Relationship management involves understanding the needs and expectations of customers and stakeholders, building trust and rapport, customizing interactions, providing value-added benefits, maintaining regular communication, resolving conflicts, and continuously evaluating and adapting strategies.
1. Understanding the needs and expectations: Relationship management begins with understanding the needs, expectations, and preferences of customers and stakeholders. This involves conducting market research, surveys, and feedback collection to gain insights into what they value and how they perceive the relationship.
2. Building trust and rapport: Trust is the foundation of any strong relationship. To build trust, it is essential to consistently deliver on promises, maintain open and transparent communication, and provide reliable products or services. Building rapport also involves actively listening to concerns, addressing issues promptly, and showing empathy and understanding.
3. Customizing interactions: Every customer and stakeholder is unique, so it's important to tailor interactions to their specific preferences and requirements. This can be done through personalized communication, offering customized solutions, and providing a seamless and enjoyable experience at every touchpoint.
4. Providing value-added benefits: To enhance the relationship, it's crucial to go beyond meeting basic expectations and offer additional value. This can be achieved by providing exceptional customer service, offering loyalty programs, exclusive discounts, or other incentives, and actively seeking feedback to continuously improve products and services.
5. Maintaining regular communication: Communication is key to maintaining strong relationships. Regularly staying in touch with customers and stakeholders through various channels (such as emails, newsletters, social media, or in-person meetings) helps keep them informed, engaged, and connected with your brand.
6. Resolving conflicts and addressing concerns: In any relationship, conflicts, and concerns may arise. It's important to handle these situations with professionalism, empathy, and a problem-solving mindset. Promptly addressing issues, taking responsibility for any mistakes, and finding mutually beneficial solutions are essential for maintaining trust and strengthening the relationship.
7. Continuously evaluating and adapting: Relationship management is an ongoing process that requires constant evaluation and adaptation. Regularly assessing the effectiveness of strategies, gathering feedback, and making necessary adjustments ensures that the relationship remains strong and valuable over time.
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Thompson uses the decision support system to manage all the decisions for his organization. What is one of the major roles this system plays to help Thompson find effective solutions for his ideas?
The decision support system provides assistance with the management of the analytical process. Option A is the correct choice to make in response to this question.
What exactly is meant by the term "decision support system"?This is an example of a computer system that aids in the process of data analysis. It lends support to the decisions and activities that corporations take as a result.
in conclusion, It is able to do analyses on large amounts of data, the results of which may be used to the solving of issues and formulation of choices.
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Answer:
A. helps Thompson carry out analytical work
Explanation:
Social workers help to improve the quality of life for their clients.
A-True
B-False
Hurry
Answer:
A
Explanation:
Answer:
I think True
Explanation:
all of the following were results of the stock market crash except—
All of the following were results of the stock market crash in 1929 except stock prices reflected the real value of companies
A sudden, frequently unforeseen decrease in stock values is referred to as a stock market crash. The stock market may be affected by a major disaster, an economic slump, or the bursting of a protracted speculative bubble. Public fury over it can lead to panic selling that pushes prices considerably lower, which can have a significant impact on a stock market meltdown. A stock market crash is a sudden, dramatic decline in stock prices throughout a significant area of the stock market that results in a significant loss of paper wealth. Crash reasons include panic selling and underlying economic problems. They frequently track financial and business bubbles.
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An interest group system that controls access to policy making by relying on state-sanctioned groups to represent labor, business, and agricultural sectors is
The interest group system that controls access to policy-making by relying on state-sanctioned groups to represent labor, business, and agricultural sectors is commonly known as corporatism.
This system is characterized by a close relationship between government and interest groups, where the state plays a key role in mediating conflicts between groups and in regulating their behavior.
Under corporatism, interest groups are given a privileged position in the policy-making process, often at the expense of other groups or individuals who are not part of the sanctioned system.
This can lead to a concentration of power in the hands of a few groups, who may have a disproportionate influence on policy outcomes.
While corporatism can have some benefits, such as promoting stability and reducing conflict, it also has its drawbacks.
Critics argue that it can lead to a lack of representation for marginalized or underrepresented groups, and can limit the diversity of perspectives and ideas that are brought to the table.
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HELP 20 POINTS !!!!!!!!
Note that in order to complete the INCOME section on Form 1040 you need a W-2 Form from your employer.
What is a W-2 Form?The W-2 form is used to record an employee's salary, taxes, and other details of their employer's remuneration to the IRS.
This form reveals your yearly earnings as well as the amount of taxes taken from your paychecks.
The principal tax form used by US taxpayers to file their annual income tax returns is Form 1040. Taxpayers fill out the form with their personal and tax information, then send it to the IRS for evaluation.
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When thinking about hospitality, it's important to remember that there is both an arrival and a departure.
True
False
some economists argue that open market operations are ineffective due to the central bank's inability to
(1) Commercial banks' reserves will rise as a result of the central bank's open-market purchase of securities, allowing them to expand their loans and investments
2) to lower the interest rates on government securities by raising their price;and, thirdly, to dampen interest.
What are open market operations and how do they impact credit availability?
The term "open market operations" refers to the market buying and selling of government securities to either drain or inject liquidity into the economy. In open market operations, central banks primarily sell and buy government securities to control the amount of money in their reserves in the event of a withdrawal.
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The type of cover letter written to inquire about possible job openings: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter Please select the best answer from the choices provided A B C D
The type of cover letter written to inquire about possible job openings: b. Prospecting letter.
What is prospecting letter?Prospecting letter can be defined as the type of cover letter writing by a prospective applicant to a company or human resources manager so as to inquire about a job opening.
The applicant tend to include the the following in the cover letter:
QualificationSkillsExperience Why he/her is suitable for the job and what he/she can offerWhy the applicant should be invited for an interview Why he/her should be given the jobInconclusion the type of cover letter written to inquire about possible job openings: b. Prospecting letter.
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Answer:
b.
Prospecting letter
Explanation:
i took the test
2. If a new alternative fuel was found in the auto industry, what are the two ways existing car manufacturers might respond to this disruptive innovation?
Existing car manufacturers might respond to a disruptive innovation in the auto industry in two ways:
Incorporate the new alternative fuel technology into their current product offerings: Existing car manufacturers might invest in research and development to incorporate the new alternative fuel technology into their current product offerings. This would allow them to continue to compete in the market with a new and innovative product that meets changing customer needs and preferences.
Create a new product line: Existing car manufacturers might also choose to create a new product line specifically designed to use the new alternative fuel technology. This would allow them to maintain their existing product offerings while also capturing new market share with the innovative product line.
Ultimately, the response of existing car manufacturers to a disruptive innovation in the auto industry would depend on their individual business strategies and goals, as well as the potential impact of the new technology on their existing products and customer base.
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Distinguish between medium and higher level education with
illustration.
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end.
if the real interest rate and real national income are constant, according to the quantity theory and the fisher effect, a 1 percent increase in money growth will lead to rises in:
According to the quantity theory and the Fisher effect, an increase in money growth of 1% will result in increases in inflation of 1% and the nominal interest rate of 1% if the real interest rate and real national income are both unchanged.
The real worth of the currency owned by the general populace declines as prices rise. The nominal interest rate must rise by 1% in the event that the real interest rate falls by 1% and the inflation rate rises by 2%. This is due to the fact that inflation reduces the actual worth of the money that will be returned at the conclusion of the loan period, causing the real (inflation-adjusted) rate of interest to be lower than the nominal rate. The real interest rate, according to the Fisher Effect, is equal to the nominal interest rate less the anticipated inflation rate. Hence, unless nominal interest rates rise at the same rate as inflation, real interest rates decrease as inflation rises.
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what is Photosynthesis?
Freé points -,-
Answer:
photosynthesis is a process by which green plants prepare their own food with the help of sun light and chlorophyll.
Answer:
the process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water. Photosynthesis in plants generally involves the green pigment chlorophyll and generates oxygen as a by-product.
Full employment implies there is zero unemployment in the economy state true or false and give reason
Given the numerous varieties of unemployment and the fact that some are inevitable or even required for a healthy labor market, full employment is not the same as zero unemployment.
The nonaccelerating inflation rate of unemployment (NAIRU), the absence of cyclical unemployment, and GDP at potential are the three conditions for full employment, according to the BLS.
When part-time workers cannot find occupations that match their skill level, there may be underemployment or unemployment in an economy with full employment. This type of unemployment is considered structural rather than cyclical. Because some people may still be unemployed due to skill mismatches, full employment does not equate to zero unemployment.
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What is demand comprised of
Chrome,Edge,Safari,and Firefox are all
Answer:
Web-browsers
Explanation:
Answer:
Search engines
Explanation:
what must be aligned with other elements of a retailer's strategy in order to accurately define the value of the product and a retailer's image?
The retailer's pricing strategy must be aligned with other elements of a retailer's strategy in order to accurately define the value of the product and the retailer's image.
A retailer's pricing strategy plays a crucial role in shaping the perception of the product's value and the overall image of the retailer. The pricing strategy determines the price points at which products are offered to customers, reflecting their perceived worth and quality.
To accurately define the value of the product, the pricing strategy must be consistent with other elements of the retailer's strategy, such as the target market, brand positioning, product assortment, and customer experience. If the pricing strategy is not aligned with these elements, it can create discrepancies and inconsistencies, leading to a mismatch between perceived value and actual value.
For example, if a retailer positions itself as a high-end luxury brand but offers products at low prices, it may undermine the perceived value and contradict the retailer's intended image.
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On a trip, a motorist purchased gasoline according to the table shown to the right (a) What was the average number of stres per parchase? (b) What was the average cost porte? (c) the motorist averaged
The table represents the cost and number of gallons of gasoline purchased on a trip. The following are the questions and the steps to solve them:a) What was the average number of stres per purchase?The number of gallons bought on each purchase is known as strokes.
To find the average number of strokes per purchase, we'll use the following formula. Average strokes per purchase = Total strokes/ Total purchasesFirst, we'll figure out the total strokes:Number of strokes in the first purchase = 9 strokesNumber of strokes in the second purchase = 10 strokes
Number of strokes in the third purchase = 12 strokesNumber of strokes in the fourth purchase = 11 strokesNumber of strokes in the fifth purchase = 8 strokesNumber of strokes in the sixth purchase = 10 strokesTotal strokes = 9 + 10 + 12 + 11 + 8 + 10 = 60 strokes.Next, we'll figure out the total number of purchases, which is 6.
Average strokes per purchase = Total strokes/ Total purchases = 60 strokes/6 purchases = 10 strokes/purchaseTherefore, the average number of strokes per purchase is 10 strokes.b) What was the average cost porte The average cost per purchase can be calculated using the following formula.
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2. Describe how economic and workforce changes are affecting
organizations which you have worked. Give specific examples
regarding how you believe these changes should be addressed.
Economic and workforce changes are affecting organizations in numerous ways. A large proportion of these changes result from globalization, technological advancements, competition, and the workforce's changing demographics. These changes are affecting organizational structures, work processes, recruitment, training and development, and employee retention.
In the organization where I work, economic and workforce changes have brought about numerous challenges, such as pressure to cut costs, loss of skilled employees due to retirement, and challenges in recruiting new employees with the required skills. These challenges have necessitated the organization to implement new strategies, such as introducing technology to automate work processes, recruitment of employees with relevant skills, and upskilling the current workforce to meet the changing demands of the organization.
The organization has implemented various strategies to address these changes. For example, the introduction of technology to automate work processes has resulted in increased productivity and efficiency. This has also reduced costs associated with hiring new employees. Additionally, the organization has implemented a training and development program to upskill its employees to meet the changing demands of the organization.
To address the challenge of employee retention, the organization has implemented various strategies, such as flexible work arrangements, employee empowerment, and a rewards and recognition program. These strategies have enhanced employee satisfaction and retention. Conclusively, organizations need to implement strategies to cope with the economic and workforce changes to remain competitive in the market. These strategies include recruitment of skilled employees, upskilling the current workforce, employee empowerment, flexible work arrangements, and automation of work processes.
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A type of security that is frequently used in mortgages and requires that the loan payment contain both interest and loan principal is called:_______
A type of security that is frequently used in mortgages and requires that the loan payment contain both interest and loan principal is called: Amortizing.
What type of security is a mortgage?On the secondary market, mortgage-backed securities are bought and sold. A specific kind of asset-backed securities is an MBS. Processes for mortgage finance and house loans have become simpler thanks to asset-backed securities. Ginnie Mae, Freddie Mac, and Fannie Mae are the main issuers of mortgage-backed securities.
When a loan is amortising, both the interest and principal payments are incorporated into the monthly instalments. In a loan that does not amortise, only periodic interest payments are made; the whole principal is only reimbursed when the debt matures.
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the board of directors is typically responsible for ________.
The board of directors is typically responsible for making strategic decisions for the company. They are also responsible for ensuring the company's long-term success and sustainability. The board of directors is the group of people elected by shareholders to represent their interests and oversee the management of the company. The number of directors on a board can vary, but typically it ranges from 5 to 150. The specific responsibilities of the board of directors can vary depending on the company and industry, but some common duties include:
Setting company strategy and vision:
The board of directors is responsible for setting the company's long-term strategy and vision. This includes making decisions about what markets to enter, what products to develop, and how to allocate resources.
Oversight of management:
The board of directors is responsible for overseeing the company's management team. This includes evaluating the performance of the CEO and other executives, approving major business decisions, and ensuring that the company is operating in compliance with laws and regulations.
Fiduciary duties:
The board of directors has a fiduciary duty to act in the best interests of the company and its shareholders. This means that they must make decisions that are in the best interests of the company, even if it means sacrificing their own personal interests or relationships with other stakeholders.
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The board of directors is typically responsible for making strategic decisions for the company.
They are also responsible for ensuring the company's long-term success and sustainability. The board of directors is the group of people elected by shareholders to represent their interests and oversee the management of the company.
The number of directors on a board can vary, but typically it ranges from 5 to 150. The specific responsibilities of the board of directors can vary depending on the company and industry, but some common duties include:
Setting company strategy and vision:
The board of directors is responsible for setting the company's long-term strategy and vision. This includes making decisions about what markets to enter, what products to develop, and how to allocate resources.
Oversight of management:
The board of directors is responsible for overseeing the company's management team. This includes evaluating the performance of the CEO and other executives, approving major business decisions, and ensuring that the company is operating in compliance with laws and regulations.
Fiduciary duties:
The board of directors has a fiduciary duty to act in the best interests of the company and its shareholders. This means that they must make decisions that are in the best interests of the company, even if it means sacrificing their own personal interests or relationships with other stakeholders.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.
1. Calculate the weighted average contribution margin per unit. ($40)
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
3. Calculate how many units of each product line the company must sell in order to breakeven.
4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.
6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
I need help especially on the 2nd question.
Answer: See explanation
Explanation:
1. Calculate the weighted average contribution margin per unit.
The weighted average contribution margin per unit will be:
= Contribution margin per unit × Sales mix ratio.
= ($20 × 60%) + ($70 × 40%)
= ($20 × 0.6) + ($70 × 0.4)
= $12 + $28
= $40
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
This will be:
= Fixed cost / Weighted average
= $40000 / $40
= 1000 units
3. Calculate how many units of each product line the company must sell in order to breakeven.
Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units
Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units
When a country;s purchases of foreign assets is greater than foreign purchases of domestic assets, the country is ______________________.
When a country's purchases of foreign assets are greater than foreign purchases of domestic assets, the country is a net lender.
The net amount that a unit or a sector has available to finance other units or other sectors directly or indirectly is known as net lending. The capital account's balancing item is net lending. A positive balance is referred to as net lending, and a negative amount is referred to as net borrowing.
Gross fixed capital formation (GFCF), stock variations, net acquisitions of valuable items, and non-financial non-produced assets are all examples of accumulation expenses. This balance is equal to gross savings plus net capital transfers and fewer expenses incurred for accumulation. (land, intangible assets, etc.).
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
On her first day on the job, Sharon treats a patient who is highly anxious and worried. What advice from your book should Sharon keep in mind?It usually helps to point out to an emotional person that things could be much worse.If a patient is emotional, you should tell the person things will be okay, even if you are not sure what may happenSharon should find a more experienced person to take over the case.People usually appreciate it when others acknowledge their emotions and are willing to listen.
When encountering a highly anxious and worried patient, Sharon should keep in mind that people usually appreciate it when others acknowledge their emotions and are willing to listen.
Sharon, on her first day on the job, encounters a highly anxious and worried patient. In this situation, the advice from the book that Sharon should keep in mind is that people usually appreciate it when others acknowledge their emotions and are willing to listen.
When someone is experiencing strong emotions, it is important to validate their feelings and provide a supportive and empathetic environment. By acknowledging the patient's emotions, Sharon can create a sense of trust and understanding. She can reassure the patient that she is there to listen and help in any way possible.
While it is tempting to try to minimize the patient's worries by pointing out that things could be worse or by making promises about the outcome, these approaches may not be helpful. Each person's concerns and fears are valid to them, and it is essential to respect their emotions rather than dismiss or invalidate them.
Instead of making uncertain promises, Sharon should focus on providing reassurance and support. She can let the patient know that she understands their anxiety and is committed to working together to address their concerns.
Sharon can offer a listening ear and encourage the patient to express their fears and worries openly, ensuring that they feel heard and understood.
If Sharon feels overwhelmed or uncertain about handling the situation, it would be appropriate for her to seek guidance from a more experienced colleague or supervisor. This demonstrates her commitment to providing the best possible care for the patient and shows her willingness to learn and grow in her role.
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Leila has a table in a spreadsheet she wants to format. Which options will allow her to format the table without changing its content?
Answer:
All of them, except "Find and replace, Text."
Explanation:
janelle purchased a $400 tablet. the tax rate was 7%. what was the total amount paid for the tablet including tax?
Janelle purchased a $400 tablet. The tax rate was 7%. the total amount paid for the tablet including tax is $428.
What is tax?Tax refers to a financial charge imposed by a government or other authorized entity on individuals or businesses. Taxes are usually levied on income, goods and services, property, and other transactions.
The purpose of taxation is to generate revenue for the government to finance public services such as healthcare, education, infrastructure, and national defense.
Janelle paid $ 428 for purchasing a tablet that also includes the tax.
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an investment adviser has a fee structure that states: assets under management annual fee 0 - $1,000,000 2.00% >$1,000,000 - $5,000,000 1.50% >$5,000,000 - $10,000,000 1.00% >$10,000,000 negotiable with client which statement is true about such an arrangement? a this is prohibited under nasaa rules because it favors customers with more assets under management b this is prohibited because advisers cannot have negotiable fees c this is permitted as long as the negotiated fee is less than 1% d this is permitted without restriction
This is permitted as long as the negotiated fee is less than 1% is TRUE about such an arrangement
What are Negotiated Fees?Negotiated fees are the sums that network dentists have consented to accept as full payment for services that are covered, less any co-payments, deductibles, cost-sharing, and benefit caps. Negotiated fees may be altered. A financial advisor cannot demand "unreasonable" fees. It is acceptable and reasonable to have a charge structure that lowers the fee % as the amount of assets managed increases. The adviser may also set negotiable fees, provided that they are fair and implemented consistently. As a result, the advisor may negotiate a cost for a client with $15,000,000 in assets to invest that is less than 1% (it could not be higher than 1% because doing so would result in the client being charged a higher fee than clients with lower investment amounts).The complete question is,
An investment adviser has a fee structure that states:
Assets Under Management Annual Fee
0 - $1,000,000 2.00%
>$1,000,000 - $5,000,000 1.50%
>$5,000,000 - $10,000,000 1.00%
>$10,000,000 Negotiable With Client
Which statement is TRUE about such an arrangement?
A. This is prohibited under NASAA rules because it favor customers with more assets under management
B. This is prohibited because advisers cannot have negotiable fees
C. This is permitted as long as the negotiated fee is less than 1%
D. This is permitted without restriction
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Why should the groundwater under the Sahara Desert be considered a nonrenewable resource? Thinking about the global food system, which of the following terms refers to 'the integration of systems among geographically dispersed places' (Ibery and Maye 2008, 164) Select one:
a. Agribusiness models
b. Coupled socio-ecological systems
c. Adaptive co-management
d. Globalisation
The groundwater under the Sahara Desert is considered a nonrenewable resource due to limited recharge, slow recharge rate, extraction exceeding recharge, and its classification as fossil water. The term that refers to the integration of systems among geographically dispersed places is globalization. The correct answer is d.
The groundwater under the Sahara Desert should be considered a nonrenewable resource for several reasons:
Limited recharge: Groundwater is recharged through the infiltration of precipitation and surface water into the aquifer. In the Sahara Desert, rainfall is extremely low, and the recharge rate is minimal. The desert's arid climate and lack of significant surface water sources limit the replenishment of groundwater, making it a slow and inefficient process.Slow recharge rate: Even when there is some recharge, the rate at which groundwater replenishes is exceptionally slow in arid regions. The low precipitation and high evaporation rates in the Sahara make it challenging for the aquifers to recharge at a sufficient pace to meet the extraction demands.Extraction exceeds recharge: Human activities, such as agriculture and urban development, often rely on groundwater extraction in the Sahara to meet water demands. However, the rate of extraction is often higher than the natural recharge rate, leading to a continuous depletion of the groundwater reserves. This imbalance accelerates the nonrenewable nature of the resource.Fossil water source: The groundwater in the Sahara Desert is commonly referred to as "fossil water" or "ancient water." It accumulated thousands of years ago when the climate in the region was significantly different, allowing for the accumulation of large underground water reserves. Once this water is extracted, it cannot be replenished within human timescales, rendering it nonrenewable.Regarding the second part of your question, the term Globalization refers to the increasing interconnectedness and interdependence of economic, social, cultural, and political systems across different regions and countries. It involves the exchange of goods, services, information, and ideas on a global scale, blurring the boundaries between nations and creating a more integrated world. The correct answer is d.
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Supply and Demand: Tutorial
17 of
Part B
What is the relationship
between the price and the number of necklaces Rachael supplies?
Answer:
see below
Explanation:
There exists a direct relationship between the price of a commodity and the quantity supplied. Producers find it more profitable to increase supplier when the prices are high. As businesses are motivated by profits, high prices are likely to generate more profits. High prices are a motivation to supply large quantities.
If the price of necklaces goes up, Rachel will supply more to the markets. She will take advantage of the high prices to sell more and make bigger profits. Low prices lead to reduced profits or even losses. At low prices, Rachael will supply a few necklaces in the market.
Answer: As the price goes up, the number of necklaces she supplies goes up.
Explanation: edmentum / plato