An economy in which the who, what, and how questions are answered by a combination of government direction and cultural norms and individual buyers and sellers is _____?

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Answer 1

A traditional economy entails a system in which individual buyers and sellers, along with government direction or policies and cultural normative practices, answer the who, what, and how questions.

Traditional refers to a way of doing things that heavily relies on lifestyle, culture, norms, and traditions in order to separate the production and consumption of goods and services.

Like other forms of economy, traditional economy must attempt to address these three (3) crucial questions:

Who makes use of or consumes the products and services?What products and services ought to be created?How ought these products and services to be made?

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Related Questions

According to the integrated marketing communications approach, a company's marketing and promotional activities should ______.

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According to the integrated marketing communications approach, a company's marketing and promotional activities should project a strongly unified image to the marketplace.

What does integrated market means?

Integrated marketing is a procedure for conveying a brought together message across all the marketing channels your image utilizes.

It gives consistency any place clients decide to cooperate with an organization. Without an integrated marketing system, you risk conveying blended messages or imparting in a detached voice.

Having a familiarity with integrated marketing correspondences permits an organization to make a multi-pronged marketing effort that objectives more extensive crowds.

Therefore An expert's in integrated marketing correspondences shows understudies how to decide the right channels.

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When speaking of earnings per share (eps), which income statement line item is usually referred to?

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The monetary worth of an organization's earnings per outstanding share of common stock is known as earnings per share.

What is Earnings per share?

The monetary worth of an organization's earnings per outstanding share of common stock is known as earnings per share. It is a crucial indicator of organisational profitability and is frequently applied to stock pricing. The measurement of company value commonly used is earnings per share, or EPS. It can be characterized as the amount of earnings per outstanding share of the company's common stock.

By displaying the amount of money a firm produces for each share of its stock, EPS serves as a gauge of its profitability. When evaluating a stock, the most crucial indicator to evaluate is earnings per share (EPS). The following equation can be used to get a company's EPS: (Net Income - Dividends on Preferred Stock) Average Outstanding Shares.

The percentage of a company's profit that can be divided among one share of its common stock is called basic earnings per share. Businesses with straightforward capital structures that have simply issued common stock need just disclose this ratio to show how profitable they are.

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All of the following except ________ will help you write effective messages for mobile device users.

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All of the following, except including long paragraphs, will help you write effective messages for mobile users.

How to write effective messages for mobile devices?

It is essential to understand that mobile devices are no longer just the function of making phone calls to be multimedia devices where the user can entertain themselves, make purchases and communicate, in a more flexible and faster way.

Messages for mobile devices such as smartphones must be clear and objective, in line with the purpose of the large flow of information through which the devices are able to process.

Therefore, it is not ideal to include long paragraphs in messages developed for mobile devices, as they should be concise and to the point, making communication dynamic, fast and simple.

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Those services or goods that must be present for the guest to use the core product are called?

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Supporting products or Facilitating products are those services or goods that must be present for the guest to use the core product.

Supporting Products enhance the consumer experience and set the product apart from those of competitors.

Example:

These might be a business center or a fitness club for a hotel. This could be a popular sports arena or a sizable convention facility location.

Supporting products or Facilitating products are those services or goods that must be present for the guest to use the core product.

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For flow-through business entities with individual owners, how many times is flow-through entity income taxes, who pays the tax and what is the tax rate?

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The flow-through entities are taxed only once and at the tax rate of 37%.

A pass-through entity can also be referred to as a flow-through entity. This is a type of legal business entity that passes all its income on to the investors or owners of the business. These are common devices to be used to avoid double taxation. Under this system, the income is taxed only at the owner's individual tax rate.

Under a flow-through entity, the business pays no corporate taxes. Sole proprietors, partnerships, and Limited liability companies are mostly taxed by this method. The biggest disadvantage of a flow-through entity is that the owners can be taxed on the income that they did not receive. A corporation or a company cannot be a flow-through entity.

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Of the five steps to the strategic marketing planning process, which step usually comes in the middle of the process?

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Of the five steps to the strategic marketing planning process, which step usually comes in the middle of the process "identifying and assessing possibilities."

What is strategic marketing planning?

Strategic Market Planning is a continuous process by which a company develops marketing strategies and plans their implementation in a target market.

Some key features regarding the strategic marketing planning are-

The process, which takes into account the company's current position, aids in identifying and evaluating promotional opportunities. Comprehensive research is used to identify the target market.Marketing is a complex process that cannot usually be planned in a short period of time. Strategic market planning encompasses numerous parameters to plan based on the target market and takes a long-term and short-term view of the market. Strategic market planning can be used to achieve a variety of marketing goals such as increasing market share, launching new products, conducting market research, and so on.

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Josh collins plans to buy a house for $281,000. if that real estate is expected to increase in value by 8 percent each year, what will its approximate value be six years from now?

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Josh Collins plans to buy a house for $281,000. if that real estate is expected to increase in value by 8 percent each year, $250,740 will its approximate value be six years from now.

Real estate is defined because the land and any permanent structures, sort of a home, or improvements attached to the land, whether natural or man-made. property may be a style of belongings. Key Takeaways. property could be a term that refers to the physical land, structures, and resources attached thereto.

Holding includes the property of the important estate, but it expands its definition to incorporate a bundle of ownership and usage rights. Real estate examples are all around us within the sort of homes, offices, shopping centers, hospitals, farms, etc.

The raw land a particular distance from our city is assets, then is that the road that gets us there. Many folks love working and investing in it because, by nature, the asset Real estate is tangible. There are three main forms of property: vacant land, residential properties, and commercial properties.

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In which instance should a project manager use an iterative approach for a project?

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The problem the project is solving is not fully defined.

is the instance a  project manager should se an iterative approach for a project,

Who are project manager?

An expert who organizes, plans, and manages projects while adhering to constraints like budgets and timetables is known as a project manager. Project managers oversee the work of entire teams, establish the objectives of a project, consult with stakeholders, and see it through to completion.

The project manager is accountable for the success or failure of the project, regardless of whether they are managing a marketing campaign, building a structure, creating a computer system, or launching a new product.

Almost every industry has a demand for project managers. Let's examine what project managers do in more detail, the benefits of pursuing a career in project management, and how to get started.

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An office holder who commits misconduct in office by doing something he or she has no right to do is guilty of:________

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Malfeasance is when a office holder behaves improperly or commits misconduct by acting in a way that is against the law.

A just cause removal of an elected official by statute or recall election is frequently justified by official misconduct. Malfeasance in office is in contrast to "misfeasance in office," which is the performance of an official task without sufficient authority, and "nonfeasance in office," which is the failure to do so.

It is challenging to give a precise definition of official misconduct because numerous highly regarded secondary sources (such as books and comments) strive to identify its foundational elements based on documented occurrences.

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Economists assume that rational behavior is useful in explaining choices people make.

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Economists assume that rational behavior is useful in explaining choices people make Even though people may not behave rationally at the time.

What are Economists?

A professional and practitioner in the social science field of economics is called an economist. The person may also research, create, and use economic theories and concepts, as well as write about economic policy. The production and distribution of resources, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns.

therefore,

Economists assume that rational behavior is useful in explaining choices people make Even though people may not behave rationally at the time.

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A project manager's referent power is described as persuading others based upon giving them something.
true/ false

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False, Adopting clear ground rules that outline appropriate behaviour on the part of project team members can enhance collaboration, efficiency, and communication.

Who are the Potential customer?

A prospect is a common term used to describe a potential customer of a business.

It is a person who may be interested in the goods and services that the business provides but hasn't yet made a purchase. He therefore isn't a client. The term "potential customer" is extremely ambiguous; it could very well refer to someone who is familiar with the business and wants to purchase one of their products, or it could refer to someone who might be intrigued if they share a trait with the majority of the company's clients, such as practising the same profession.

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In the accounting equation, assets are equal to which two things? a. debits equity b. debits accounts c. liabilities equity d. liabilities accounts please select the best answer from the choices provided a b c d

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In an accounting equation Assets are equal to liabilities + equity.

What is Equity?

The value that can be attributed to a company's owners is known as equity in finance and accounting. The market value of equity is determined by a number of factors, including the current share price (if the company is publicly traded) or a value established by investors or valuation experts. The book value of equity is determined as the difference between assets and liabilities on the company's balance sheet. The balance is also known as the shareholders', owners', or stockholders' equity or net worth.

Typically, there are two types of equity value:

in booksMarket price

Equity is frequently expressed in the financial world as a market value, which can be significantly higher or lower than the book value. This difference arises from the fact that accounting statements are backward-looking (all results are from the past), whereas financial analysts forecast financial performance by looking forward to the future.

Thus, Option c) liabilities plus equity is the correct answer.

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Answer:

liabilities + equity.

Explanation:

The settlement date between the options clearing coporation and the clearing firm for otpions transactions is?

Answers

The settlement date between the Options Clearing Corporation and a clearing member is one business  from the trade date for options transactions.

What do you mean of trade?

Trade means  to the  exchange of goods or services between economic sectors. Though transactions are consensual, trade is generally recognize to profit  both parties. In finance, trading generally means  to the purchase and sale of securities or other assets.

How trade is important?

Trade is central to ending global poverty. Countries that are open to international trade tend to grow better, innovate, enhance productivity and provide higher income and more opportunities to their people. Open trade also provide lower-income households by providing consumers more affordable goods and services.

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Without wise management many leisure expressions will be lost due to the demise of leisure space and place resources.
a. true
b. false

Answers

Without wise management many leisure expressions will be lost due to the demise of leisure space and place resources. The statement is true.

The way that leisure is distributed in space varies. a pattern, concentration, and density. The spatial distribution, density, and concentration of leisure involvement Leisure as Place.

The individual is willing to forgo a significant amount of income for a small amount more leisure since leisure is relatively scarce, yet the curve is flat. Our sense of self is influenced by strong attachments to leisure destinations. A person's functional affiliation with a place is their place identity. In order to preserve the ecological integrity of tourist destinations, sustainable tourism makes an effort to limit visitor numbers.

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The most probable price which a property will bring in a competitive and open market under all conditions requisite to a fair sale is?

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The most probable charge which a property will carry in a aggressive and open market below all conditions requisite to a fair sale is fair market value.

What truthful market cost means?

Cartwright, 411 US 546, honest market fee (FMV) is described as “the price at which the property would exchange fingers between a inclined customer and a willing seller, neither being beneath any compulsion to purchase or to promote and both having realistic information of relevant facts." The FMV is used in many laws and regulations.

What is an instance of fair market value?

Example of Fair Market Value

Jane Dale desires to buy a house. She sees John's house for sale and affords him $675,000. The two negotiate the charge and agree on $700,000. Because it is the price John and Jane agree to, the truthful market cost of the residence is $700,000.

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What discusses how established companies can take advantage of disruptive technologies without hindering existing relationships with customers, partners, and stakeholders?

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The innovator's dilemma discusses how established companies can take advantage of disruptive technologies without hindering existing relationships with customers, partners, and stakeholders.

What is innovator's dilemma?

Clayton Christensen, a Harvard professor and entrepreneur, is best known for his 1997 book The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. It develops the idea of disruptive technologies, which he first used in the article Disruptive Technologies: Catching the Wave from 1995.

It describes how large incumbent companies lose market share by paying attention to their customers and offering products that seem to be of the highest value, whereas new companies that serve low-value customers with underdeveloped technology can improve that technology gradually until it is good enough to quickly take market share from established businesses.

To avoid being surprised and surpassed by upstart competitors, Christensen advises established organizations to create lean, agile departments that try to duplicate this phenomenon within.

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The four major promotional tools (advertising, personal selling, sales promotion, and public relations) are known collectively as the?

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The four major promotional tools (advertising, personal selling, sales promotion, and public relations) are collectively known as the promotional mix.

A promotional mix is regarded as a combination of marketing methods which includes, advertising, public relations, sales, and direct marketing in order to achieve a specific marketing goal. These are also known as promotional tools.

A promotion mix improves communication with clients. It is also regarded as a key method in order to deliver a relevant promotion message via the most suitable channel for each segment.

Hence, a promotion mix is a set of different marketing approaches which is developed by marketers.

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What is the board primarily looking at when investigating any prospective purchaser?

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When evaluating any potential buyer, the board focuses primarily on cash flow.

Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.

Ability to generate positive cash flows, or more specifically, potential to maximize long-term free cash flow, is ultimately what determines a company's ability to create value for shareholders . After deducting any funds used for capital expenditures, a company's free cash flow is the cash it generates from its regular business activities .

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Overuse of the priority flag by a business email sender can lead to a reputation as?

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Overuse of the priority flag by a business email sender can lead to a reputation as Demanding.

What is priority flag?
A storage object is opened in priority mode via the priority flag. An application often uses a snapshot copy when it opens an object since other apps may be utilising the item concurrently. However, when a storage object is opened in priority mode, the program has the exclusive authority to make changes to the object.

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The fundamental source of monopoly power is? a. barriers to entry. b. profit. c. increasing average total cost. d. a product without close substitutes.

Answers

Option{D} is the correct answer.

The fundamental source of monopoly power is a product without close substitutes. Other companies cannot enter the market since there are no suitable alternatives. This is what establishes the entrance barriers that define monopolies. Additionally, it can increase profits and lower average costs overall. However, a monopoly would never develop if there were no alternatives, which is why it is the primary source of its power.

Understanding a Monopoly

A company that enjoys monopoly status lacks replacements for its goods and faces little internal rivalry. Monopolies have the power to set prices and erect obstacles to entry for rival businesses.

Companies can become monopolies by vertically integrating their operations to control the entire supply chain from manufacturing to sales, or by acquiring rival businesses to become the only producer.

Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.

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Assume the plum corporation has two different issues of common stock. one issue carries voting rights, and the other issue does not. in this situation, plum is said to have issued?

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Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued classified stock.

A legal entity is a form of legal entity that is also a separate legal entity from its owner. All companies are companies, but not all companies are necessarily companies. The standard answer today is that the purpose of a corporation is to benefit its shareholders.

Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).

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A u.s. treasury bill is sold in the secondary market on thursday, march 14. it has a regular-way settlement of:__________

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A u.s. treasury bill is sold in the secondary market on thursday, march 14. it has a regular-way settlement of Friday, March 15.

What is treasury bill?

Federal Reserve Notes (T-bills) 1.3 T-bills, sometimes referred to as Treasury Bills, are short-term debt instruments offered by the Government of India. They are now offered in three tenors: 91, 182, and 364 days. Money market instruments include T-bills. Treasury bills are securities with no interest and no coupon payments.

Therefore,

A u.s. treasury bill is sold in the secondary market on thursday, march 14. it has a regular-way settlement of Friday, March 15.

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The elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in __________.

Answers

(.) Price

The ratio of the percentage change in quantity demanded to the percentage change in price is known as the elasticity of demand. Calculating the price elasticity of demand involves dividing the percentage change in quantity by the percentage change in price.

What is the elasticity of demand?

The degree to which the amount of a product is modified in demand in response to a change in any market component, such as price, income, etc., is known as demand elasticity. It keeps track of shifts in demand brought on by changes to other economic factors.

Elastic demand occurs when a change in price results in a sizable change in the amount demanded. Products with elastic demand include consumer durables. These are infrequent purchases that can be delayed if the price goes up, much like a washing machine or a car.

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What is the effective interest rate per quarter if the interest rate is ompounded monthly?

Answers

For instance, an effective interest rate of 6.17% is the same as a nominal interest rate of 6% compounded monthly. Every month, 6% compounded is credited as 6%/12 = 0.005.

How do you calculate effective interest compounded quarterly?

The calculations and formula are as follows: Effective annual interest rate = (nominal rate / number of compounding periods) - 1 + (number of compounding periods) - (number of compounding periods) - 1. This would be: 10.47% = (1 + 10% / 12)) 12 - 1 for investment A. It would be as follows for investment B: 10.36% = (1 + (10.1% / 2)) 2 - 1.

How do I calculate the effective interest rate?

A straightforward formula can be used to determine the effective interest rate: r = (1 + i/n)n - 1. This equation has three parts: the stated interest rate (I), the effective interest rate (R), and the number of compounding periods (N) per year.

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The net cash flows from operating, investing, and financing activities will equal?

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The net cash flows from operating, investing, and financing activities will equal Net income minus dividends for the year.

The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in business is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.A single figure, known as net income or net profit, designates a certain kind of profit. The well-known bottom line on a financial statement is net income. Sales revenue is multiplied by COGS, SG&A, depreciation and amortization, interest expenditure, taxes, and any other costs to arrive at net income.

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________ evolved because of broader and more diverse product lines, demand for specific customized solutions, and more competition.

Answers

strategic selling evolved because of broader and more diverse product lines, demand for specific customized solutions, and more competition.

What is strategic selling?

Strategic selling entails directing current sales activity toward the company's long-term performance goals. It also entails prioritising the buyer's issues when making a sale in order to build long-term relationships with the customer. The sales method is determined by the goods being offered as well as the consumer preferences. To effectively use strategic selling approaches, a company's personnel must maintain integrity while they highlight specific characteristics of a product and guarantee they follow through on promises made to the buyer. Strategic selling tactics are used in businesses to increase sales volume and develop long-term relationships with clients.

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You are working on a data set with customer names in the name column, in the form of first name and last name in all caps. what is the power of using flash fill to set up the data the way you prefer?

Answers

Create a new column, input the first name as you would like it to appear on the list, and then choose Flash Fill to automatically fill the column with data.

What is Flash Fill?
When it detects a pattern, Flash Fill fills your data for you automatically. Flash Fill, for instance, can be used to divide first and last names from a single column or to combine first and last names from two other columns.

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In vertical dyadic linkage theory, leaders mostly use position power to influence?

Answers

In vertical dyadic linkage theory, leaders mostly use position power to influence "out-group members."

What is vertical dyadic linkage theory?

The Leader-Member Exchange Theory (LMX), also known as the Vertical Dyad Linkage Theory, explains how leaders keep their place in groups and also how relationships develop with other team members that can help or hinder growth.

Some key features regarding the vertical dyadic linkage theory are-

The Vertical Dyad Linkage Model describes the dynamics of leaders' relationships with their group superiors, or members. It means that two types of bonds develop and divides them into two subgroups. The inner circle of the leader is the in-group. Its members are entrusted with greater levels of responsibility and impact over the leader's decision-making. The in-group has better access to resources as well. Individuals who have failed to gain the leader's favor make up the out-group. They have less say in the leader's decisions, as well as less responsibility and access to resources. Although the theory provides useful insights into the factors that influence relationships among leaders and subordinate members of the group, it falls short in a number of significant ways.

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Develop a research instrument that can be used to assess customers' buying behaviour for any product of your choice.​

Answers

The research instrument is part of marketplace studies wherein inclination, motivation, and purchase behavior of the centered clients are identified. client studies facilitate agencies or businesses to understand consumer psychology and create targeted purchasing behavior profiles.

A look at of consumer behavior will reveal what form of customers purchase computer systems, might they purchase for home and private use or for the workplace, what capabilities they look for, what gain they are trying to find which includes post-purchase providers, how a lot they may be inclined to pay, what number of they are probably to buy, are they ready

The maximum popular research instrument strategies for customer behavior may be divided into cognitive, behaviorist, and psychodynamic classes.

The most common quantitative study methods are consumer surveys and questionnaires. if you have questions that drill down into specifics approximately your business enterprise, your marketplace, or your target consumer population, search out quantitative studies.

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In economics, the demand for a good refers to the amount of the good that people:_______

Answers

In economics, the quantity of an item that consumers will purchase at various price points is referred to as the demand for the good.

Demand for anything or service means that people want to buy it and are willing and able to pay for it. Demand for a product is influenced by its price, the pricing of competing products, the consumer's income, as well as her preferences and tastes. We defined demand as the amount of something that a buyer is willing and able to acquire at each price. This implies that there are at least two more factors besides price that influence demand. A Veblen product is one for which demand rises in proportion to price. Veblen products are often of a high caliber, expertly produced, unique, and status symbol. The majority of Veblen customers are wealthy individuals who value utility over all other factors.

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In determining whether a process is in statistical control, the _____ should be analyzed first. PLEASE HELP ME. DUETODAY. NEED ANSWER ASAP!!!!!! What hurt carlos more than the mace or the night he spent in the juvenile detention center? A thermometer in Grand Forks, North Dakota, reads -4.5 F in January.The temperature on the same day in February has the same absolute valueas the temperature in January but is not the same temperature. What isthe temperature in February? 1 vMaking Inferences in Informational Texts: Mastery Testadapted from Lincoln the Greatby Wired W. McClayWhen standing before the Lincoln Memorial, we shouldremember the depth and breadth of Lincoln's unpopularityduring his entire time in office. Few great leaders have beenmore comprehensively disdained or loathed-orunderestimated. The low Southern view of him, of course, wasto be expected, but it was widely shared north of theMason-Oxon line. As David Donald put it, Lincoln's ownassociates thought him a simple Susan, a baboon, an aimlesspunster, a smutty joker he was in the view of the abolitionistWendell Phillips, a Thuckster in politics" and "a first-ratesecond-rate man"When he delivered the Gettysburg Addressone of the great speeches of human history, he was completelyshadowed by the two-hour-long speech of famed oratorEdward Everett that preceded his. There was little or noapplause for him as he concluded his two-minute speech andsat downa person who argues against the institution of slaverysalesman who uses aggressive, showy, devious methods topromote a product.Submit TestSelect the correct answer from the drop-down menu.What can the reader infer from Phillips' description that Lincoln was a first-rate second-rate man?From Phillips description, the reader can infer that Lincoln was The feeding mode that is most associated with a fermenter (e.g. goat, rabbit, catfish) is? Entrepreneurship involves risk-taking because it involves the possible loss of ____. During the exposition the author sets up A. the problem in the story B. Resolution C. Falling Action Exercise 1 Underline the correct term in each sentence.It should take less than (an, a) hour to complete this test. In what year did the era of the Chinese messenger begin? What are the characteristics of white and gray rami in the sympathetic nervous system? Maintaining the ______ environment (fluid surrounding the cells) is the role of homeostatic mechanisms HowManybattles were foughtbetween Mecca and Medina an essay explaining why we need to implement Social Niceties in our society. Exercise 2 Underline the adverb or adverbs in each sentence. The referee blew his whistle loudly. Factors other than those of interest that can potentially influence the results of a study are called:_________ PLEASE HELP ASAP I NEED A 100 ON THIS ASSIGNMENT! Name the four U.S. cultural regions (Northeast, South, Midwest, and West) in separate columns.Describe each region by focusing on facts and details that make each region different or unique.Name one cultural landmark for each U.S. region.Explain how the landmark is important to its cultural region.Save your travel guide in one file. Use the name "Travel_Guide_your name" for your file to turn in. Find the distance between the two points in simplest radical form (-4,-1) and (1,-9) PLEASE I NEED HELP AND DONT UNDERSTAND ITS DUE TODAY! PLEASE SHOW STEP BY STEP! thanks! ______ storage, which persists without electricity, is slower but not very expensive.