c. societal culture and norms
Explanation:
- The answer to the question can be understood from the following lines in the paragraph.
- "Europeans believe it is unethical to invade someone’s privacy. Americans are not nearly as protective of their right to privacy."
- The ethical factor illustrated by the example in the given paragraph is - Option c. societal culture and norms
The value created by firms in the form of goods and services are distributed among various economic entities that consume them such as private consumers, government etc. But a closed circular flow diagram does not depict the other external values created. For example, a private college is a firm that produces education or provides education as a service to individuals who pay for it. This has a positive externality on society since these students can later teach others in society. Also firms produce under certain conditions and surveillance.
Firms can gain a certain control over society by studying the elasticities of demand. Also, firms generate certain expectations regarding wages and other social benefits. On the other hand, firms are controlled by governmental policies such as minimum wage laws, pricing laws etc. Such policies bind the full potential output if the potential output is not in confluence with social goals or maximization of social welfare.
Learn more about economics here: brainly.com/question/2824360
#SPJ4
Answer:
gp
if
0 Oqhrcp
qudagcow
eyryAFfworaygra
woufgrq
ouwgrvr2ougfurff82d82gd81gsuyu1hus81gdup1rgcaupwr
vgsg
a7orfaw
r7ogs2
rgowafac
qo77gdqoqqr
fygqqr
oufgqycSITfdFIYf2rytf
cq2
rydceq2
oeyfgqr
Remainder option of the question:
A) commercializing the product
B) performing concept testing
C) conducting beta testing with customers
D) creating a marketing strategy for the product
E) performing business analysis
Answer:
Option C Conducting beta testing with customers
Explanation:
The reason is that the company will have to test whether the prototype further requires any amendment by considering the reviews of the customers which are most valuable for the company. This helps in designing of the product prototype that best suits the company to help grow its business and profits.
The right answer for the question above is: b. <span>debit to Supplies for $585.</span>