Which statement best describes a business creating an incentive?

Per newly education question and answer inquired students to say what they agree to is the most important concern for a student to do in order to achieve success. One which response stood out from the rest was practice. Persons who generally are successful do not become successful by being born. They work hard and determination their lives to succeeding. If you tend to reach your goals, keep this in mind! right below are one of the answer and question example that you can easily utilise to practice and improve your information and also give you insights that may help you to sustain your study in school.

Question:

Which statement best describes a business creating an incentive?A. A factory increases production to respond to growing demand.
B. A restaurant offers a discounted price on a new type of dish.
C. A car dealership increases the price on a car when it becomes
more popular
D. A retailer stops carrying a product that doesn’t sell well in its
stores

Answer:

When B. A restaurant offers a discounted price on a new type of dish, this is an incentive being created.

An incentive refers to something that would encourage an action. An incentive in terms of business would be something that:

  • Encourages more sales to be made
  • Encourages staff to be more productive in producing and/ or selling goods.

The restaurant in this scenario is trying to encourage more sales of a new type of dish so they reduced the price so that more people would buy.

In conclusion, reducing the price of the dish was done to encourage more sales of the dish which makes this an incentive.

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From the answer and question examples above, hopefully, they can possibly guide the student sort out the question they had been looking for and observe of all sorts of things declared in the answer above. You could certainly then have a discussion with your classmate and continue the school learning by studying the question alogside each other.

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