11. An economic activity that is engage in buying and selling of goods and services in exchange of money. Business Commerce а. с. Trade b. d. Partnership 12. Business ability to use its resources to produce profit. autonomy big idea profitability scalability а. c. b. d. 13. These are alternative goods that can easily replace by other products either perfectly or in part. brand clone original substitutes a. с. b. d. Duinted

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Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

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Q: QUESTION 12 What type of products are made using the principle of allocative efficiency? a. Those…

A: Allocative efficiency is one the principle efficient production is based on.

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A: A) As per the inquiry, the given graph speaks to the two-area model of the economy with the business…

Q: Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and…

A: Given that, Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her…

Q: 10. What is the willingness and ability of producers to offer a good for sale referred to as?   A)…

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Q: What are DeBeers profits? Why are they able to sustain these in the long-run?

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Q: 2. What are the main sources of new-product ideas? (from Chapter 9)

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Q: Explanation and examples about (Principle two of economic): The cost of something is what you give…

A: Opportunity cost is the next best alternative foregone. So opportunity cost of product A would be…

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A: Factors of production are the inputs used by the firms to produce goods and services. These include…

Q: 11. The main problem of economic theory and practice is to resolve the contradiction between: a)…

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Q: 4. Marketing manager believes that running commercial advertisement influence the customer buying…

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Q: What is scientific research? explain the concept of scientific, what is i. perception research ii.…

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Q: 1. As a business owner how would you satisfy the needs of your consumers based on the three…

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A: All the business operations conducted out the course operation by a firm is business activities.

Q: Only people who have certain natural talents can be Entrepreneurs.

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Q: The creation of internet shopping has caused (a) greater competition among businesses (b) less…

A: Internet: It refers to the network by which computers are connected all over the world.

Q: What  is the biggest mistake when starting up a new business and why?

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Q: Describe the 4 market structure and how each market structue assist in starting of a business?

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Q: More can be produced of both pizza and beer, without an increase in resources or improvement in…

A: A Production Possibility Frontier (PPF) is a curve which shows various combinations of the amounts…

Q: The economic system design based on three questions as what get produced? How is it produced ? And…

A: Because of scarcity every society or economic system must answer these three (3) basic questions:…

Q: Supply chain represents? 2.Power shift in supply chain has shifted from? 3. Which is a driving…

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Q: Solve the attachment.

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Q: 1. Buyer Seller Relationship 2. Business Competition 3. New Business Venture

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Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

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Q: True/False The resources used to make all goods and services are called factors of production

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Q: 11. Lola starts a consulting business for companies. She makes all the business decisions and bears…

A: * ANDWER :-    (11) From the given information the answer is given below as  ,

Q: True or False. Give reasons also. 1) The meaning assigned to activities may be shared but may also…

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Q: 2 Explain the 3 different stages of production.

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Q: 6- Which of the following is not found in a capitalist economy? a. Competition among enterprises b.…

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Q: 01. What is the per-unit opportunity cost of product Y as production moves from point F to point A?…

A: Opportunity Cost can be defined as the cost of the next best alternative which is being sacrificed.…

Q: 12. How are money cost and opportunity cost related to each other? a. Opportunity cost must…

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Q: fill in missing word   The _______ economy is a way of organizing activity based on returning all…

A: Close loop economy - An economy in which no waste is generated i.e. when the waste is generated…

Q: Find the attached file.

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Q: goods a. The willingness and ability to take the risks involved in starting and managing a business.…

A: The given match the following is related to production and factors of production.

Q: 8. Economic models like the graphs or even mathematical equations that represent economic patterns…

A: An economic model is the description of economic processes that helps to observe, understand, and…

Q: Economics can best be described as the study of how: to profitably invest one's income in stocks…

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Q: What is a difference between “Musharaka and Mudaraba”?

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Q: 3.Utility refers to the: opportunity cost of a product relative scarcity of a product value of a…

A: The Opportunity Cost(OC)shows the possible benefits an individual, firm, or investor misses out…

Q: 4.Which of the following is a positive statement? The humidity is too high today. It is too hot to…

A: ( I am answering 4-9 questions as stated above ) Explanation to Positive statement :   Positive…

Q: 4. Define scarcity . 5. Generally economists divide resources into four broad categories explain .…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…