The correct answer is: economic system.
A)
The manner in which a nation allocates its limited resources and distributes goods and
services is called a(n):
(1 point)
command economy.
vertical integration.
law of supply.
economic system.
5 answers
A)
Josiah owns and operates the only pet supply store in his town. There are no other places to
buy pet food for over 200 miles and internet service is not always reliable in this small
community. This means that Josiah’s one company completely controls the sale of pet products
in his area, essentially giving him a what?
(1 point)
scarcity
hindrance
monopoly
disadvantage
Josiah owns and operates the only pet supply store in his town. There are no other places to
buy pet food for over 200 miles and internet service is not always reliable in this small
community. This means that Josiah’s one company completely controls the sale of pet products
in his area, essentially giving him a what?
(1 point)
scarcity
hindrance
monopoly
disadvantage
The correct answer is: monopoly.
A)
What is the first thing that business owners must consider when determining the price of their
goods?
(1 point)
the costs associated with purchasing the finished product from the manufacturer including all
shipping and packaging
the average income of consumers most likely to buy their product
how much money they hope to bring in as a profit annually
what price point the items closest to their item on the store shelves will be
What is the first thing that business owners must consider when determining the price of their
goods?
(1 point)
the costs associated with purchasing the finished product from the manufacturer including all
shipping and packaging
the average income of consumers most likely to buy their product
how much money they hope to bring in as a profit annually
what price point the items closest to their item on the store shelves will be
The correct answer is: the costs associated with purchasing the finished product from the manufacturer including all shipping and packaging.
1 answer