Answer:
The key elements for any successful marketing plan include the concepts of product, price, place and promotion
Answer:
d. price floor
Explanation:
A price floor is a government mandated mininum price that is higher than the market equilibrium price.
This means that supply and demand do not meet because prices are not allowed to go any lower than the price floor.
The most famous example of a price floor is the minimum wage. A minimum wage is a price of labor that is higher than the market equilbrium. This produces a surplus of workers because supply (workers) is higher than the demand for them (which is determined by the firms).
The correct answer would be, Reformation.
Sometimes a contract does not accurately reflect the intentions of the parties because of some mechanical or clerical error in the document. When this happens, a legal action called a Reformation is necessary to correct the contract.
Explanation:
When two parties make a deal about anything, they write a contract which contains the clauses for that deal. But sometimes the contract does not accurately reflect the intentions of the parties, due to some mechanical or clerical error.
So when this happens, then the court orders the parties to rewrite the part of the contract which appears to be having wrong intentions. Actually, the court allows the parties to take some action and remove or correct the discrepancy.
This is called as Reformation.
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Answer:
20 billion deficit
Explanation:
since the spending is greater than the revenue it creates a deficit
