Question

Match each economic concept with the scenarios that illustrates it.

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

Post Test: Free Market and Businesses

Unit: 2

Economics

question #8

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This is 100% correct because I took the test

Go to the explanation to see the answers in the picture

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Step-by-step explanation:

Here's the picture and I hope this helped!

Have a nice day and pass that test!

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... A few moments of confusion later before finding out my computer is being weird...

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I'm so sorry, I won't be able to put the picture but i'm still putting the answers regardless..

Answers fr this time:

1. 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.

• total cost of ownership

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

• incorporation

3. 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.

• consumer sovereignty

Answer 2

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.


Hope this helps answer your question and have a nice day ahead.