Question

Match each of economic concept with the scenarios that illustrates it.

Answer 1

Answer:

1: B - total cost of ownership

Explanation:

Total cost ownership makes it possible for the purchaser to be aware of the purchase price plus the operation costs, which helps to choose the lower total cost for the item.

Answer:

2: C - incorporation

Explanation:

Incorporation is a way some small business owners find beneficial for continuing operating by taking measures of having partners for their business.

Answer:

3: A - Consumer sovereignty

Explanation:

The consumers have power to influence production decisions, which affects the the companies' decisions of what to produce.

Answer 2

1 goes with B. She is taking into account the price. 2 goes with C. Sales of shares of shares are included in corporations. 3 goes with A. The wants and needs of consumers affect decisions.