Business, 08.07.2019 04:30 mazielynn84

In modern-day society, the exchange process is primarily based on which of the following? the bartering system the honor system the monetary system the gold standard

Answers: 2

Show answers

Answers

The monetary system because we use money to purchase items. The gold standard was used to back the value of money. The bartering system is when you trade for something, for example ten fish for a stone ace. The honor system would be when you take something from someone and tell them you'll pay at a later date, it some times went with the bartering system.

Answer from: kutsarver

monetary system, we use standard currencies, although in certain places the bartering system is still in effect, usually in third world countries

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

Well, i would start out by advertising a lot. take money out of unused profit to have build boards put up and internet advertising. also, make sure your store signs are large and noticeable. make sure you have good deals and prices that the average consumer would be okay with. also, location is key. being in a high technology based city/location would be excellent for your business because it is based off of technology. hope this ! : )

Another question on Business

Business, 22.06.2019 08:30

What is the key to success in integrating both lethal and nonlethal activities during planning? including stakeholders once a comprehensive operational approach has been determined knowing the commander's decision making processes and "touch points" including stakeholders from the very beginning of the design and planning process including the liaison officers (lnos) in all the decision points?

Answers: 1

Answer

Business, 22.06.2019 08:30

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Answers: 2

Answer

Business, 22.06.2019 16:40

Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.

Answers: 1

Answer

Business, 22.06.2019 16:50

Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.

Answers: 2

Answer

You know the right answer?

In modern-day society, the exchange process is primarily based on which of the following? the barte...

Questions

Business, 19.10.2021 14:00

Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript...