Answer:
For centuries the guideline for business transactions was the Latin term “caveat emptor” (let the buyer beware). This principle suggests that the seller is not responsible for the buyer’s welfare. In other words such principle gives the buyer the sole responsibility for checking the quality and suitability of the goods that he is buying from the seller before making a final purchase.
The use of short-term incentives to encourage the purchase or sale of a product or service is called sales promotion.
Sales promotion can be defined as the strategy of using annual incentives to attract customers so as to increase the sales of goods and services.
Most companies make use of sales promotion to increase their sales in order to generate more revenue as well as to promote their products.
Sales promotion is important as it enables companies to advertise their products or to create products awareness to customers.
Inconclusion the use of short-term incentives to encourage the purchase or sale of a product or service is called sales promotion.
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To effectively run her company, Machi applies the Systems viewpoint a management style the views her firm as an interdependent collection of departments.
<h3>What is Systems viewpoint management style?</h3>
Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected which gives them the view that they should work with the management to achieve the goal of the organization.
Therefore ,Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected .
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Answer:
Purchase of machinery
Explanation:
Once you have purchased for a machinery, you will earn the interst from the The profit the machine brings to you.
George Stigler is a known American economist and according to his theory the Consumer theory, he quoted that <span>“if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises.” This means that when consumers do not purchase a certain product even if their incomes increases, that is considered normal, but when the product increases in value, we can expect that these consumers will buy less of the product.</span>
