What is a producer and a consumer?

What is a market

Define Good ands Services and provide examples.

How do Consumers satisfy their wants and needs by buying goods and services from businesses.

Answers

Answer 1

Answer:

Producers are people who make or grow goods and provide services. Consumers are people who buy or use goods and services to satisfy their wants.

Goods are items that are usually tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a digital book, a digital video game or a digital movie.

Consumers satisfy their wants through purchasing goods and services for consumption purposes.

Explanation:


Related Questions

Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to:

Answers

Inexpensive computer systems and off-the-shelf software make managing small businesses easier by easily tracking daily sales and expenses and managing customer records.

Organizational automation

Intelligent information systems help the management of an organization by processing a large amount of data and transforming it into relevant information.

The information provided by software helps in faster and more reliable decision making, allowing for increased productivity, quality and providing continuous improvement in all processes.

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What is the term for forecasts used for making day-to-day decisions about meeting demand?.

Answers

Tactical forecasts

Tactical forecasts are used for making day to day decisions about meeting demand

Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The number of blankets that must be sold to achieve the target profit is ______. Multiple choice question.

Answers

The number of blankets that must be sold to achieve the target profit is 40,000 blanket.

What is a target profit?

A target profit refers to a preset goals of achieving a certain level of profit in particular year

Number of blankets to sold = ($520,000 + $320,000) / $21

Number of blankets to sold = 40,000 blanket

In conclusion, the number of blankets that must be sold to achieve the target profit is 40,000 blanket.

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According to the segment, which of the following is NOT a way to plan and prepare
for an assignment?
Brainstorming
Strengthening
Editing
Structuring

Answers

a way to not plan or repair is editing

From the following ways to organize and get ready for an assignment is not the section Editing Option (C) is hence the appropriate response.

A legal phrase, "assignment," is employed in the context of contract and property law. A person, known as the assignor, transfers rights or advantages to another, known as the assignee, through the assignment procedure in both situations.

Without the express consent of the assignee, a responsibility, burden, or disadvantage may not be transferred during an assignment. The benefit or right being transferred may be a gift (such as a waiver) or it may be exchanged for a monetary payment under a contract.

The rights could be contingent or vested and could even include an equitable organize stake.

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The expenses involved in going into business, such as buying a space and purchasing equipment, are examples of
a.
marketing funds
b. start-up costs
financial plans
d. operating expenses
C.
Please select the best answer from the choices provided
A
ОВ
Оооо,
0 0
D

Answers

for the first section it's b but i don't understand the other bit

Timeturner corp. Is a company based in the united states that manufactures luxury wrist watches. By western standards, if the company uses sweatshop labor to make these watches, it is most likely to be considered:.

Answers

The action that's illustrated by the company by using sweatshop labor to make these watches us unethical.

What is ethics?

It should be noted that ethics simply means the act of knowing right from wrong.

Ethics is important in business to portray a good image. In this case, the company uses sweatshop labor to make these watches, it is most likely to be considered unethical. This is bad for the image of the company.

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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?

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The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

What is housing industry?

An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.

Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,

Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc

In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

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Why is it a good idea to shop at the same two or three stores from week to week?

Answers

Answer:

It is good to shop at the same shop 2-3 times a week so the business can build a Business 2 Customer relationship, and also to gain points and rewards when you go and come back to the shop to entice you into coming and recommending to a friend.

Explanation:

how do you develop an effective content distribution strategy select one distribution channel, run tests for new marekting channels

Answers

We can develop an effective content distribution strategy through development of distribution channel.

What is a distribution channel?

A distribution channel refers to a  ain of intermediaries from which good are able to reach the final buyer.

However, the process of developing an effective content distribution strategy is through development of distribution channel.

Therefore, the Option A is correct.

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Golden Gate Hair Company keeps track of the gender and age of its customers so it can target emails to them and be sure to have the right hair products in stock when they visit. This is an example of the use of ________ in marketing.

Answers

When the Hair company keeps track of the gender and age of its customers, its intends to use the demographics in marketing.

What is demographics?

A demographics means the study of a population based on age, race, s.ex, education, income, employment etc

The element of demographics are important because its helps to understand the characteristics of the target population.

In conclusion, when Hair company keeps track of the gender and age of its customers, its intends to use the demographics in marketing.

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The Work in Process Inventory account is found only in the ledgers of manufacturing companies. True False

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It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.

What is work in process?

Work in process refers to goods that are still being manufactured-not yet completed goods. This means that the goods are not yet fully produced but still at the stage of production.

Work in process comprises all inventory ranging from the beginning stage between raw materials inventory  to be used and final products.

Hence, It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.

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Texas star oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, texas star oil could resort to the payment of:.

Answers

The Texas star oil could have to resort to the payment of speed money in order to legally overcome the problem.

What is a speed money?

A speed money refers to a money paid to speed up some tasks or operations that are been delayed intentionally by someone or some company.

Because of the pending bureaucratic procedures which made the execution of the contract to be delayed, the option of Speed money is most viable option for Texas Star oil.

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Why is it important to promote and advertise any products that will go on the market?:​

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Answer:

It's important because it can drive business growth. Advertising works to amplify your small business marketing and helps you reach the right audience with positive, targeted messaging that converts potential customers into paying customers.

________ is the degree to which an innovation fits the values and experiences of potential consumers.

Answers

Answer:

Compatibility is the degree to which an innovation fits the values and experiences of potential customers.

The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.

Compatibility is the degree to which an innovation fits the values and experiences of potential consumers.

Is the degree to which a new innovation fits with the values of potential customers?The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.Divisibility. The extent to which the innovation can be tested on a limited scale.Observability. The degree to which the outcomes or benefits of implementing an innovation are visible to potential adopters is referred to as observability.The degree to which an innovation fits the values and experiences of potential consumers is referred to as compatibility. It is one of the product characteristics that influence the adoption rate because consumers will only gradually begin to adopt a product if it is incompatible with their mindset.

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In business strategy, ___________ strategy centers on how a firm will compete in a given industry and will position itself against its competitors.Group of answer choices FunctionalDivisional Corporate Business-unit

Answers

It should be noted that business strategy, Functional strategycenters on how a firm will compete.

What is Functional strategy?

This is the strategy used by business to be able to compete in a highly compitive environment.

Therefore, it is required by company

in a given industry to position itself against its competitors.

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Flexible payments that change from month to month are referred to as: Multiple Choice budget variance. cash flow. fixed expenses. insolvency. variable expenses.

Answers

The Variable Expenses is an expense of flexible payments that change from month to month.

What is Variable Expenses?

A variable expenses is an expenses that change over time such as sales commissions, direct labor costs, cost of raw materials etc.

Hence, the variable expenses is the expense of flexible payments that change from month to month.

Therefore, the Option E is correct.

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During the need-fulfillment stage of the trust-based relationship selling presentation format, _____.

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The salesperson should speak more during the need-fulfillment stage of the sales presentation format based on the trusted relationship.

What is the need-fulfillment stage?

It is the last step of the sales process, where the seller will demonstrate, through technical explanation and demonstration of use, the benefits of the product and how they will satisfy the buyer's need.

Therefore, it is at need-fulfillment stage that the salesperson must use the relationship of trust with the customer to generate persuasion and make the sale.

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True or false: An unchanging marketing communication program is critical to the success of every company. True false question. True False

Answers

Answer:

false

Explanation:

you keep changing to what the people want because that t what the will buy new ideas because someone else will.

Which type of employee fraud is the most frequent? Question 48 options: A) Billing B) Expense reimbursement C) Skimming D) Non-cash E) Payroll

Answers

The type of employee fraud that is most frequent is Expense reimbursement fraud.

What leads to Expense reimbursement fraud?

This refers to fraud or misappropriation that occurs when an employee overstates the amount of cash required to execute a business activity or that they have spent in executing an assignment for the company/ business.

Examples of business expense reimbursements are:

Travel and food allowanceshealthcare costscommunication expenses etc. Therefore, the correct answer is B.

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Which of the five satisfaction facets is most likely to be viewed as undesirable by an employee?.

Answers

The promotion satisfaction is the faucet that the employee may find to be undesirable.

Why the promotion satisfaction is undesirable

This may be undesirable by an employee due to the fact that with more promotions, there would be the need for more work.

Apart from this fact the promotion may also cause the responsibility on the employee to be raised with more work hours.

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A raise in the price of a product
(1) Causes firms to decrease production.
(2) Causes a decrease in supply.
(3) Increases competition.
(4) Decreases competition.

Answers

I would say 4

Hope this helps!!

What is opportunity cost? and why does it matter when it comes to personal finances?

Answers

Answer:

represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are, by definition, unseen, they can be easily overlooked.

Having the resources, information, and attitudes that allow you to take action to achieve a desired goal is called __________. a. organization b. self-confidence c. empowerment d. an action plan

Answers

Answer:

b. pa brainliest po plss

A high degrees of class consciousness in societies can be disruptive within industries, which can often lead to

Answers

It should be noted that high degrees of class consciousness in societies can be disruptive within industries, which can often lead to an increase in the costs of production.

What is class consciousness?

Class consciousness can be regarded as the segregation in the society, it is the placing of individuals to different class.

However, this can often lead to an increase in the costs of production because of segregation.

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a telephone cost $250. the sales tax is 7.5 . what was the cost of the telephone including sales tax

Answers

Answer:

268.75

Explanation: The sales tax should be 18.75

General Motors got in trouble with one of its suppliers of trim because: a. It increased volumes so much that the supplier was no longer profitable b. It allowed its supplier to become too dependent upon it c. The supplier filed bankruptcy and ceased operations d. All of the above e. Only b and c

Answers

The reason General Motors got into trouble with a supplier was that a. It increased volumes so much that the supplier was no longer profitable.

What did General Motors do?

In order to gain more customers, General Motors began demanding more trim in its vehicles.

Trim, which refers to including a lot of features in a car to make it more attractive, can be expensive to make. When General Motors made the supplier produce a lot of it, the supplier stopped making profit.

In conclusion, option A is correct.

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Marie contracts to buy coffee beans for her store from Owen. The contract price is $5.00 per pound. Owen breaches the contract and delivers no coffee. Marie'sdamages will be:

Answers

Answer:

d. the difference between the market price of

the coffee and the contract price.

Explanation:

Damages can be described as the loss caused

by a breach of a contract. They are measured

and expressed in monetary units. Damages

arise because one person in a contract has

not fulfilled their obligation. As a resut, the

innocent party suffers losses or injury.

Damage compensation should take an injured

party to where they should have been if the

contract was not breached. For Marie, If the

contract was not breached, she would have

bought the coffee at $5 per pound. Her

damages would be the difference between thne

price she eventually paid for the coffee, and

the contract price of $5.

High debt ratios that exceed the industry average may make it costly for a firm to borrow additional funds without first raising more equity . The times interest earned ratio measures the extent to which -Select- income can decline before the firm is unable to meet its annual -Select- payments. Its equation is:

Answers

The times interest earned ratio measures the extent to which operating income can decline before the firm is unable to meet its annual interest payments.

What is the times interest earned ratio?

The ratio is a financial tools used to measure the company's ability to meet its debt obligations based on its current income.

The formula for deriving the times interest earned ratio is operating income divided by interest expense.

Therefore, the word is "Operating" and "Interest" is correct.

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How long after the irs accepts your return will it be approved?.

Answers

Answer:

When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.

Explanation:

I need help with this last question can someone please help

Answers

Answer:

hope it helps

Explanation:

b. name of the benificiars/ insured

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Susan wants to build a floor to put at the bottom of her tree house. She made the scale drawing below using a scale of 2.5 in = 3 ft. Enter the length Susan must use for the floor. any and all trolls plagiarism or links will be reportedDiscuss how the use of pedometers benefited people at high risk for type 2 diabetesIntroductionA pedometer helps adults exercise more but sedentary adults need instruction and advice to be motivated to use one We conducted this qualitative study to describe the experiences of participants at high risk of type 2 diabetes who began using a pedometerMethodsA total of 74 people at high risk of type 2 diabetes participated in 6 months of group counseling From April 2007 to April 2008 we collected data through questionnaires theme interviews n 22 and video recordings of counseling sessions From October 2007 through June 2008 we analyzed the dataResultsPedometers were useful tools for observing levels of exercise setting personal goals for walking and helping evaluate whether daily goals were met Negative experiences were associated with functional failures pedometers unsuitability for exercise other than walking and the goal of 10000 steps which some participants considered too highConclusionsSedentary adults can be motivated to use a pedometer if we inform them that regular users find it a useful instrument for increasing their level of exercise These adults should set realistic goals for walking and receive adequate instructions for using pedometersn MSocSc Sirkka Keinnen Kiukaanniemi Anja M Taanila Jaana H Laitinen PhD MScIntroductionPedometers monitor the number of steps taken in a day The use of a pedometer has been shown to increase physical activity among sedentary populations Walking is an excellent way for most inactive people to begin regular exercise The Finnish Diabetes Prevention Study demonstrated that people at high risk of type 2 diabetes who walked 25 hours or more per week were 63 to 69 less likely to develop diabetes than were those who walked less than 1 hour per week Regular exercise can prevent type 2 diabetesAlthough using a pedometer seems to motivate people to exercise more we do not know how to motivate people to use one Knowledge of the experiences of inactive adults who have used a pedometer increases the effectiveness of counseling but few previous studies on this issue exist We describe the experiences of a group of sedentary adults at high risk of type 2 diabetes who began using a pedometer in particular the factors that encouraged or discouraged regular exerciseDiscussionThis study describes the experiences of inactive participants at high risk of type 2 diabetes who used a pedometer during a 6month group counseling process to promote lifestyle changes Participants saw the pedometer as a source of feedback on their exercise It provided immediate feedback on the amount of exercise in steps aerobic steps 60 steps minute kilometers walking time and calories By monitoring their walking the participants noted improvements in their physical capacity which in turn motivated them to exercise more Some participants particularly monitored the steps taken during a workday and many were surprised by the low number of steps recordedUsing the pedometer made it easier to set personal exercise goals These goals included increasing the amount of exercise exercising regularly and exercising daily Some participants tried to increase the number of steps taken per day whereas others pursued the goal of a minimum of 10000 steps daily Using the pedometer helped people exercise more regularly More active participants were motivated to further increase their exercise Participants found that achieving a certain number of steps made them want to increase their goal The pedometer motivated sedentary people to exercise moreThe pedometer was not appropriate for all Some were disappointed because of technical problems Moreover the 10000step recommendation for daily exercise was considered too difficult to achieve In these cases the pedometer did not increase motivation to exercise Several arguments can motivate inactive adults to use a pedometer First using the pedometer helps people monitor their own level of exercise easily set goals and track their progress Second to avoid negative experiences users could be taught to use the pedometer correctly Third a proportional increase in the number of steps as a personal daily goal should be discussed to avoid the disappointment of not reaching the difficult target of 10000 stepsGood instructions for using the pedometer are essential because functional errors were a barrier to its use The effects of the pedometers functional errors on the physical activity of users were previously uncertain Only a few negative experiences with using a pedometer arose during group sessions and theme interviews although less than half of the participants 46 used the pedometer regularly at the end of the process Others may not have been encouraged to highlight negative experiences may have had a neutral attitude or may not have used a pedometer at all and thus had no negative experiences to report. What is 1942 divided by 33