Answer:
Cartels. Colluding. Price fixing.
Explanation:
- Cartels are formed when a group of organizations from the same industry combine and decide jointly to keep the prices at higher levels in order to prevent competition
- Colluding happens when organizations operate either unlawfully or secretly to gain advantage of the customer
- As the name suggests, price fixing is when competing organization make the products unavailable below a fixed price
All the above three are keeping the customers at a disadvantage, hence is illegal and concerning to the govt. the most
Answer: As consumers, we have to make decisions because our wants are <em><u>unlimited but our resources are limited</u></em>. Since you have two of the same choices, I am assuming there is a typo and this is the choice that should be there.
Explanation:
As a consumer, there is so much that can be bought but financially most people can't afford everything. When buying an item, it is up the consumer to determine if they can afford the item or go without it. Sometimes, we buy the item even though we can't afford it and then regret the purchase. To satisfy a persons wants, a budget must be in place to be able to save money to purchase items.
Answer:
Production= 13,000
Explanation:
Giving the following information:
Estimated inventory (units), June 1 18,500
Desired inventory (units), June 30 19,000
Expected sales volume (units):
Area X 3,000
Area Y 4,000
Area Z 5,500
Total= 12,500
To calculate the production for the period, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 12,500 + 19,000 - 18,500
Production= 13,000
