Answer:
Yes
Explanation:
Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.
Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.
Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.
Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources
Answer:
a. $2,465.82
b. $3,539.68
c. Yes, we should
Explanation:
Annual cost to maintain old forklift is $5,000
Equivalent Annual Cost (EAC) of new forklift = (Asset price x discount rate)/(1-(1+discount rate)-n), in which n is the number of year for usage of this forklift?
If discount rate is 4% per year, the EAC of new forklift is $2,465.82
= ($20,000x4%)/(1-(1+4%)-10)
If discount rate is 12% per year, the EAC of new forklift is $3,539.68
= ($20,000x12%)/(1-(1+12%)-10)
We should replace because with such above discount rate, the old forklift is more costly than the new one
Answer: Tariffs and quotas
Explanation:
Tariffs and quotas are firms of trade protectionism that are used to control the amount of goods brought into a country. While quotas are taxes on imports, quotas are limitation on the number of goods imported.
Tariffs and quotas will affect economic growth because when there's limitation to the amount of imports, will affect the gross domestic product negatively.
Most of the countries have a similar proportion of men and women in the early stage of Entrepreneurship.
<h3><u>
What is Entrepreneurship?</u></h3>
- An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business.
- The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
- Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas.
- Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth. Failure in entrepreneurship leads in losses and diminished market presence for individuals engaged.
An economic growth engine are entrepreneurs. Entrepreneurs of both sexes can stimulate innovation, generate jobs, raise productivity, increase competitiveness, and increase wealth.
Therefore, Most of the countries have a similar proportion of men and women in the early stage of Entrepreneurship.
Know more about Entrepreneurship with the help of the given link:
brainly.com/question/2431287
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