Answer:
The money paid; overall sacrifice
Explanation:
Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.
Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.
Prices can be affected by demand or supply of goods.
If the demand for a product is higher than its supply, then price of the product will increase.
If the supply of a product is higher than its demand, then price of the product will fall.
Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.
Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.
Producers tend to maximize Profit by selling more quantity of goods at a higher price.
Price is the major determinant of how much to demand and how much to supply at a point in time.
Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.
<u>Full question:</u>
There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent of $1,000 per year. According to Maslow's hierarchy, most of the other 800 million Indian consumers are primarily addressing their __________ needs.
a. social
b. esteem
c. psychological
d. physiological
e. Personal
<u>Answer:</u>
According to Maslow's hierarchy, most of the other 800 million Indian consumers are primarily addressing their physiological needs.
<u>Explanation:</u>
Abraham Maslow's 'Hierarchy of Needs' offers a five-stage design of the impulses following human behavior. At the base of this hierarchy endure our primary, survival-ensuring necessities, which Maslow pointed to as our physiological needs. If certain needs are not convinced the human body cannot function optimally.
The primary physiological needs are fairly apparent—these cover the items that are essential to our survival. To progress over the other stages of the hierarchy, we necessity primary perform these primary needs.
Answer:
See below
Explanation:
Breakven even point is computed as
= Fixed costs / ( Sales price per unit - Variable costs per unit)
For basic lawn mower, Given that;
Fixed cost = $5,000,000
Sales price per unit = $150
Variable costs per unit = $50
BEP = $500,000 / ($150 - $50)
BEP = $500,000 / $100
BEP = 5,000 units
For Riding tractor, given that;
Fixed costs = $500,000
Sales price per unit = $1,500
Variable cost per unit = $500
BEP = $500,000 / ($1,500 - $500)
BEP = $500,000 / $1,000
BEP = 500 units
It therefore means that 5,000 units of basic Lawn mower must be sold to break even, while 500 units of riding tractor must be sold to break even.
Answer:contact the psychiatrist for initiation of commitment proceedings.
Explanation:
This proceeding may legally order a person to receive psychiatric treatment at the hospital because the person is seen to may be danger to themselves and suspected that they may commit harm against their own body.
Some people may refuse treatment because they don't feel like they need the treatment and believe there is nothing wrong with them hence an initiation of commitment proceeding may be crucial to give them the help that they actually need.
A person who says they wish to end it all may end up taking their own lives if they are not admitted to a psychitric treatment.
