Explain how fluctuating demand impacts business markets differently from consumer markets
What will be an ideal response?
The demand for business goods and services tends to be more volatile than the demand for consumer goods and services. A given percentage increase in consumer demand can lead to a much larger percentage increase in the demand for plant and equipment necessary to produce additional output. Economists refer to this as the acceleration effect.
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Which of the following is a distinguishing characteristic of an MPR event?
A) A firm attempts to interact with event participants. B) Proceeds of the event are donated to charitable groups. C) A firm places its logo in prominent locations at the event. D) A third-party event planner organizes the event's activities. E) An organization provides money to cover event costs.
The process of liquidating a partnership's assets and distributing the proceeds to satisfy claims against the partnership is known as winding up
Indicate whether the statement is true or false