An increase in the price of coffee beans can be expected to increase the demand for pie.
So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.
Several events could lead to such a change, an increase in population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.
Hence, this represents the Law of Demand.
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This is an example of <u>value co-creation.</u>
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What is value co-creation?
- Value co-creation is the joint creation of value by the company and the customers, allowing the customers to co-construct the service experience to suit their context.
- Subsequently, given that the co-creation of value not only affects the bilateral relationship between the consumer and the company, the definition has been transformed to incorporate the multiple agents involved in the process.
- Value co-creation describes the way actors behave, interact, interpret, experience, use, and evaluate propositions based on the social construction of which they are a part.
- The first studies on co-creation assimilated this concept to that of co-production, defined as the participation of the consumer in some of the phases of the development of new products, mainly applied in leading brands.
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1. The arguments that these people put forward was to exonerate the president by saying the situation was beyond his control.
<h3>The argument that Feingold put forward</h3>
He argued that there were many situations that occurred that were beyond the capacity of Roosevelt's administration. These were
- The determination to liquidate Jews by Berlin.
- The decision to rescue a minority in a foreign land that the US did not owe any responsibility.
<h3>The argument that Heuvel put forward</h3>
Heuvel sternly said that it was ironic to put any blames on Roosevelt because he was not the one that caused the holocaust.
According to him, no one had any backgrounds to fault him for what was being done by Hitler because he was not the cause.
2. What Michael meant was that it was not a common occurrence for the president to be silent on issues that are as pressing as this.
According to him, the president was a person that would speak up fast on serious world issues. He meant it was not in the character of the president to be late in issues of this sort.
3. Wyman called it the worst failure of his presidency because he refused to act for a long time during the extermination.
From what he said, the president only stepped in to save the Jews out of pressure.
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Answer:
A. 900
Explanation:
FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.
Basically, your FICO depends most on the amounts you owe and your payment history.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.
In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.
