Answer:
as the price level fall, the value of money increased.
Explanation:
the impact of deflation on an economy is that its decreases the price level of goods and services but increases the value of currency.
this is seen by the illustration given:
In year 1, A basket cost $9 and $72 can buy 8baskets
In year 2, A basket cost $8 and $72 can buy 8baskets. though the price level as reduces but the value of $1 increases.
For example, Let say, I am buying baskets from Nigerian, provided the values of currency are not constant.
Given, N = naira
@ N1 = $9, = 8 basket is obtained
@N1.125 =$8, = 8 basket is also obtained (becaused value of currency as increased )
Answer: You can know if you have differentiated products if we have a quality that stands out from the other competitors.
For example: Our service time is less than the competition and we also give gifts to our buyers, things that the competition does not do.
The basis for differentiation is to look for that quality that the competition does not have and that adds value to what we are doing.
The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.
I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.
These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.
