Question

when firms advertise their products, they are attempting to: a. shift the demand for the product to the right. b. shift the supply curve of the product to the right. c. shift the supply curve of the product to the left. d. shift the demand for the product to the left.

Answer 1

Businesses market their goods in an effort to reach that many consumers as they can, hence increasing demand for their goods and boosting sales.

Since when are firms called?

It is thought to have originated from the German word Firma, which meant "a corporation, name of a business" and was derived from the Italian words Firma, which meant "signature," and Firmare, which meant "to sign." Firmare, which originally meant "to make firm, affirm," also came to signify "confirm (by signature)" in late Latin.

What would firms do?

A business that seeks to make money by offering goods and services is known as a firm. Firm and business are both acceptable terms. Different organizational structures for businesses, including corporations and single proprietorships, are available.

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