use of money
In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.
Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account
Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.
The firm's market capitalization after the Initial Public Offering (IPO) with an outstanding shares of 5 million and current market price of $12 is $60 million.
<h3>What is market capitalization?</h3>
Market capitalization is the value of a firm's outstanding shares based on the current market price.
For this firm, the market capitalization is calculated as $60 million ($12x 5million).
Thus, the firm's market capitalization is $60 million.
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This isn’t considered a smart goal because it’s not attainable (C) since you can’t make 10,000 a month at a fast food restaurant, even more so when you’re working first time. So the answer is C
Answer:
Helps understand what your product or service can offer to your customers. Helps plan a successful product offering. Helps with planning, developing and executing effective marketing strategies. Helps businesses make use of their strengths and avoid unnecessary costs.
Explanation:
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