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How might the purchase decisions of consumers impact a market economy?
By buying some products, but not others, consumers might determine what is produced.
What is socioeconomic model of social responsibility?
the concept that business should emphasize not only profits but also the impact of its decisions on society
What the impact of the economy in a business?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
What impact does the length of time a company has been in business impact the decision to produce a product in the short run?
for they have been a company for long and have customers they are expected to have the best thus can not make rush decisions
What is the likely impact on monetary policy on consumers?
Consumers will save more and spend less.
What is the meaning of you wield power as consumers by virtue of your decisions about what you value by Alice walker?
This quote by Alice Walker suggests that as consumers, our choices and values can have a significant impact. By being mindful of what we buy and support, we have the power to influence businesses and industries towards more sustainable and ethical practices. Essentially, our consumer decisions can shape the world we want to see.
How might the purchase decisions of consumers impact a market economy?
By buying some products, but not others, consumers might determine what is produced.
How does marginal impact consumers' choices?
It increases their willingness to pay for one more unit of a good.
How does marginal benefit impact consumers choices?
It increases their willingness to pay for one more unit of a good.
What is the socioeconomic model of social responsibility?
the concept that business should emphasize not only profits but also the impact of its decisions on society
What is socioeconomic model of social responsibility?
the concept that business should emphasize not only profits but also the impact of its decisions on society
What the impact of the economy in a business?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
What do business economists do?
Business economists perform such tasks as forecasting the business environment, interpreting the impact of public/governmental policy on the firm, and collecting and processing data. They also supply information to management that affects decisions
What impact does the length of time a company has been in business impact the decision to produce a product in the short run?
for they have been a company for long and have customers they are expected to have the best thus can not make rush decisions
What do you think Susan kerslake purpose for writing the story choices?
Susan Kerslake wrote the story "Choices" to explore themes of identity, agency, and the consequences of our decisions. The story delves into how the choices we make shape our lives and impact those around us, highlighting the complexities of human relationships and the intricacies of personal growth.
What is the Summary of the poem The Choice?
"The Choice" is a poem that explores the idea of making difficult decisions in life. It highlights the concept of facing two paths and choosing which one to take. The poem emphasizes the impact of decisions on one's future and the importance of taking responsibility for the choices made.
How does scarcity impact personal financial decisions making?
Consumers must make trade-offs to buy what they need. Scarcity happens when the needs and wants of the people exceed available resources (land, labor and capital). It happens in every economy. As a result, people make trade-offs to get what they need. Consumers make decisions to give up one want/need to satisfy another.
