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3 years ago

Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good means that:

Business

1 answer:

ra1l [238]3 years ago

6 0

Answer:

A normal good is a good whose demand increases when income increases

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

For example, if when your income was $100,000 per annum, you had one car but when it increased to $500,000, you bought two more cars. Car is a normal good

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A generation ago, ketchup was an essential element of every American pantry and salsa was a relatively unknown product. The popu

s344n2d4d5 [400]

Answer:

Social

Explanation:

PESTLE analysis is a tool to identify those external factors which influences organization.

P: Political Factors influencing organization's performance.

E: Economical Factors creating hurdles in the way of the organizations.

S: Social Factors account for changed behavior of consumers towards organization.

T: Technological Factors playing it's role in influencing organizational performance.

L: Legal Factors accounting for legal barriers for the organizations.

E: Environmental Factors affecting companies but no one pays attention to it.

Salsa's increased popularity is represented by Social Factor: As belief is the most vital element which has effect on consumers decision making a company's growth or loss can be accounted for it. Not just belief the demographics and the attitude of people towards general issues can play their roles as well.

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3 years ago

Al Dente Pasta Company overstated its inventory by $10 million at the end of 2021. The discovery of this error during 2022, befo

MAXImum [283]

Answer:

Retained earnings would be debited and inventory would be credited for $10 million each.

Explanation:

In the given scenario Al Dente Pasta Company overstated its inventory by $10 million.

This is an overstatement of assets of the company.

This also gives an understatement of the retained earnings of the company.

Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.

7 0

3 years ago

Economists define potential income as the level of income that: Group of answer choices an economy is capable of producing witho

andrey2020 [161]

Answer:

an economy is capable of sustaining or producing without generating higher inflation.

Explanation:

In simple words, potential economy refers to that level of output or GDP that an economy can produce and sustain over along term with its given level of inflation and resources available.

Potential income has to be maintained over a long term and is based on the assumption that all of the resources available, whether human or natural, will be utilized as according to their maximum utility power.

6 0

3 years ago

Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences o

qwelly [4]

Answer: Option B

Explanation: In simple words, geographic departmentalization refers to the process under which an organisation separates its market operations on the basis of the geography such as country, state or district etc.

In the given case, company has separated its operations on the basis of different preferences of different countries.

Hence from the above we can conclude that the correct option is B .

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3 years ago

At the conclusion of a tort trial the jury finds the plaintiff about 30% responsible for the damages she suffered and the defend

KonstantinChe [14]

Answer:

The answer is: $70,000

Explanation:

70% of the total damages equals $70,000 (70% x $100,000)

Comparative negligence refers to a legal defense used by the defendant to reduce the amount of damages that a plaintiff can recover. This is based on what percentage of the plaintiff's damages could be attributed to the plaintiff's own negligence.

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3 years ago