Answer:
Top-of-the-mind awareness
Explanation:
Many customers select products and commodities on the basis of brand loyalty and many select brands which offer the lowest rates. A concept where consumer selects a brand on the basis of best features and software’s is a general concept that is called the top of the mind awareness, which states that every customer wants to buy a commodity that is best in every aspect. It is estimated by asking customers by using surveys about the brands that first rings a bell in a specific class.
Answer:
Future value= $151,018.51
Explanation:
Future value of money measures how much a present amount of money will be in the future at a given interest rate.
The interest gained on money shows the time value of money. One dollar today is less than one dollar in one year's time
The formula for future value is
Future value = Present value * (1 + rate)^time
As we have two periods in this case (10 years and 20 years)
Future value = Present value * {(1 + rate1)^time1} * {(1 + rate2)^time2}
Future value = 12,500 * {(1 + 0.07)^10} * {(1 + 0.095)^20}
Future value= $151,018.51
Answer: A. Market Period.
B. Long Run
C. Short Run
Explanation:
A.Output and the number of firms are fixed
The MARKET PERIOD is a very short period that refers to a situation where all resources are FIXED. This means that Output itself is fixed and therefore cannot adjust to demand.
B.Plant capacity is flexible. Firms can enter and exit an industry.
This is the LONG RUN. A time where all resources are Variable. This means that factors such as Plant Capacity which is FIXED in the Short Run will simply be Variable and hence flexible in the long run. Other Firms are also free to enter or leave the Industry during this time.
C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed
This refers to the SHORT RUN which is a situation where AT LEAST one resource is FIXED and others are VARIABLE. As long as there is a Fixed Resource with some Variable Resources, it is the Short Run. Plant Capacity and Number of Firms are fixed but Labor is Variable. This makes this scenario a Short Run Scenario.
Answer:
Before the listing agreement is signed.
Explanation:
A listing agreement is a contract between a property owner and a real estate broker asking the real estate broker to get a buyer for his or her property. The property owner implements the listing agreement so as to empower the real estate broker to act in the capacity of the agent to the owner in the course of trying to sell the property. Generally certain commission is paid to the real estate broker by the property owner.
Answer:
The correct answer are option D for both questions.
Explanation:
Recessions is characterized with decrease in consumer and investment spending. During recessions there is a decline in inflation rate and the unemployment rate increases.
While during expansion, there is a boost in economy. So, with increase in investment and production, the unemployment rate falls. There is a rise in inflation rate as well.
Though even in the stages of recovery, the unemployment rate continues to increase because some firms are pessimistic and are operating below their capacity. Also, the rate of growth of labor force is higher than rate of employment growth, which leads to increase in unemployment.
