Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the environmental issue you chose affects the relationship between business and factor market.
What will be an ideal response?
Answer: Factor market contains labor, capital, land and entrepreneurship. Business--look to cut corners on costs and pollute environment (land), for their employees (labor) possible disease, and possible, future capital investment may be cleaner factory.
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When completing a persuasive message, which of the following helps determine the distribution process?
A) Design elements B) Social media C) Location of audience D) Distribution method of competitors E) Audience expectation and your purpose
In a contract between Samsung and Best Buy for the purchase of 5,000 television sets, it stated that the laws of Korea would apply if there are any legal disputes. This is an example of a
A) governing law clause B) venue clause C) arbitration clause D) an entire agreement clause E) liquidated damages clause