How will a decrease in personal income affect the market? 1. It will make goods cheaper to produce.
2. It will make stores attempt to sell more goods.
3. It will make consumers want to buy goods rather than save.
4. It will make consumers buy fewer goods and demand lower prices.

From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?