planned . . . traditional
B.
market . . . planned
C.
market . . . traditional
D.
planned . . . command
A mixed economy has strong elements of both "market" and "planned" economies.
Mixed economy alludes to the financial framework where the monetary exercises are coordinated by both private and the administration. At the end of the day, it is the market economy which is controlled by the legislature or the state. Mixed economy reflects attributes of both market and planned economy. At present, most genuine economies are mixed economy.
Most mixed economies hold attributes of a conventional economy, however those customs don't control how the economy capacities.
b. provide a service.
c. make a profit.
d. make you happy.
Answer:
C. Make a profit
Explanation:
This is correct for the PF test.
Have a good day! :)
Answer:
Management by working around
Explanation:
It is Management by Walking Around. MBWA, it actually means that managers spend some part of their time listening to problems and ideas of their staff, while wandering around an office or plant.
Management by Walking Around is a term that was coined by Tom Peters. From his study of successful companies and their practices, Tom Peters observed that good managers tend to communicate a lot better with their team. Doing that in informal ways, like just hanging around in the office and chatting with them, rather than having formal interaction sessions in their boardrooms. The founder of, Walmart, was a great exponent of this practice. He believed in visiting as many of his stores as many times as possible and talking to frontline staff. The founder of House ofTara, a make up outfit goes round her stores and even works there just as to see the business through the eyes of the frontline staff
The idea of this practice is to listen. You must also respond to ideas or problems voiced and take effective action about them.
Answer:
Elastic demand
Explanation:
Elastic demand states when there is a change in the price of a product the quantity demanded changes. An increase in price may lead to a decrease in demand whereas, a decrease in price may lead to an increase in quantity demanded.
In this case we see when the B2B supplier increase its price, the orders dropped by 25%. Which proves that it is an elastic demand.
If an increase in price leads to no changes or increase in quantity demanded then it is called inelastic demand. Example: disease curing drugs.
Note your net income
The first step in creating a budget is to identify the amount of money you have coming in. Remember to subtract your deductions, such as for Social Security, taxes, 401 and flexible spending account allocations, when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.
Track your spending
It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back. Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments.
It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.
Set your goals
Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help.
Make a plan
With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses. You might choose to break down your expenses even further, between things you need to have and things you want to have.
Adjust your habits if necessary
Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals. Want-to-have expenses are the first area to look for spending cuts. Try adjusting the numbers you’ve tracked to see how much money that frees up.
Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.
Keep checking in
Whatever the reason, keep checking in with your budget following the steps above.
Answer:
i do not know
Explanation:
Answer:
c. external failure costs
Explanation
External failure costs are those costs incurred due to product failures after they have been sold and used by the customers to which such product are sold too. Although there are insurance policy ready to cater for this kind of loss incurred. The insurance Policy is called "Product Liability Insurance"