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zheka24 [161]
2 years ago
5

Critical analysis Q8 Complete the following statement. An unexpected increase in the price level will temporarily output and emp

loyment, whereas an unexpected decrease in the price level will output and employment.
Business
1 answer:
tester [92]2 years ago
6 0

Answer: INCREASE; DECREASE

Explanation:An unexpected increase in the price of goods and services will cause a temporary output and employment,this is so because producers will respond to the rise in price by increasing the amount of goods and services supplied to the market,this will lead to a rise in employment.

An unexpected decrease in price level will lead to a decrease in the output by producers and employment will drop accordingly. This tries to show how price determines change in supply and employment.

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Anna35 [415]

Answer:

The correct answer is letter "A": Guide product development with customer feedback.

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Companies make market researches before starting the manufacturing of a product. However, even if a study has been conducted to have a clear idea of what consumers want, the initial product offered may not meet customers' needs for different reasons.

In such a case, <em>companies should take advantage of the feedback clients can provide about the product so those suggestions can be considered into the production process which will result in an output that matches better consumers' expectations.</em>

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3 years ago
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maw [93]

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3 years ago
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3 years ago
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Answer:

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kondaur [170]

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