Kowalski's Markets Expanded in 2002 by Purchasing Four Existing Stores

question 53

Multiple Choice

Kowalski's Markets expanded in 2002 by purchasing four existing stores.One of the stores was located in a lower-class community unlike the business's typical upscale-customer demographic.Rather than sell the property,the owners decided to provide a neighbourhood grocery store to that community.What did Kowalski's Markets exercise?

• A) equitable responsibility
• B) fiscal responsibility
• C) organizational responsibility
• D) social responsibility

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Definitions:

Quantity Supplied

Quantity supplied is the amount of a good or service that producers are willing and able to sell at a certain price over a given period.

Price

The cost of buying a good or service, influenced by different elements like supply and demand dynamics.

Rises

An increase, typically referring to prices, quantities, or levels in an economic context.

Immediate Market Period

The length of time during which the producers of a product are unable to change the quantity supplied in response to a change in price and in which there is a perfectly inelastic supply.