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3 years ago

Which are indicators that economists use to measure how an economy grows? Select all that apply.

Business

1 answer:

Nat2105 [25]3 years ago

5 0

Explanation:

economists measure its performance by studying the gross domestic product (GDP)

If GDP goes up, the economy is growing; if it goes down, the economy is contracting.

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THREE government regulations that guides the establishment and operation of a business.

algol [13]

Labor, privacy, and health

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3 years ago

If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 pe

inn [45]

The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>

<h3>What do you mean by elastic demand?</h3>

When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.

Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>

Learn more about elastic demand:

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2 years ago

Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potenti

Salsk061 [2.6K]

Answer:

The correct answer is option A ,first mover advantage.

Explanation:

First mover advantage is form of leading strategy where a firm is the first to identify the opportunities hidden in a particular industry or geography,thereby unlocking the potentials in order to improve its financial performance business-wide.

This is a form of diversification, as putting one's eggs in one basket is not a sustainable way to grow the business in the long-term.

Even though there are risks involved in been a first mover, the benefits sometimes outweigh the risks.

3 0

3 years ago

At Afterbadge, a chain of stores that sells computer accessories, all the marketing activities are planned at the company headqu

Anna11 [10]

Answer:

The correct answer is letter "B": Centralization of authority.

Explanation:

Centralization of authority takes place in companies where high-rank executives take most or all the decisions regarding the operations. Employees voice is not heard under this approach. Managers tend to implement this strategy when they pretend to minimize the percentage of mistakes incurred in the firm. The organization of the company tends to be bureaucratic.

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3 years ago

Match the various information flows to the smart TV purchase steps. Store to Manufacturer Buyer to Manufacturer Manufacturer to

Ray Of Light [21]

Answer:

Please refer the detail answer below

Explanation:

Store to Manufacturer ------ Request delivery schedule

Buyer to Manufacturer ------- Frequent, direct reorder

Manufacturer to Distribution Center and Buyer ------ Advanced shipping notice

Store to Distribution Center ----- Corporate inventory order

Customer to Store ----- Smart TV purchased

Store to Buyer ------ POS terminal sends data

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3 years ago