In market economies, decisions are made by individuals whereas, in command economies, economic decisions are made by a central authority.
What is the Economy?The economy refers to the position of a country when sufficient production and consumption of goods and services by the manufacturers and customers. This reflects the sufficient flow of money.
Market economy refers to the economy when any business is owned by an individual. In this type of economy, all the directions are followed by business given by individuals only, excluding government involvement.
In a command economy, it is controlled by government officials, and all the decision-making is done by them. This central authority will control the allotment of raw materials as well as resources utilized in production.
Learn more about the economy, here:
brainly.com/question/2421251
#SPJ1
Theoretically high taxes slow the economy because
High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.
How do high taxes slow the economy?The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.
High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.
Find out more on Aggregate Demand at https://brainly.com/question/1490249.
#SPJ12
Which best explains why international trade agreements are beneficial for developing economies?.
A farmer shows up at a tractor dealership with $150,000 to buy a tractor priced at $148,875. The excess after buying the tractor will be used to pay for license, insurance and maintenance for the first few months. Since he is paying cash for the tractor he is able to negotiate 15% reduction off the sticker price. How much did he pay for the tractor
The amount that the farmer paid for the tractor, which is the net price after discounts, is $126,543.75.
What is the net price?The net price is the difference between the sticker price and the discount of 15% received off the sticker price.
Data and Calculations:Sticker price of tractor = $148,875
Discount reduction 15%
Amount paid = $126,543.75 ($148,875 x 1 - 0/15)
Thus, the farmer paid $126,543.75 for the tractor at the dealership.
Learn more about net price at https://brainly.com/question/17003148
#SPJ1
Which team dysfunction does safe help address with the help of business owners
The team dysfunction that is addressed by SAFe with the help of business owners is the lack of accountability.
What is the loss of accountability?
This can be defined as the scenario that occurs where people fail to take responsibilities for their lack of actions.
This may impede the growth of a team. Therefore it is very necessary that this is addressed to avoid issues.
Read more on accountability here:
https://brainly.com/question/980342
#SPJ12
Marketing documentation typically includes:
The marketing agreement is essential document for marketer to market a new product, it outlined work to be done in campaign.
Marketing requirements document define the product or service to market, the effort is done as per task assigned for promotion or brand new product.
Strategic plan outlines marketing campaign goals and milestones to achieve the goal with or without others involvements.
Content schedules is to obtain content to execute marketing strategy, this is special promotion or it is limited time offers.
What is Marketing?
The marketing is an action of promoting / selling of products or providing services.
#SPJ12
Learn more about Marketing https://brainly.com/question/27927105
1. describe a buying situation in which you were successfully cross-sold and a situation in which you were ""traded up.""
To Cross-sold means a sales tactic used to get a customer to spend more by purchasing a product that's related to what had been bought already. Read below about trade up.
What does it mean to be traded up?To be traded up means to have added a higher-priced, higher-quality version of a product to the range, generally to increase sales of the lower-priced model through consumer association of its image with the more prestigious model.
Therefore, the correct answer is as given above.
learn more about trading up: https://brainly.com/question/13760478
#SPJ11
Whatever strategic approach is adopted by a company to deliver value, it nearly always requires a. that management undertake formal planning sessions with functional departments to ensure productivity improvement. b. the identification of strengths and weaknesses within the company. c. matching corporate identity with the corporate culture in order to integrate effort and build sales momentum. d. performing value chain activities differently than rivals and building competitively valuable resources and capabilities that rivals cannot readily match. e. constant efforts to thwart entry of new rivals and their attempts to create differentiated products with unit costs above price premium.
The strategic approach adopted by a company to deliver value, it nearly always requires performing value chain activities differently than rivals and building competitively valuable resources and capabilities that rivals cannot readily match.
What is value chain?A value chain analysis is the process of knowing the main and support activities that add value to a product and seek ways to reduce costs or increase differentiation.
Hence, the strategic approach adopted by a company to deliver value, it nearly always requires performing value chain activities differently than rivals and building competitively valuable resources and capabilities that rivals cannot readily match.
Learn more about value chain here: https://brainly.com/question/1380316
#SPJ12
what is the best way to prevent underage alcohol sales
The best way to prevent underage alcohol sales is to:
Ask every guest who might be underage for a valid ID.What is Underage Drinking?Underage drinking occurs when a person who is below the legal age of drinking indulges in alcohol.
When young people who are below the legal age of drinking approach a store manager, the best thing to do will be to ask for their official means of identification. If this is below the recommended age then it will not be ideal to sell to them.
Learn more about underage drinking here:
https://brainly.com/question/1151204
#SPJ11
Some states limit the creation of ________ or don’t recognize them as legal business structures. you need to check with your state before attempting to create one.
Some states limit the creation of limited liability partnerships or don’t recognize them as legal business structures. you need to check with your state before attempting to create one. This is further explained below.
What are limited liability partnerships?Generally, In a limited liability partnership (LLP), each partner's financial exposure is capped at the amount of capital they've invested.
In conclusion, The formation of limited liability partnerships may be restricted in or perhaps not recognized as a valid corporate entity by certain states. Creating one without first checking with the state is illegal.
Read more about limited liability partnerships
https://brainly.com/question/9244934
#SPJ12
a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?
The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece
Why will the number of sandwiches and ice cream reduce?The number of sandwiches and ice cream will decrease this is because according law of demand at a higher price the quantity demanded for the goods is reduced. People tend to buy more commodity when the price is reduced.
Therefore, The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece
Learn more on commodity below,
https://brainly.com/question/17242780
#SPJ1
If the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece, income and substitution effects will take place.
What is income and substitution effects?Income effect is the change in the consumption pattern of consumers based on their income at a particular time.
Substitution effects is the change which occurs when consumers replace expensive goods with cheap goods as a result of changes in price and income.
Learn more about demand:
https://brainly.com/question/1245771
#SPJ11
A group of investors wants to open up a jewelry store in a new shopping center. The investors are trying to decide whether to stock the store with inexpensive jewelry, medium-priced jewelry, or expensive jewelry. The probability of their choice depends upon the economic conditions: prosperity or recession. How many decision alternatives are presented in this situation?
Based on the situation the group of investors face the number of alternatives described is 3 alternatives.
Which alternatives do the investors have?The investors have the choice of stocking either inexpensive jewelry, medium-priced pieces, or expensive jewelry.
These are three choices in total that they have to pick from in a mutually exclusive scenario.
Find out more on mutually exclusive scenarios at https://brainly.com/question/13920285.
#SPJ12
imagine that a new study reveals that onion consumption is correlated with cancer. this shift in popularity will likely cause the new demand curve to run through which of the following points?
If there is a study that shows that onion causes cancer it would cause the new demand curve to go lower on its points.
How is the demand for onion going to be affected.Given that it has been established that onion consumption leads to cancer. There would be a great reduction in the number of sales for onion.
People would want to stop consuming the product so that they would nit be affected by the disease.
Read more on consumption here:
https://brainly.com/question/24741444
#SPJ11
the saving component of financial planning focuses on long-term security and includes:
The saving component of financial planning focuses on long-term security and includes a regular savings plan for emergencies.
What is financial planning?Financial planning can be described as the process of evaluating a person's present income and future financial situation using currently available data to forecast future asset values, earnings, and withdrawal schedules.
Long-term financial planing serve as the foundation for the creation of short-term plans and budgets later in the financial planning process.
The saving portion of financial planning emphasizes long-term security and includes a consistent savings plan for emergency expenses.
Learn more about financial planning here: https://brainly.com/question/17586668.
#SPJ12
Which tool can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs?.
The tool that can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs is The CVP analysis. This is further explained below.
What is CVP analysis?Generally, Changes in both variable and fixed expenses may have a significant impact on a company's bottom line, and a cost-volume-profit (CVP) analysis can help you understand the relationship between the two.
In conclusion, The CVP analysis is a tool that may be used to quickly determine the change in profit brought on by a change in sales price, sales volume, variable costs, or fixed costs.
Read more about CVP analysis
https://brainly.com/question/26646381
#SPJ1
Jane Dunston is a general agent for JAX Industries, Inc. Jane is directed by JAX's CEO to purchase land in Idaho for the construction of a luggage factory. The announcement of JAX's move into Idaho would have a substantial impact on the economy generally and would result in price increases for real estate. JAX's CEO instructs Jane to not reveal that she is acting on behalf of JAX. Jane purchases a factory site for $1.2 million, signing her name on the contract. The seller of the factory
Because the market sector features a few large and dominant competitors, the Big Tech marketplace best illustrates a condition where conditions of ___________ prevail:
Because the market sector features a few large and dominant competitors, the Big Tech marketplace best illustrates a condition where conditions of "Oligopoly" prevail.
What is an Oligopoly?A market structure known as an oligopoly occurs when two or more companies hold a large amount of market power. They have the power to control supply and prices when acting as a group. When the top 4 companies dominate 50% of a market, it is generally referred to as an oligopoly.
Some key features of Oligopoly are-
Few firms with large market share Oligopolistic firms maintain their position in the market by a number of high barriers to entry.Interdependence - An oligopolistic business will make decisions depending on how they anticipate rivals will respond.Each firm has little market power on its own - each firm has little market power, because other firms are quick to take advantage.Higher prices than in perfect competition - due to their combined market dominance, oligopolies frequently maintain higher pricing in order to generate greater profits.More efficient - Oligopolistic businesses profit from high market shares. They also profit from economies of scale, which allows for cheaper production.Learn more about market economy, here brainly.com/question/25265598
#SPJ4
The failure to properly record an adjusting entry to accrue an expense will result in an:
The failure to properly record an adjusting entry to accrue an expense will result in an understatement of expenses and an understatement of liabilities. This is further explained below.
What are expenses?Generally, expenses are simply defined as what it would take or what it would cost to do anything.
In conclusion, Incorrectly recording an accrual adjustment entry will result in a misstatement of both costs and liabilities.
Read more about expenses
https://brainly.com/question/17136150
#SPJ12
an online store wants a database of customer information but it does not have the meta pixel installed. which campaign objective meets this business goal?
The campaign objective which meets this business goal is Lead Generation
What is Lead Generation?This refers to the process through which potential customers are identified and cultivated.
Hence, we can see that from the given scenario of the use of a database of customer information to identify their purchase decisions but has no metadata installed, this is lead generation.
Read more about Lead Generation here:
https://brainly.com/question/14972440
#SPJ12
The field of accounting that focuses on providing information for external decision makers is:.
The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.
What is Managerial Accounting?Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.
In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.
Read more about Managerial accounting
https://brainly.com/question/14570679
#SPJ1
If your job is to compare actual expenses incurred by your company with financial projections previously created, you are performing the task of Multiple Choice financial control. managerial control. the accounting cycle. financial ratio analysis.
Answer:
Financial Statement Analysis
Financial statement analysis reviews financial information found on financial statements to make informed decisions about the business. The income statement, statement of retained earnings, balance sheet, and statement of cash flows, among other financial information, can be analyzed. The information obtained from this analysis can benefit decision-making for internal and external stakeholders and can give a company valuable information on overall performance and specific areas for improvement. The analysis can help them with budgeting, deciding where to cut costs, how to increase revenues, and fu
company leaders expect advertising agencies to produce tangible outcomes with an increasing emphasis on ______.
Advertising is an important expense for the organizations, company leaders are now expecting to produce tangible outcomes of advertisement with an increased emphasis on accountability and measurable results.
Measurable results are important for the expenditure to analyze and to plan further expense to be more effective
What is an advertisement?An advertisement is an expense that is to inform consumers about the product and its benefits. The amount spent on advertisement is generally expensed out in the statement of profit or loss.
#SPJ12
Learn more about advertisement at https://brainly.com/question/27887672
Suppose the government grants a subsidy to the producers for every car produced. The change in the amount sold will be greater when:
there is a greater number of close substitutes available to the consumer
the price elasticity of demand is inelastic.
the price elasticity of demand for cars is greater
the amount of the subsidy is smaller
The change in the amount sold will be greater when the price elasticity of demand is greater than 1. (option 3).
What is price elasticity of demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is elastic when the coefficient of demand is greater than one. This means that for a small change in price, the quantity demanded would be greater.
To learn more about price elasticity of demand, please check: https://brainly.com/question/18850846
#SPJ1
This morning your manager asked you to complete a special task by this afternoon. While you are working on it, a customer asks you for help. If you stop to help them, you probably will not finish the task for your manager. What would you be MOST likely to do
When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit __________. a. primary first, followed by secondary and supplemental b. three separate claims c. one claim for all policies d. a separate claim for each policy
When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit: c. one claim for all policies.
What is insurance claim?An insurance claim can be defined as the way in which a policyholder request that the insurance company under which the policyholder is covered pay for the damage or damages the policyholder incurred.
In a situation where the same payer issues both primary and secondary polices they have to submit one claim for all the policies.
Therefore the correct option is C.
Learn more about insurance claim here:https://brainly.com/question/6793890
#SPJ1
A customer has a problem that needs to be fixed immediately. To properly fix the problem you need to gather some information from the customer, but the customer is angry and impatient. What would you be most likely to do
In the given situation to fix the problem of the customer, their can be an adequate discussion about the problem and also the solution can be found from the available data.
Even it requires to be extremely patient and kind to handle such kind of customer. Ensure the customer about the resolving of their problem as soon as possible.
Even letting them know about the company that how much they value their customers and also always in the position of satisfying their needs and requirements.
Then collect the required data for solving the query of the customers when needful.
Thus, the problem can be solved patiently.
Learn more about Customer, here:
https://brainly.com/question/13735743
#SPJ12
Most single-payment loans are secured by:
Most single-payment loans are secured by collateral.
What is Collateral?Collateral can be explained as money or property that is been used by the one who borrow of a loan as a guarantee that someone will repay.
This can be a personal assets especially for small business loans, hence, Most single-payment loans are secured by collateral.
Learn more about collateral at:https://brainly.com/question/14997152
#SPJ12
If the Fed wants to decrease interest rates, it should: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices recall bonds in open market operations. issue bonds in open market operations. buy bonds in open market operations. sell bonds in open market operations.
If the Fed wants to decrease interest rates, they should buy bonds in open market operations.
How can the Fed decrease rates?The Fed can engage in Open market operations where they buying bonds from the market.
This would increase the amount of cash in the economy. As this happens, interest rates would decrease because less people would demand loans as they would have cash.
Find out more on open market operations at https://brainly.com/question/14256204.
#SPJ12
which costs are affected by the level of output produced?
The costs that are affected by the level of output produced is:
Variable costsWhat are Variable Costs?Variable costs are the accrued costs that are dependent on the amount of productivity invested by the employees. The variable costs are not stable because they vary with the level of output at every point in time.
The opposite of variable cost is fixed cost. Raw material and delivery costs are some examples of variable costs.
Learn more about variable costs here:
https://brainly.com/question/13896920
#SPJ11
What does the information demonstrate about alex’s investments?
The information demonstrates about that Alex's investments would most likely would have benefited by diversifying.
What is a diversification?This refers to the act of adopting a growth strategy that involves entering into a new industry while also creating a new product for that new market.
Hence, based on the information given, it is deduced that Alex's investments would most likely would have benefited by diversifying.
Read more about diversification
brainly.com/question/417234
#SPJ12
country x has a budget deficit. which of the following changes in government budget outlays and tax revenues will result in a decrease in country x’s government budget deficit?
The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D. This condition means that the country's tax revenue is in excess of its spending by $200 Million.
What is a Budget Deficit?When there is a shortfall between the available funds or revenue required to service the budget, the country is said to be operating in a budget deficit situation. Note that outlay means spending.
Thus, it is correct to state that The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D
See the attached image.
Learn more about budget deficit at;
https://brainly.com/question/26010226
#SPJ11
