TenToTheHundred (TTT) is a leading provider of website search services. Every year, customers spend $160 billion on their services. TTT sells some of its services directly to consumers, but then also uses another company called RetailerInc to sell services. RetailerInc generates $40 billion worth of sales, while the remaining is generated by TTT selling directly to consumers. RetailerInc pays 70 percent of its revenue to TTT, and TTT pays $52 billion to its suppliers.

a. Draw out in a diagram how much value is added by each player in the example above.
b. How much value to the production process does TTT add?
c. How much value to the production process does the RetailerInc add?
d. How much value to the production process do the suppliers add?

i would have to say its c

answer; limited pay life;

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