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Leya [2.2K]
3 years ago
12

One appraisal principle of value is based on the concept that the more a property or its components are in harmony with the surr

ounding properties or components, the greater the contributory value. In other words, the more the properties are alike, the more they retain value. This is known as:
a.Substitution.
b.Regression and progression.
c.Conformity.
d.Competition.
Business
1 answer:
mario62 [17]3 years ago
7 0

Answer:

Conformity

Explanation:

Conformity is an appraisal principle which states that the accurate value of a property tends to be created and then prolonged in a situation where the various features of the property meets up with the different demands of the market.

The basic principle of conformity describes how a particular property is suitable to be located in its surrounding. This is the main reason why different houses are built in the same pattern as the other houses situated in the area. This therefore increases the value of the property.

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Answer:

1. AirEurope should produce if it wants to maximize its profit.

2.  False

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New payoffs after subsidy:

Aircraft/ AirEurope               Produce     Not Produce

Produce                                 -3 , <u>6</u>              75 , 0

Not Produce                          0 , 74              0 , 0

With a $9 million subsidy, regardless of whether Aircraft produces or not, AirEurope should<u> produce</u> if it wants to maximize its profit.

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One of the most crucial steps in the manufacturing process, production is fundamental to what it means to be a manufacturer.

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