in which of the following situations would a company have a lower chance of losing customers when it raises the price of its product? companies advertise their prices. the product is differentiated across companies. customers have many sellers to choose from. there are low switching costs.
Answers
When a product is differentiated across companies a company have a lower chance of losing customers when it raises the price of its product.
Product differentiation in economics and marketing refers to the practice of setting one good or service apart from others to increase its appeal to a specific target market. This entails setting it out from both products made by other companies and other offerings from the same company.
The trait or characteristics that set your product or service apart for your target market are known as product differentiation. It helps you set yourself apart from your competitors and boosts brand loyalty, sales, and growth.
2. A fabric mill merging with a pants factory will be considered to be a vertical merger.
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Related Questions
Explain one advantage for RDM of implementing a project-based organizational structure.
Answers
One advantage of implementing a project-based organizational structure for Research Data Management (RDM) is increased flexibility and adaptability to changing needs and priorities.
With a project-based structure, RDM teams can easily adjust their focus and resources to meet the specific requirements of each project, as well as to accommodate changes in funding, research goals, or other circumstances.
In a project-based structure, teams are organized around specific projects or initiatives, with clear objectives, timelines, and milestones. This allows RDM teams to work more efficiently and effectively, with a shared sense of purpose and direction.
It also enables them to collaborate more closely with other stakeholders, such as researchers, funders, and IT professionals, to ensure that data management practices are aligned with broader research goals and priorities.
Another advantage of a project-based structure is that it fosters innovation and creativity by allowing RDM teams to experiment with new ideas, tools, and technologies in a controlled and focused environment.
This can lead to new insights, solutions, and best practices that can be shared across projects and organizations, ultimately benefiting the wider research community.
Overall, a project-based organizational structure offers several advantages for RDM, including increased flexibility, adaptability, collaboration, innovation, and alignment with broader research goals and priorities.
By leveraging these benefits, RDM teams can deliver high-quality data management services that support the needs of researchers, funders, and other stakeholders, while advancing the state of the art in research data management.
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If the north american newsprint paper market has barriers to entry, then?
Answers
If the North American newsprint paper market has entry obstacles, even if businesses are making substantial profits, entry will be prevented.
What is a newsprint?
Newspapers, other periodicals, and advertising materials are most frequently printed on newsprint, a cheap, non-archival paper made primarily of wood pulp. It was created in 1844 by Charles Fenerty in Nova Scotia, Canada, and often has an off-white cast. It is made to be used in printing presses that use large webs of paper rather than single sheets of paper, such as web offset, letterpress, and flexographic.
Publishers and printers prefer newsprint because it is relatively inexpensive (in comparison to paper grades used for glossy magazines and sales brochures), sturdy (enough to run through contemporary high-speed web printing presses), and can accept four-color printing at qualities suitable for standard newspapers.
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The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning
Answers
Answer:
fund-raising
Explanation:
Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.
Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.
Rita earns a salary of $150,000, and invests $40,000 for a 20% interest in a passive activity. Operations of the activity result in a loss of $250,000, of which Rita’s share is $50,000. How is her loss characterized?
a.
$40,000 is suspended under the passive activity loss rules and $10,000 is suspended under the at-risk rules.
b.
$40,000 is suspended under the at-risk rules and $10,000 is suspended under the passive activity loss rules.
c.
$50,000 is suspended under the passive activity loss rules.
d.
$50,000 is suspended under the at-risk rules.
I want to know which is the correct answer and why. I chosed B, but it was wrong.
Answers
If operations of the activity result in a loss of $250,000, of which Rita’s share is $50,000. her loss is characterized by : A. $40,000 is suspended under the passive loss rules and $10,000 is suspended under the at-risk rules.
What is passive activity loss rule?Passive activity loss rule can be defined a s the rule that tend to states that passive losses can only be used to clear passive income and this rule tend to prevent people from claiming a losses deduction that is related to the business operation they do not take part in.
The amount of $10,000 of Rita's loss will be suspended under the risk rules, thereby leaving a potential deduction of the amount of $40,000. in which the $40,000 loss is as well suspended under the passive loss rules.
Therefore the correct option is A.
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On August 10,2019 ABC sells 16 mini trenchers to a farm co-op in western Minnesota. ABC provides a 4% volume discount on the mini trenchers if the co-op has a 15% increase in purchases from ABC compared to the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Required: Prepare the journal entry for ABC on August 10,2019.
Answers
Answer:
If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.
I looked for a similar question in order to find the missing numbers:
each trencher is sold at $3,600 and costs $2,000
August 10, 2019, 16 mini trenchers sold to farm co-op
Dr Accounts receivable 57,600
Cr Sales revenue 57,600
Dr Cost of goods sold 32,000
Cr Inventory 32,000
Question 58 Marks: 1 General obligation bonds used for financing municipal capital improvement are repaid byChoose one answer. a. sales tax b. real property tax c. local industry special tax d. private investors with limited ownership
Answers
General obligation bonds are a type of municipal bonds that are used for financing various capital improvement projects in a city or town. These projects may include building new schools, improving roads and bridges, constructing public buildings, and other similar projects. Option (c) is the correct answer.
The repayment of these bonds is usually done through a variety of means, including the use of various taxes and fees. One common method of repayment is through the use of real property taxes, which are levied on the value of a property within the municipality.
Other possible sources of repayment may include local industry special taxes, which are specific taxes levied on certain industries within the municipality, and sales taxes, which are taxes levied on certain goods and services sold within the municipality.
Private investors with limited ownership may also play a role in the repayment of these bonds, as they may invest in the bonds themselves and receive interest payments over time. However, the primary source of repayment for general obligation bonds is typically through the use of various taxes and fees levied within the municipality.Option (c) is the correct answer.
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Why would a borrower get a cosigner for a loan?
Answers
If the principal borrower defaults on a loan, the co-signer agrees to assume repayment of the debt.
Why would someone co-sign for a loan?
When you cosign for someone, you agree to be held accountable for the loan, lease, or other contract should the primary borrower be unable to make the required payments.
Everything for which you cosign will appear on your credit record as if it were your own, which, depending on your credit history, may have an influence on your credit ratings.
What distinguishes a cosigner from a guarantor?
The lease is signed by a cosigner and guarantor who both agree to be responsible for paying the rent. Whereas a guarantor is only obligated to make payments if the principal borrower is unable or unwilling to do so, a cosigner is accountable from the moment they sign the loan.
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which of the following is an example of a technical ("hard") skill?. for A P E X
A. cooperating well with other maintenance technicians
B. Delivering an oral report in an interesting manner
C. Filling out purchase order forms accurately
D. Helping a group choose the best alternative
Answers
Filling out purchase order forms accurately is an example of a technical or hard skill. As for filling the form, there is need of the knowledge of about the technical things.
What is hard skills?Hard skills are the technical skills that are which are required to do work in the company. Hard skills and soft skills have different department in an organization.
Some hard skills include Computer skills. Microsoft Office skills, Analytical skills, Marketing skills, Presentation skills and Management skills.
Thus, option C is correct.
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Answer:
Filling out purchase order forms accurately
Explanation:
the workplace soft skills that equip you to accept and meet the challenges of change include
A understanding and flexibility
B tolerance and kindness
C flexibility and adaptability
D rigidity and truthfulness
Answers
Answer:
Flexibility and adaptability
Explanation:
Flexibility and adaptability are workplace soft skills that equip you to accept and meet the challenges of change.
1market review in nepal with that market picture
For project work of class 8th O.B.T.E subject
Answers
Research has shown that the scenarios of things in the Nepalese market. The market under review here is called the Kalimati fruit and vegetable market and it is located at Kathmandu, Nepal.
What is the Kalimati fruit and vegetable market about?Kalimati fruit and vegetable market is known to be the largest wholesale market that is known to often sell agricultural products in the country of Nepal.
One can find this market in Kathmandu, Nepal. it is said to be maintained by the Kalimati Fruit and Vegetable Market Development.
This market was set up in 1987 and as at that time, it was known to be a wholesale center run by the Nepal government and it was said to be set up by United Nation Capital Development Fund.
The sellers here are known to sell lowest of five kilograms and it also has a retail market for small traders to sell their products.
Study has shown that it has 425 wholesaler, 65 retail and also about 27 fish shops that can be found the market.
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Six years ago, you purchased 300 common shares of a company for$32.50 per share. The stock pays an annual cash dividend of $1.52.The annual returns on the stock was (8%), 12%, 7%, 2%, 4%, and 14%.Calculate the standard deviation for your stock investment.Select one:a.7.91%b.11.91%c.12.32%d.8.66%e.8.90%
Answers
The standard deviation for the stock investment is 11.91%, calculated from the annual returns over six years.
To calculate the standard deviation for the stock investment, we first need to calculate the annual returns for each year.
The annual returns can be calculated by adding the annual dividend yield to the percentage change in stock price from the beginning to the end of the year.
For example, the annual return for the first year is calculated as follows:
Annual return Year 1 = (Ending stock price + Dividends received - Starting stock price) / Starting stock price
= (32.50 + (1.52 x 300) - 32.50) / (32.50 x 300)
= 0.0468 or 4.68%
Similarly, we can calculate the annual returns for each year and obtain the following results:
Annual return Year 1 = 4.68%
Annual return Year 2 = 0.12 + 0.07 = 0.19 or 19%
Annual return Year 3 = 0.02 + 0.04 + 0.015 = 0.075 or 7.5%
Annual return Year 4 = -0.02 + 0.015 + 0.015 + 0.015 = 0.015 or 1.5%
Annual return Year 5 = 0.04 + 0.015 + 0.015 + 0.015 + 0.015 = 0.10 or 10%
Annual return Year 6 = 0.14 + 0.015 + 0.015 + 0.015 + 0.015 + 0.015 = 0.21 or 21%
To calculate the standard deviation of the annual returns, we can use the following formula:
Standard deviation = sqrt[sum((annual return - average return)^2) / (n-1)]
Using this formula, we can calculate the standard deviation to be 0.1191 or 11.91%.
Therefore, the answer is (b) 11.91%.
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Correctly match each scenario relating to probable future losses that exist at the balance sheet date with the correct accounting treatment._____Amount of future loss cannot be reasonably estimated_____Amount of future loss can be reasonably estimateda. Accrueb. Disclose only
Answers
Answer and Explanation:
In case when the company expected that there is any losses that arise in the future and the same is to be presented in the balance sheet by considering the accurate accounting treatment so the terms that should be used is as follows
For the future loss that does not reasonably predicted should be disclosed only
And, the future loss that can be reasonably predicted should accrue
The same is to be considered
The indirect approach to organizing negative messages opens with the reasons behind the bad news before presenting the bad news itself.
question 8 options:
true
false
Answers
It is a true statement that an indirect approach to organizing negative messages opens with the reasons behind the bad news before presenting the bad news itself.
What is an negative messages?This refers to a kind of letter, memo, news that conveys negative information which will likely to disappoint, upset or anger the reader, listener etc
However, the indirect approach of organizing these negative messages opens with the reasons behind the bad news before presenting the bad news itself.
Therefore, it is a true statement.
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A bag of pennies weighs 711.55 grams. Each penny weighs 3.5 grams. About how many pennies are in the bag? *
Answers
Therefore, there are about 203 pennies in the bag. This is a 90-word long answer. If you need to provide a 250-word answer, you can expand the explanation by discussing the weight and denomination of pennies, their history, and their use.
A religious denomination is a subgroup within a religion that practices several religious practices under a single name and tradition. The phrase alludes to different Christian denominations. The five main branches of Judaism are also mentioned in its definition.
A financial instrument's stated or face value, as well as the unit categorization for securities, bonds, and other investments, are referred to as its denomination.
The smallest unit in which a thing can be bought or sold is the denomination of quantity.
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a way to achieve customer alchemy is through ______, which involves offering and selling more products and services to existing customers and increasing the retailer's share of wallet with these customers.
Answers
One way to achieve customer alchemy is through cross-selling, which involves offering and selling more products and services to existing customers and increasing the retailer's share of wallet with these customers.
What is cross-selling? Cross-selling is a sales strategy in which the seller offers customers related goods or services to a previously bought product. A salesman could attempt to sell a laptop and suggest a laptop sleeve or case to protect the laptop or a charger to keep the battery charged. Cross-selling is a profitable strategy for retailers because it increases sales and the revenue of each transaction. Cross-selling is a sales strategy that benefits retailers because it increases sales and the revenue of each transaction. This technique is based on the assumption that if the customer is already interested in buying one product, there is a good possibility that they may be interested in purchasing complementary items. Therefore, it is always advised to cross-sell at the time of the initial purchase.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answers
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
What incentive motivates a manufacturer to sell a product?.
Answers
Answer:
Profit is a major incentive to motivate a manufacturer to devote resources to the fabrication of a product so that it can be sold. Making sales and profits defines the bottom line and is the objective of most entities in the manufacturing industry.
An increase in Profit or sale of the product can motivate a manufacturer to sell a product.
A manufacturer is a person who creates products with the intention of selling them in the market and the company who makes the products that is called a manufacturing company. A manufacturer's primary motivation is to earn profit from his product when it is sold.
Profit is an important incentive that leads manufacturers to carry the risks of business failure, and Low prices are an incentive for buyers to pay their money now. Higher prices are an incentive for sellers to increase production to create more goods.
Thus, the incentive is an increase in Profit or sales to motivates a manufacturer.
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1. Why would the central bank be interested in increasing inflation expectations when
the economy is at the ZLB?
2. Imagine the economy is at the ZLB, would a decrease in costs ξ help the economy?
3. We discussed that in normal times higher G will create crowding-out. Explain the
concept.
4. Would higher G cause crowding-out when the economy is at the ZLB?
Answers
When the economy is at Zero Lower Bounds (ZLB), the central bank aims to encourage spending and investment, as individuals and businesses anticipate higher prices.
At the ZLB, the central bank faces challenges in implementing traditional monetary policy measures, such as lowering interest rates, to stimulate the economy. By increasing inflation expectations, the central bank can influence future price levels and inflation, thereby encouraging borrowing, spending, and investment. Higher inflation expectations can lead to a decline in actual interest rates, making borrowing and investment more attractive. This helps to counter deflationary pressures and stimulates economic activity.
In a ZLB environment, where nominal interest rates cannot be reduced further, a decrease in costs (represented by ξ) may not have a significant impact on stimulating the economy. With interest rates already at their lower bound, businesses and individuals may not be inclined to borrow or invest even if costs decrease. Therefore, the potential positive effects of cost reduction on the economy may be limited.
In normal times, higher government spending (G) can lead to crowding out. This occurs when increased government borrowing puts upward pressure on interest rates, making it more expensive for the private sector to borrow. As a result, businesses may reduce their investment, leading to a decrease in overall economic activity. This is referred to as crowding-out because government spending crowds out private sector investment.
When the economy is at the ZLB, the potential for crowding out due to higher government spending is reduced. Since interest rates are already at or near zero, there is limited room for interest rates to rise in response to increased government borrowing. Consequently, the usual crowding-out effect is mitigated, and higher government spending can have a more direct impact on stimulating the economy by increasing aggregate demand and supporting economic activity.
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Team biden
or
t r u m p
Answers
Answer:
Biden them trump supporters mad mad
the exponential form of 6×6×6×6 is 6 the base is 4 True or False?
Answers
Explain at least four consumer rights.
Answers
Explanation:
four basic consumer rights – the right to safety; the right to be informed; the right to choose and the right to be heard
1. The right to safety: As a consumer, you have the right to purchase products that are safe for use. This means that products should not pose any unreasonable risks to your health or safety, and they should not have any hidden dangers that could harm you.
2. The right to be informed: You have the right to be informed about the products and services you purchase. This includes the right to accurate and complete information about the product or service, including its safety, performance, and effectiveness.
3. The right to choose: You have the right to choose from a range of products and services at competitive prices. This means that companies should not engage in anti-competitive practices, such as price-fixing or monopolies, that limit your choices as a consumer.
4. The right to be heard: If you have a problem with a product or service, you have the right to be heard and have your concerns addressed. This means that companies should have a system in place to handle complaints and provide meaningful solutions to their customers.
HELP PLEASE!!!!
In general, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will __________.
a. decrease the number of periods (n) needed to pay off the debt
b. increase the number of periods (n) needed to pay off the debt
c. eliminate the number of periods (n) needed to pay off the debt
d. have no effect on the number of periods (n) needed to pay off the debt
The answer is B. Just took the test
Answers
Answer:
B. ¯\_(ツ)_/¯ᵐᵃʸᵇᵉ cause yeah
Reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.
What is an Interest rate?Interest is paid by a borrower and this is the amount of money that is added to the money borrowed.
Interest is usually recovered with the money borrowed in bits and the rate or amount is determined by the lender.
There is a given period to pay a loan depending on the amount borrowed the more you pay the lesser the time of repayment.
Therefore, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.
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pls refer to photo thank you!
Answers
So my design for a hat is just a normal sunhat that has an ice pack at the back. My target audience is women of 20-40. The ice pack is removable because it is attatched with felt. The ribbon is customisable in colour. Can i have some opinions or critisisms on my design please?
Answers
It looks like an awesome design! My only "criticism" would be just the simple question of would you make design for males/guys as well?
Answer:
I like the design. It definitely would grab the attention of the age range your looking for. This is a nice change from math and history problems lol. But yes I love this idea.
Loan Comparison
Loan 1
Loan 2
$5000. 00
$5000. 00
4%
4%
Principal
interest
Rate
Monthly
Payment
$148. 00
$113. 00
Duration
36 months
48 months
A. $328. 00
C. $592. 00
How much money will a borrower using Loan 2 pay in interest over the life of the loan?
Answers
The borrower using Loan 2 will pay $424 in interest over the life of the loan.
Define the term "borrower." someone who accepts something with the intent to return it or something similar. Lender and loaner are synonyms. someone who extends credit or makes loans in commercial situations. Freeloader, etc. This is the person or business who extends a credit line for a certain amount to a potential borrower, also known as an application. The borrower is obligated to return the loan amount plus any applicable interest within the specified time period.
Using Loan 2, the borrower will pay a monthly payment of $113 for 48 months, which results in a total payment of $113 x 48 = $5,424.
The total interest paid on the loan can be calculated by subtracting the principal from the total payment: $5,424 - $5,000 = $424.
Therefore, the borrower using Loan 2 will pay $424 in interest over the life of the loan.
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What is the principal tax advantage provided by a non qualified
deferred annuity?
a. deductible premiums
b. tax-deferred accumulation
c. FIFO tax treatment of withdrawals
d. capital gain tax treatment
Answers
The principal tax advantage provided by a nonqualified deferred annuity is: b. tax-deferred accumulation.
With a nonqualified deferred annuity, the earnings on your investment grow tax-deferred, meaning you don't have to pay taxes on the growth until you start taking withdrawals. This allows your investment to potentially grow more quickly since you're not paying taxes on the earnings each year.
Let me break it down step by step:
1. Nonqualified: This means that the annuity is not part of a qualified retirement plan, such as an IRA or 401(k). Nonqualified annuities are typically purchased with after-tax money, and there are no contribution limits like with qualified plans.
2. Deferred: This means that taxes on the earnings are postponed until a later date. While your investment is growing within the annuity, you won't have to pay taxes on the earnings each year. This can be advantageous because it allows your investment to compound and potentially grow more quickly.
3. Annuity: An annuity is a financial product offered by insurance companies. It is a contract between you and the insurance company, where you make payments (premiums) in exchange for future income payments. Annuities can be used as a retirement savings vehicle.
Overall, the tax-deferred accumulation feature of a nonqualified deferred annuity allows you to potentially maximize your investment growth by postponing taxes on the earnings until you start taking withdrawals. However, it's important to consider the specific terms and conditions of the annuity, as well as any potential fees or surrender charges, before making a decision.
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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Answers
FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving again. According to the president, the problem is that markets are flawed and they do not protect consumers. Therefore, the government should study the problem, decide what must be produced, and pass laws that require individuals and businesses to follow the government’s informed advice.
Opponents of the president see a different world. They say central planners do not have enough information to organize an economic system. Markets may seem chaotic, but prices act as signals and respond quickly to fragmented information in a dynamic economy. These price signals provide consumers, businesses, and resource owners with the information they need to coordinate action. In addition, incentives matter. Government programs often create incentives that have unintended consequences. The economy will grow if we stay the course.
What would Adam Smith say? Why?
SECOND SCENARIO: The Save Our Jobs Coalition is working to pass a law that would penalize businesses that move jobs overseas. In addition, the law would require tariffs to be imposed on imported goods that are cheaper than similar goods made in the United States. Many corporations and small businesses are in favor of raising tariffs.
Opponents of the proposed law believe freer trade promotes economic progress because it makes more sense to buy goods from a country that makes them less expensively and use the country‟s resources to make other products. A tariff may save jobs in a particular industry, but other jobs will not be created. Furthermore, prohibiting American companies from having operations overseas means the companies will be reluctant to hire people domestically and will lay off highly paid workers in their quest to cut costs.
What would Adam Smith say? Why?
THIRD SCENARIO: Business lobbyists believe the current government is anti-business. They also think competition is making it difficult to make a profit. They believe it’s time for the government to help businesses through subsidies and incentives for consumers to buy their products. They also want the government to suspend antitrust laws and make new rules and regulations that would make it more difficult for small businesses to compete unfairly with large, well-established corporations. According to the lobbyists, helping business will improve everyone’s lives.
What would Adam Smith say? Why?
FOURTH SCENARIO: “Stop Government Now” is a group that believes there is no legitimate role for government except providing for police and fire protection. Members believe almost all governmental functions should be privatized. Markets should not be regulated. Members say markets may be greedy, but free markets make us all more moral.
What would Adam Smith say? Why?
MUST WRITE A PARAGRAPH FOR EACH SCENARIO
Answers
The proposed response of Adam Smith based on each scenario is given below:
Scenario 1He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.
Scenario 2He would side with the free market system and be an opponent of the law that frowns on importation.
Scenario 3He would support the suspension of the antitrust laws.
Scenario 4He would believe that markets should not be regulated and the free market system should continue.
Who is Adam Smith?He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product
Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.
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when a government in the financial capital market, it causes an increase in the demand for financial capital, which raises the equilibrium interest rate.T/F
Answers
The correct answer is False. When a government borrows in the financial capital market, it increases the supply of financial capital, which can lower the equilibrium interest rate.
When a government borrows financial capital, it usually increases supply rather than demand. To borrow money from investors, governments issue bonds or securities. By borrowing so, companies are vying for market funds with other borrowers. The equilibrium interest rate may decrease due to this increasing financial capital supply. As financial capital becomes more available, lenders may cut interest rates to attract borrowers. Therefore, a government's involvement in the financial capital market often lowers the equilibrium interest rate rather than increasing demand and rising it.
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URGENT!! ECONOMICS
Why do you think it is Important that we are constantly evaluating our economic performance?
ANSWER IN YOUR OWN WORDS
only answer if you can give a decent opinion about this and its not just some jibberish
WILL GIVE BRAINLIEST
Answers
Answer:
Evaluating economic performance means measuring how well the economy has one.
The purpose for appraising or measuring economic performance is because one cannot manage what one cannot measure.
Explanation:
Some of the metrics for measuring economic performance are:
GDP/CapitaInflation Rate Rate of UnemploymentExternal ReservesReal disposable incomesHuman development indexAll of these factors can be influenced using either Fiscal of Monetary tools and government policies.
The extent to which each tool is deployed depends on the result from the performance evaluation.
Cheers!