Answer: C.
Intercoms are a very useful system for businesses because, it allows the customers to just drive up an order from the machine rather than having to get out of the car and going into the restaurant establishment itself.
Answer:
The correct answer to the following question is option C) government regulations can lead an increase in production cost .
Explanation:
The government regulations can easily shape the structure and conduct of a business in an industry and it certainly does have an impact on the business profits. Government regulations which can include the price regulation can decrease the profits of a business by causing the business to set high prices of the product, have an affect on demand and supply of the product,high production cost due to increase in prices of input etc.
Answer: This statement is FALSE
Explanation:
Price Ceiling is the maximum price fixed by government , usually less than equilibrium price to make necessity goods affordable to max people.
Producer Surplus is the difference between prevailing price & minimum price needed to induce producers to supply . Diagramaticaly / Graphicaly , it is the vertical difference between supply curve & price level
Implying Ceiling Imposition , the price gets reduced . Assuming unchanged Supply curve , the difference between price & supply curve reduces .
Hence , Producer Surplus falls
How does associative thinking help businesses consider ways to expand? <span>It is a required part of the creative process. Associative thinking is defined as the way our brains process information through relationships, patterns, modeling and unrelated elements. Thinking like this is part of the process when creating a new item or developing new advertisements for an organization. People use associative thinking everyday, they allow us to see beyond our current situations. </span>