Define demand - Study guides, Class notes & Summaries

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? The new force view Economic gains come from international trade because one country's exported goods, services or other items are unique, valuable, and difficult to duplicate to importing country Resource-based view What is the aggregation of importing and exporting that leads to the country-level trade surplus o...

CISR - Elements of Risk Management Exam Questions With Verified Answers A ____ is a cause of loss - answerperil A situation, behavior, or condition that may lead to adverse financial consequences - answerexposure A cyberattack is an example of a ____ - answerperil An Insured who shows no regard for his insured property demonstrates a - answermorale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall - answerhazard A p...

define demand correct answers the amount of a good or service consumers are willing and able to purchase at each price demand is based on correct answers needs, wants, ability to pay effective demand correct answers The desire for a good or service backed by an ability to pay define price correct answers what a buyer pays for a unit of the specific good or service define quantity demanded correct answers the total number of units that consumers would purchase at that price relatio...

Define elasticity: Correct Answer-A dimensionless measure of sensitivity or responsiveness. EX: How responsive is the quantity of oil demanded to a change in the price of oil? Define the price elasticity of demand: Correct Answer-A measure of the responsiveness of quantity demanded to a change in price. More responsive equals more elastic. Price elasticity of demand = percentage change in quantity demanded / percentage change in price. Define the price elasticity of supply: Correct Answ...

Define forecasting and the goals of forecasting. correct answers Forecasting provides an estimate of future demand Goal: minimize forecast error and match supply and demand - Identify factors that influence demand - Companies must accurately forecast demand to produce & deliver the right quantities List the benefits of improved forecasts. correct answers Improved forecasts benefits all trading partners with: -lower inventories -reduced stock-outs -smoother production plans -reduced c...

Valuation process A systematic procedure used in the valuation of real property. Steps: 1: Define the problem 2:Determine scope of work 3:Gather, record, and verify the data 4:Determine the highest and best use 5:Estimate the land value 6:Estimate value by each of the three approaches (if applicable) 7:Reconcile the estimated values into the final opinion of value 8:Report the final opinion of value Client The party or parties who engage, by employment or contra...

1. What is the system operating in most states that removes juvenile status offenders and delinquents from the jurisdiction of the courts when possible? a. b. c. d. ANSWER: POINTS: REFERENCES: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: KEYWORDS: DATE CREATED: DATE MODIFIED: Plea Bargaining Charge Bargaining Diversion Parole 2. What city, in 1985, hosted its first citizen police academy? a. b. c. d. ANSWER: POINTS: REFERENCES: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVE...

Final Exam: NU661/ NU 661 (Latest 2024/ 2025 Update) Primary Care of Childbearing Woman Review| Qs & As | Grade A| 100% Correct (Verified Answers)- Regis Q: risk factors for preterm birth Answer: lack of prenatal care, maternal low socioeconomic status, poor nutrition, smoking/drug use, prom, LEEP, IVF, short cervical length Q: how to prevent preterm birth Answer: cerclage if needed, space out pregnancies over 18 months, progesterone Q: how to determine if someone is...

IAAO 300: Complete Course Review Questions and Answers 100% Pass What is the main difference between single property appraisal and mass appraisal? 1. Group vs Particular 2. Mass Appraisal emphasizes standardized and statistical quality control features In the Appraisal Process, "Define the valuation problem" does not include which of the following: a. Define the Value to be developed b. Identify limiting conditions or limitations c. Date of the value d. Competitive properties e. Identify...

MKT 320F Latest Update with Verified Solutions What is "market cannibalization"? Market cannibalization occurs when a new product or service introduced by a company eats into the sales of its existing products or services. Define "user-generated content" (UGC). User-generated content (UGC) refers to any form of content, such as reviews, posts, or images, created by consumers about a brand or product, rather than by the brand itself. What does "brand personality" mean? ...