Acompany's core values relate to certain designated beliefs, traits, and ways of doing things that are widely viewed as "good" or "desirable" or even "noble" and that are adopted by a company to guide the actions and behavior of company personnel in conducting the company's business and pursuing its strategic vision and mission. how the company will balance its pursuit of profit against efforts to be ethical, deliver good value to customers, treat employees and suppliers fairly, and support worthy charitable activities. the business principles and philosophy that underpin the company's mission, strategic vision, and strategy. the basic assumptions regarding the business that management is operating under whether it will emphasize stock price appreciation or higher dividend payments to shareholders, whether it will pursue rapid growth or steady growth, and whether it will put more emphasis on the achievement of short-term performance targets or long-range performance targets.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi