Answer:
c.inadequate enforcement of property rights.
Explanation:
A company that previously provided software moved out of marketing because too many potential consumers bought illegally produced copies of software alternatively of buying the product straight from the company. this instance works as a model of <u>inadequate enforcement of property rights</u>. Basically, property rights remain speculative socially-enforced constructs in commerce for ascertaining how a resource or business asset is utilized as well as occupied.
Setting goals and objectives provides the guidance and direction, Motivates and inspires the employees, Facilitates planning and also helps organizations evaluate and controls the performance.
Answer:
e. a and c
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This occurs because of the law of diminishing marginal utility.
The law of diminishing marginal utility states that the more of a commodity is consumed, the lower the utility derived from the consumption of the product.
It follows that Jorge and karissa would demand less of pencils and sweaters as their prices rise.
The demand curve is usually downward sloping to illustrate the law of demand.
Answer:
What to produce?
Explanation:
What to produce?
Due to the fact that resources are scarce, a producer has to decide what he wants to produce.
In the question above, the consumer has decided to produce consumer goods.
How to produce?
The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .
For whom to produce?
A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.
I hope my answer helps you
