Answer:
c. Marketing concept
Explanation:
Marketing concept -
It is the strategy adopted by the organisation , in order to meet the demands of the consumers , tackle the competition , increase the profit margin and increase sale , is referred to as the marketing concept .
Hence , the marketing department of the organisation , tries to focus on the consumers , in order to beat the upcoming competition.
Hence , the given information of the question,
The correct option is c. Marketing concept .
Answer:
In that situation, the demand of the Milk tea will fall.
Explanation:
In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.
In the example above,
Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.
When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.
When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.
Answer:
D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP
Explanation:
Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.
From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.
Thinking summarizes the operating, financing and investing activities of an entity
Cyclical deficit is the downfall of the business cycle, this usually occurs when the economy is beneath potential income. The formula for this is, CD= tax rate x ( potential deficit - actual deficit). Therefore, the cyclical deficit is $200. I hope this helps.
