Answer:
an externality, market failure
Explanation:
The company in this case has a par production because the cost to the seller is the same as the benefit to the buyer. Now the company is dumping chemicals that are affecting people in the community that do not patronise them. The chemicals cause poisoning of wildlife and harms health of nearby residents.
This characterised an externality that is the dumping of chemicals affecting the residents in the community.
It is also a market failure because while the company is not making profit they are also harming the society where they operate.
Answer:
Warranty of fitness for particular purpose.
Explanation:
Under the principle of implied warranty, products must be fit for the particular use for which they are intended. What does one do with a drink other than drink it ? Therefore, there was no need for Wanda to inform Kelly about the purpose, as Kelly is aware of the purpose for which Wanda wants the product.
Hence, it is seller Kelly's duty to ensure that the goods are suitable for that purpose.In other words, there was an implied warranty that the drink was fit to be consumed.
Answer:
Reminder
Explanation:
Kevin needs to make a reminder presentation strategy to be more persuasive than technical in other to appeal to his customers buying emotions.
A reminder advertising intended to keep product or service availability in the forefront for existing customers, this could be inform of a brief message designed chiefly to keep a product in the mind of the consumer once the product is already familiar. Reminder advertising usually follows an extensive campaign, and therefore does not elaborate on the reasons to buy the product.
Answer:
Austin plans his inventory such that he can have as large a stock of raw materials, work-in-process (WIP), and finished goods as possible. Carter plans his inventory so that the optimum quantity of raw materials, WIP, and finished goods allow for the smooth movement of materials at each stage of production.
Explanation:
