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Alex Ar [27]
3 years ago
12

Certain economic principles are of considerable importance in the valuation of real estate. The principle that "no buyer will pa

y more for a product than the price he can pay for a reasonable duplicate" is known as the principle of:
Business
1 answer:
Svet_ta [14]3 years ago
5 0

Answer:

Substitution

Explanation:

Principle of subsitution states that no consumer should buy a product for a high price of he can get an alternative (duplicate) that is of a cheaper price.

Substitutes are alternatives that provide similar satisfaction to the customer.

When the price of one product goes up the customer has a choice of going for an alternative.

For example honey and sugar are substitutes. When the price of one goes down people will go for the cheaper alternative. This acts as a price control mechanism.

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Bragmore is a successful businessman who
Marysya12 [62]

Bragmore should lend his spare pair of goggles to his primary competitor Aprince and should play fair.

<u>Explanation:</u>

Winning is very important in a competition but more than winning what matters more is playing fair and playing hard to compete with your competitors where every one is given equal chances to show their strength and capabilities.

Even though not giving goggles to his primary competitor will increase the chance of Bragmore to win the race easily and he will win the cash prize but that would not be a fair fight. So he should fight giving equal opportunities to his competitor also and give his spare goggles to his competitor.

8 0
3 years ago
A company is interested in monitoring the average time it takes to serve its customers. An appropriate control chart would be:
gogolik [260]

Answer:

X-bar chart

Explanation:

In industrial statistics, the X-bar chart is a type of Shewhart control chart that is used to monitor the arithmetic means of successive samples of constant size, n. The X-bar chart shows how the mean or average changes over time .For example, one might take a sample of 5 shafts from production every hour, measure the diameter of each, and then plot, for each sample, the average of the five diameter values on the chart.  For the purposes of control limit calculation, the sample means are assumed to be normally distributed, an assumption justified by the Central Limit Theorem.

5 0
3 years ago
How do you finance hotel stays and what's the the growth schedule?​
alexgriva [62]

Answer:

I finance hotel stays through savings.

Explanation:

Every person has different sources of income. It is dependent on the person how he uses his income. If he saves some amount of money he can spend that money on the vacations. This is great source of getting relaxed and the person will feel refreshed again. The hotel stays can be funded through savings and other incomes.

3 0
3 years ago
Is it a good thing for my best friend and I to literally fight? like kick each other? we do it because we love each other. the o
Whitepunk [10]
Friends always fight it probably mean that you guys have a great friendship  hiding from him would be funny and it would be weird at the same time so hiding in a locker with snacks and a water is not going to last you but goood luuccckk.

3 0
3 years ago
Which of the following is the best example of a law
IceJOKER [234]
The best example of a law is D
5 0
2 years ago
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