All categories

3 years ago

What are the three basic questions faced by every economy

Business

2 answers:

Likurg_2 [28]3 years ago

5 0

The three basic questions asked are:

1. What goods and services should be produced?

This is asked because the economy wants to produce what the consumers want or else the resources aren't being used efficiently since resources are scarce.

2. How should we produce them?

This is asked because the producers don't want to spend unnecessary time or money on production, so they must choose wisely what method of production is best for their company and consumers.

3. Who are the consumers?

This is asked because the producers want to make sure that they are targeting the right people with advertising or selling.

Hope this helped!

~Just a girl in love with Shawn Mendes

avanturin [10]3 years ago

3 0

Answer:

In economies they are 2.
First.

<h2>Presidential: 1)A manifesto to keep the citizens vote.</h2>

2) Situations to curb.

3.)Employment..

<h2>Business:</h2>

1) Sociable workers

Goods and services

Consumers or buyers.

You might be interested in

This principle suggests that a certain amount of money today has different buying power than the same amount of money in the fut

Taya2010 [7]

Answer:

Time value of money

Explanation:

This principle states that money is more valuable at the moment or present than same amount of money in the future due its potential for increase in profit. A person or an investor that wants to make a return or gain will prefer to have the money now than have the same amount of money in the future. This is due to the potential of the money to increase in terms of earning capacity.

7 0

3 years ago

At World Spice Market, Inc., the department manager uses a hand-held scanner to determine the quantity of each spice the store h

DiKsa [7]

Answer:

The correct answer is B. using technology to stay responsive to customer needs.

Explanation:

The use of technologies in companies is increasingly common in order to achieve an improvement in operation. This strategy allows having up-to-date information about any organizational area, as well as sales behavior in order to make investment decisions that allow the correct use of resources and the generation of profits. What is shown in the statement is that World Spice Market relies 100% on technology in order to determine the sales process, starting from the display case to the sale to the buyer.

6 0

3 years ago

All of the following are reasons to use an estimated method of costing inventory except: A. perpetual inventory records are not

morpeh [17]

Answer:

The answer is: B) purchase records are not maintained.

Explanation:

There are two methods for estimating inventory costs:

Gross Profit Method : uses the information from the income statement. If operating conditions remain similar, the proportion between total sales, profits and COGS should be similar (lets say profit is 30% and COGS is 70% of total sales). You can estimate your inventory costs by using the information on total sales.
Retail Method: It is used mostly by merchandising firms (retailers) that have consistent mark-ups. You have to determine the proportion between cost and retail price (lets say the COGS is 80% of the retail price). Then if you are given the retail inventory, you can determine the COGS using the proportion determined previously.

8 0

3 years ago

As you may know, Starbucks is in a battle with McDonald’s to capture the early morning coffee customer. Last month, our location

ankoles [38]

Answer:

1) B) I'll be sharing some special sales tips with you tomorrow that will make your job easier.

2) B) Your goal for this month is to sell 10% more lattes, and you will receive a reward if you reach it.

3) C) Two days off with pay

Explanation:

1) The E->P expectancy is related to the concept of investing effort into something that you know will lead to the desired performance. It is the part of the expectancy theory that is not related to rewards.

In this example. the goal (task) is to increase sales. The E->P expectancy is the probability that Ethan's efforts will result in the desired performance (increased sales). By giving sales tips to Ethan, he will get more self-esteem and know-how and believe that his effort will in fact result in the desired outcome.

Although this is an overlooked part of the expectancy theory sometimes, it is crucial. Despite the appeal of a particular reward, an employee may not get increased motivation if he/she thinks that the task itself cannot be completed.

2) The P->O expectancy is related to rewards, and it states that employees will get motivated if the desired performance will result in a reward. In this case, Emma's putting the goal (10% increased sales) in direct relation with a reward.

3) Since the Motivation Report states that Ethan is motivated by time off, two days off with pay is the most appealing reward for him. The money bonus is more appropriate for Jon, while a choice of work assignments is better for Blair.

6 0

2 years ago

Ayayai Corp. lends Martinez industries $48000 on August 1, 2022, accepting a 9-month, 6% interest note. If Ayayai Corp. accrued

amm1812

This is currently the right answer . Lolll

3 0

2 years ago