Answer:
income effect; higher price
Explanation:
Income effect is a change in demand for a good or service as a result of a change in a consumer's purchasing power resulting from a change in income or price.
If price increases, the purchasing power is reduced and as a result of the income effect, the demand for a good falls.
Income effect is one of the factors that explain a downward sloping demand curve. the other effect is the substitution effect
Answer:
c. He was a member of the French Parliament using satire to illustrate the foolishness of the arguments used by the proponents of trade restrictions.
Explanation:
Frédéric Bastiat was an economist, journalist and member of the French parliament in the wing of economic liberalism. Regarding his economic thinking, Bastiat had a strong inclination or liberalism and consumer protection against any kind of corporate authority. For him, the government was responsible for guaranteeing the lives of citizens, individual and commercial freedom and protection of property. Regarding commercial freedom, he presented himself against commercial restrictions, he thought this was a step backwards and satirized those who defended it, as you can see in the question above.
Hey there,
Your question states: <span>Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?
</span>1.5% of 845 is 12.675
So by round this above, your correct answer would be <span>12.68
Hope this helps</span>
Question:
If an organization tracks its strategy implementation, looks for problem areas, evaluates whether the problem areas indicate any weakness in the strategy, and makes any necessary changes, then it is using:
A) Organizational controls
B) Tactical controls
C) Behavioral controls
D) Strategic controls
Answer:
The correct option is D) Strategic controls
Explanation:
Strategic controls refer to the process which helps one to easily and immediately change direction where if proposed strategies do not create anticipated results.
For example, if a company X, decides to reduce prices to drive sales and increase market share albeit, at a cost to its bottom line, where there is no increase in sales, an effective strategic control process would be to quickly reverse the situation to the status quo before implementation and thereafter go back to the drawing table to check why demand is low.
Demand could be weak because, quality of products, or services, do not meet consumer expectations, it could be that there is a violation of one of the 'P' of marketing such as Positioning.
The head of strategy thus reviews and plans the next move to ensure that changes are effected.
Cheers!