Marco has noticed that as older adults purchase tablets, they do not know much about how to use them and are frequently aggravated. He decided he could earn a nice profit by developing courses and offering one-on-one help to aid his customers in overcoming their deficiencies. Although the business struggled at first, he is experiencing a good deal of success now. Marco has many satisfied customers, and the business has grown to the point where he now employs several workers, some of whom were previous clients. Marco's experience is an example of _________.

Answers

Answer 1
Answer:

Answer:

Invisible Hand Concept

Explanation:

Based on the information provided within the question it can be said that in this scenario Marco's experience is an example of the Invisible Hand Concept. This concept describes the social benefits of an individual's actions. Such is Marco's experience in since he created the business in order to solve a problem, which he managed to accomplish and by doing so helped older adults with their problem and created job opportunities for various other individuals.

Answer 2
Answer:

Final answer:

Marco's experience is an example of entrepreneurship, where he identified a need in the market and created a successful business around it.

Explanation:

Marco's experience is an example of entrepreneurship. He identified a need in the market, developed a solution, and created a successful business around it. Despite initial struggles, Marco's dedication to providing courses and one-on-one help to older adults who were unfamiliar with tablets led to growth and success for his business. This story highlights the importance of recognizing opportunities and taking the initiative to pursue them.

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Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Ethan received a gift card and was considering three options: digital camera, cell phone, and video games. After carefully thinking about it, Ethan narrowed his decision down to the digital camera and the cell phone. Finally, Ethan chose the cell phone. In 3-5 sentences, define opportunity cost and trade-off and then explain the opportunity cost and trade-off of Ethan's decision.
why do you think governments want to influence the supply of alcohol and tobacco products by imposing excise taxes?

Strike, a clothing manufacturer from Minnesota, offered to sell Bailey, the owner of a clothing store in Colorado, one thousand shirts for a stated price to be paid on delivery of the shirts. The offer declared that shipment would be made by Dependable Truck Line to Bailey's store. Bailey replied, "I accept your offer for one thousand shirts at the price quoted. However, delivery is to be by Yellow Express Truck Line." Both Dependable Truck Line and Yellow Express Truck Line are well-known national companies. Three weeks later, Strike shipped the shirts by Dependable Truck Line, which was just a few dollars cheaper, and Bailey refused to accept delivery. Strike sued for breach of contract. Bailey claimed that there never was a contract because his reply, which included a modification of carriers, did not constitute an acceptance. Bailey further claimed that, even if there had been a contract, Strike would have been in breach because Strike shipped the shirts by Dependable, contrary to the contract terms.

Answers

Answer:

There was no contract since there was no mutual agreement on the shipping company.

Explanation:

For a contract to be enforceable, it is necessary to have proper offer and acceptance by the two parties. In this case, Strike made an offer and Bailey accepted the stated price but added that the shipping has to be done by Yellow Express Truck Line and not Dependable Truck. Since there was no agreement reached on the shipping company by both the parties, the contract isn't enforceable.

An increase in the supply of money in an economy could be caused by (choose all that apply): a. an increase in the discount rate. b. a decrease in the discount rate. c. an increase in the required reserve ratio. d. a decrease in the required reserve ratio. e. a sale of government securities by the Fed. f. a purchase of government securities by the Fed

Answers

The first two answers are the opposites of each other so it's likely that one of the is correct and indeed -a decrease in the discount rate means that it's cheaper for the banks to borrow money, so there will be an increase in money amount! (b is correct)
  The same is true for the other two options - and d ) is correct because it "unfreezes" the money that can be used

Also the last two options - a sale here means that the government is borrowing the money from the people. However, this doesn't change the supply of the money, only how the money is distributed. (neither are correct)

Lisette told the management team that one way for the company to maintain a competitive advantage was to consistently produce kitchen appliances that meet the expectations of the customer and perform as expected. Which aspect of gaining a competitive advantage is Lisette focusing on?

Answers

Answer:

Lisette is focusing upon quality aspect of gaining a competitive advantage

Explanation:

Competitive advantage refers to those activities by which an enterprise gains an edge over it's competitors in the market for it's products.

There are multiple factors which lead to competitive advantage such as:

  1. Cost Structure
  2. Branding
  3. Quality of product offerings
  4. Distribution
  5. Intellectual Property
  6. Customer Service

As per the facts of the question, Lisette asked of the management to consistently produce appliances which meet customer expectations and perform as expected.

This facet relates to focus upon quality of product offerings.

When a company maintains the quality of it's products, it builds loyalty with customers who prefer it's products over rival firm's products. This is competitive advantage.

A person who wants to work in lodging, restaurant services, travel, amusements, and attractions wants to follow the career pathway known asthe Hospitality and Tourism career cluster.
the Tourism career cluster.
the Managerial career cluster.
the Hotels and Managerial career cluster.

Answers

A person who wants to work in lodging, restaurant services is known as the Hospitality and Tourism career cluster.

What is hospitality and tourism?

Hospitality has to do with entertaining people  while tourism has to do with visiting different places of interest that a person desire.

Based on the given scenario working in a restaurant , travel, amusement and attraction is a career path that has to do with hospitality and tourism.

Inconclusion a person who wants to work in lodging, restaurant is known as the: Hospitality and Tourism career cluster.

Learn more about hospitality and tourism here:brainly.com/question/618712

Answer:

A

Explanation: Hospitality and tourism cluster

In Country A, the production of 1 bicycle requires using resources that could otherwise be used to produce 11 lamps. In Country B, the production of 1 bicycle requires using resources that could otherwise be used to produce 15 lamps. Which country has a comparative advantage in making bicycles?

Answers

Answer:

Country A

Explanation:

given data

country A give 11 lamp produce = 1 bicycle

country B give 15 lamps produce = 1 bicycle

solution

we know that country comparative advance is require giving up less of product for producing 1 bicycle

so as that country A has comparative advantage over country B

it is Because Country B has to sacrifice more in order to have 1 unit of the bicycle

so comparative advantage in making bicycles is Country A

Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made late payments to his credit card and he had not made payments on a loan. What questions should he have asked himself before deciding to buy a home?A) Do you have enough money saved up to cover two to three months of mortgage payments in case you lost your job?
B) Do you have a steady income and stable job?
C) Do you have a good credit report and credit score?
D) Do you have enough money saved for a down payment and closing costs?

Answers

Answer:

C

Explanation:

The payment of credit bills generates points. Each person in default has a negative score. For Mortgages, one of the first procedures is to verify the Credit report, to check for customers in default, and Credit Score to see how many points does the prospective client have. Having these pieces of information, the process of Mortgage loan may continue or not.

C) Do you have a good credit report and credit score?