H&R Block Opens Many Offices Around the Country to Accommodate

question 27

Multiple Choice

H&R Block opens many offices around the country to accommodate the tax season.The company has the ability to piece together new offices,expand existing offices or alter the design for a unique space in a matter of hours.This ability is an example of which of the following objectives?

• A) To positively influence consumer behaviour
• B) To be flexible
• C) To consider cost versus value
• D) To offer services at a moment's notice
• E) To be consistent with their image and strategy

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Definitions:

Normal Good

A category of product that sees a rise in demand as the consumer's income grows, indicating a direct correlation between income levels and demand.

Backward-Bending

Refers to the backward-bending supply curve of labor, indicating that beyond a certain wage level, labor supply decreases as income and substitution effects impact workers' willingness to work.

Endowed

Provided or supplied with a particular talent, quality, or asset.

Budget Line

A graphical depiction of all possible combinations of goods that can be purchased with a given budget at specific prices.