How can price be best determined?
What will be an ideal response?
Answer: The demand and supply schedule can be used to construct demand and supply curves. A demand curve shows how many products will be demanded at different prices. A supply curve shows how many of the items will be supplied at different prices. Demand increases as price decreases; supply increases as price increases. When demand and supply curves are plotted on the same graph, the point at which they intersect is the market price (also called the equilibrium price), the price at which the quantity of goods demanded and the quantity of goods supplied are equal.
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A) are oriented to facilitating organizational tasks and solving business problems. B) work with existing DBMS. C) are able to provide optimum hardware and software efficiency. D) are capable of storing much more data than they need. E) have an easy-to-learn interface.
Research suggests that boards of directors tend to look outside the firm for the next CEO under which following circumstance?
A) when the company is prosperous B) when the company is having temporary difficulty C) when the company is in trouble D) when the company needs to follow a stability strategy E) when the company needs to expand in order to continue growing