at the consumer optimum, a consumer choose one: a. maximizes total utility. b. minimizes total utility. c. minimizes the amount spent on each good. d. maximizes the amount spent on each good.
Answers
At the consumer optimum, the consumer chooses to maximize their total utility. Total utility refers to the satisfaction or happiness a consumer derives from consuming a certain amount of goods or services.
At the consumer optimum, the consumer has allocated their budget in a way that maximizes their overall satisfaction.
To achieve the consumer optimum, the consumer needs to balance the marginal utility of each good with its price. The marginal utility refers to the additional satisfaction a consumer derives from consuming an extra unit of a good. As the consumer purchases more units of a good, the marginal utility decreases. On the other hand, the price of each good determines how much the consumer is willing and able to purchase.
Therefore, the consumer will choose to purchase the combination of goods that maximizes their total utility by allocating their budget to those goods with the highest marginal utility and the lowest price. In summary, at the consumer optimum, the consumer will maximize their total utility by selecting a combination of goods that provides them with the highest satisfaction for their budget.
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Related Questions
Supporters of free trade argue that it creates which economic benefit?
O A. Helping the environment by reducing emissions from shipping
B. Helping consumers by lowering the cost of goods and services
C. Protecting workers by enforcing international labor regulations
D. Promoting independence by reducing reliance on foreign goods
Answers
Answer:
B. Helping consumers by lowering the cost of goods and services
Explanation:
In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.
Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.
Answer:
B. Helping consumers by lowering the cost of goods and services
Explanation:
just got it right!
Question - How can you support this statement "The most common
form of private transportation is through private road fleets"
Answers
Several criteria can be taken into account to support the claim that private road fleets are the most prevalent mode of private transport.
Private road fleets, which are defined as automobiles owned and operated by private organisations or people, are common and extensively used for transportation in many nations. First off, private road fleets include a variety of automobiles, including cars, trucks, vans, and motorcycles, to meet the various transportation requirements of people and organisations. These fleets are frequently utilised for logistics operations, product distribution, and personal travel. Second, private road fleets provide convenience and flexibility, enabling people and organisations to choose their own travel times, routes, and destinations. This independence is especially useful in places with few or erratic public transport options.
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When is it appropriate to use a nontraditional résumé?
Answers
Answer: Nontraditional resumes are ideal for job seekers in particularly creative industries, such as marketing and design. More specifically, online resumes are helpful for applicants who want to post films, sound clips, photographs, or other pieces of work related to their industry.
Explanation:
What is a major goal of ecotourism
Answers
Answer:
One of the main goals of ecotourism is to increase the awareness tourists have about the social conditions surrounding a travel destination. Such conditions as poverty are often hidden from tourists. Ecotourism aims to expose tourists to the realities of social and economic climates in an area.
Hope this helped! Good luck!! :)
Explanation:
Answer:
a major goal is to create experiences that benefit everyone equally, not just the tourist and stakeholders.
Suppose that the following group of values has been entered into the TVM
Solver of a graphing calculator: N=300; 1%-9.7; PV=125000; PMT=-
1109.5491; FV=0; P/Y=12; C/Y=12; PMT:END. Which of the following uses of
the "bal(" function will give the balance on the loan in question after 9 years?
A. bal(108)
B. bal(192)
C. bal(9)
D. bal(16)
Answers
The bal() function that is going to balance the loan after a period of 9 years would be A. bal(108)
How to solve for the bal() functionThe question tells us that the loan balance would be calculated after the period of 9 years.
We have 12 months yearly in all of these 9 years.
Hence the function would be bal(12*9)
= bal(108)
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Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a license fee of $60.00. The lease carried a stipulation charging $0.12 per mile for all miles over 60,000. Alejandro drove the Jeep 73,524 miles. What is the total cost of leasing the vehicle?
Answers
Answer:
$14,267.88
Explanation:
The total cost of hiring the Jeep will consist of
1). Monthly costs of leasing: $209 x 60 = $12,540
2). Title fee =$45.00
3). License fee =$60.00
4). Stipulation charging : ( 73,524 - 60,000) x $0.12
=$13,524 x $0.12
=$1,622.88
Total cost =$12,540 +$45.00 +$60.00 +$1,622.88
Total cost = $14,267.88
is it right for the government to impose price controls? why?
Answers
Answer:
no because price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods. ... Over the long term, price controls can lead to problems such as shortages, rationing, inferior product quality, and black markets.
6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answers
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Content marketing is intended to attract potential buyers by building a strong brand reputation through online content, including:
Answers
It is true that Content marketing aims to attract potential buyers through building of strong brand reputation through online content.
Content marketing refers to a marketing strategy which aims to attract and engage the audience (prospective buyers) through creation of relevant articles, videos, media etc.
The approach of Content marketing does promotes brand awareness and ensures that the business stays top of mind of the audience.Hence, it is true that Content marketing aims to attract potential buyers through building of strong brand reputation through online content.
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1. Which of the following is an essential element of responsible behavior:
Group of answer choices
a Compassion
b Hopefulness
c Decisiveness
d Positivity
2 Why can fairness be a tricky concept?
Group of answer choices
a It doesn’t always mean getting your own way.
b Most people don’t want to be fair.
c Nothing is ever truly fair.
d It means something different in every culture.
3 Part of accountability is
Group of answer choices
a being fair.
b treating others kindly even if they are different from you.
c making judgments based on fact rather than opinion.
d doing what you say you will do.
4 Displaying personal responsibility requires someone to have strong
Group of answer choices
a ethics.
b friendships.
c writing skills.
d professional experience.
5 For places such as work or school to function smoothly, everyone must
Group of answer choices
a talk about their feelings.
b have a sense of social responsibility.
c pay their taxes on time.
d agree on the same solutions.
6 Acting responsibly includes
Group of answer choices
a making sure your classmates succeed.
b joining an athletic team.
c applying for leadership positions.
d following the rules.
7 Telling the truth can sometimes be difficult because
Group of answer choices
a the truth usually causes trouble.
b lying is easier than facing the consequences.
c people like lies more than the truth.
d the truth doesn’t help you get ahead in life.
8 When you make a mistake, the responsible thing to do is
Group of answer choices
a determine where to lay the blame.
b admit it.
c quit the project.
d try to fix it before anyone finds out.
Finishing tasks with care means that
Group of answer choices
a the tasks are completed on time.
b your project will succeed.
c your teacher or boss is happy.
d the tasks have been triple checked.
Acting appropriately means
Group of answer choices
a never hurting anyone’s feelings.
b treating others with respect even when they’re being annoying.
c making sure everyone is happy with you.
d putting up with however anyone wants to treat you.
Answers
Answer:
1. C
2. D
3. D
4. A
5. B
6. D
7. B
8. B
9. A
10. B
1. The essential element of responsible behavior is Compassion. Responsible behavior involves showing empathy and understanding towards others, considering their needs and feelings. Option A is the correct answer.
Compassion is an essential element of responsible behavior because it fosters a sense of connection and consideration for others, leading to a more harmonious and supportive environment.
2. Fairness can be a tricky concept because It doesn't always mean getting your own way. Fairness requires considering the perspectives and needs of others, which may not align with one's own desires or preferences. Option A is the correct answer.
Fairness may involve reconciling conflicting interests and finding compromises. When there are competing needs or desires, it can be difficult to find a solution that satisfies everyone.
3. Part of accountability is doing what you say you will do. Being accountable means taking responsibility for one's actions and following through on commitments and promises. Option D is the correct answer.
When everyone in a team or community follows through on their commitments, it creates a positive and productive environment. It fosters a culture of accountability and reliability
4. Displaying personal responsibility requires someone to have Ethics. Personal responsibility involves making ethical decisions and taking ownership of one's actions and choices. Option A is the correct answer.
Displaying personal responsibility through ethical behavior enhances our trustworthiness and credibility. When we consistently act in accordance with ethical principles, others perceive us as reliable, honest, and dependable.
5. For places such as work or school to function smoothly, everyone must have a sense of social responsibility. Social responsibility means recognizing the impact of one's actions on others and acting in a way that promotes the well-being of the community or organization. Option B is the correct answer.
A sense of social responsibility is essential for the smooth functioning of places like work or school. It promotes collaboration, teamwork, respect, empathy, accountability, reliability, and the overall well-being of the community
6. Acting responsibly includes following the rules. Responsible behavior involves adhering to established rules, guidelines, and expectations to ensure the safety and well-being of oneself and others. Option D is the correct answer.
By following rules, we set a positive example for others to follow. Our responsible behavior can inspire others to act responsibly as well, creating a ripple effect that promotes a culture of accountability and respect.
7. Telling the truth can sometimes be difficult because Lying is easier than facing the consequences. It can be challenging to tell the truth when it may lead to negative outcomes or repercussions. Option B is the correct answer.
Honesty is the foundation of trust in relationships, whether they are personal or professional. By telling the truth, we demonstrate integrity and reliability, which fosters trust with others.
8. When you make a mistake, the responsible thing to do is Admit it. Taking responsibility for one's mistakes involves acknowledging and accepting the error, and being willing to learn from it and make amends. Option B is the correct answer.
Admitting mistakes builds trust and credibility with others. When we are honest about our shortcomings, it shows that we are sincere and reliable.
9. Finishing tasks with care means that the tasks have been Triple checked. Finishing tasks with care involves thoroughness and attention to detail to ensure that the work is completed accurately and to the best of one's ability. Option C is the correct answer.
Triple-checking tasks is an important step in maintaining a high standard of quality. By reviewing the work multiple times, we can identify areas that may need improvement or refinement. This helps to ensure that the final product or outcome is of the highest possible quality.
10. Acting appropriately means Treating others with respect even when they're being annoying. Acting appropriately involves considering the feelings and rights of others, even in challenging situations, and treating them with respect and courtesy. Option B is the correct answer.
Treating others with respect, even when they're being annoying, can help in resolving conflicts more effectively. It allows for open and constructive communication, where both parties feel heard and valued.
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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
Answers
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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At which point on the business cycle would most likely find cyclical unemployment?
Answers
Answer:
Recession cycle
Explanation:
Cyclical unemployment is the nature of unemployment caused by the natural cyclical trends in the economy. The economy undergoes seasons of boom and downturns. These seasons occur repetitively in a country from time to time.
When the economy is experiencing growth(boom or expansion), the production level is high, resulting in the creation of many job opportunities. During recessions ( economic downturns), demand and production decline leading to loss of jobs. The rate of unemployment increases. The type of unemployment created by the decline in economic activities is cyclical unemployment.
By bundling share purchases of many investors together mutual funds can take advantage of economies of scale and thereby lower.
Answers
Mutual funds can take benefit from economies of scale and thereby lower transaction costs by bundling share purchases of many investors together.
You can "mutually" acquire stocks, bonds, and other investments through mutual funds, which allow you to combine your money with that of other investors. They are managed by qualified money managers, who choose which securities to acquire (stocks, bonds, etc.) and when to sell them. You have access to any investment made in the fund as well as any revenue it may provide.
Economies of scale are the cost advantages a company has as a result of increasing its output level. The benefit results from the inverse connection between the amount produced and the fixed cost per unit. The fixed cost per unit decreases as production volume increases.
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ifmarco is a seller of shirts and he sells a shirt for 48 dollars ,which results in him having a producer surplus from the sale equalto $8 , what is his cost of production?a. 48b. 32c.8d. 40
Answers
The correct answer is d. 40. Based on the given information, Marco is a seller and producer of shirts. He sells a shirt for $48 and has a producer surplus of $8 from the sale.
To find his cost of production, subtract the producer surplus from the selling price.
Cost of Production = Selling Price - Producer Surplus
Cost of Production = $48 - $8
Cost of Production = $40
So, the correct answer is d. 40.
Producer surplus is the difference between the price a seller receives for a good or service and the minimum price they would have been willing to accept for that same good or service. In this case, Marco sold a shirt for $48 and had a producer surplus of $8. This means that his minimum acceptable price for the shirt was $40 ($48 - $8 = $40). Therefore, his cost of production was $40.
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the suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate wich challenge of entrepreneurship
Answers
The suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
What is entrepreneurship?The entrepreneurship serves the activity that involves the setting up of a business or businesses, by taking the financial risks in the hope of profit.
Therefore, suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
In this case, as an entrepreneur, one should able to have the mind to bear the risk as well as make the good decision that is need for the success of the business, examples of entrepreneur are; Mark Zuckerberg, Bill Gate and others.
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tomsm's Investment account at his bank has compounding Interest. He Isn't sure if this is a positive thing for his investment. What is the BEST advice you can offer Tom? OA. Ask your bank to compound the interest less frequently. OB. Withdraw your investment immediately because compounding Interest is a scam. OC. Invest in a bank that doesn't offer compounding Interest so there is less risk. OD. Keep your account open and you will earn more on Interest you've already earned. Reset Next reserved.
Answers
Answer: Keep your account open and you will earn more on Interest you've already earned
Explanation:
Since Tom's investment account at his bank has a compounding interest, the best advice that'll be offered to Tom is to keep the account open and he will earn more on Interest than what he has already earned.
It should be noted that compound interest makes ones money grow faster. The reason for this is due to the fact that the interest is calculated based on the accumulated interest that the individual has earned over time and the original principal.
Therefore, it isn't advisable for Tom to withdraw his money or ask the bank to compound the interest less frequently but rather, he should keep the account open as he'll earn more interest.
2.
Why do people run a business?
Answers
Answer:
to make money
Explanation:
Explain the tool of monetary policy a government could use to gain positive balance of payment
Answers
Answer:
What is the tool of monetary policy?
Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.
Explanation:
due process of the law protects an individual's
a. liberty and property interests
b. right to prosperity
c. job
d. pursuit of happiness
Answers
Answer:
a. liberty and property interests.
Explanation:
A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.
Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior.
In circumstances where there are aberration, the law is enforced as a punishment and penalty for wrongdoings or misdeeds.
Hence, due process of the law protects an individual's liberty and property interests because it ensures the right legal procedures are followed and that all accused are given access (entitled) to a fair trial.
Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. The
business has been open a year, and specialises in designer outfits for women.
Daisy made the decision to set up the business after working in a high street
chain for five years.
Which of the following does NOT analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful?
Answers
Answer: By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance.
Explanation:
The option that doesn't analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful is that "By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance".
We should note that while other options shows that there will be an increase in customer, increase in sales and lead her to be more financially successful, this particular option only relates to her work-life balance and not have an impact on her financial stability.
If you are considering making an investment on a financial product which costs $8,987 initially, and pays back $1,875 every year up to 6 years. What is the payback period of this product (keep two decimal places)?
Answers
Payback period is the time required for an investment to generate enough cash flows to recover its initial cost. To determine the payback period, we can use the following formula: Payback period = Cost of Investment / Annual Cash InflowsIn this case, the cost of investment is $8,987 and the annual cash inflow is $1,875.
The investment will continue to pay back for 6 years. Using the formula above, we can find the payback period: Payback period = $8,987 / $1,875= 4.79 years Therefore, the payback period for this investment is 4.79 years (rounded to two decimal places).Explanation: It is given that the initial cost of the financial product is $8,987, and it pays back $1,875 every year up to 6 years.
The formula to calculate the payback period is: Payback period = Cost of Investment / Annual Cash InflowsThus, substituting the given values in the above formula, we get:Payback period = $8,987 / $1,875 = 4.79 yearsTherefore, the payback period for this investment is 4.79 years (rounded to two decimal places).
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which of the following statements about economic recession are true
Select all that apply: The most recent recession in the United States started and ended in 2001. Effects of a severe recessionbften linger after the official ending date. An economic recession lasts from peak to trough. All of the above are true.
Answers
The statements that are true about economic recession are Effects of a severe recession often linger after the official ending date and an economic recession lasts from peak to trough.
An economic recession is a significant decline in economic activity that lasts for an extended period. It is generally characterized by a decline in gross domestic product (GDP), employment, and income. The most commonly used measure of a recession is a decline in GDP over two consecutive quarters.
The statement "The most recent recession in the United States started and ended in 2001" is not true as there have been recessions in the US since 2001, including the most recent one caused by the COVID-19 pandemic.
An economic recession lasts from peak to trough, which means it starts at the peak of economic activity and ends at the trough, which is the point where economic activity is at its lowest. The National Bureau of Economic Research (NBER) is responsible for determining the official dates of recessions in the United States based on a range of economic indicators, not just GDP.
Therefore, the correct statements are that the effects of a severe recession often linger after the official ending date, and an economic recession lasts from peak to trough.
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Sabrina’s soccer produces soccer balls and soccer nets, which are sold at sporting goods stores. which factors directly affect the company’s profit?
Answers
A surge in soccer league numbers. According to Iowa State University, profitability is simply your revenue from your operations less your expenses. You are profitable if the number is a positive; if there is a minus sign before the number, you are not. The Revenue from the sale of goods or services is the main determinant of a company's profitability.
Gaining from investments produces income but does not translate into profitability. The long-term objective of the majority of entrepreneurs and small-company owners is to increase business profitability. Greater profitable the businesses provide more income for you and any other investors.
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business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. In what ways is Warby Parker satisfying the needs of its customers
Answers
Answer:
The explanation according to the given circumstance is described below throughout the explanation section.
Explanation:
Warby Parker announces a brand new approach for purchasing glasses: the opportunity to get elevated accessories shipped to the door at quite a cheap price.Individuals post five major social media framework choices to inspire clients and receive supportive input from their loved ones.A new sales moment in time structure was perhaps the most critical aspect of developing consumer engagement.The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:
Answers
Answer:
The focus on traditional financial statements is ACCOUNTING data rather than cash flow.
Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital
Explanation:
Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.
Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.
E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.
How did nandini jammi raise awareness about company ads placed on questionable websites without the company’s approval?.
Answers
Surprisingly in 2020, it came as an unpleasant surprise. Nandini Jammi’s advertiser boycotts scared brands away from journalism and into shady ad tech.
Being the cofounder of a media campaign called Sleeping Giants, Jammi had perfected the art of pressuring advertisers to stop funding websites that peddle unacceptable content. The effect of Sleeping GiantIn 2017, Sleeping Giants attained national awareness when its viral demonstration on social media helped cause a 90 percent drop in Breitbart News’ ad revenue—kneecapping one of the most important and tension raising right-wing publications of the 2016 election.
Therefore, Nandini raises awareness through an online demonstration via social media.
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Question 7 of 20
A marketing plan includes a number of factors, including the marketing mix.
What is the marketing mix?
A. Using names and symbols to identify the company's products
OB. A plan for spending money
OC. How the company intends for customers to view its product
relative to the competition
OD. The variables of product, price, place, and promotion
SUBMIT
Answers
Answer:
answer is d
Explanation:
yes
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Answers
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.