What are the criteria for economic stability?
What will be an ideal response?
Answer: When there are enough desirable goods and services to satisfy consumer demand, and consumers have the purchasing power to buy the products they want, business is in a period of economic stability.
Explanation: Supply satisfying demand is not the only criterion for economic stability. Consumers must have enough money to buy the goods and services they want.
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The European Union defines _____ as any information relating to an identified or identifiable natural person; an identifiable person is one who can be identified, directly or indirectly, in particular by reference to an identification number or to one or more factors specific to his physical, physiological, mental, economic, cultural, or social identity.
Fill in the blank(s) with the appropriate word(s).
Which of the following is likely to occur during economic downturns?
A) People tend to spend more on luxury goods. B) Consumption of necessary goods decline. C) Long-term credit is available at concessional rates of interest. D) The purchasing power of the population declines. E) The level of investment in the economy rises.
_____ business messages may include procedural information or instructions
A) Bad news B) Persuasive C) Routine request D) Goodwill E) Call to action
An individual department that is contributing direct operating margin but shows a net loss when reported under a format of allocating all expenses (direct and indirect) to each department should be considered for closure
Indicate whether the statement is true or false