Answer:
Output will be lower
Explanation:
Supply shock is an economic event that occurs because of sudden changes in the supply of goods and services within an economy.
A negative supply shock will shift the SRAS to the left and it will increase the price of the good and decrease the quantity, the new equilibrium will be at lower output and higher inflation.
When the economy suffers a permanent negative supply shock, the supply may keep on increasing or decreasing rapidly.
If the central bank does not respond by changing the autonomous component of monetary policy, then the output will be lower.
This is because permanent supply shock will lead to higher prices which disrupts the production and hence the output falls.
OPTIONS:
(A) A time objection
(B) A price objection
(C) A need objection
(D) A product objection
(E) A source objection
Answer:
D.) A product objection
Explanation:
When trying to sell a product to a prospective customer, there are several concerns raised by the prospective customer as a reason why they seem not willing to purchase such product or service being proposed to them. These concerns that make prospective customers to make a purchase is what is referred to as objections in marketing.
There are several types of objections that can be raised, one of which is referred to as product objection.
Product objection has to do with any concern raised about the product which prospective customers give as reason why they are not willing to make a purchase. In the case described in the question above, the concern that Jonathan's prospects are raising is related to the nature of the product as they are not willing to make a purchase because the Juicer is too bulky and is not easy to clean. It is not a time, price, need, nor a source objection. It is a product objection.
Answer:
The correct answer to the following question is option b) Separation of functions.
Explanation:
In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.
Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.
1. Office supplies- Different materials
2. Frozen food- Different varieties
3. Hair products- Different types
4. Clothes- Different sizes
5. Bikes- Different styles
6. Electronics- Difference devices
