A Company Is Either a Service Company,a Merchandising Company,or a Manufacturer,but

question 54

True/False

A company is either a service company,a merchandising company,or a manufacturer,but cannot be more than one of these.

---

Definitions:

Elastic

Describes a situation where the demand for a product or service significantly changes in response to price changes.

Inelastic

A characteristic of demand or supply where the quantity demanded or supplied changes by a smaller percentage than changes in the price.

Exhaustive Governmental Outlay

Government spending that directly utilizes resources for providing goods and services, distinct from transfer payments like subsidies and social benefits.

Subsidy Check

Financial assistance given by the government to individuals, businesses, or institutions to support or promote economic activities.