Answer:
This illustrates the principle that;
c.people face trade-offs.
Explanation:
Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;
1. Trade-off
A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.
Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.
It is True that one reason for the growth of sponsorships has been the need for companies to break through the clutter of advertising.
<h3>What is the purpose of
sponsorships in a firm?</h3>
sponsorships is essential for the firm because it will help them to be able to sponsor their advertisement of their brand so as to bring more profit.
In this case, It is True that one reason for the growth of sponsorships has been the need for companies to break through the clutter of advertising.
Learn more about sponsorships on:
brainly.com/question/1047489
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That is really hard to answer what are u working on
Answer: When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth.
Explanation:
Edg.
