the economic assumption

Question 1

what means assumption?

Answer 1

Consumers aim to maximise their benefits

Question 2

can maximize of revenue increase market share

Answer 2

no

Question 3

What good deed doesn’t help to economic assumption?

Answer 3

charities

Question 4

can maximize of sales increase market share

Answer 4

no

Question 5

what the free reasons why consumer may not maximize their benefit

Answer 5

1.consumers are their habits that are give up
2.consumer sometimes copy others behaviour
3.consumers are not always good at calculating their benefit

Question 6

what are two economic assumptions?

Answer 6

Unlimited wants and limited resources

Question 7

what does maximise means?

Answer 7

Increase something such as profit as much as possible

Question 8

does revenue means profit?

Answer 8

no

Question 9

the underlying assumption that:

Answer 9

consumer aim to maximise their benefit
the business aim to maximise their profit

Question 10

a lot of revenue means a lot of profit

Answer 10

not always