The universal functions of marketing are performed in the same way in all nations and economic systems. This is false.
<h3>How to illustrate the information?</h3>
A consumer economy is driven by marketing, which promotes goods and services and focuses on people who are most likely to make purchases. More sales for a company that uses effective marketing techniques lead to expansion, the creation of jobs, increased tax revenue for governments, and eventually, general economic growth.
The seven components of marketing include distribution, market analysis, price setting, financing, product management, advertising outlets, and product-to-consumer matching.
In this case, the universal functions of marketing are performed in the same way in all nations and economic systems. This is false. It should be noted that different economic system has its own role to play in the market. The economic systems are capitalist, socialism, and mixed economy.
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Answer:
Equilibrium quantity will increase but we cannot say for sure what will happen to equilibrium price.
Explanation:
Last statement is correct:
Whenever the supply and demand moves in the same direction that is if one increases other also increases or vice-versa.
Then, the quantity can be determined but the price cannot be determined.
As with decrease in the supply, the quantity supplied will be less, and since demand is also less, the quantity at equilibrium will also be less, and will be identified properly.
But as we discuss the price, it not only depends on the demand and supply, but would depend on consumer as well as producer behavior.
The consumer wants to buy at less price, but the producer will tend to sale it at a higher price, therefor, with this pressure which is inverse in nature, the degree or range of price can be identified but that the price cannot be determined, it might increase or decrease.
Answer:
<u>Riverbed Company</u>
<u>Income statement for the year July 31, 2022</u>
Service revenue 61,900
<u>Add Other Incomes</u>
Rent revenue 8,500
70,400
<u>Less Expenses</u>
Salaries and wages expense 52,000
Utilities expense 22,600
Depreciation expense 3,500 (78,100)
Net Income / Loss (7,700)
Explanation:
In the Income Statement, we record Revenues and Incomes only. This Statement is used to calculate the Profit earned during the Reporting Period.
Answer:
The correct answer is option b.
Explanation:
A steep demand curve implies that the demand is relatively inelastic. In other words, a significant change in price will cause a small change in the quantity demanded.
A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.
A change in price will not cause demand to change if the elasticity of demand is perfectly inelastic or when the demand curve is a vertical line.
A change in demand will be equal to the change in price if demand is unitary elastic.
A mobile phone is used by a user to perform communications-related tasks . It is used to transfer data between systems.
The most commonly used wireless communication protocol for cellular services. It employs packet switching technology, which divides data into packets for transmission before reassembling it at the other end. GSM is a digital cellular technology that provides mobile data and phone services on a wide range of devices. The Global System for Mobile Communication (GSM) is one of the 2nd telecommunications standards (2G). GSM is simply a wireless network that allows data to be transferred between mobile devices.
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