Answer:
The market value of all final goods and services produced by resources owned by citizens of a particular country in a given year gross GDP
GDP adjusted to base year prices <em>real GDP</em>
GDP divided by population GDP per capita
GDP adjusted for differences in the cost of living in different countries
<em>GDP power purchase parity</em>
the market value of all final goods and services produced by resources located in a particular country in a given year <em>gross national product GNP</em>
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Explanation:
We are mathcing the definition with the term so it is self-explanatory
Answer:
B. Raw Materials
Explanation:
Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity. Raw Materials are used in the production of a finished products (such as Crude
Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas Petrol, Yogurt and Garment are the finished products).
Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.
Answer is B. Raw Materials
Answer: a. True
Explanation: A parallel test invovles bringing the recovery site to a state of operational readiness, but maintaining operations at the primary site
Answer:
Urgency / Postponement leads to customer inelastic demand of ice melt.
Explanation:
Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price
Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,
Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price
Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.
Answer:
Captive-product pricing
Explanation:
The user who buys razor will also require a blade because razor without blade is useless. Similarly the person who buys a laptop also requires a charger for his laptop. Just consider one more example, the printer you buy requires ink which means if the seller is selling one item at low price and the other at a high price means that the seller can bound the consumer to purchase its products or that the package as a whole seems economical from the customer perspective and manufacturer's perspective. This helps the manufacturer in making excessive sales.
