Published on November 27, 2015
For more classes visit www.indigohelp.com 1) What are the component that makeup a business system? 2) Which terms refers to the total money or assets of a business? 3) Information Technology, e-commerce, human resource management, and procurement are included in what type of value chain function in a business? 4) Which of the following best describes a system through which goods or services are exchanged for capital with aim of making a profit? 5) Capital, land , enterprise, and labor are all costs associated with making and selling goods. What do they determine? 6) Enterprise, as a main component of business, requires which of the following? 7) In economics, What principle indicates the value placed on a product lessens as consumption increases? 8) This is the point at which the supply of the product just meets the demand for it 9) What law shows that there is a direct relationship between the price of a product and the amount that is supplied in the market? 10) What law refers to the tendency of people to buy more of a product when the price is lower and less of it when its price is higher? 11) In general, the more a particular product is valued, the more it is demanded, which is true in regard to this statement? 12) What will most likely increase the demand for better quality goods ans services?