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bixtya [17]
3 years ago
7

What is customer in business​

Business
1 answer:
Snowcat [4.5K]3 years ago
4 0

Answer: The customer is the consumer of whatever service or product is being provided.

Explanation:

You might be interested in
The following statements accurately describe the difference between saving and investing EXCEPT…
vagabundo [1.1K]

Answer:

Saving can only be done in person. Investing can be done both in-person and online.

Explanation:

Saving refers to keeping some funds aside for use during emergencies. Individuals and institutions also save as a way of accumulating funds for a specific intention. Banks and other deposit-taking institutions offer saving services to pool funds and lend them for investment and consumption.

Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

8 0
4 years ago
Country X, a poor country, invents a revolutionary electronic product. The country markets this new product in other poor countr
Scorpion4ik [409]

Answer:

Free trade

Explanation:

Correct word for the given statement is free trade

The hypothesis competitive advantage recommends that exchange is a positive-sum game in which all nations that take part acknowledge monetary increases. In that capacity, this hypothesis gives a solid method of reasoning to empowering organized commerce.  

The approach doesn't limit imports or fares; it can likewise be comprehended as the free market thought applied to worldwide exchange.

8 0
3 years ago
Angelo was all set to start his new business. Although he did not have as much cash as he would have liked, he figured that once
Mrrafil [7]

Answer:

The answer is undercapitalization

Explanation:

It is evident that the business is undercapitalized. Undercapitalization is a situation when a company/firm does not have enough or the needed funds to run the business operations or pay his creditors.

Angelo is undercapitalized because her sales are not generating the needed cash flows coupled with her inadequate capital. So she needs to raise enough capital or develop new strategy to increase her sales.

4 0
3 years ago
Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod
sesenic [268]

Answer:

<u>$35</u>

<u>Explanation</u>:

Note the formula:

Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q

<u>Total Revenue for 2 units of output sold</u>

= 2 x $50 = $100

<u>Total Revenue for 3 units of output sold</u>

= 3 x $45 = $135

<u>The Marginal Revenue=</u>

Change in TR (135-100) / Change in quantity (3-2)

= $35/1

= <u>$35</u>

Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.

7 0
3 years ago
Compared to the other classifications of consumer products, shopping products are:_________
Dima020 [189]

Compared to the other classifications of consumer products, shopping products are: widely available. This is further explained below.

<h3>What are consumer products?</h3>

Generally, Examples of things that fall under the category of consumer goods include food, clothing, and jewelry. Because they must first undergo processing before they can be deemed consumer goods, fundamental or raw elements like copper are not included in this category.

In conclusion, When compared to the other categories of consumer goods, shopping items have the following characteristic: they are easily accessible.

Read more about consumer products

brainly.com/question/13776873

#SPJ1

8 0
2 years ago
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