How does consumer income affect the demand for normal and inferior goods?

Answers

Answer 1
Answer:

Answer:

to answer this, we have to first understand the meaning of normal and inferior goods. normal goods are goods which demand rises as consumers income rises while inferior goods are the opposite of normal goods because the demand for them increase as the consumers income drops. so when a consumers income drops his demand for inferior goods tends to rise while that or normal goods drop and vice versa


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HELP Question 3: To determine gross profit, A:subtract the cost of goods sold from sales. B: divide the net profit by total sales.
C: divide the selling price by the cost to produce.
D: subtract all indirect costs from total sales.

Answers

Answer:

A

Explanation:

Gross profit = total sales - total cost of sales

Answer:

A.) Subtract the cost of goods sold from sales

Explanation:

Annual sales are A. An average of quarterly sales
B. A projection of quarterly sales
C. A Total of quarterly sales
D. Sales above and beyond any quarterly sales

(I think the answer is D)

Answers

I believe the correct answer is C!

Final answer:

The correct answer is C. A Total of quarterly sales. Annual sales are the total amount of sales made in a year.

Explanation:

The correct answer is C. A Total of quarterly sales.

Annual sales are the total amount of sales made in a year. It is the sum of the sales made in each quarter of the year.

For example, if a company makes $1,000 in the first quarter, $2,000 in the second quarter, $1,500 in the third quarter, and $2,500 in the fourth quarter, then the annual sales would be $1,000 + $2,000 + $1,500 + $2,500 = $7,000.

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How rich is Donald Trump and I need to know the list of richest people in the whole world

Answers

Donald Trump estimates his net worth at $10 billion. But in June 2014, in a brief financial statement, he claimed to be worth $8 billion.[1] In June 2015, this spiked to $10 billion.
1. famous people,
2. my uncles family mo.
3. the President.
4. ummmmm,....I have now Idea. \
Hope this helped????!!!!!!
Have a nice/lovely day!!
This is a list of the top ten richest people in the world.
Bill Gates $87.4 billion
Amancio Ortega $66.8 Billion
Warren Buffett $60.7 Billion
Jeff Bezos $56.6 Billion
David Koch $47.4 Billion
Charles Koch $46.8 Billion
Larry Ellison $45.3 Billion
Mark Zuckerberg $42.8 Billion
Michael Bloomberg $42.1 Billion
Ingvar Kamprad $39.3 Billion

Here is Donald Trumps net-worth 
$4 Billion

What is a cvv on a credit card

Answers

Answer:

credit verification

Explanation:

Answer:

credit verfication number

Explanation:

20 points!Articles of partnership:

a) are required to form a partnership by federal law.

b) are a formal written agreement that states the partners' relationship.

c) may be an oral agreement.

d) Both b and c

Answers

answer A are required to form a partnership by federal law

Name the parameter of the marketing mix based on the following scenario. Seiko is one of the most renowned watch manufacturing companies in the world. Their signature quartz innovation makes their watches very accurate. Caliber 9F is supposed to be the newest and the best invention by Seiko so far. The marketing parameter that comes into play here is__________.

Answers

Final answer:

The marketing parameter related to Seiko's situation is 'Product'. This term refers to the goods or services that a company offers to its target market, encompassing features, quality, design, variety, and innovation.

Explanation:

The marketing parameter that comes into play in this scenario is Product. The 'Product' parameter in the Marketing Mix refers to goods or services a company offers to the target market. Here, the company, Seiko, is focusing on the distinct feature of accuracy and the innovative aspects of its product, the Caliber 9F watch, a signature quartz innovation. Features, quality, design, variety, and the innovative aspects of a company's offering all fall under this crucial aspect of the Marketing Mix.

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