Answer:
D) the use of terms "light" and "natural" are allowed on labels only in the United States.
Explanation:
As the term "light" has a dictionary meaning of a very low in weight as compared to similar products in the market, is a very basic term to define the nature of product.
No labelling regulator has claimed that this kind of labelling is only allowed in the United States.
Further, the dictionary meaning of the word "natural" with respect to products shall mean, one that is not composed of high chemicals or transformation, but the major essence is extracted from the nature, i.e. from the environment.
Thus, the word natural can again be used by any country to label their product and in no manner is restricted to the United States.
Answer:
In plain terms, the consumer motivation is the set of cognitive factors driving a customer's determination to make a single sale. The payment is the ultimate product of a "Purchaser's Process" scheme, a three-stage mechanism consisting of:
1.Awareness.
2.Interest.
Determination
Answer:
The correct answer is letter "D": the quantity demanded of cereal will increase.
Explanation:
According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).
In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.
Answer:
A. It is the point where the demand and supply curves intersect.
Explanation:
The term equilibrium is used in economics to mean balance. The equilibrium price is the balance between the demand and supply forces. Therefore, the equilibrium price is the prevailing market price.
In a graph that shows both the supply and demand curves, the equilibrium point will be the intersection point of the two curves. The intersection or equilibrium point will represent the current market price. A change to either the quantity demanded or quantity supplied will cause the equilibrium point to change.
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