Which of the Following Is an Example of a Company

question 122

Multiple Choice

Which of the following is an example of a company creating a "need" for their product?

• A) Charmin maintaining the same production in toilet paper
• B) Ford creating a new vehicle that allows you to open the tailgate with your foot
• C) Whirlpool offering a sale
• D) McDonalds selling Coke Zero

Evaluate the effects of entry and exit of firms in a perfectly competitive market on economic profits and resource allocation.

Understand the implication of limited resources on market supply and firm profitability.

Grasp the long-run adjustments of firms to changes in demand, supply, and cost conditions.

Understand the concept of market equilibrium and how it is represented graphically.

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Definitions:

Safe Working Conditions

The provision of a work environment that is free from recognized hazards that could cause death or serious physical harm to employees.

Duty Of An Agent

The responsibilities and obligations that an agent has towards their principal, including acting in the principal's best interest.

Principal

In finance, refers to the original sum of money borrowed in a loan, or invested, separate from interest or profit.

Corresponding Right

A right that matches or is equivalent to an obligation, duty, or entitlement in a jurisprudential context.