<span>During the introduction stage of a product's life cycle, typically consumers are learning about the product. The product has just been launched and advertisements are made grabbing (hopefully) their new customers attention. During this stage, customers are getting filled with knowledge about a new product or service and how it can benefit them. </span>
Answer: Greater the MPC
Explanation:
The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.
The formula for MPC is;
= Change in Consumption/Change in Income.
Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.
As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.
If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.
Answer:
to reduce the inequality in the distribution of wealth.
Explanation:
Socialism is an economic system where the means of production is held by the public. Production and distribution decisions are made by the public. This reduces the inequality in the distribution of wealth.
This contrasts with the capitalist economic system where means of production are privately held. Production and distribution decisions are made by the market forces, which leads to inefficiency. There's also class division in a capitalist system as there's inequality in the distribution of wealth.
The capitalist economic system create incentives to encourage entrepreneurs to create jobs and economic growth.
I hope my answer helps you.
Answer:
Confirmation bias
Explanation:
Confirmation bias occurs from the direct influence of desire on beliefs. When people would like a certain idea or concept to be true, they end up believing it to be true. They are motivated by wishful thinking. This error leads the individual to stop gathering information when the evidence gathered so far confirms the views or prejudices one would like to be true. Once we have formed a view, we embrace information that confirms that view while ignoring, or rejecting, information that casts doubt on it. Confirmation bias suggests that we don’t perceive circumstances objectively. A confirmation bias is a type of cognitive bias that involves favoring information that confirms your previously existing beliefs or biases.
For example, imagine that a person holds a belief that left-handed people are more creative than right-handed people. Whenever this person encounters a person that is both left-handed and creative, they place greater importance on this "evidence" that supports what they already believe. This individual might even seek "proof" that further backs up this belief while discounting examples that don't support the idea.
Answer:
An open office
Explanation:
There are not that many employees, therefore, means there is not a lot going on.
Definition:
A closed office offers relative privacy and quiet. An open office is where an entire floor, or certainly a large room, holds all of the firm's employees, separated only by desks,
with the workers generally sitting alongside one another. There are no internal walls in an open office, and consequently, no barriers.
