The Aggregate Demand Curve shows that the relationship between the price and level and quantity of real gdp demanded.
The aggregate demand curve is a graphical representation of the relationship between the aggregate quantity of goods and services demanded in an economy and the overall price level. It is an economic tool used to analyze macroeconomic conditions and to evaluate the effects of fiscal and monetary policies on the economy. In the aggregate demand curve, the quantity of output demanded increases as the price level decreases. This inverse relationship is known as the law of demand. As the price level rises, the quantity of output demanded decreases. The downward slope of the aggregate demand curve is a result of the law of diminishing marginal utility.
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the price at which an option may be exercised is called the question content area bottom part 1 a. fixed price b. strike price
The price at which an option may be exercised is called the question content area bottom part the correct option is fixed price.
The starting price is the price at which an asset trades when the market position opens, which is normally at the start of the day. This price is not fixed, thus it might change on different days. The spot price and market price, respectively, are the prices that are currently ruling the market.
This is the current market price at which the asset may be sold or purchased. The price at which an investor can take action and submit a claim at any time when their position in the market enables them to profit is known as the exercise price. This is the price of the underlying contract.
complete question:
the price at which an option may be exercised is called the question content area bottom part 1
a. fixed price
b. strike price
c. exercise price.
d. opening price
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the market for fertilizer is perfectly competitive. firms in the market are producing output but are currently incurring economic losses. a. how does the price of fertilizer compare to the average total cost, the average variable cost, and the marginal cost of producing fertili
A perfectly competitive (PC) firm that sells fertiliser may experience financial loss in the short term. In this case, the cost of fertiliser would be more high than the average variable cost (AVC). Nevertheless, it will still be less than the average total cost (AC) and marginal cost (MC).
A market or industry condition where a large number of businesses compete with similarly defined products is referred to as perfect competition.
The enterprises in this sort of market institution can only sell a small portion of the industry output since the number of consumers is so great. Both entering and leaving is free and simple. Perfect competition, though, is uncommon in real-world competition.
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the revenue a property is expected to generate after adjusting for operating expenses but before providing for debt service or income tax consequences is:'
The revenue a property is expected to have after adjusting for operating expenses but before providing for debt service or income tax consequences is net operating income.
Real estate assets that generate money are evaluated for profitability using a metric known as net operating income (NOI). NOI is calculated as total property income less all regarded reasonable operating expenses.
NOI is a before-tax figure that does not take into account loan principal and interest payments, capital expenses, depreciation, or amortization on a property's income and cash flow statement. The calculation above indicates that the bulk of NOI is comprised of total revenues and total operating expenses. The entire earnings from a piece of real estate comprise all sources of income, not only rent.
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the kinds of products being sold and the availability of public transportation are both factors that influence a retailer's decision about a. store atmosphere. b. retail positioning. c. the wheel of retailing. d. store image. e. location.
The kinds of products being sold, and availability of public transportation are both factors that influence retailer's decision about location.
What is a product?A product is anything that can be sold to a market to fulfill a customer's need or desire. An item, system, or service made available for customer use in response to consumer demand is referred to as a product in marketing. Products are sometimes known as merchandise in the retail industry and are bought as raw materials before being sold as finished goods in the manufacturing industry. Services fall under a separate category from goods. In project management, "products" are the explicitly specified project deliverables that either completely or partially accomplish the project's goals. Similar to byproducts, sub-products are production process byproducts that are nonetheless valuable.
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according to the art of startups by bhide, successful bootstrappers focus their strategic vision on:
According to the art of startups by Bhide, successful bootstrappers focus their strategic vision on cash.
Bootstrapping is the practice of starting businesses on a shoestring budget. The average start-up capital of the businesses whose founders were contacted was roughly $10,000. More significantly, less than 5% of them raised equity for continuing financing in the next five years after beginning, with the majority relying on debt or retained earnings.
Bootstrapping has the same benefits of zero inventory in a just-in-time system: it exposes underlying issues and compels the business to find solutions. If the business had millions of dollars, it would be simple to blow this all up without ever tackling the underlying issues.
Additionally, investors want to see profits right away, and it is more difficult to adopt the "try it, fix it" philosophy necessary in the uncertain circumstances where start-ups thrive. Failure to accomplish initial targets is a poor indicator of future prospects. There may be pressure from outside investors to continue with unworkable strategies.
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marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of birmingham bonds. using the u.s. tax rate schedule for year 2022, what is his effective tax rate? (use tax rate schedule.)
Marc's effective tax rate will be 17.95%.
Using a rate sheet known as a tax schedule, individual or corporate taxpayers can calculate their expected tax liabilities.
17.95% = 10,771.25/60,000
The schedule lists tax rates for various taxable income thresholds as well as for various taxable situations. The rate schedule and tax rate schedule are other names for the tax schedule. There are seven federal tax brackets for the 2022 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
The tax rate you will pay on each component of your income is displayed in tax brackets. For instance, the first $10,275 of your income in 2022 will be subject to the lowest tax rate of 10% if you are single. The subsequent portion of your income is taxed at 12%, and so on until the maximum.
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question content area top part 1 the personal distribution of income in the united states shows that question content area bottom part 1 a. the poorest 20 percent of individuals receive approximately 20 percent of total income. b. the richest 20 percent of individuals receive approximately 50 percent of total income. c. income is equally distributed. d. the richest 20 percent of individuals receive approximately 25 percent of total income. e. the poorest 60 percent of individuals receive approximately 50 percent of total income.
Option A is correct answer. The poorest 20 percentage of folks acquire about 20 percentage of total income.
“Personal distribution (or: the 'size distribution of income') relates to man or woman men and women and their incomes. The way in which that earnings was once received frequently stays in the background. What matters is how lots any one earns, no longer so an awful lot whether that profits consists of wage, interest, profit, pension or whatever.
How do you calculate private distribution of income?One common way of measuring earnings inequality is to rank all households with the aid of income, from lowest to highest, and then to divide all households into 5 businesses with equal numbers of people, recognised as quintiles. This calculation permits for measuring the distribution of income amongst the 5 corporations compared to the total.
When people say things such as “the prosperous get richer, and the poor get poorer,” they are referring to distribution of income.
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https://brainly.com/question/8325317#SPJ4when sold a property that had been on the market for a considerable length of time, gave her a commission bonus. what type of power was using?
When sold a property that had been on the market for a considerable length of time, gave her a commission bonus, the type of power used here is reward.
What would you say is a market?A market is defined as the total number of purchasers and sellers in the region or area under examination. The region can represent the entire planet, as well as certain states, provinces, or cities. Items traded are valued, costed, and priced in accordance with market forces of supply and demand.
What dominates the market?When a firm or investor outperforms the industry average, they are said to be "beating the market." A market participant who manages an investment portfolio may have managed a return over a set time period, such as a year, that is higher than the returns of a market benchmark like the S&P 500.
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christopher reached his sales goal for the first quarter of the year and earned a bonus. what john experienced was .
Christopher reached his sales goal for the first quarter of the year and earned a bonus. John experienced Positive Reinforcement.
Positive reinforcement happens when a suited event or stimulus is presented as a result of conduct and the chance that this behavior will take place in similar environments will increase.
Instance: on every occasion, a rat presses a button, and it receives a treat. If the rat starts off evolved pressing the button more frequently, the treat serves to definitely support this conduct. Example: A father gives sweets to his daughter while she tidies up her toys. If the frequency of choosing up the toys will increase, the sweet is a positive reinforcer (to enhance the behavior of cleaning up).
Instance: A business enterprise enacts a rewards application wherein personnel earn prizes depending on the range of gadgets sold. The prizes the personnel receive are superb reinforcement if they boom sales. Example: A teacher praises his pupil when he receives a great grade. The reward the scholar gets is positive reinforcement in case the student's grades enhance.
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giso applies for a job with a company with 30 employees. the employer does not hire him because of his ethnicity, or national origin. this is
The employer does not hire him because of his ethnicity, or national origin this is called Disparate Treatment Discrimination.
Discrimination is the unfair treatment of people and groups based on points such as race, gender, age, or sexual orientation. Disparate Treatment Discrimination in simple terms is illegal employment discrimination.
In other words, the employee must show that he or she was treated differently than other employees who don't share the same characteristic. During court hearings, the arguments are usually over how similarly the other employees were compared and whether the employer's decision was made because of the employee's protected characteristic or for other reasons.
We see this a lot mainly in foreign countries, sometimes people get rejected for a job just because they are from a particular country or a gender.
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what asset (skillset) is needed most as planners seek to gather useful strategic marketing knowledge and to exploit the resulting insights?
As planners look to collect practical strategic marketing information and utilize the resultant insights, focus asset is most necessary.
Anything a company does to market its goods, services, or brand is referred to as a marketing asset. Some of the most common materials made available to external clients are emails, datasheets, brochures, presentations, websites, sales letters, blog posts, videos, and photographs.
Businesses of all sizes and in all sectors can easily maintain track of their assets, whether they are liquid or fixed, with the help of asset management. Employees will be aware of the assets' location, intended usage, and status of any modifications. Additionally, this greatly improves the check-in and check-out procedure.
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for music produced for commercials, what party is responsible for filing work reports with labor unions and coordinating with a third-party payroll service?
For the music produced for commercials, an Advertising agency is responsible for filing work reports
Advertising is a promotional activity that aims to sell products or services to the audience. Advertising agencies are responsible for initiating, managing, and implementing paid marketing communications.
The role of Advertising Agencies includes:
(a) Creating an advertisement based on information gathered about the product
(b) Researching the company and the product and reactions of the customers.
(c) Planning for the type of media to be used, when and where to be used, and for how much time to be used.
(d) Taking the feedback from the clients as well as the customers and then deciding the further line of action.
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norm and quinn have been arguing over role responsibilities. the atmosphere in their small office is increasingly negative and tense. petra, a manager from another department, informally urges them to deal directly with each other in a positive and constructive manner. this easy form of adr is
Norm and Quinn have been arguing over role responsibilities. The atmosphere in their small office is increasingly negative and tense. Petra, a manager from another department, informally urges them to deal directly with each other positively and constructively. This easy form of ADR is facilitation.
Facilitation is a type of alternate dispute resolution (ADR). Alternate dispute resolution allows the dispute to be solved without any legal intervention. There are four types of alternate dispute resolution, namely, facilitation, meditation, arbitration, and early neutral evaluation.
Facilitation involves a third party solving the dispute, completing a task, or finalizing an agreement between the arguing parties. The third-party facilitates the process without telling what to do. The facilitator gives various perspectives on a problem to make a clear decision. Petra is acting as a facilitator here.
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A retailer marks up the price of a coffee mug from $6.25 to $8.77. by what percent did the price increase? round to two decimal places.a.28.73%b.39.68%c.40.32%d.45.97%
The percentage increase in price is 40.32% increase, hence option C is correct.
What is the percentage increase?Mathematically, it is the ratio of the difference between the final price with the old price to the old price
Percentage increase = (New price - Old price)/ Old price *100
From the example
Old price = $6.25
New price = $8.77
Percentage increase = (8.77 - 6.25 )/ 6.25 *100
Percentage increase = (2.52 )/ 6.25 *100
Percentage increase =0.4032 *100
Percentage increase =40.32%
hence the answer is 40.32%
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Consider two independent firms, bu1 and bu2, which initially transact with each other through spot market transactions in a competitive market. In a typical year, bu1 incurs total costs of $2 million in producing goods that bu2 buys. Bu2 would be willing to pay $7. 5 million for these goods. The two businesses then decide to enter into an exclusive long-term contract. Due to lower sales and marketing expenses, the total costs incurred by bu1 under the long-term contract fall to $1. 5 million. The better product quality resulting from closer cooperation between the two businesses increases the amount bu2 is willing to pay to $9 million. What is the synergy created by the exclusive long-term contract?.
According to the information provided, BU1 has earned $3 million from these deals.
What is a private company?A reputable law or accounting firm is referred to as an independent firm; however, this phrase does not include any accounting firms that currently perform or have previously performed audit services with regard to Distributing or Controlled.
The worth that the seller has realized (BU1)Seller value is equal to BU1's asking price less the price at which he sold.
Calculation:Value BU1 is prepared to sell for $5 million.
At $2 million, he sold for,
Let's enter the formula.
Selling price: $5 million minus $2 million
Value at sale: $3 million
Inconclusion $3 million is the value that BU1 has gained from these deals.
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you really want to buy a new home theater system, but your credit cards are maxed out and the rent is due next week. which type of stressor is this?
You really want to get a new home cinema system, but you have maxed out your credit cards and your rent is due the next week.
What stressors means?An event, force, or circumstance that causes mental or physical stress is referred to as a stressor. Stressors can be internal or external influences that push the affected person to make adjustments or find coping mechanisms. something that results in tension or strain. The difficulties of daily life are referred to as "daily stresses," and they include both expected difficulties like caring for a child or traveling back and forth from work to home and unexpected difficulties like a broken home appliance, an unforeseen job deadline, or a traffic jam.
How do you identify stressors?Be mindful of any thought patterns or routines of behavior that feel time-consuming or bothersome throughout the day (such as generalizing, comparing, placing conditions, projecting, self-diminishing, or defending). Put these in a journal (or your journal if you have one). An emotion or bodily tension is referred to as stress. It can be brought on by anything that makes you angry, frustrated, or uneasy in your experiences or thoughts. A challenge and demand causes your body to experience stress. When it serves to keep you safe or help you accomplish a deadline, stress can be beneficial in short spurts.
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deciding if a company will produce automobiles by robotics or manual labor answers the economic question of
Deciding if a company will produce automobiles by manual labor or with the use of robots answers the economic question of: How will we produce it?
Economics is the look at of shortage and its implications for using sources, production of goods and services, boom of production and welfare over the years, and a notable sort of other complicated troubles of important concern to society. while Corn crop manufacturing will increase the farmers decrease the fee of the crop if they want to sell off their produce. If the supply is too excessive then the demand i.e. the amount of corn had to feed the human beings of the country, the produce had to be wasted and farmers lose their cost of production.
A financial system includes clients who purchase products and services, businesses that appoint customers and make goods, and the government at diverse levels who both purchase products, appoint labor and levy taxes. Their collective interactions create a simplified economy.
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monthly delivery rate for a part supplied to an automotive assembly plant is 15,000 pc. there are 20 working days in february and 22 working days in march. the effective operating time of the plant is 880 min per day (two shifts). the fraction defect rate for the component is 0.020, and the automated machine that produces the part has an availability of 95%. determine the takt time for this part during (a) february and (b) march.
The takt time for this part after being calculated is 1.125 minutes.
Takt time is the rate at which a product must be completed in order to meet customer demand. It is derived from the German word "Takt," which means "beat" or "pulse" in music. Takt is an important measure of output against demand in manufacturing.
Takt Time is calculated by dividing Available Production Time by Customer Demand. Takt time is the amount of production time available to you to make each part in order to meet customer demand. To meet demand, for example, if you receive a new product order every 4 hours, your team must complete a product in 4 hours or less. Takt time is your sell rate and can be thought of as the heartbeat of your business.
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in the open-economy macroeconomic model, the key determinant of net capital outflow is the:_______
The real interest rate is a crucial factor in determining net capital outflow in the open-economy macroeconomic model.
Define real interest rate.Real interest rates are interest rates that have been adjusted to reflect inflation. Once updated, it now accurately depicts the borrower's true borrowing costs as well as the lender's or investment's actual yield. Real interest rates depict the rate at which current items are gradually preferred over future ones.
A country's net capital outflow, which occurs over a certain time period, is the total amount of money it invests abroad. A high NCO means that the country invests more outside than domestically.
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with subcontracting, a manufacturer can lose some control over what? check all that apply. multiple select question. price schedule inventory levels quality
With subcontracting, a manufacturer can lose some control over:
B. ScheduleE. QualityWhat does subcontract mean?A subcontractor, the person who is involved in subcontract is the individual or business that signs a contract to perform part or all of the obligations of another's contract.
The role of subcontractor is to execute the job they are hired by the contractor for. It is a specialized job such as electrical or HVAC and it is the subcontractor's responsibility to execute the work as instructed.
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In it firt year, "Abol Buna Company" had the following experience
Sale = 25,000 unit Selling price = Birr 100
TVC = Birr 1,500,000 TFC = Birr 350,000
Required:
Develop revenue, cot and profit function for the company in term of quantity. Find the Breakeven point in term of quantity
Convert the cot equation in term of quantity into a cot equation in term of revenue
Find the Breakeven revenue
If profit had been Birr 500,000 what would have been the ale volume (revenue) and the quantity of ale. What would be the profit if ale were Birr 2,000,000?
To develop the revenue function, we can use the information provided about the sale and the selling price. The revenue can be calculated as the product of the sale and the selling price.
In this case, the revenue function would be:
Revenue = Sale * Selling Price
= 25,000 * 100 Birr/unit
= 2,500,000 Birr
To develop the cost function, we can use the information provided about the total variable cost (TVC) and the total fixed cost (TFC). The cost function would be:
Cost = TVC + TFC
= 1,500,000 Birr + 350,000 Birr
= 1,850,000 Birr
To find the profit, we can subtract the cost from the revenue. The profit function would be:
Profit = Revenue - Cost
= 2,500,000 Birr - 1,850,000 Birr
= 650,000 Birr
To find the breakeven point in terms of quantity, we need to find the point at which the cost and the revenue are equal. This can be done by setting the profit function equal to zero and solving for the quantity.
Profit = 0 = Revenue - Cost
= 2,500,000 Birr - 1,850,000 Birr
= 650,000 Birr
At this point, the cost and the revenue are equal, so the breakeven point in terms of quantity is 25,000 units.
To convert the cost equation in terms of quantity into a cost equation in terms of revenue, we can use the revenue function to express the quantity in terms of revenue. The cost function would then be:
Cost = TVC + TFC
= 1,500,000 Birr + 350,000 Birr
= 1,850,000 Birr
To find the breakeven revenue, we can set the profit function equal to zero and solve for the revenue.
Profit = 0 = Revenue - Cost
= Revenue - (TVC + TFC)
= Revenue - 1,850,000 Birr
At this point, the cost and the revenue are equal, so the breakeven revenue is 1,850,000 Birr.
If the profit had been 500,000 Birr, we can use the profit function to solve for the sale and the revenue.
Profit = 500,000 Birr = Revenue - Cost
= Revenue - (TVC + TFC)
= Revenue - 1,850,000 Birr
Solving for the revenue, we get:
Revenue = Profit + Cost
= 500,000 Birr + 1,850,000 Birr
= 2,350,000 Birr
Then, using the revenue function to solve for the sale, we get:
Revenue = Sale * Selling Price
= 2,350,000 Birr / 100 Birr/unit
= 23,500 units
If the revenue had been 2,000,000 Birr, we can use the revenue function to solve for the sale and then use the profit function to solve for the profit.
Sale = Revenue / Selling Price
= 2,000,000 Birr / 100 Birr/unit
= 20,000 units
Profit = Revenue - Cost
= 2,000,000 Birr - (TVC + TFC)
= 2,000,000 Birr - 1,850,000 Birr
= 150,000 Birr
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select all of the following statements that are true four years from now, in the year 2025. a. the trift segment will demand 7.738 thousands unitsb. the core segment will demand 9.768 thousands unitsc. the nano segment will demand 5.402 thousands unitsd. the elite segment will demand 5.867 thousands units
The true statements are Option A (The Thrift segment will demand 7,738 thousand units) and Option B (The Core segment will demand 9,768 thousand units) are correct.
What is meant by Demand?
Demand is the number of items needed by individuals at a specific price. The demand in the market depends on many factors like the taste of the consumer, income level, and technology.
Here we need to identify the true statement for the four years from now, in the year 2025.
As we know that, the thrift segment is the sector which has a positive impact on society and the main objective is to help the society in many ways. So, thrift stores are very popular and have a good image in society, which creates more demand for these types of stores. And we also know that the donated items are sold mainly in these stores. So it is predicted four years before that thrift segment will be more in demand.
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a sudden storm threatens the property of marina bay llc. ngoc, marina bay’s sales agent, is on site but lacks the express or implied authority to bind the firm to the cost of appropriate protective measures. unable to communicate with marina bay, ngoca. has emergency powers to deal with the situationb. must await the principal’s express ratification to actc. an imply a power of attorney to assume the needed authority
The sales agent has emergency powers to deal with the situation.
The person in charge of settling disputes between a business and potential consumers is the sales agent. This is essential for promoting the brand's products through persuasion, negotiation, and communication strategies. An agent may be held liable for contract violations if they don't carry out their duties. Because there is no contract, a gratuitous agent can only be held liable for torts because there is no contract for them to be held accountable for.
In the given case, if a sudden storm threatens the company's property and the sales agent is the only professional there, he can act quickly to set up security measures to stop further damage to the site in circumstances similar to the one that occurred. He then has all the emergency powers to deal with the situation.
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suppose a monopolistically competitive firm sells 25 units at a price of $10. calculate its marginal revenue per unit of output if it sells 5 more units of output when it reduced its price to $9.
Suppose a monopolistically competitive firm sells 25 units at a price of $10. its marginal revenue per unit of output if it sells 5 more units of output is :$4.
How to find the marginal revenue?First step is to find the monopolistically competitive firm selling price
Selling price = 25 units ×$10
Selling price = $250
Second step is to find the selling price for additional more units
Selling price = (25 units+5 units) ×$9
Selling price = $30 ×$9
Selling price = $270
Third step is to find the decrease in price
Decrease in price = $270 - $250
Decrease in price = $20
Now let find the marginal revenue per unit of output
Marginal revenue = $20 /5 units of output
Marginal revenue = $4
Therefore the marginal revenue per unit of output is $4.
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Select the correct answer. which question is irrelevant when setting a financial goal?a. what do you want to accomplish? b. what is the timeline of your investment? c. how varied should your portfolio be?d. what do you want to do with your returns? e. how much do you want to invest?
The question that is irrelevant when setting a financial goal is c. how varied should your portfolio be?
What are financial goals ?Financial goals generally involve a specific action or outcome that you want to achieve, such as saving a certain amount of money, paying off debt, or investing in a specific asset. The variety of your portfolio, or the mix of different types of investments that you hold, is not directly related to the specific financial goal that you are trying to achieve.
To set a financial goal, it is important to consider questions such as what you want to accomplish, what the timeline is for your goal, and what you plan to do with any returns that you may receive. It is also important to consider how much money you are willing to invest or save in order to reach your goal.
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If animals have value only in so far as they are useful for humans, then they have only instrumental, not intrinsic, value.
A. True
B. False
Answer:
A. True is the correct answer.
Explanation:
if the short-run macroeconomic equilibrium occurs in the upward-sloping range of the short-run aggregate supply curve, then an increase in government spending will lead to:
Recession will result from an increase in government expenditure if the short-run macroeconomic equilibrium is within the upward-sloping region of the short-run aggregate supply curve.
Recessions are defined as severe, widespread, and sustained drops in economic activity. Although it is commonly agreed that two consecutive quarters of negative gross domestic product (GDP) growth signal a recession, many people employ more complex criteria to ascertain whether the economy is in a slump. Recessions, which are contractions of the business cycle in economics, occur when there is a general decline in economic activity. When consumer spending declines sharply across the board, recessions frequently begin. These include a financial crisis, a shock to international trade, a poor supply shock, the deflation of an economic bubble, or a large anthropogenic or natural calamity.
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true or false: an individual 401(k) is a popular retirement plan for sole proprietorships with several employees. true false question. true
The statement given is true. An individual 401(k) is a popular retirement plan for sole proprietorships with several employees.
What is the 401(k)?A 401(k) is a defined contribution plan where an employee can make contributions from his or her paycheck either before or after tax, depending on the options offered in the plan. The contributions go into a 401(k) account, with the employee often choosing the investments based on options provided under the plan.
With a 401(k), an employee sets a percentage of their income to be automatically taken out of each paycheck and invested in their account. For example, a 401(k) plan might provide that the employer will contribute 50 cents for each dollar which participating employees choose to defer under the plan.
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if marketable securities increase, then cash should usually decrease by a similar amount, since cash was probably used to purchase the securities. an exception to this occurs when:
If marketable securities increase, then cash should usually decrease by a similar amount, since cash was probably used to purchase the securities. An exception to this occurs when the company incurred debt or traded an asset for the securities.
Marketable securities are easily and affordably convertible into cash. They are highly liquid financial products. Marketable securities are liquid since they typically have maturities of less than one year and little impact on prices from the rates at at which they can be bought or sold.
These publicly traded stock exchanges and public bond exchanges are where these short-term liquid securities can be purchased or sold. These instruments, which can be either debt or equity, often mature in a year or less. Common stock, Treasury notes, and money market instruments are only a few examples of marketable securities.
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the decision making process that organizations use to establish the need for products and services and identify, evaluate, and choose among alternative brands and suppliers is referred to as
Organizational buying behavior is the decision-making process organizations use to establish a need for products and services and to identify,evaluate,and choose between alternative brands and suppliers.
When making a purchase decision on a product that the organization has purchased before, if an organization decides that it needs to change the specification.The business market consists of all organizations that purchase goods and services used in the production of other products or services that are sold,rented,or supplied to others.A buying center,also called a decision-making unit (DMU),brings together all members of an organization who are involved in the purchasing process for a particular product or service.A business is an organization that produces or sells goods or services to satisfy the needs,wants,and demands of consumers in order to make a profit,this is a business it produces a good for profit and satisfies the needs and wants of consumers.
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