1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A bear market is distinguished by ________.
kiruha [24]
<span>A bear market is distinguished by a declining stock market and decreasing investor confidence. A bear market is when security prices fall and the stock market starts to take a downward turn. The market tries to become self-sustaining so investors start to sell off their stocks and securities. </span>
8 0
3 years ago
Read 2 more answers
Ron is a sales representative for Staples. He works in a business-to-business environment trying to sell office supply products
grin007 [14]

Answer: C) ​Technical selling

Explanation:

Technical selling or technical sales is an act in which a sales person helps to address customer's needs by understanding what they needs which is a determinant of what product to buy.

Technical selling involves the sales personnel addressing the need of customers, explaining the type and features of the product they needs, network with them and make sure they are satisfied.

A technical sales person must have the ability for effective communication and have good interpersonal skills so as to maintain a good relationship with customers.

6 0
3 years ago
Three ounces of cinnamon cost $2.40. If there are 16 ounces in 1 pound, how much does cinnamon cost per pound?
egoroff_w [7]
<span>As the three ounces of cinnamon cost=
 $2.40,
so one ounce would cost 80 cents
 now
. multiply 80 scents by 16 that is total number
so 80*16
 so u will  get that cinnamon costs $12.80.
hope it helps</span>
4 0
4 years ago
Read 2 more answers
for the past twenty years, curtis purchased its jewelry-cleaning kit components from evans’ suppliers, a local company that rece
TEA [102]

As a new Curtis hire, the first step in looking for a supplier is to explore priorities within your own company and find out which Curtis stakeholders, such as manufacturing and marketing, need a supplier.

Every organizational action comes from planning, there needs to be analysis, gathering of relevant information, evaluation of alternatives and therefore decision-making.

Therefore, the choice of a new supplier must be based on the company's needs, and the one that offers the best opportunity cost, the best price, service and quality must be chosen.

Learn more here:

brainly.com/question/12140930

8 0
3 years ago
How do sales skimming schemes leave a victim organization's books in balance, - despite the theft of funds?
erastovalidia [21]
The money is skimmed before the transaction is processed. In a casino the casinos winning are moves to a count room during the movement money is removed before being counted.
3 0
3 years ago
Other questions:
  • The ways you act, think, and feel describe your _____.
    6·1 answer
  • Peterson Manufacturing and the local steelworkers' union are having a negotiation breakdown. Peterson's management is keeping em
    10·1 answer
  • Predetermined overhead rates in traditional costing are often based on
    14·1 answer
  • According to Carl Jung, what are the two main ways that people process information?
    8·1 answer
  • Given the following information pertaining to item AX143, determine the appropriate number of kanban cards that should be used t
    7·1 answer
  • The Keynesian analysis of
    8·1 answer
  • 5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses
    6·1 answer
  • he adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $ 11,000 Ac
    7·1 answer
  • The company's wacc is 10. 5%. what is the irr of the better project? (hint: the better project may or may not be the one with th
    7·1 answer
  • Pega if report is created in myco-hr-selfservice-work, what instances will the report return?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!