1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sertanlavr [38]
2 years ago
7

Why the exist an economy?

Business
1 answer:
MAVERICK [17]2 years ago
4 0

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

hope this helps

Explanation:

You might be interested in
Select the situation that will occur when a shortage of bread exists, and consumers pressure producers to change their actions.
love history [14]
The answer is : Producers respond by supplying more bread

When shortage of breads increases, the demand of the product will jump through the roof, which will also increase its price

To gain the maximum profit, the producers will respond by supplying more bread until the shortage is eliminated
7 0
3 years ago
When Carolina is in the grocery store buying milk for her children, she picks up a tube of toothpaste at the same time. The toot
yKpoI14uk [10]

A relatively inexpensive item that merits little shopping effort, is called Convenience product.

<h3>What is the Product?</h3><h3></h3>

Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.

Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.

In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.

Learn more about Convenience product here:

brainly.com/question/7184191

#SPJ1

7 0
1 year ago
The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market isa. the five f
Alexxx [7]

Answer:

The correct answer is letter "A": the five forces framework.

Explanation:

Porter's Five (5) Forces is an analysis scheme created by American economist Michael E. Porter (<em>born in 1947</em>). The ultimate goal of this analysis is to help managers set their expectations of profitability because as competition increases, profitability decreases. Three of the five forces relate to those involved in the industry. The other two apply to the suppliers, the vertical participants, and consumers.

4 0
3 years ago
On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th
erastovalidia [21]
<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
4 0
3 years ago
Hershey has traditionally made its Kisses from solid milk chocolate. When Hershey came out with Kisses with almonds in them, thi
Anvisha [2.4K]

Answer:

Continuous Innovation.

Explanation:

This is simply known go be continuous improvement which explained as development to produce a positive result over time.

It is an iterative process of incorporating both modest, incremental and radical revolutionary improvements in processes, product designs, services and technologies.

Continuous innovation seeks not to just fulfill expectations but also create products and services that provide only imagined functions or even entirely unexpected revolutionary changes.

7 0
3 years ago
Other questions:
  • At December 31, 2018, before any year-end adjustments, Concord Company's Insurance Expense account had a balance of $2570 and it
    13·1 answer
  • Exercise 18-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $31
    5·1 answer
  • The Janissaries were___________.A)slave women who lived in the sultan's harem.B)Christian boys taken from conquered territories
    7·2 answers
  • Researchers in the National park Service conducted a survey to to estimate what the national parks are worth to Americans. The s
    5·1 answer
  • Which of the following is the most likely strategy for a U.S. firm that will be receiving Swiss francs in the future and desires
    5·1 answer
  • Flounder Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busines
    5·1 answer
  • Identify the term that refers to agreements made between researchers and subjects, through the consent process, and how research
    8·1 answer
  • Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance
    7·2 answers
  • During Year 1, Hardy Merchandising Company purchased $20,000 of inventory on account. Hardy sold inventory on account that cost
    7·1 answer
  • 4. Which of the following is true of social capital?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!