Answer: every economic decision has moral consequence..
Economic decisions are those decisions in which people (or families or countries) have to choose what to do in a condition of scarcity. Scarcity occurs because people have unlimited wants but only have limited resources with which to fulfill these wants. ... An individual person has to make economic decisions.
Explanation:
Economists generally recognize three distinct types of economic system. These are 1) command economies; 2) market economies and 3) traditional economies. Each of these kinds of economies answers the three basic economic questions (What to produce, how to produce it, for whom to produce it) in different ways.
This may be true or false depending on the situation.
Explanation:
If countering in the inflation, banks were giving negative values all the time to their consumers they would not survive in the game.
But this is not to say this is not a practice that has been done to the unsuspecting people who have wanted to invest money.
They are being given policies and rates that after countering inflation are actually in loss for them as they do not grow as much as the money would have devalued by then.
This is however quite rare and is a malpractice.
Answer:
True
Explanation:
I don't know why this is the answer, but i put true as my answer and it was correct.
Which type of utility can only be added by the maker of the product? A. Place utility B. Possession utility C. Form utility D. Time utility
Answer:
Form utility can only be added by the maker of the product.
C. Form utility
Explanation:
Form utility includes preparing an item for utilization by changing over it to a structure that is more useful to customers than the crude materials used to make it. Form utility is the worth a purchaser finds in a completed item. Shoppers buy things, for example, furniture, gadgets or vehicles to a limited extent in light of the fact that the buyer is unequipped for finding and assembling all the parts to make the item.
Therefore selling a Latte as opposed to selling the material expected to make a latte is one case of a structure utility. There are four kinds of utility: structure, spot, time and ownership; together, they help to make consumer loyalty.
The type of utility that can only be added by the maker of the product is known as "Form Utility." This refers to the process of converting raw materials into finished products that are more valuable and useful to consumers.
Form utility refers to the value added to a product or service by changing its physical or conceptual form in a way that makes it more useful or desirable to customers. This can involve designing, assembling, or transforming raw materials into finished goods. Examples include manufacturing, packaging, and customization.
Form utility can only be added by the maker of the product because it requires direct control over the production process and the physical attributes of the product. Other types of utility, such as time utility (making products available when customers need them), place utility (making products available where customers need them), and possession utility (helping customers take ownership of products), can involve various parties along the supply chain, including distributors, retailers, and customers themselves.
In contrast, form utility is directly tied to the production process and the design decisions made by the product's creator or manufacturer. They determine how the product is made, what materials are used, and how it is shaped or structured to meet customers' needs and preferences. As a result, form utility is unique in that it requires the involvement of the product's maker to create and enhance the value of the product.
To know more about "Form Utility":
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The complete Question is,
Which type of utility can only be added by the maker of the product? A. Place utility B. Possession utility C. Form utility D. Time utility
True
False
Answer: True
Explanation: