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Q: What is it when businesses raise the price of a needed product or service after a natural disaster?
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Continue Learning about Economics

When purchasing raw materials businesses are most concerned with?

Marketing emphasizes price and service tather than product differentiation.


What does it mean to say US has a service economy?

Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.


Can a product be a service?

NO! A product is different from service. An example of product is Milk, Mobile phone, TV, Car, etc. An example of service is insurance, medical care (but medicine is product), etc. The government marks use for service is SM, which stands for service mark, while for product it is TM, which stands for Trademark.


What were monopolies?

Monopolies were, and still are, organisations usually businesses, that have no competition for the product or service they sell. Consequently they could set the price they wanted. Many countries passed legislation to limit this, not always successfully.


When all the product or service brought to market is consumed the price for the product or service is considered to be a?

rising price

Related questions

When businesses raise the price of a needed product or service after a natural disaster this is known as?

Price gouging


When businesses raise the price of a needed product or service after a natural disaster this is known as .?

price gouging


What is a disaster recovery service?

"Disaster Recovery Service is a recovery service for when a business's computer system goes down as a result of a natural or human-induced disaster. It's very critical for businesses that are particularly dependent on computers to run their business, because otherwise they would lose all the information needed to run the business."


What are the best internet home businesses?

The best internet home businesses are product or service related.


What can a disaster recovery service provide?

"A disaster recovery service provides rescue services, food, shelters, money, and much more to areas in need after natural disasters.Each country has its own disaster recovery program."


Which natural disaster does the National Weather Service track?

huricanes i go to connections acadamy to.


Examples of non-service businesses and service businesses?

A non-service business is a business that makes products like Coleman Sporting Goods. A service business sells services like a cleaning company sells services and not a product.


What services does a service business offer?

A business that is classified as service includes anything that does not manufacture or mine a product. For example, a barber is a service business, just as retailing or a restaurant would be. Most businesses in developed countries are service businesses.


Examples of non-service businesses and service businesses.?

A non-service business is a business that makes products like Coleman Sporting Goods. A service business sells services like a cleaning company sells services and not a product.


What does the firm known as CBX offer?

Independent full-service branding firm CBX offers businesses a service to get their brand recognized. CBX helps businesses with their logo and product packaging.


Industry?

All businesses that make one kind of product or provide one service


What are all businesses that make one kind of product or provide one kind of service?

industry