drag the tiles to the correct boxes to complete the pairs. match each economic concept with the scenarios…

drag the tiles to the correct boxes to complete the pairs. match each economic concept with the scenarios that illustrates it. consumer sovereignty total cost of ownership incorporation hillary needs to buy an oven for her bakery. she compares the prices, maintenance costs, and power consumption of three ovens. she compares the loan terms offered on them. finally, she settles for the one that will offer the best value for the money in the long run. ramona international wants to raise about $20 million. it sells shares of company stock in the stock market and brings many new shareholders onboard. maxima and hercules are rival companies that make protein shakes. people love maxima protein shakes because they are delicious and packaged attractively. hercules protein shakes fail to impress most people. soon, hercules has to cut production of its protein shakes and focus on other products.

drag the tiles to the correct boxes to complete the pairs. match each economic concept with the scenarios that illustrates it. consumer sovereignty total cost of ownership incorporation hillary needs to buy an oven for her bakery. she compares the prices, maintenance costs, and power consumption of three ovens. she compares the loan terms offered on them. finally, she settles for the one that will offer the best value for the money in the long run. ramona international wants to raise about $20 million. it sells shares of company stock in the stock market and brings many new shareholders onboard. maxima and hercules are rival companies that make protein shakes. people love maxima protein shakes because they are delicious and packaged attractively. hercules protein shakes fail to impress most people. soon, hercules has to cut production of its protein shakes and focus on other products.

Answer

Brief Explanations:

  1. Hillary is considering all costs related to owning an oven (price, maintenance, power - consumption, loan terms) to make a decision, which is an example of total cost of ownership.
  2. Ramona International selling shares of company stock in the stock market to raise money and bring in new shareholders is an example of incorporation as it is a way for a company to raise capital and structure itself.
  3. People preferring Maxima protein shakes over Hercules due to taste and packaging, and Hercules having to adjust production based on consumer preference shows consumer sovereignty where consumers' choices drive market outcomes.

Answer:

  1. Hillary's scenario - total cost of ownership
  2. Ramona International's scenario - incorporation
  3. Maxima and Hercules' scenario - consumer sovereignty