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SashulF [63]
2 years ago
12

A breakdown of the four components of GDP shows that

Business
1 answer:
scoray [572]2 years ago
5 0

Answer:

The answer is: C. Consumption is by far the largest expenditure​ category, and that consumer spending on services far exceeds consumer spending on goods.

Explanation:

In the US Economy, consumption is by far the largest component of the GDP. Also, in the US economy, the most stable and largest component of consumption is services.

Consumption is calculated by adding all the new, finished, legal, durable and non-durable products and services expenditures.

  • During 2017, the GDP of the USA was $19.52 billion.
  • Approximately 68.4% of the GDP was Household Consumption.
  • Out of the total GDP, 80.2% were services.
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Retailing is composed of all of the business activities that add value to the products and services customers buy. This includes
ivolga24 [154]

Answer: Finance, purchasing, accounting, suppying

Explanation:

Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.

The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding

-Finance

-Purchasing

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-Management Information System

-Supply management including warehouse and distribution management.

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3 years ago
Mark has long supported a particular brand of footwear and has always bought that brand.​ recently, the footwear manufacturer wa
lidiya [134]

What Mark is displaying is selective distortion. This term is used when individuals continue to interpret information in accordance to the belief that they are supporting.

In the example, even though the news have reported that his favorite shoe brand uses child labor to manufacture the brand’s shoes, Mark chooses to believe that the media is lying instead of accepting the report as true.

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3 years ago
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assume george's sandwich included the same ingredients as a sanwhich that you can buy at your local deli explain why georgs's sa
Anika [276]

Answer: Economies of Scale

Explanation:

Economies of scale refers to the tendency of costs to reduce per unit as the number of units produced increases. This is because the producer is able to share the costs amongst all the units produced.

George was getting those ingredients to make a single burger so the produce he used were small in quantity and cost him more. The companies that make sandwiches in large numbers buy and produce the ingredients in bulk which reduces their prices.

For example, George went to Minneapolis to get salt for one burger, those companies would go and get salt for 10,000 burgers at the same time which would reduce the cost by dividing it across the 10,000 burgers.

This cost saving from economies of scale enables the local deli to sell products at a cheaper rate than if we had to make them ourselves.

6 0
2 years ago
Why is it important to know the interest rate on your credit card?
Irina18 [472]
A

When you go into credit (the red) you basically loan money which means that you have to pay a "fine" called interest. so the more you loan and depending on the type of loan, the more interest you will pay.

3 0
3 years ago
A survey of regular customers by Raufel Electronics revealed an increased interest in lifestyle products. Customers were more in
attashe74 [19]

Answer:

demand analysis

Explanation:

That's the right answer. Hope that helps.

8 0
2 years ago
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