Answer:
There are 4 conditions that make a market to be perfectly competitive:
- There must be a large number of buyers and sellers, and each one must be relatively small.
- All the sellers produce identical products or services.
- There are no barriers for entry or exit.
- All the buyers and sellers are price takers, no one can set the price at their own will.
Answer:
.d amount by which consumption increases when disposable income increases by $1.
Explanation:
The marginal propensity to consume is measured by measuring what proportion of a $1 increase in income is spend on consumption, so if the marginal propensity to consume is 0.85 it means that when income increases by $1 consumption will increase by $0.85 as (0.85*1)= 0.85
Answer: According to the guidelines of goal-setting theory, the following goals is most likely to stimulate performance:
1. Obtain sales levels, 15 percent over last year
2. Develop a cure for AIDS
Explanation:
Goal setting mostly inclines towards the process of an action plan fashioned to motivate and lead a person toward a objectives.
Goal setting is one of the key component of personal-development and theory in management.
The theory states that the unsophisticated most direct motivational cerebration of why some people perform better is because they have different performance objectives. Difficult specific goals will lead to higher performance than easy objectives or no objectives or even the setting of an abstract goal.
It’s A for sure just really got to add the puzzles together
Answer:
B. Target market customers are essential factors for selecting business locations.
