Which of the Following Is a Problem with the Price

question 92

Multiple Choice

Which of the following is a problem with the price system that can lead to fluctuations in output?

• A) The price system works silently in the background.
• B) Prices can be slow to adjust.
• C) Prices may be flexible.
• D) all of the above

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Definitions:

Design Strategy

A plan that outlines how design will be used as a tool to achieve business objectives and solve problems.

Psychological Contract

represents the unwritten, implicit expectations and agreements between an employee and employer about their mutual obligations, including job security, loyalty, and work conditions.

Contributions

Inputs or additions made by an individual or group towards achieving a goal or completing a project.

Organisation

A systematic arrangement of people and resources managed to achieve a shared goal or set of goals within a certain context.