Simpson's Lawn Services Decides to Offer Two Free Mowing Services

question 6

Multiple Choice

Simpson's Lawn Services decides to offer two free mowing services for all customers who booked garden landscaping in the fall.Which of the following forces is Simpson's Lawn Services addressing?

• A)the control exercised by Acme Corp. ,who supplies Simpson's with lawn mowers
• B)the power held by the landlord of the Simpson's office space
• C)the threat posed by Roger's Landscapes,a new competitor
• D)the bargaining power of the City Football Club who are Simpson's customers

---

Definitions:

Friedman And Phelps

Economists who contributed to the understanding of the relationship between inflation and unemployment, challenging the Phillips Curve concept.

Expected Change

Anticipated variation in a condition or value, often used in the context of economic indicators or market trends.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Natural Rate

The level of economic activity at which there is no cyclical unemployment; often refers to the natural rate of unemployment where the labor market is in equilibrium.