Answer:
False
Explanation:
This relates to quantity equation of money.
Let M = Quantity of Money.
V = Velocity
Nominal Value = P * Y
The relationship between the above is: M×V=P×Y .
Where Inflation, P is constant.
The constant velocity, V will reduce the inflation to 0 which will also require that the variables M and Y be proportionally related.
So, the money growth rate must equal the growth rate of real output
Answer:
service mena intangible or we can't take it with us or purchase it to take home
product is tangible it is something we can purchase at any time any place
Explanation:
for example service we can see in hotel a room service
for the product we can see Chocolate we can purchase it any where and take to other place but in contrast we can't take service
A interest rates is lower payments lower cost over all is lower based ion rate.<span />
The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.
<h3>What is meant by food service operations?</h3>
An establishment that serves meals designed to be served in individual quantities for a fee or a mandated donation is known as a food service operation. Restaurants, nursing homes, hospitals, prisons, coffee shops, and candy stores are a few examples of FSO.
Controlling food expenditures is essential for a successful restaurant, which is why food service management is so important. FSMs assist firms in remaining profitable by training staff on serving and preparation standards, maintaining a careful inventory of stock, and identifying various sources for the most affordable ingredients.
The earliest signs of the food service sector date around 3000 BC during the Sumerian era. The majority of the time, temples and palaces served food. They hired chefs, who prepared meals for the aristocracy and visitors.
The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.
To learn more about food service operations refer to:
brainly.com/question/26298316
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Answer:
A. Has a small number of rival firms, and each is large relative to the size of the market
Explanation:
Oligopoly: This is a market structure which comprises of small number of large firms that bhave all or most of the sales in an industry.
It refers to a market situation in which a few firms control the supply of goods. The firms are few in number but each firm is large enough to be able to control the total industry output.
Increase in a firms output will reduce the sales of competitor firms.
Features of Oligopoly
1. Firms are interdependence on each other
2. Entry is difficult.
3. Firms are price setters. They set prices to maximize Profit.
4.There is the existence of competitors.
5. Large amount of capital is required in oligopoly
6. There are few sellers