The puppy mill that was shut down is not an example of scarcity. Scarcity means "lacking" whether of time, money, or resources. The puppy mill doesn't create scarcity, in fact it created a surplus of dogs available for adoption. So the answer is B.
b. developed
c. underdeveloped
d. least developed
Product differentiation is separating or distinguishing a product from all others and making it more attractive to a specific target market. The firm will have a competitive advantage over its rivals. This will satisfy a specific type of customer requirements. This will be an added value to customer because the product is packaged according to the target market’s requirements.
earn a profit
just cover your costs
An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department
Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.
They also promote by giving certain discounts and offers during vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.
Answer:
Since the price of shoes is lower than equilibrium price, at $50 there is a demand surplus because consumers would be willing to pay more for the shoes. That demand surplus will result in an excess demand, that is why consumers are willing to buy 1,000 pairs of shoes but since the price is too low, suppliers will only sell 500 pairs.
Answer:
The correct answer is: Sole Proprietorship.
Explanation:
A Sole Proprietorship is the type of business where there is a single owner who is the same individual in charge of the operations and is fully liable for debt and responsibilities derived from the business transactions. Sole proprietorships are not considered entities in the U.S. and because they have few regulations to cover they are easy to form and dismantle.