The advice is incorrect. Only differences in results based on the use of a sample rather than the complete population are explained by sampling error.
When the statistical characteristics of the a population are approximated from a subset, or sample, of that population, sampling errors are made in statistics. Statistics of the sample (commonly referred to as estimators), such as means and quartiles, usually diverge from those of the total population because the sample does not include all individuals of the population (known as parameters). The sampling error is defined as the discrepancy between the sample statistic and the population parameter. The average height of a thousand people drawn from a population of one million, for instance, is often not the same as the average height of the country's one million residents.
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Ou paid $25 for a concert ticket and received a consumer surplus of $10. you were willing to pay $________
You paid $25 for a concert ticket and received a consumer surplus of $10. you were willing to pay $ 35 .
What is Consumer Surplus ?
Consumer surplus is an economic measure of the gains that consumers receive as a result of market competition. When the price that consumers pay for a product or service is less than the price that they are willing to pay, this is referred to as a consumer surplus. It is a measure of the additional advantage that consumers gain as a result of paying less than they were willing to pay for something. Consumer surplus may be compared with producer surplus.
Consumer surplus and producer excess can be compared.When the price consumers pay for a product or service is less than the price they are willing to pay, this is referred to as a consumer surplus.The economic theory of marginal utility defines consumer surplus as the additional satisfaction a consumer obtains from purchasing one more unit of an item or service.Consumer surplus rises when the price of a good falls and declines when the price of a good rises.Economists visualize it as the triangular region under the demand curve between the market price and what customers are ready to pay.Total economic surplus = consumer surplus plus production surplus.To learn more about Consumer Surplus
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Maria is 32 years old and has wages of $15,000. in 2021, what is the maximum amount of 401(k) contribution, maria is allowed?
If Maria is 32 years old and has wages of $15,000. in 2021, the maximum amount of 401(k) contribution, maria is allowed is: $15,000.
What is 401(k) contribution?401(k) contribution can be defined as a contribution made by both an employer and employee into an employee retirement account.
The employer is expected to pay in a certain percentage of money into the employee account in which equally an amount will be deducted from am employee wages or salary which will be deposited into the employee account.
Therefore since maria is 32 years and earn wages of $15,000. In 2021 the maximum amount of 401(k) contribution, maria is allowed is:$15,000.
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What is a robot capable of making its own decisions and performing an action accordingly?
An autonomous machine that can sense its surroundings, conduct calculations to reach choices, and take actual physical action is referred to as a robot.
The robot population is diverse. Some people have two, four, six, or more legs, while others have the ability to fly. Some robots assist doctors as they perform surgery inside your body, while others toil in filthy industries. Robots as little as coins and as large as cars both exist. Pancake-making robots exist. Mars is accessible to others.
In reality, different people's interpretations of the word "robot" vary. Even roboticists disagree on what constitutes a robot and what does not. And for the majority of us, science fiction has had a big impact on what we think a robot will look like and be able to perform.
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Form letters:____.
a. should not be used because they are offensive to those receiving them.
b. should only be used internally.
c. are difficult to personalize.
d. can save a company time and money.
Form letters are d. can save a company time and money.
A sorting approach that orders entries primarily based on each person in a heading without regard for spaces or punctuation. The means of a letter must be associated with all of the phrases it appears in. that is a massive list but it's far finite. Letters have which means within the feel some appear greater often in a language than others. Pairs of letters additionally seem at differing frequencies.
The primary functions of letters had been to send information, news and greetings. For some, letters were a manner to exercise crucial analyzing, self-expressive writing, and polemical writing and additionally exchange thoughts with like-minded others. The letter A is derived from the Phoenician letter aleph—a western Semitic phrase regarding the aforementioned beast of burden. Aleph may be traced returned to the center Bronze Age and the Proto-Sinaitic script was discovered in components of Egypt and Canaan from around 1850 BCE (earlier than the commonplace era).
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grocers inc. is a grocery store that believes in and practices green marketing. grocers inc. wants to improve the environment. to do so, grocers inc. does all of the following except
Grocers inc. is a grocery keep that believes in and practices inexperienced advertising. grocers inc. wants to enhance the surroundings. to achieve this, grocers inc. does all of the following besides d. institute inexperienced advertising in a less than collaborative spirit.
Green advertising and marketing is the vending of environmentally pleasant products, offerings, and projects. more mainly, green advertising refers to a wide variety of environmentally satisfactory practices and techniques. some inexperienced advertising examples include growing merchandise.
Inexperienced marketing is the advertising and marketing and advertising of products which are presumed to be environmentally comfy. It includes a large variety of activities, along with product exchange, adjustments to the producing manner, sustainable packaging, further to improving advertising and marketing.
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Disclaimer:- your question is incomplete, please see below for the complete question.
a. use third-party eco logos
b. offer products made from recycled material
c. assure that animal raising practices are humane
d. institute green marketing in a less than the collaborative spirit
Buying an existing business _____. a. is beneficial because an established business always has a good reputation b. is not recommended because there are too many disadvantages c. allows the owner to build upon the goodwill of previous customers d. is a high risk because successful businesses are usually not sold please select the best answer from the choices provided a b c d
Buying an existing business allows the owner to build upon the goodwill of previous customers. A customer (also known as a client, buyer, or purchaser) is the recipient of an item, service, product, or idea gained from a seller, vendor, or supplier through a financial transaction or exchange for money or another valuable consideration.
Customers who return to a seller on a regular basis develop customs that enable the seller to develop statistical models to optimize production processes that change the nature or form of goods or services and supply chains that change the location or formalize the changes of ownership or entitlement transactions.
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Dave's opportunity cost of producing 1 pound of corn is ______ pound(s) of green beans. Simon's opportunity cost of producing 1 pound of corn is ______ pound(s) of green beans
The answer is 2 and 1.
In microeconomic theory, the opportunity cost of a particular activity is the value or benefit provided by engaging in that activity compared to engaging in an alternative activity. More simply, it means that if you choose one activity (for example, investing), you are giving up the opportunity to do a different option. Optimal activity is one that, net of its opportunity costs, provides returns greater than any other activity, net of its opportunity costs.
For example, if you buy a car and use it only to transport yourself, you cannot lease it, whereas if you rent it, you cannot use it to transport yourself. If the cost of transporting yourself without a car is more than what you get for renting a car, the best choice is to use a car yourself. In fundamental equation structure, opportunity cost can be described as: "Opportunity cost = (Earnings from the finest-forgone option) - (Earnings from the preferred option)." The opportunity cost of cutting their own lawn for a doctor or lawyer (who might otherwise earn $100 an hour if they choose to work overtime during that time) would be higher than a minimum wage worker (who might be in the United States earns $7.25 an hour), making the former more likely to hire someone else to mow their lawn.
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When the 50-day moving average crosses the 200-day moving average from ____ on ____ volume, this would be a ____ signal.
When the 50-day moving average line crosses the 200-day moving average line from below on good volume, this would be a Bullish signal.
What is a Bullish Signal?When the price breaks out through the top of a trading range represented by horizontal boundary lines across the highs and lows, this is referred to as an Upside Breakout or Bullish Signal.
This bullish pattern suggests that prices will rise explosively during the next few days or weeks as a powerful upswing emerges.
Being bullish is purchasing an underlying market (also known as going long) in order to benefit later by selling the market at a higher price.
Bullish divergences are essentially the inverse of bearish signals. Trading oscillators, despite their ease of use and general informative strength, are sometimes misunderstood in the trading sector, despite their tight association with momentum.
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catherine jones has determined the following information about her own financial situation. her checking account is worth $850 and her savings account is worth $1,200. she owns her own home that has a market value of $98,000. she has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. she has a car worth $12,500. she has recently purchased a mutual fund worth $4,500 and she has a retirement account worth $62,300. what is the value of her investment assets? a. $98,000 b. $2,050 c. $66,800 d. $27,800 e. $171,900
The value of her investments assets $171,900
What is investment asset?
Securities created to produce profits are known as investment assets in the financial markets. They are organized into groups known as asset classes, which can be further broken down into stocks, bonds, commodities, and currencies.
By mixing various investment assets in one portfolio, or a combination of investments held, an investor is reducing risk exposure because each asset class has a tendency to respond differently to the same piece of economic news.
Investment assets can be divided into groups based on specific features in addition to being grouped by general financial components. Examples of this would include equities that trade in related industries, such the energy sector.
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Which term best represents the relationship between the level of corruption and economic growth rate in a country?
Intellectual property represents the relationship between the level of corruption and economic growth rate in a country.
Intellectual property plays the following roles in the economy:
Forbidding competitors or anyone else from misusing the property without the creator's consent; granting exclusive rights to the invention; protecting the creator's interests; encouraging investment in research and information creation; and developing a market for the invention so that it can be put to good use and inspire other people to innovate and create.
The major disadvantage of Intellectual property is that it occasionally inhibits how best to use technology. Sometimes the person in charge of the rights abuses them. Intellectual property creates barrier for competitors to use the innovation and is against the spirit of competition which is to keep balance on price and quality of the product.
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Automakers can disassemble a product to assess its components and provide clues about the manufacturing process. this main benefit of this process of reverse engineering is to _______.
The main benefit of this process of reverse engineering is to bring about product innovations.
What is a reverse engineering?Basically, this refers to the act of dismantling an object to see how it works. The reverse engineering is done primarily to analyze and gain knowledge about the way something works but often is used to duplicate or enhance the object.
In essence, the engineering involves the process of discovering the technological principles of a device, object or system through analysis of its structure, function and operation.
In conclusion, the main benefit of this process of reverse engineering is to bring about product innovations.
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a consequence of an incentive contract for employees is that a. employees must incur additional risk b. there are no risk related consequences c. employee level risk is redu
A consequence of an incentive contract for employees is that employees must incur additional risk.
What is Incentive contract?
An incentive contract is a contract between two parties in which one agrees to give the other party additional compensation in exchange for exceptional performance. Based on the contractor's execution, performance, delivery on time or earlier, maintenance of quality, and safety in accordance with the contract terms and conditions, the owner is required to pay the contractor additional remuneration.
These benefits are in addition to the agreed amount that the executing party has offered. Such contracts are typically utilized in building projects when there are two parties—the contractor (performing party) and the client or buyer—and generally work in the contractor's favor.
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i now have $29,000 in the bank earning interest of 0.50% per month. i need $39,000 to make a down payment on a house. i can save an additional $100 per month. how long will it take me to accumulate the $39,000?
N = 149.816 Approx. 150
Which is approximately 12 year and 6 month Payments.
Solution:
I/Y=0.50(monthly interest of 0.50% without the percent sign)
PMT=$100(monthly savings, it is negative because it is a cash outflow for the individual making the savings)
Present Value (PV)=$29,000(current account balance is the present value)
Future Value (FV)=$39,000(the targeted future amount is the future value) CPT(press compute)
N = 149.816
Which is approximately 12 year and 6 month Payments
What is Future Value
Calculate the future value (FV) of an investment given the compounding period (N), interest rate/yield (I/Y), starting amount and term deposit/annuity payment (PMT) per period as inputs using the Future Value Calculator I can do it.
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if a bond is immunized against interest rate risk, a dollar decline in the bond's price, resulting from rising interest rates, will be approximately offset by a dollar increase in the a) bond issuer's common stock. b) income from coupons reinvested over the investment horizon. c) price of comparable bonds in the market. d) bond's call price.
If a bond is protected from interest rate risk, a dollar loss in the bond's price brought on by an increase in interest rates will roughly offset the dollar increase in the income from coupons reinvested over the investment horizon.
More about investment horizon:
Investment horizon is the word used to indicate the overall amount of time that an investor anticipates to keep a security or a portfolio.
The term "investment horizon" refers to the period of time during which a portfolio is expected to be held before being sold for a profit. A number of things might influence a person's investment horizon. However, the investor's risk tolerance is frequently the key deciding element.
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the demand for beats brand headphones is more price elastic than the demand for headphones overall. this can be best explained by the fact that
The elasticity is the change of an economic variable proportionately in response to a change in another variable. Price elasticity measures how individuals react to change in the prices of products and services.
Economic examine the distribution of resources between production, distribution, and consumption under the premise that people have limitless demands in a world with finite resources. Microeconomics studies the decisions made by people and firms, while macro economic studies the overall, aggregate behavior of the economy. Greek farmer and poet Hesiod, who lived in the eighth century B.C., is considered one of the earliest economists ever. Hesiod believed that in order to overcome scarcity, it was necessary to manage work, resources, and time effectively. The present Western contemporary economic ideas were born with the publication of Adam Smith's 1776 book, An Inquiry Into the Nature and Causes of the Wealth of Nations.
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6. microeconomics and macroeconomicsdetermine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.microeconomicsmacroeconomicsthe effect of government regulation on a monopolist's production decisionsthe effects of the internet on the pricing of used carsthe effects of government tax policy on long-term economic growth
The first scenario regarding the production decision is related to microeconomics, the second scenario regarding the pricing of used cars is related to microeconomics and the third scenario regarding long-term economic growth is macroeconomics.
What is the difference between microeconomics and macroeconomics?Economics at the level of an individual, a group, or a business is the subject of microeconomics. While macroeconomics is the study of a country's economy in its entirety. The focus of microeconomics is on problems that have an impact on both people and businesses. Issues that have an impact on countries and the global economy are the main topic of macroeconomics.
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you believe you will need to have saved $590,000 by the time you retire in 30 years in order to live comfortably. if the interest rate is 6% per year, how much must you save each year to meet your retirement goal?
Compound interest is when you receive interest on both your interest income and your savings. Let's imagine you invest $1,000 (your principal) and it earns 5% once a year in interest or profits (the compounding frequency)
Compound Interest: What Is It?The interest on a loan or deposit that is calculated based on both the initial principle and the cumulative interest from prior periods is known as compound interest (also known as compounding interest). Compound interest, sometimes known as "interest on interest," is said to have originally arisen in Italy in the 17th century. In comparison to simple interest, which is computed solely on the principal amount, it will hasten the growth of a fund more quickly.
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if the quantity demanded of sunglasses decreases by 2% when average incomes fall by 10%, then we know that sunglasses are
if the quantity demanded of sunglasses decreases by 2% when average incomes fall by 10%, then we know that sunglasses are a normal good.
What is a normal good?This is a good that we can say that the demand for its use would rise based on the fact that there is a rise in the income of the person that is consuming the good. That is the person would be able to get more of that good.
The decrease in income that is experienced by the people has caused them to buy less of sunglasses, in reverse when income increases, they would start to buy more again.
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If you think viewers are skipping over the commercials during TV shows, what strategy could you use to make it more difficult for them to ignore your product?(Select the best answer.)
•Create an infomercial.
•Use product placement.
•Run your commercial more than •once in a row.
•Increase the volume of your commercial.
The strategy which can be used to prevent ignorance of product is Use Product Placement.
The incorporation of a branded product in media, usually without explicit reference to the product, is known as product placement. Branded products are frequently featured in films, television shows, and video games. The strategy is classified as a sort of pull marketing, with the goal of increasing consumer knowledge of the brand and product while also strengthening demand. There have traditionally been three sorts of product placement: screen placement, script placement, and plot placement.
There's also the reality that product placements are really effective. According to studies, they raise product awareness and positive views among viewers. They can also increase the likelihood of consumers talking about the products and searching for them online. However, not all product placements are equally effective. Those that seem to have the most influence on viewers is those who achieve a fine balance between being noticeable and not being too overt.
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given a sales price of $300 per unit, variable cost of $180 per unit, and fixed costs of $150,000, the breakeven point in units is
Given a sales price of $300 per unit, variable cost of $180 per unit, and fixed costs of $150,000, The breakeven point in units is 1250 units.
How to find the breakeven point in units?
The formula to calculate the breakeven point is:
Fixed cost is divided by the difference of the sales price and the variable cost.
[tex]\frac{150,000}{300-180}=1,250[/tex]
The breakeven point is the point at which the total cost line intersects the total revenue line . It is the number of units a company must sell to generate a zero profit.
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which are the primary benefits of using a dedicated project management structure. multiple select question. simpler. cheaper. faster.
The most obvious benefit of a project structure is that it gives you more control over the team, but there are other benefits as well, such as the possibility of strong team identities. It is the structure that makes building a solid team culture the simplest.
What is project structure?The framework for completing the development endeavour is provided by the project structure. It offers principles and a flow that encompass the geography of the local development landscape, whilst being straightforward and at a high level.
Types of organizational structures for projects. Functional, matrix, and projectized organizational structures are the three different forms used in project management. Each project's structure framework is determined by the authority, duties, and tasks that each team member has inside the current organizational structure.
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The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the following, which represent the four components of the product/market expansion grid?.
Market penetration, market development, product development as well as diversification are the ones that represent the four components of the product/market expansion grid.
A market product grid is a technique used in commercial enterprises for the development of a growth strategy. It is also known as an Ansoff matrix or a product-market type expansion grid. A market product grid is created for new products to be analyzed in each potential relationship for markets that are thought of as existent but untapped.
Product Development, Diversification, Market Penetration, and Market Development are the four key strategies included in the Product Market Expansion Grid. In order to build a business, a market expansion plan is a type of strategic approach that involves expanding a company as much as feasible through existing channels. Making ensuring that all of the current markets are satisfied with the items is the strategy's main goal.
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The question was incomplete. Check below the full question
The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the following, which represent the four components of the product/market expansion grid?.
a. Market penetration, market development, product development,diversification
b. Global expansion, domestic expansion, customer expansion, product expansion
c. Domestic expansion, global expansion, diversification, product development
d. Product penetration, product expansion,diversification and global expansion.
e. Product growth, market growth, customer growth, profitable growth
The approval to open a new margin account is given by the? a customer b registered representative c general principal d margin department of the firm
The correct option is c. The approval to open a new margin account is given by general principal.
The Branch Office Manager or General Securities Principal must approve any new customer accounts (Series 24 license). The consent of a Registered Options Principal (Series 4 license) is required if the account will trade options. A Municipal Principal (licensed under Series 53) or a General Securities Principal may approve the account if it will only trade municipal securities (Series 24 license).
A "margin account" is a specific kind of brokerage account where your broker-dealer lends you money to buy securities (sometimes referred to as "margin securities") while using the account as security. You might be able to hold a cash account and a margin account simultaneously with some brokerage firms.
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consider the production possibilities curve for a country that can produce sweaters, apples (in bushels), or a combination of the two. the bowed outward shape of the production possibilities curve above indicates that (as we move from q to v), the opportunity cost of apples in terms of sweaters is and if you move from point r to point u the opportunity cost (or the slope of the production possibilities curve) is
The opportunity cost of apples in terms of sweaters is and if you move from point r to point u the opportunity cost (or the slope of the production possibilities curve) is increasing.
The manufacturing opportunities Curve is a version that captures shortage and the opportunity fees of picks when confronted with the possibility of manufacturing goods or offerings. points at the interior of the percent are inefficient, points on the percent are efficient, and points beyond the p.c are inconceivable.
The united states are running on its production opportunities frontier. it is miles a curve that shows diverse manufacturing opportunities with the help of given restrained resources and generation. it is also known as the manufacturing opportunity frontier and transformation curve. it's far a device that can assist to clear up the imperative monetary problems. advances in the era changes in assets, more training or training, and adjustments inside the labor pressure.
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Establishing strategies for achieving organizational goals is a part of the ________ function
Establishing strategies for achieving organizational goals is a part of the Planning function.
In management, planning entails determining what steps must be taken to achieve a goal, anticipating changes and obstacles, and determining how to best utilize human resources and opportunities to achieve the desired outcome.The process of considering the activities required to accomplish a particular objective is known as planning. The evolution of foresight, or the ability to plan ahead, is supposed to have been a driving force in human evolution.Planning can be considered as a problem-solving strategy. It offers a methodical approach to analyzing problems and finding short- and long-term solutions. It can also be considered as a decision-making process used to help guide future needs decisions.Thus this is the meaning of Planning.
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if both the supply of and the demand for a good increase simultaneously, and if demand grows relatively less than supply, then price will
if both the supply of and the demand for a good increase simultaneously, and if demand grows relatively less than supply, then price will decrease
Define supply and demand?
In order to explain how changes in the price of a resource, commodity, or product affect its supply and demand, the law of supply and demand combines two basic economic principles.
While demand declines as the price rises, supply grows. In contrast, when the price falls, supply becomes more limited and demand rises.
On a graph, curves representing the levels of supply and demand for different prices can be drawn. The point where these curves intersect denotes the equilibrium, or market-clearing price, at which supply and demand are equal. This point also symbolizes how prices are determined in the marketplace.
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The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, eatons customers tried to cut cost and lower their production. This in turn affected eatons sales negatively, which is an example for _______.
The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, Eaton's customers tried to cut costs and lower their production. This in turn affected eatons sales negatively, which is an example for solutions selling.
From peak to trough, US gross domestic product fell by 4.3 percent, making this the deepest economic crisis recession since warfare II. It absolutely was also the longest, lasting eighteen months.
The per centum quite doubled, from 5 percent to 10 percent. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic economic crisis subprime mortgages — led to the slump. The good Recession's legacy includes new financial regulations and an activist Fed.
Of 198 Countries, compared to the proportion change in GDP between 2007 and 2009, the foremost impacted countries are predominantly Eastern European and trade-dependent economic crisis advanced economies. One of the foremost visible aspects of the recession, job losses and unemployment are known to be related to increased stress, poorer health outcomes.
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The statement, "of course people will buy our product—each of its features offers better value than the competition," most closely reflects which consumer behavior concept?.
The statement, "of course people will buy our product—each of its features offers better value than the competition," most c reflects the economic -buyer theory consumer behavior concept.
The Economic Buyer is one who got the overall authority in the buying decision. he or she can be opposed to the opinion of other people, if the people say yes to it, he or she can say no and vice versa.Here the economic-buyer theory defines that a consumer decision is based on economic needs, which involved the best use of the consumer's money and time. They are the ones who are aware of all the facts and compare the choices logically with the intention of having the most amazing satisfaction from spending their money and time.
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The process and activities that people engage in to satisfy their needs and desires when searching for, purchasing, and using products and services are referred to as?
Market research is the process and activities that people engage in to satisfy their needs and desires when searching for, purchasing, and using products .
It is a necessary step that a consumer uses before making up their mind to purchase the particular product. They will do the research at every aspect ,compare and contrast the quantity that is coming in hand and the price they are paying for it.
The process and the activities combine and then according to the choice final product best suited is purchased. The desire to buy a product can also change the mind.
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During the recession phase of an economic cycle, all of the following occur except? a output falls b demand for goods and services falls c deflation can occur d employment levels increase
During the recession phase of an economic cycle, all of the following occur except D: employment levels increase.
The ordinary series of the economic cycle is a length of expansion, followed by way of financial top prosperity, accompanied by a decline in the economic hobby recession, followed by way of an economic recovery leading to similarly enlargement.
The economic cycle is the fluctuating kingdom of an economy from durations of monetary expansion and contraction. it's also measured with the Gross Domestic Product of a rustic or vicinity.
The economic cycle fluctuates between periods of enlargement and contraction. those modifications are caused by degrees of employment, productivity, and the whole call for and supply of the kingdom's goods and offerings.
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Disclaimer:- your question is incomplete, please see below for the complete question.
A: output falls
B: demand for goods and services falls
C: deflation can occur
D: employment levels increase