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Annette [7]
4 years ago
7

Price ceilings are created to keep products affordable for consumers.Answer

Business
1 answer:
eduard4 years ago
6 0
Answer : a. True

It is true that price ceilings are created to keep products affordable for consumers. Price ceilings are set by the government. It is a government initiative to regulate the prices of commodities, products and services in the market to protect the consumers' interests and rights. In deciding the price ceiling, it must be considered that it should be below the natural market equilibrium. Legally, the prices can't just be raised suddenly but must follow certain legal and business procedures.
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Which of the following best describes the law of supply and demand?
Zina [86]

Answer:

D. When a desirable product or service is scarce, its value increases.

Explanation:

Demand is the volume of a commodity or service that buyers are willing to purchase in the market at a given price. Supply refers to the quantity of service of a product that suppliers are willing to avail in the market for sale. The law of supply and demand illustrates the interactions between buyers and sellers.

As prices increase, sellers are willing the supply more, but buyers will want to buy fewer quantities. The opposite is also true. Products that provide a higher utility value will always attract high prices. If such products are scarce, their prices are bound to go even higher.

7 0
3 years ago
How will the aggressive e-commerce plan implemented by Walmart affect operations at its retail locations
Lisa [10]

Answer and Explanation:

As we know that Walmart has the biggest size as a strength. Even there is market saturation but still it opened various retail stores. having more than 10,000 stores in international market it seen that there is large amount of profits. Now after implementing the new e-commerce plan the Walmart leave the competition behind as it helped in covering the great amount of customers range due to this it would create a favorable response also it would be helped in online shopping. having e-commerce plan will give the benefit to generate more sales as compared to before

4 0
3 years ago
Given the following information, what is Macy’s market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per
Andrew [12]

Answer:

D) $21.6B

Explanation:

Market capitalization equals the total number of outstanding share multiplied by the sare price, therefore:

Market Capitalization = 360,000,000 shares x $60 price per share

                                    = $21,600,000,000

Thus, the total market capitalization is $21.6 billion

5 0
4 years ago
A bank is thinking about building a new branch. They think this new branch will generate 20 percent of the business of the bank
ivanzaharov [21]

Answer: 12.6%

Explanation:

The bank's expected standard deviation after adding this branch will be calculated thus:

= (Total invested in new branch × Expected rate of return) + (1 - Investment in new branch) × Other assets

= (0.2 × 0.15) + (1 - 0.2) × 0.12

= 0.03 + 0.8 × 0.12

= 0.03 + 0.096

= 0.126

= 12.6%

Therefore, the bank's expected standard deviation after adding this branch is 12.6%.

3 0
3 years ago
Incoterms determine the seller’s and buyer’s respective obligations concerning responsibilities and charges for the transportati
Sergeu [11.5K]

Answer:

True

Explanation:

Hi, the statement is true.

Incoterms (International Commercial Terms) are commercial terms, commonly used in international commercial transactions.

These terms determine the obligations, reponsabilities, costs and risks of  both parts involved in a comercial transaction (  buyer and seller) where goods are delivered.

Incoterms rules are accepted worldwide.

5 0
4 years ago
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