Answer:
C)There is increased time and effort spent looking for trading partners.
D)There is a lack of standardization.
E)There is difficulty in accumulating wealth.
Explanation:
barter in a trade can be regarded as a system of exchange that involves exchange of goods and services for another without using money as a medium of exchange. Barter is been considered as 'inefficient' as a result of the needs for 'double coincidence of wants'. For instance in a situation whereby someone is buying particular amount of another's goods, but the payment he/she has is for just one indivisible unit of another good, and the worth is higher than what he/she want to obtain, in this case there won't be barter transaction.
It should be noted that the costs and sources of inefficiency in a barter are;
✓There is increased time and effort spent looking for trading partners.
✓There is a lack of standardization.
✓There is difficulty in accumulating
The correct answer is true. It is because if the contract
term is likely ambiguous, the court will likely consider this as an extrinsic
evidence or that the ambiguity is likely to be interpreted against the party
who is responsible for drafting the term.
Answer:
D) Abundon
Explanation:
Based on the scenario being described within the question it can be said that the marketing intermediary in this chain is Abundon. This is because Abundon is acting the company that is connecting the manufacturer's (SoftStar and BlueHill) product to the customer, therefore acting as the go-between both of them. This is known as the middle-man or intermediary.
They should understand when they need professional advice, they need to get it. Let the small business owner hire a tax accountant, lawyer, and subscribe to a debt collection service. (<span>Kevin k)</span>
Explanation:
Perfect competition - A perfectly competition firm is one that is marked by a huge number of seller / producers as well as a large number of buyers . These firms produce large amounts of homogeneovs products that are sold at a price decided in the market by market force .
