in one or two sentences explain the role of prices in a market and include distribution, producers and consumers

Answers

Answer 1
Answer:

The price of goods represents a crucial role in managing an effective distribution of supplies in a market system. Price serves as a signal for deficits and surpluses which help firms and customers respond to changing market conditions.

Answer 2

Prices in a market directly relate to distribution, producers and consumers.  If items are selling well and consumers are pursching them, then there will be more of the items produced and distributed. If the prices are not affordable by consumers, they likely aren't purchasing the items and therefor the production and distribution will be low. Prices in the market are extremely important to study the changes in supply and demand for consumers.


Related Questions

What type of fall is responsible for the highest percentage of overall Death in construction

Answers

The highest percentage for deaths in construction from highest to lowest is as follows: falls, struck by objects, electrocution, and caught-in/between. These four are collectively known as Fatal Four.

In the case of falls, the type that is responsible for the overall highest death in the category is falls from roofs.

a centrally planned economy is

A. an economic system that has no government involvement.

B. an economic system in which the government regulates the production.

C. always the most efficient economic system.

D. a form of free enterprise with minimal government involvement.

Answers

It is an economic system in which Government regulates the Prices and what to produce in the particular Country .


The correct answer would be option B, An economic system in which the government government regulates the production.

A centrally planned economy is an economic system in which the government regulates the production.

Explanation:

An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy.

The system of planning in this economic system can either be centralized, decentralized or participatory.

This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.

The production, prices, distribution, etc of the products or services are regulated centrally by the government.

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when an owner records a credit for 650 for revenue earned but not yet received the amount of the debit should be

Answers

Debited in receipts and payments account.

I hope it helped you!

When applying for credit, what is a co-signer?

Answers

This is what a co-signer does. A co-signer is a person who is obligated to pay back the loan just as you, the borrower, are obligated to pay. A co-signer could be your spouse, a parent, or a friend. The lender cannot require your spouse to be a co-signer unless you are both applying for the loan.

When you're approved for a credit card with a co-signer, you and the co-signer become joint account owners and are both responsible for repaying the balance.

Which document is first in a portfolio?

Answers

Final answer:

The first document in a portfolio should be a cover letter, followed by a table of contents if the portfolio contains multiple documents. The portfolio should also demonstrate growth, present final drafts in a professional manner, and reflect personal style.

Explanation:

The first document in a portfolio should be the cover letter, which acts as an introduction to the collection of work included within. If the portfolio is extensive, it is advisable to include a table of contents following the cover letter. The table of contents enables easy navigation through the documents, which can be organized in a variety of logical ways, such as chronological order, reverse chronological order, or by best-first order, where the strongest pieces are featured at the beginning.

Additionally, showcasing one's growth over time is a key aspect of a portfolio, especially in writing courses. Including earlier drafts alongside final versions of the work can demonstrate your development process. It is also essential that final drafts are proofread and formatted correctly to reflect a high standard of finished work.

Finally, when presenting your portfolio, ensure that it mirrors your professionalism and incorporates personal style, while also being neatly compiled, for instance in a binder with protective covers. This meticulous preparation of the portfolio can leave a positive impression when it is evaluated, whether in an educational or professional setting.

Small businesses must hire professional finance managers to manage their income and expenses. True or False

Answers

True; not must, but highly recommended.

Answer:

True.

Explanation:

The Financial Manager is the professional responsible for managing taxes, forming the sale price, auditing, controlling accounts payable, controlling financial investments, controlling bank balances, managing cash flow and analyzing financial statements.

A Financial Manager manages, plans and organizes the company's controllership activities, observing legal principles, policies and guidelines adopted, to define forms of budgetary, accounting and financial control.

Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent each year. What will be the closing credit total of the Accumulated depreciation account after the first year? A. $3,000 B. $1,500 C. $27,000 D. $28,500

Answers

Answer:

B.  

$1,500

Explanation:

30,000x 0.5=1500

According to the condition, the closing credit total of the Accumulated depreciation account after the first year is $1500. Thus, the correct option is (B).

All reported depreciation on an asset up to a certain date is added together to form accumulated depreciation.

On the balance sheet, accumulated depreciation appears right below the associated capital asset line.

Accumulated depreciation is documented in a contra-asset account, which has a credit balance and decreases the fixed asset's gross amount. It is not documented as an asset or a liability as a result.

Here,

Calculating the amount of the closing credit total of the accumulated depreciation as follows:

$30,000 × 5% = $1500

Therefore, the correct option is "B".

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what would have happened to Damien if the family did not have health insurance and had not taken him to the hospital, because they couldn't afford the care

Answers

Damien would've gotten seriously ill, and waited until his death.

As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?

Answers

Answer:

The answer from the textbook is, "Plan to reassess your compensation every six months."

Explanation:

The fiscal or financial years of a business stay for 12 months or one year.

How often should an entrepreneur reevaluate her compensation package?

The fiscal or financial years of a business stay for 12 months or one year. It suggests that at the end of that 12 months, the business conditions its financial statement to decide its profitability. The business sets its development, success, and loss for the period.

After evaluating implementation, planning for the following period of 12 months starts. The entrepreneur formulates a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and inspected every year together with the other funding items.

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Which is the best way to prepare yourself for a job in the sports industry

Answers

Answer:b. finding an internship with a team

Explanation:

The best way to prepare yourself for a job in the sports industry is to find yourself an internship in a team.

An internship is a period of time spent learning on the job. It is a very good way to get into the sports industry and any other industry.

This is because it allows a person to learn practically and be corrected by experts in the field.

The learning frame is also faster compared to individuals who are not in the industry at the immediate time.

Therefore, the best way to prepare yourself for a job in the sports industry is to find yourself an internship in a team.

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One level of intervention in the human services field is/are.
1. at-risk group homes
2. alcoholic anonymous
3. program planning

Answers

2. Alcoholic's Anonymous

Answer:

Program Planning

Explanation:

There are three levels of interventions in the human services field: direct service, program planning, and administrative services.

Why is it important to learn about the reality of the sports industry before finding an entry-level job.

a)You will not receive much training once you enter the industry.
b)You will be expected to be an expert on the sports industry.
c)You will be able to find a job that is not entry-level.
d)You will not be as surprised at the long hours.

Answers

The correct answer is d) You will not be as surprised at the long hours.

Learning about the reality of the sports industry before finding an entry-level job is important for several reasons:

a) You will not receive much training once you enter the industry: While this may be true in many cases, it is not the primary reason for learning about the industry beforehand. Many entry-level positions do provide some level of training, although the extent of training can vary greatly depending on the organization and the specific role.

b) You will be expected to be an expert on the sports industry: This is not a realistic expectation for someone entering an entry-level position. While having a good understanding of the industry is beneficial, being an "expert" is typically not required at the entry-level. Employers usually understand that new hires will need time to develop their expertise.

c) You will be able to find a job that is not entry-level: This statement is somewhat misleading. Learning about the industry can certainly help job seekers identify opportunities that might not be strictly entry-level, but it does not guarantee that one will secure a higher-level position without the necessary experience or qualifications.

d) You will not be as surprised at the long hours: This is the most accurate reason. The sports industry is known for its demanding work hours, which can include evenings, weekends, and holidays, especially when events and games are scheduled. Understanding this aspect of the industry in advance can help job seekers mentally prepare for the commitment required and manage their expectations regarding work-life balance.

Therefore, the knowledge gained about the sports industry beforehand can help individuals better anticipate the demands of the job, including the potential for long work hours, and make informed decisions about their career paths.

Describe the key risks and return associated with investing ? What

Answers

risks
-competition (another service or company the public is now in favor of)
-bankrupcy ( bad debt)
- brand fatigue
-client attraction
-cash flow

return

-good economy
-steady cash flow
-good clientele
-out running competition
-collaboration with other major company's

describe six common categories of product features and include an example of each

Answers

1. Office supplies- Different materials
2. Frozen food- Different varieties
3. Hair products- Different types
4. Clothes- Different sizes
5. Bikes- Different styles
6. Electronics- Difference devices

The six common categories of the of product features are Different materials, varieties, types, size, styles, and different devices.

What is a product?

A product is the term of marketing, which means the item for sale is referred to as a product. It can be either a service or a physical thing.

It might be carnal, virtual, or cyber in existence. Each product has a cost, and every product has a price. The price that can be paid is ascertained by the market, quality, marketing, and target segment.

This product is divided into many categories on the basis of different materials, varieties, types, size, styles, and different devices.

The example of the different materials are:

Office supplies-Different materialsFrozen food-Different varietiesHair products – Different typesClothes-Different sizesBikes-Different stylesElectronics- Difference devices.

Therefore, product is categorized on the basis of different categories.

 

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Restaurant managers are typically:
A:Chefs
B:More highly trained staff C:Owners of the restaurant D:Working daytime hours

Answers

B, due to management training

Answer:b

Explanation: sorry I have a class rn and dont have to explain but the other person answered it correctly:)

provide an example of a closed-end credit account that Caroline has

Answers

Final answer:

A closed-end credit account example for Caroline is a car loan, a secured loan that provides funds for a single purchase of a vehicle, with the car as collateral and a fixed repayment schedule. This contrasts with credit card accounts, which are a type of open-end or revolving credit without a fixed number of payments or end date.

Explanation:

An example of a closed-end credit account that Caroline could have is a car loan. In this type of credit, the amount borrowed is fixed and typically used to purchase a specific item, in this case, a vehicle. This loan will usually have a set repayment schedule, often with monthly payments that include both principal and interest. Once the loan is fully repaid, the account is closed, unlike revolving credit accounts like credit cards, which remain open for future use.

With a secured loan like an auto loan, the car serves as collateral for the credit. If the borrower defaults on the loan, the lender has the right to repossess the vehicle to cover the unpaid debt. Such loans often come with a lower interest rate than unsecured loans, because the lender has a form of security that reduces their risk.

Credit cards are a form of revolving credit that can be used for various purchases, with the expectation that the borrowed amount should ideally be paid off in full at the end of each month to avoid interest charges. Closed-end credit accounts, such as car loans or mortgages, are fundamentally different as they are used for significant, one-time purchases and have an end date by which the loan will be paid off.

As more alcohol is use the amount consumed to reach the high will become ?

Answers

You will need to consume more and more.

Three reasons why people might accidentally overdraw are: they always reconcile their statement accurately they may not record an ATM withdrawal they may make a mistake in their arithmetic they forget to make a deposit

Answers

Answer:

The correct answers are B, C and D.

Explanation:

Before answering the question, we need to know what overdraw means. So overdraw is basically the drawing the excess of money which the account of a person actually holds. In simple words, when the money in someone account is more than the amount he thinks. He thinks he has more amount in his account and when he tries to withdraw, he comes to know the real amount. This could be because of many reasons, three of which are as follows:

They withdraw the amount from ATM and they may not record it. secondly they may have made a mistake in their arithmetic while estimating their equity, and thirdly, they might have forgotten to make a deposit.

All these reasons could be the reason for overdraw.

Final answer:

People may overdraw their account by not reconciling statements, forgetting ATM withdrawals, or making arithmetic errors, which can incur overdraft fees and negative balances.

Explanation:

Three reasons why people might accidentally overdraw their account include failure to reconcile their statement accurately, not recording an ATM withdrawal, and making a mistake in their arithmetic when balancing their checkbook.

This can be problematic since overdrawing can lead to additional charges, such as overdraft fees, and potentially negative balances at the bank. Balancing your checkbook regularly can help manage finances, keep track of cash flow, and avoid these fiscal issues.

identify an industry with high fixed costs in the short run

Answers

The answer is: Car manufacturers

An industry that have high fixed costs in the short run would be the industry that has to put a high price tag for their products.

Car manufacturers need to provide a high number of capital on the early stage of investments to purchase machines and factory spaces that essential for the efficiency of the production. Due to this hard requirements, there is very little new company enter the competition in car manufacture industries in recent centuries.

A partnership can be terminated by which of the following

A. Bankruptcy
B. Death of a partner
C. Agreement by partners
D. All of the above

The answer is D

Answers

Answer

A Partnership can be terminated by bankruptcy, death of a partner and agreement by partners. The answer is D. all of the above.

Explanation

Terms leading to the termination and dissolution of a partnership should be specified in a partnership agreement. The terms may include all the events that might lead to termination of the agreement. A partnership can terminate if the expiry date is reached, when the project is completed, death of a partner, bankruptcy of a partner, illegality of activities and a court application for an order of termination.



The correct answer is D, All of the above.

A partnership can be terminated by Bankruptcy, Death of a partner, Agreements by partners.

A partnership is a form of business in which two or more people come together to run a business on percentage basis. All the partners are liable for any loss that may incur. A formal agreement is signed between the partners, discussing the terms and conditions in it. There are possibilities of terminating the partnership. These could be the death of any partner, bankruptcy, or indicated by them in the agreement.

An understaffed store may become a target for what?

a) Panhandlers
b) Shoplifters
c) Deal-seekers
d) Tax audit

Answers

B Shoplifters is the correct answer. Hope this helps. :)
B shoplifters I hope it’s right

In a pure market economy the government controls most actions

Answers

I think the sure do cause just think about it

A traveler who wants to explore and preserve the natural environment is a cultural tourist. True or false

Answers

False, a cultural tourist wants to preserve the cultural/traditions of the local people.

it is false not true THE ANSWER IS FALSE

trends established by your competition can provide you with an advantage
A. True
B. False

Answers

Answer: True I guess it will make people buy it more or something like that

what happens if a spelling checker does not have a suggestion for a misspelled word apex

Answers

The writter has to correct the word sometimes computers dont get what you were trying to spell becasue it was spelt so badly so you have to fix it

Answer:

The correct answer is the writer must correct the word.

Explanation:

When we use an automatic word corrector, and we erroneously write some of the words, the proofreader will give us suggestions of words that are similar, since it is likely that we have spelled it wrong.

If this doesn't happen, it is because it doesn't not know what the word is, so the proofreader will give you the option to add it manually to its dictionary, and thus save it in its database so that the next time you use it it does not appear again as an error.

What is often the first sign of a stolen identity?

Answers

if you discover that purchases that you did not make have been made under your name.
Final answer:

The first sign of a stolen identity is often financial theft, which can lead to sudden changes in banking practices.

Explanation:

The first sign of a stolen identity is often financial theft. When someone's identity is stolen, the thief may use their personal information to make unauthorized transactions, withdraw money from their bank accounts, or apply for credit in their name. This can lead to sudden and unexplained changes in banking practices, such as unfamiliar charges or withdrawals.

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What are the elements of a compensation package

Answers

Final answer:

A compensation package consists of the various rewards an employee receives for their work, primarily the base salary, bonuses, benefits, stock options, and perks.

Explanation:

The elements of a compensation package refer to the different ways an employer rewards employees for their work. These can vary greatly between industries and job roles, but typically include several key components.

Base Salary: This is the fixed amount of money that an employee earns for performing their job duties. It is typically paid biweekly or monthly. Bonuses and Commissions: These are additional forms of pay based on performance or achieving certain targets. Commissions are common in sales roles, while bonuses may be given company-wide or to specific teams or individuals. Benefits: These are non-monetary forms of compensation and may include health insurance, retirement plans, paid time off, life insurance, disability insurance, etc. Stock Options or Equity: Some companies offer stock options or equity as a part of compensation. This gives the employee a stake in the company’s success. Perks: Perks are additional benefits that make a job more attractive. These might include things like flexible working schedules, professional development opportunities, or even gym memberships or meal plans.

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A compensation package includes base salary, supplemental pay, various forms of insurance, retirement and savings plans, legally required benefits, and other perks. The total compensation package can sometimes make up for a low base salary. Moreover, there may be opportunities to renegotiate the package after proving one's value to the company.

Base Salary/Wages: The fixed income received by an employee, usually provided as an annual amount but often discussed in terms of monthly or biweekly paychecks.

Supplemental Pay: This may include bonuses, overtime pay, commissions, or incentives that are based on performance.

Insurance: This can include health, dental, vision, life, and disability insurance that the employer provides or contributes towards.

Retirement and Savings: Plans such as 401(k), defined benefit, and defined contribution plans, where employers may match contributions made by the employee.

Legally Required Benefits: These are benefits that an employer must provide by law, such as employer payments to Social Security, unemployment, and worker's compensation insurance.

Other benefits, which can encompass things like vacation pay, parental leave, childcare support, tuition reimbursement, and more.

In the context of a job offer and compensation negotiation, it is important to consider the whole package. While base salary is critical, the value of the total compensation including all benefits and perks, can significantly enhance the overall remuneration. This becomes a crucial consideration when an offer may present with a lower base salary than expected. In such cases, strong benefits can sometimes compensate for the lower pay.

As for renegotiation, depending on the employer, there may be a possibility to renegotiate parts of the compensation package after 6-12 months of employment. This is typically more successful when the employee has demonstrated significant contributions to the company that warrant a review of compensation terms.

If a business has a well established customer base it no longer needs to worry about marketing true or false

Answers

False, because it is "slightly" impossible to keep your running in the long run. A business should never stop it's marketing process. Yes, they can stop in the "very" short run, but in order to succeed more, they should do marketing occasionally. For example, every 2 weeks is the safest time to keep a routine to do marketing.


I hope it helped you!
Final answer:

Despite having a well-established customer base, businesses must continue to focus on marketing to maintain customer relationships and ensure their success. Maintaining its reputation is crucial for securing repeat customers and gaining trust. The FTC monitors product claims to an extent, allowing some exaggeration but not outright lies.

Explanation:

The statement 'If a business has a well-established customer base it no longer needs to worry about marketing' is false. Even with an established customer base, businesses still need to focus on marketing to maintain their customer relationships, attract new customers, and stay competitive. This is crucial for the business's survival and success.

The rationale for ongoing marketing efforts is that businesses want to maintain repeat customers, who can recommend the business to others. By focusing on its reputation, buyers trust the firm and ensure it does not provide poor-quality products or services. An analogy is a well-established grocery store that can charge a higher price for its reputation compared to a temporary stand at a local farmer’s market.

The Federal Trade Commission (FTC) often checks the factual claims about a product's performance to a certain extent. While exaggerated or ambiguous language and images are allowed in advertising, untrue facts are not permitted. Guided by the Latin saying, Caveat emptor (let the buyer beware), buyers must be aware when considering advertisements.

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The first OS with a GUI was _____.

Linux
Mac®
MS-DOS®
Windows®

Answers

I believe the answer is Mac.


Explanation: Mac's GUI was released in 1984.While the others were made not much later between 1984 and 2009

Answer:

The correct answer is B, Mac.

Explanation:

OS stands for Operating System and GUI stands for Graphical User Interface. The first Operating System was System 1.0 which was the first graphical user interface operating system developed for Macintosh. This first operating system had so much features similar to ones present in the current operating systems. There were windows in that OS, files and folders could be moved with mouse, files and folders could be copied and dragged(pasted) on other locations. So first ever GUI OS was MAC.  

What change is taking place on this graph?
a decrease in supply
a decrease in demand
an increase in supply
an increase in demand

Answers

Change in the price of the good results in the movement along the same demand curve.

Factors other than price results in the shift in demand curve.

A rightward shift in demand would increase the quantity demanded at all prices compared to the original demand curve.

While a left shift indicates decrease in demand.

In the given graph , there is a rightward shift of the demand curve from left to the right ( D1 to D2), Thus we can say that there is an increase in demand.

Answer:

increase of demand

Explanation:

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