Answer:
B it occurs where the market demand and supply curves intersect.
Explanation:
The equilibrium price is the current market price, as determined by the forces of demand and supply. It reflects the price at which buyers and sellers agree for a specified quantity of a product in a given time.
In a graph containing both the demand and supply curve, the equilibrium price is the two curves' intersection. At this price, there will be excess or short supply in the market.
Answer:
1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers
2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.
Processes in pull strategy:
1. Shipping
2. Order fulfilment
Processes in push strategy:
1. Stock replenishment
2. Production
Answer:
D. Increase; increase
Explanation:
Exchange rate is defined as the amount of one currency that can be exchanged for another currency at a particular time.
Demand and supply affects exchange rates of currencies.
Currencies that are in more demand tend to have higher exchange rates, while those with low demand will have low exchange rate.
In this instance an increase in preference for US goods will cause an increased demand for dollars. The dollar becomes stronger against the Peso.
It will take more pesos to purchase the dollar, so equillibrum exchange rate of peso to dollar will increase.
C. Provide objective evidence that a transaction has taken place.
Answer:
An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.
Explanation:
Three characteristic of an entrepreneur:
Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.
Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.
Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.
