IBM QUIZ (MIDTERM)

The following are the reason why study business: except

• develop skills and acquire knowledge to prepare for your future career

• understand activities needed to provide goods and services

• become a well - informed consumer and member of society

• to gain profit

the rivalry among business for consumers' dollars

the study of how resources are distributed for the production of goods and services within a social system

the number of goods and services that consumers are willing to buy at different prices at a specific time

the number of products that businesses are willing to sell at different prices at a specific time+

the price at which the number of products that businesses are willing to supply equals the amount of products that consumers are willing to buy at a specific time