Question

Match each economic concept with the scenarios that illustrates it. Tiles consumer sovereignty total cost of ownership incorporation Pairs Hillary needs to buy an oven for her bakery. She compares the prices, maintenance costs, and power consumption of three ovens. She compares the loan terms offered on them. Finally, she settles for the one that will offer the best value for the money in the long run. arrowBoth Ramona International wants to raise about $20 million. It sells shares of company stock in the stock market and brings many new shareholders onboard. arrowBoth Maxima and Hercules are rival companies that make protein shakes. People love Maxima protein shakes because they are delicious and packaged attractively. Hercules protein shakes fail to impress most people. Soon, Hercules has to cut production of its protein shakes and focus on other products.

Answer 1

The correct answer for this question is this one:

incorporation

Hillary needs to buy an oven for her bakery. She compares the prices, maintenance costs, and power consumption of three ovens. She compares the loan terms offered on them. Finally, she settles for the one that will offer the best value for the money in the long run.

consumer sovereignty

Ramona International wants to raise about $20 million. It sells shares of company stock in the stock market and brings many new shareholders onboard.

total cost of ownership

Maxima and Hercules are rival companies that make protein shakes. People love Maxima protein shakes because they are delicious and packaged attractively. Hercules protein shakes fail to impress most people. Soon, Hercules has to cut production of its protein shakes and focus on other products.

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Answer 2

incorporationHillary needs to buy an oven for her bakery. She compares the prices, maintenance costs, and power consumption of three ovens. She compares the loan terms offered on them. Finally, she settles for the one that will offer the best value for the money in the long run.
consumer sovereigntyRamona International wants to raise about $20 million. It sells shares of company stock in the stock market and brings many new shareholders onboard.
total cost of ownershipMaxima and Hercules are rival companies that make protein shakes. People love Maxima protein shakes because they are delicious and packaged attractively. Hercules protein shakes fail to impress most people. Soon, Hercules has to cut production of its protein shakes and focus on other products.