Corporations ensure employee health and safety by adhering to legal requirements such as the OSH Act and OHSA, offering safety training, providing necessary protective equipment, and keeping records of workplace incidents. Yet, challenges in balancing cost-cutting with safety measures can lead to negligence, underscoring the need for a comprehensive approach that includes safety as a key factor in long-term corporate success.
Explanation:Corporations manage the health and safety of their employees and the workplace largely through compliance with legislation such as the Occupational Safety and Health Act (OSH Act) and Occupational Health and Safety Act (OHSA). These acts mandate employers to provide a workplace free of serious recognized hazards and to follow all safety and health standards. Employers are responsible for identifying and correcting safety and health problems, often by altering working conditions rather than relying solely on personal protective equipment.
Employers must also engage in various activities to maintain safety standards, including offering safety training to employees in languages they can understand, conducting workplace tests (e.g., air sampling), providing required personal protective equipment at no cost, and maintaining records of work-related injuries and illnesses. Furthermore, they have to display OSHA citations and summary data of injuries, and notify OSHA promptly in the event of serious incidents such as workplace fatalities or significant injuries.
However, there are instances where corporations prioritize cost-cutting over employee welfare, which can lead to reduced safety measures and, as demonstrated by historical events like the Firestone/Ford tire controversy, result in serious consequences including massive recalls, financial losses, and reputational damage. To create a more comprehensive safety plan, corporations should balance their obligation to maximize shareholder profits with the need to ensure employee safety, which could involve incorporating safety measures and long-term strategic planning that includes employee well-being as a component of corporate success.
This is an economics paper. How do you do it?
Answer: Number 1; I'll move to point D (change in quantity demanded)
Number 2; I'll move to point D (change in demand)
Number 3; I'll move to point F (change in demand)
Number 4; I'll move to point C (change in demand)
Explanation: A change in demand and a change in quantity demanded as similar as they may sound have a clear difference. A change in quantity demand is identified by a movement along the demand curve as a result of changes in the price of the commodity. A change in demand is identified by a complete change from one demand curve to another due to other factors affecting demand (apart from the price of the commodity). As shown in the graph, moving from point A to point B represents a change in quantity demanded, however when the entire demand curve AB moves over to CD, what you have is a change in demand.
For question 1, if the price were to rise (all things being equal) from point C, my quantity demanded would fall to point D. The law of demand states that the higher the price of a commodity, the lower the quantity being demanded.
For question 2, if the price of the commodity were to rise from point A, ideally am supposed to move to point B (law of demand). However my income level has increased which gives me the opportunity to increase my level of demand, and given that its a normal good, I can afford to buy more of it. Hence, rather than move to point B, my demand has changed and I can now move to point D.
For question 3, if at point D, I find out that there would be a price increase next week, then I will move to point F. An increase in price would have resulted in buying less quantity, but this is an instance of increased demand in anticipation of a future increase in price, one of the characteristics of "abnormal demand". This is a typical consumer behavior, since no one wants to be caught unawares, a consumer would rather buy more if he/she finds out that the price is about to increase which would translate to him/her having little or no option other than to reduce quantity demanded.
For question 4, if the price were to fall, ideally am supposed to move to point E (law of demand). However two factors have been given, an increase in my income and the commodity being an inferior good. Consumers normally consume less of an inferior good (such as staple foods) if their income level rises since they are now able to afford higher quality goods and higher standard of living. Hence, even with a fall in price of the goods, I will move to point C (where I am consuming less of it)
The beginning balance of retained earnings was $2500. The difference paid to stockholders was $1500. The ending balance of retained earnings is $5000. what was the net income or net loss for the period
a. net loss of $3,500
B. Net income of $4000
C. Net loss of $4,500
D. Net income of $3000
Answer:
B. Net income of $4000
Explanation:
Opening balance + net income- difference paid= retained earnings
OB + NI -Payments = retrained earnings
$2500 + NI - $1500= $5000
$2500 + NI = $5000 + $1500
$2500 + NI = $6500
NI= $6500- $2500
Net income = $4000
Question 9 (5 points)
When you're evaluating the risk of starting a new business, which risk is likely to be
worth it?
A) Losing your quality of life
B) Losing your home
C) Losing time, energy, and money
D) Losing your loved ones
It would depend from person to person but
A) Losing your quality of life
Explanation:
Quality of life is never permanent for people. In the time of starting a new business one can expect to risk their quality of life but it can be seen as a risky investment to increase or enhance the quality of life one has eventually.
A way to see it would be about how quickly one can recover from the losses they incur. A loss of a home is quite permanent and is hard to recover, same with other options. one can fix their lifestyle with money and free time which they can have once the business goes well.
What is user data?
User data is a way of organizing
information so that users can figure
out which sites will be most
interesting to them.
User data is information that
provides substantial insight into an
individual's offline activity.
User data is information that is
created about a particular individual.
All of the above
Answer:
What is user data?
User data is information that is created about a particular individual.
Explanation:
User data has to do with an individual information created or gathered for a person which is peculiar to such individual. User data ensures other people's information are not part of the information gathered there. It is strictly personal.
Jarrod has gotten a job as a cashier at a retail store. He notices the fitting rooms are messy, so he cleans them and puts the clothes away when he is not busy. Even though this is not part of his job description and his manager did not ask him to clean the fitting rooms, this is an example of Jarrod demonstrating which of the following?
Answer:
Jarrod is demonstrating initiative.
Explanation:
Initiative is to take a lead in an activity without being told, you research better ways to do things and implement them without being reminded. Taking initiative at times involves doing something that is not necessarily your duty but you do it anyway. Most employees that show initiative always gain trust of their superiors since they feel like you don't need to be supervised to do your job. Taking initiative also exposes one to numerous opportunities. In modern times, organizations have a need for employees who can take initiative and think on their feet by finding solutions to problems without necessarily being coerced into taking action. Initiative is an important skill that can be developed. The following examples are ways on developing initiative;
1. Develop a career plan
2. Gain some confidence in your self
3. Self assess to work on your weaknesses
4. Develop the skill of spotting opportunities for growth
Final answer:
Jarrod demonstrates initiative and a strong work ethic by cleaning and organizing the fitting rooms, going beyond his cashier role to improve the store environment and customer experience.
Explanation:
When Jarrod, a cashier at a retail store, takes it upon himself to clean the fitting rooms and organize the clothes without being asked by his manager, he is demonstrating a strong work ethic and initiative. This type of behavior illustrates his ability to go beyond his job description and contribute to the overall tidiness and efficiency of the store environment. It is an example of an employee taking ownership of his workplace and seeking to improve the customer experience by ensuring the store is presentable. Additionally, Jarrod's actions could be seen as him creating a more pleasant and welcoming space for both customers and colleagues, thereby potentially driving more sales and enhancing the store's reputation.
catastrophic ground cover collapse is geological activity that results
Answer:
this could result the following:
1.The abrupt collapse of the ground cover;
A depression in the ground cover clearly visible to the naked eye
2.Structural damage to the building, including the foundation
3.The insured structure being condemned and ordered to be vacated by the governmental agency authorized by law to issue such an order for that structure.
Type the correct answer in the box. Spell all words correctly. Which view in a presentation program displays your slides in full-screen mode? The view in a presentation program displays your slides in full-screen mode.
The view in a presentation program displays your slides in full-screen mode is Slide Show view
Explanation:Practice the Slide Show view to present your presentation to your viewers. Slide Show view engages the entire computer screen, precisely the form your display will view on a big screen when your viewers perceive it. One can guide to the SlideShow view from the taskbar at the base of the sliding window.
When in Slide Show view in PowerPoint, click the screen with your mouse to progress within the slides in your presentation. Alternatively, touch the “Space” bar on your keyboard to progress into the slide show.
Answer:
Answer is Slide show
Explanation:
I did the test
employees expect their managers to practive management by, ___.
A. objectives
B.Example
C. Exception
D. Walking around
The answer is B. examples
Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a big tax refund at the end of the year but is always struggling to cover his monthly expenses. In what way can Dave address his problem?
A.
maintain withholding to maintain his monthly income after taxes
B.
increase withholding to decrease his monthly income after taxes
C.
reduce withholding to increase his monthly income after taxes
D.
reduce his expenses to increase his monthly income after taxes
E.
increase his sources of income to show a rise in his income after taxes
Dave should reduce his withholding to increase his monthly income after taxes. This can be done by adjusting his W-4 form to have less tax withheld from each paycheck. This can help Dave to cover his monthly expenses more comfortably.
Explanation:Dave is in a situation where he gets a big tax refund at the end of each year, but struggles with his monthly expenses. This could indicate that his withholding is set too high, meaning more of his paycheck is being taken out for taxes than necessary. The best solution to this problem would be option C: reduce withholding to increase his monthly income after taxes. By adjusting his W-4 form with his employer to reduce the amount of tax withheld from each paycheck, Dave can get more of his earnings on a monthly basis instead of waiting until the end of the year for a large refund. This would increase his monthly income and help with covering his monthly expenses.
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Which of the following is one of the three core issues in developing and implementing organizational strategy? A. Political issues B. Behavioral issues C. Geographical issues D. Financial issues
Answer:
The answer is B. Behavioral issues
Explanation:
Behaviour is embedded into the people and when this occur for a very long period of time, it becomes highly difficult to change these behaviours and moreover it becomes difficult for the employees change their attitudes and mindset as well.
Behavioral issues are among key obstacles when in implementing a new organisational strategies.
Cooperton Mining just announced it will cut its dividend from $ 4.03 to $ 2.69 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.4 % rate, and its share price was $ 49.35. With the planned expansion, Cooperton's dividends are expected to grow at a 4.6 % rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk.) Is the expansion a good investment? The new price for Cooperton's stock will be $ nothing. (Round to the nearest cent.) Is the expansion a good investment?
Answer:
1. The expansion is not a good investment because the price of the share will decrease.2. The new price for Cooperton's stock will be $38.43 per share.Explanation:
To calculate the share price you would expect after the announcement, you must use the formula for the value of the stock when the dividends are expected to grow at a constant rate g and the expected rate of return is r.
[tex]Value=\frac{\text{dividend at the end of the first year}}{r-g}[/tex]
After the announcement, Cooperton's dividends are $2.69 per share and are expected to grow at a 4.6 % rate.
You are only missing the rate of return, r.
Since you assume that the new expansion does not change Cooperton's risk, the rate of return is the same.
You can calculate the rate of return from the ifnormation priot to the announcement: dividends of $4.03 per share, expected to grow at a 3.4% rate, and share price was $49.35.
Thus, use the same formula quoted above to solve for r.
Rate of return
[tex]Value=\frac{\text{dividend at the end of the first year}}{r-g}\\\\\$ 49.35=\frac{4.03}{r-3.4\%}[/tex]
[tex]r-0.034=4.03/49.35\\\\r=4.03/49.35+0.034=0.116[/tex]
Now use r = 0.116 for the new dividends.
New price
[tex]Value=\frac{\text{dividend at the end of the first year}}{r-g}\\\\Value=\frac{\$ 2.69}{0.116-4.6\%}\\\\Value=\frac{\$ 2.69}{0.116-0.046}\\ \\Value=\$ 38.43[/tex]
Therefore, the new price is expected to fall from $49.35 per share to $38.43 per share, so this is not a good investment.
The relationship of inputs to outputs is known as?
productivity
specialization
economic growth
allocation
Answer:economic growth by corporate
Explanation:
Answer:
The correct answer is productivity.
Explanation:
Productivity is effected by two components. Effectively and Efficiency. Efficiency is related with the inputs and how well the inputs are utilised while effectivity is connected with the output and how well the outcomes are achieved.
enter the value of 42 divided by (2+5).3
Final answer:
To find the value of 42 divided by (2+5) times 3, follow the order of operations: solve the expression inside the parentheses, then divide and multiply.
Explanation:
To find the value of 42 divided by (2+5) times 3, we follow the order of operations, which is parentheses, multiplication/division (from left to right), and then addition/subtraction (from left to right).
Step 1: Solve the expression inside the parentheses: 2+5 = 7.
Step 2: Divide 42 by 7 = 6.
Step 3: Multiply the result by 3: 6 * 3 = 18.
Therefore, the value of 42 divided by (2+5) times 3 is 18.
Which of the following is a concern with a communist system
A concern with a communist system is the lack of individual freedom and the restriction of personal rights due to government control. There is also a lack of incentive for innovation and hard work.
Explanation:A concern with a communist system is the lack of individual freedom and the restriction of personal rights. In a communist system, the government has control over all aspects of the economy and society, which can lead to limited personal choices and opportunities.
Additionally, there is often a lack of incentive for innovation and hard work, as the rewards and benefits are shared equally among all members of society.
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Consumer is God in today’s market’ Justify in your own words!
Explanation:
Examples : if a customer is satisfied with the goods or services provided to him then he is ready to buy it easily and want to continue with it for a long period.
Answer: Consumer is God in today’s market is an age old business mantra that explains the importance customers and potential customers in every business. It means a good business to consumers relationship. Customer is God in today’s market insinuate a good customer service.
Customer always want the best value for their money, in developing a product or services, the customers satisfaction should always be in mind. A business owner should always ask “ What will my god ( customer) need or want.
Secondly, A business owner should avoid offending his or her customers, because they hold tremendous power thanks to social media. Offending customers will mean serious loss for the business. Social media has contributed to the power of the consumers, Any Ill words about the business product and services would spread faster among people on the internet.
Whatever business you are in, The customers and potential customers should be the most valuable stakeholders. They are considered a “god”, they call the shots, business owners make things easy for them and you don’t decide for them on what they should do, because no king want to be told what to do. How well you treat them will always will always have an impact on the business hence they are regarded as “ god” in today’s market.
which of the following practices should be discouraged during the problem-solving process?
A. reporting
B. listening
C. stroking
D. discounting
Do you think Brainly should let us redeem our points for giftcards?
Answer:
Maybe, yes
Explanation:
We are helping out other succeed in classes by giving them answers with explanations which should help them understand. overall I think that would be pretty cool.
Answer:
Yea I think we should
Explanation:
Mark Price, the new productions manager for Speakers and Company, needs to find out which variable most affects the demand for
their line of stereo speakers. He is uncertain whether the unit price of the product or the effects of increased marketing are the main
drivers in sales and wants to use regression analysis to figure out which factor drives more demand for its particular market. Pertinent
information was collected by an extensive marketing project that lasted over the past 12 years and was reduced to the data that follow.
YEAR
PRICE S/UNIT
283
209
213
220
209
MONO
UNIT SALES
(THOUSANDS)
398
698
898
1,384
1,163
1,195
898
1,200
982
1,235
875
811
ADVERTISING
($880)
621
821
1,200
1,405
1,210
1,384
875
1,200
691
875
691
691
209
aces
220
209
230
213
216
243
a. Perform a regression analysis based on these data using Excel. (Negative values should be indicated by a minus sign. Round your
answers to 4 decimal places.)
y bar =
+
Price
+
advertising
Use regression analysis in Excel to find the variable that most affects demand. Fill in data for 'Unit Sales', 'Price S/Unit', and 'Advertising', then run the regression with 'Unit Sales' as the dependent variable and the other two as independents. The variable with larger absolute coefficient most affects the demand.
Explanation:To answer this question, we will use regression analysis, a statistical method which will allow us to determine which variables have significant relationships with the dependent variable - in this case, unit sales. The independent variables will be the unit price and advertising.
In Excel, we use the 'Data analysis' tool to perform regression analysis. First, label the columns as 'Unit Sales', 'Price S/Unit', and 'Advertising.' Fill these columns with the corresponding data. Then, go to DATA > Analysis > Regression. Choose 'Unit Sales' as the dependent (Y) job and 'Price S/Unit' and 'Advertising' as independent (X) variables.
The 'Regression' window will provide a summary output which shows the regression statistics, ANOVA table, and coefficients of the independent variables. Check the coefficient table for the significance (P-value). A P-value less than 0.05 would suggest a significant effect.
The coefficient selector bonus with the greatest absolute value has the most influence on the dependent variable. Hence, according to the generated result, the variable with the larger absolute coefficient is the one that most affects the demand.
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By definition, _______________ occurs when quantity supplied is greater than quantity demanded
Select the correct answer below:
a shortage
an equilibrium
a surplus
a market share
Answer: Surplus
Explanation:
Consumption occurs when income is exchanged for goods or services
income tax is greater than income
disposable income is spent on consumer goods and services
taxes are paid to state and federal governments
Answer: the anwser is c
disposable income is spent on consumer goods and services.
Explanation:
What is the primary reason why coffee shops are flocking to China?
Answer: even Chinese people like coffee so the people get coffee while the businesses selling the coffee get the money. Both sides are getting what they want.
The primary reason why coffee shops are flocking to China is the growing middle class and their increasing demand for premium coffee. Coffee shops also benefit from the rise of urbanization and the café culture in China, where coffee has become a symbol of sophistication and social status. The development and expansion of China's shopping malls and commercial centers have also provided ideal locations for coffee shop chains to establish themselves.
The primary reason why coffee shops are flocking to China is because of the growing middle class and their increasing demand for premium coffee. China's middle class is expanding rapidly, and with higher disposable incomes and a taste for Western consumer goods, they have developed a fondness for coffee. Western coffee chains capitalized on this trend, recognizing the business potential in China's large consumer market. Starbucks, for example, has been successful in China by offering a combination of premium coffee and a trendy café experience.
Another factor driving the flocking of coffee shops to China is the rise of urbanization and the café culture. As Chinese cities modernize, the lifestyle preferences of urban dwellers have shifted, with coffee becoming a symbol of sophistication and social status. As a result, coffee shops have gained popularity as meeting places and social hubs, attracting a younger demographic of consumers.
Lastly, the development and expansion of China's shopping malls and commercial centers have provided ideal locations for coffee shop chains to establish themselves. These establishments serve as central gathering points for consumers seeking leisure, entertainment, and shopping experiences. Coffee shops benefit from the foot traffic generated by these venues, making them an attractive proposition for businesses looking to tap into China's consumer market.
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Witch is true about stock
A)a stock is a type of savings account that pays interest based on current interest rate in the money market.
B)a stock is shared of ownership in a company.
C)a stoke is type of debit investment acts like loan.
D)a stock is a type of investment that invests in a mix of different types of investment
Answer:
a stock is share of ownership in a company.
Explanation:
A stock represents the smallest unit of ownership in a company. It is also known as equity or share. A stock is acquired through purchasing in the stock market , through capital contribution at the formation stage. The owners of stock are called shareholders or stakeholders.
Shareholders are the owners of a company. They are entitled to share in the business profits. Shareholder participates in the management of the business by electing the board of directors who, in turn, appoint the management team.
Select the correct answer. Benjamin was tasked with the duty of negotiating with the labor union of the automobile plant where he worked. The union offered input about the kind of work hours, shifts, and overtime pay the workers wanted. Benjamin worked with the company’s management to create middle ground between the two parties. This negotiation resulted in a labor agreement that would be used for the next five years. What kind of agreement did Benjamin help develop? A. all-inclusive bargaining B. work hour simplification C. collective bargaining D. overtime decentralization
Answer:
Benjamin was tasked with the duty of negotiating with the labor union of the automobile plant where he worked. The union offered input about the kind of work hours, shifts, and overtime pay the workers wanted. Benjamin worked with the company’s management to create middle ground between the two parties. This negotiation resulted in a labor agreement that would be used for the next five years. What kind of agreement did Benjamin help develop?
Benjamin has helped to develop all-inclusive bargaining
Explanation:
With the great accomplishment achieved by Benjamin with such agreement with labor union, he deserves some accolades to achieve the giant strides
Answer:
The answer is C. collective bargaining.
Explanation:
In collective bargaining, what happens is a middleman often referred to as the reconsiliator/agent creates a platform for the two or more disputed parties to negotiate with one another in a peaceful and a dilligent way that eventually, the disputed parties comes up with a solution of their own joint effort rather than relying on a solution or a decision made by a 3rd party.
This is an excellent way to address the common questions and helps to improve the understanding between the parties in the long run.
A management trainee rotates through four of her company's six divisions in a year. Her rotation is determined by random selection : She spends the first quarter of the year at the first division selected , the second quarter at the second division selected , and so forth
The Mangement trainee is undergoing Job Rotation
Explanation:
Job Rotation is the process of Randomly selecting people and exposing them to the various departments of the organization.This technique is adopted by various companies to deal with issues like job stagnation, Job Frustration,Randomness issues,High employee turnover rate .This technique is also helpful to the organization as it helps in creation of a Talent base with Multi-Tasking AbilityDefinition: The total value of all the goods and services produced within a country in a given year
Answer:
Gross Domestic Product or GDP in some countries.
All resources are scarce. Society has unlimited wants and limited resources.
Answer:
The statement is true
Explanation:
Scarcity is the basic problem of the economics because the resources are scarce, as we live in the world, where the human wants are unlimited or infinite but the capital, land and the labor are needed to accomplish those wants, which are limited.
In short, it is defined as the fact or reality that there are very limited amount of resources in order to satisfy the unlimited wants of the society.
The conflict among the unlimited wants of the society and the limited resources, states the choices or alternatives need to be made while deciding on how to allocate or distribute the scarce resources to the society.
How motivation, stress and time Management can influence workplace dynamics
Answer:
The importance of effective workplace management is highlighted specially in the modern times as more and more people spend most of their time at their work place.
Motivation, a self driven need to achieve a goal or an objective is important when someone is engaged in any activity related to work as the success of the organization depends on the success of objective achieving.
Stress is a negative affect that thwarts the Organizational development and individual well being. More and more psychological and sociological support systems are being introduced at the work place to manage the work life balance of employees and to handle the ever increasing workload in modern organizations.
Time management is vital in the success of any business as time equal Money in the Business world. Customer relationships, manufacturing, distribution, planning, all such money making and cost saving activities are time sensitive and has to managed withing reasonable time lines.
Explanation:
(Section 5.5)
20. Dak Nardo deposited $350 into a new regular savings account that earns 6.5 percent interest
compounded semiannually. He made no other deposits or withdrawals. What was his amount in
the account at the end of one year? (4 points)
Answer:
$373.10
Explanation:
The principle amount is $350... PV
Interest rates 6.5 % ...r
Duration one year...n
The formula for calculating compound interest
FV = PV x ( 1 + r ) n
Since 6.5 % is compounded twice year: r becomes 6.5/ 2 and n will n x2
FV = 350(1+0.065 )2
=$350 x 1.06605625
=$350 x 1.066
=$373.10
Final answer:
Dak Nardo deposited $350 at a 6.5% interest rate compounded semiannually. After one year, using the compound interest formula, he would have approximately $373.10 in his savings account.
Explanation:
Dak Nardo deposited $350 into a new regular savings account with a 6.5 percent interest rate compounded semiannually. To calculate the amount in the account at the end of one year, we use the formula for compound interest: A = P(1 + r/n)^(nt), where:
P is the principal amount (the initial amount of money)r is the annual interest rate (in decimal form)n is the number of times that interest is compounded per yeart is the time the money is invested or borrowed for, in yearsSince the interest is compounded semiannually, n equals 2. The interest rate r will be 0.065 (which is 6.5/100). We have t = 1 year, and the initial deposit, P, is $350.
Substituting these values into the formula, we get:
A = 350(1 + 0.065/2)^(2*1)
A = 350(1 + 0.0325)^(2)
A = 350(1.0325)^(2)
A = 350(1.06640625)
A ≈ $373.24
Therefore, at the end of one year, Dak Nardo would have approximately $373.10 in his savings account.
A decrease in demand for a good could be caused by:
a. an increase in the income of the consumers of the good,
b. a decrease in the price of a substitute of the good.
C. a decrease in the price of the good.
d. a decrease in the price of a complement of the good.
e. a technological advancement that decreases the cost of production of the good.
Answer:
b
Explanation:
The answer is b because the substitute or the "off brand" some may call it, in this case is cheaper, which shifts sales to that product while it is cheaper. An example of this, is if you go to the store to buy the same pack of gum you always get, but you see one that is cheaper, so you get that instead.
A decrease in demand for a good can be caused by an increase in consumer income for inferior goods, a decrease in the price of a substitute good, but not a decrease in the price of the good itself. A decrease in the price of a complement increases demand for the good, while a technological advancement affects supply, not demand.
Explanation:A decrease in demand for a good could be caused by various factors, such as changes in consumer income, the price of substitute and complementary goods, and technological advancements. Let's break down each option:
An increase in the income of consumers of the good usually leads to an increase in demand for normal goods, but a decrease in demand for inferior goods. Normal goods are those that people buy more when their income increases while inferior goods are the ones people buy less when their income increases.A decrease in the price of a substitute good can cause a decrease in demand for the other good as consumers will prefer the cheaper substitute.A decrease in the price of the good itself doesn't decrease demand. On the contrary, it may increase demand as the good becomes more affordable to consumers.A decrease in the price of a complement of the good can lead to an increase in demand for the good because the two products are used together. For instance, if the price of hot dogs decreases, the demand for hot dog buns might increase.A technological advancement that decreases the cost of production of the good may lead to an increase in supply, not necessarily a decrease in demand. This can result in a lower market price for the good.Learn more about Decrease in Demand here:https://brainly.com/question/34353700
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Of the different reasons given that people choose to become entrepreneurs (following a passion, filling a need, running a better business, and inventing a new product), which do you think is most likely to lead to a successful business? Justify your choice.
Answer:
The most likely reason for a business to succeed will be filling a need.
Explanation:
When you try to fulfill the need of a specific customer segment in the market, a demand automatically arises and has a certain pull effect. Moreover, products and services that address a need or a specific problem tends to stay longer in the market and attract more consumers in the long term.