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Give example of High-order goods and services and low order goods and services?
Wiki User
∙ 14y ago
exaples of high ordered goodds would be furniture, heath care centers, malls, electrial goods, ect. examples of low orded goods would be bread, hairstylist, newspapers, schools, ect.
Wiki User
∙ 14y ago
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What is land an example of?
An example of land would be the fields that farmers use to grow goods on, or the land the is used to make factories on top of in order to produce other goods and services.
What are the Amount spent in order to produce and sell the goods and services is called?
Expensive
What is Internet purchasing?
Internet purchasing is the buying of goods and services from the internet for example the sale of items by persons on ebay and Amazon.com. In order for the sales to be confirmed there must be an offer to the offeree.
What is the definition of order letter?
The letters which contain a formal request for the supply of goods and services are termed as ORDER LETTERS.
What must business provide to consumers in order to satisfy their wants and needs?
goods and services
What is a facilitating products?
Goods and services that must be present in order to use core product
What is an organizational buyer?
Businesses, government agencies, and other institutions buy products and services to maintain their organizations and achieve their organizational objectives. Organizational buyers buy goods and services in order to produce other goods and services for sale.
Who are the four largest importers of the US goods and services?
in order Canada, Mexico, China, and Japan
How Goods Services are produced?
goods and services in a market economy should be produced by labor. capital is needed so that physical products are produced by labor. capital tends to make labor more productive. in order to makes products land is needed to create for labor. labor is used to create capital on land to produce wealth.
Middle-order goods and services?
A middle order good is something like clothes or a hair dryer and services would be like Aeropostale or Ardene. These stores are used once o month or so and are a little more expensive than low order goods. High order goods would be furniture, a car or house. These things are used unfrequently and are only bought every 5 or so years at least. These stores typically only speciallize in one series of products like Leons or Chrysler dealerships. :)
Why were houses in early villages built so close together?
Because they are low-order goods and services
What is a con to bartering?
Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books.There are three major negative aspects or "cons" to this.Insufficient Goods/Services: The first major problem is if one party does not have sufficient goods/services to satisfy the other person. For example, If I want three books in order to cut your hair, but you only have two books, even though you have other goods, you will not be able to conclude the deal with me to have me cut your hair.Undesired Goods/Services: The second major problem is if one party does not want what the other party can provide. For example, let's say that you are a cheese producer, but I am lactose intolerant. As much as you might want my haircut, your goods will never satisfy me and I will not barter with you.Price Fluctuations: Since there are no stable prices in a barter economy, the relative costs of items can change in a much more volatile way than they do when a nominal price is attached. For example, a haircut might be worth two books today, three books tomorrow, and one book the day after that depending on how I feel.
