A orientation refers to the process of determining the wants and needs of buyers and then providing goods and services to meet or exceed their expectations.

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.

What is a uniform law adopted by all states that facilitates business transactions?

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