Answer:
The correct option is: c) Marketing
Explanation:
Marketing is a component of business management that focuses on the customers. It refers to the use of various processes and activities to satisfy the needs of the customers.
Marketing includes advertising, defining the various features and benefits of the developed product, identifying the target market, attracting customers, delivering products and managing relationships with the customers.
The amount of sin tax that will be paid by all of the mentioned parties will depend per country. In fact, in the US, sin tax may even differ per state so the price of consumers and producers will already factor in the percentage of sin tax that they will pay. As to why it will most likely not reduce the consumption, this is because these vices are generally addictive and already serve as habits for some people. Because of this, people will most likely not decrease their consumption significantly since they continuously look for it. In fact, they will be willing to pay more to get it.
Answer:
Natural unemployment= 4.8%
Cyclical unemployment= 3.3%
Explanation:
Natural unemployment refers to the percentage of people that become unemployed because of natural movement of labor and not because of economic instability.
Natural unemployment= Frictional unemployment + Structural unemployment
Natural unemployment= 3.1 + 1.7
Natural unemployment= 4.8%
Cyclical unemployment is when people become unemployed because of downtime in business cycle. It occurs when there is a big drop in demand and companies are forced to lay workers off.
Cyclical unemployment= Unemployment rate - Natural unemployment
Cyclical unemployment= 8.1 - 4.8
Cyclical unemployment= 3.3%
Answer: Economies of scope
Explanation:
Economies of scope refers to the
proportionate saving that's gained when a company produces two or more goods, such that the cost of producing the goods is less than the cost incurred when each good is separately produced.
In such case, the average total cost of production will reduce as a result of the rise in the number of different goods that are produced.
Therefore, the concept that Microsoft use to argue that this breakup would increase total costs is Economies of scope
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