i) Why is the consumer said to be sovereign? ii) What factors limit this sovereignty? What is meant by the phrase "economies of scale in production"? In economic terms, define what money is. What is meant by the terms "open economy" and "closed economy?" Please provide spec...
To calculate customer lifetime value, multiply the average revenue or profit per visit by the number of visits per year, then multiply by the average number of years for the typical customer relationship. The formula for customer lifetime value is: CLV =Average Transaction Size x Number of ...
What is meant by CPI bias? What is market power, and how is it measured? What market structure could an unconcentrated index have? What are the 4 roles a government takes in regulating market activities? What is a popular measure of the price level?
If there is a large increase in the purchase of raw materials, such ascopperor crude oil, it may be an indication that the economy is expanding. In other words, in an expanding economy, businesses and consumers tend to use more raw materials and energy since consumer and business spending ...
What is meant by recession? It's a word many investors may prefer to do without, even though recessions can be a normal part of an economic cycle. This can be especially true if you are new to investing and have questions about investing during a recession. What does it mean when an ...
Which is better for the economy, investment or spending? What are some of the most create ways to deal with debt? What is meant by the term "financial management"? What term is used refer to the mandatory removal of money from pay that is then paid to the government?
What is meant by conversational commerce? Conversational commerce is a term used to describe the use of chatbots, messaging apps, and other automation technologies to enable businesses to communicate with customers in a more natural way. It allows customers to have conversations with businesses, ask...
The basket of consumer goods used to calculate chained CPI is updated monthly to reflect the mix of goods that consumers bought that month. These adjustments are meant to account for two factors that a fixed-basket CPI ignores: Consumer preferences for goods change over time and the type and ...
What Barth wrote decades ago is even truer today. 出自-2017年6月阅读原文 She is never sure what the final design will look like until the end. 出自-2017年6月阅读原文 Maybe some experience in their childhood meant that they became obsessed ( ' , 着迷) with calendars and what happened to...
The IRS considers cash back to be a “rebate” for your spending. On a related note, any cash back that isn’t earned from spending is usually taxable. For example, if you refer a friend to a credit card and earn a referral bonus, you’ve been compensated by a bank for helping ...