A consumer price index is a comprehensive measure used for estimationn of price changes in a basket of goods and services representative of...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough homework an...
(a) Explain what is meant by nonrival and non-excludable. (b) How do these terms relate to the provision and financing of public goods? A) What are the distinguishing characteristics of "public goods"? Give two examples of a public good. B) Why are public goods difficult for markets t...
M. (1966). What is meant by Services? Journal of Marketing, 30, 32-36.Rathmell, JM., 1966, What is meant by services?Journal of Marketing 30 (4),32-36. :J. Rathmell.What is Meant by Services?. Journal of Marketing . 1966
6.Whatismeantbytheterm“supply”?Whatisthelawofsupply? 7.Beabletodefinethetermsshortage(orexcessdemand),surplus(orexcess supply),andequilibrium. 8.Ifthepriceisnotattheequilibriumprice,explainwhatforceswouldmovethe pricetowardstheequilibrium. 9.Whatisapricefloorandwhatisapriceceiling?Howwouldtheyalterthe outc...
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What is meant by cross merchandising? Cross merchandising is a visual merchandising strategy that involves displaying complementary products next to each other. It’s also known as secondary product placement. Is cross merchandising a good approach Why or why not? Cross merchandising has many advantage...
1.GNP refers to the market value of goods and services produced ty the property and labor owned by the residents of an economy. GDP measures the market value of all goods and services produced within the geographic area of an economy. The difference between GNP and GDP is that the former ...
Labor: Labor is the work done by humans to sell consumer goods. Labor is very important. Without it, we couldn’t make money or have any way to buy our needed and wanted items.… 572 Words 3 Pages Satisfactory Essays Read More
The maximum out-of-pocket is there to protect the consumer, making sure that what the insurance provider is asking them to pay is not too much. Usually, if the premium is high, the out-of-pocket limit is low. What Is Coinsurance?
The tertiary sector is the largest sector in the United States since the service industry represents the largest share of economic activity.2 What Is Meant by Sector Rotation? In the financial markets, there are sub-sectors of the economic sectors that contain groupings of companies engaged in ...