Law of demand
what is the Demand?
How much is demanded by the consumer.
factors that make it difficult for new firms to enter a
market?
Barriers for entry.
what was a problem amozon had?
what is motor vehicle wreaks
how much dept is the us in?
what is 20 trillion
what is business organization?
what is the ownership structure of a company.
What is the law of Demand?
The law of demand is a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of a good.
the simplest market structure?
Pure competition.
who is the founder of amazon?
what is jeff bezos
what does the average us householder make?
what is 59 thousand
what is a business license?
what is authorization from the local government to operate the business.
What happens when the demand rises?
It goes to the right.
product that is considered the same regardless of who
makes or sells it?
Commodity.
what was wrong with amazon supply?
what is it was not safe for humans
what is the average american household owing in dept?
what is 323 thousand
what is general partnership?
what is partners share equally in responsibility and profit.
What happens when a demand goes down?
It goes left.
How would you maximize profits?
Don't put the prices to high or low.
When did Amazon prime come out?
February of 2005.
why is the US in dept?
what is government spending
what is articles of partnership?
what is legal partnership agreement that spells out each partners responsibilities and how profits or losses will be divided
What are the five factors of the law of demand?
Complementary Goods,Tastes, Income, Population, Substitute Goods
expenses that a new business must pay before it can
begin to produce goods?
Start up cost.
When and where was Amazon invented?
how is the us fixing the dept problem?
what is borrowed money
what is business franchise?
what is semi independent business that pays fees to a parent company.