These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
<h3>What is Market Economy?</h3>
Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
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<h2>the seller had the duty to deliver the goods to ralph's home</h2>
Explanation:
According to the question, the information provided are:
- Ralph is a customer who ordered furniture from "Good times furniture"
- Ralph agreed to receive goods from common carrier
- While transporting, the goods got damaged.
Considering the above information, whatever may be the mode of delivery and through whomever it might be, seller is the sole responsible person to deliver the product.
A Customer does not know about the mediators. He only needs the product and he has rights only to question the seller and not the mediator.
Answer:
False because finance is totally different from management and financial accounting. Finance degree holder can not apply for every as the finance degree holder knows better about financial management not about management accounting or financial accouting. The major fields which a finance degree holder can apply for are accountancy firms, investment and high street banks, insurance firms, management consultancies, etc.
Answer:
Difference between primary needs and secondary needs: Primary needs: The primary needs are the basic requirements according to biological demands like oxygen for breathing, water for overcoming thirst, food for living and shelter. The secondary needs are the needs that remain even after the primary needs are satisfied
Answer:
b.extract maximum profits from its investments.
Explanation:
A harvest strategy is when companies reduce the investment they have in a product that is in the end of its life cycle to be able to get the highest profits possible so the investors can get their money. According to this, the answer is that in a declining industry, a company may utilize a harvest strategy and extract maximum profits from its investments.
The other options are not right because in a harvest strategy companies decrease thir investment, they don't go to a new market and as they are trying to get the maximum profit possible, they are not interested in increasing the advertising expenditure.
