The product is not necessarily produced and consumed in the same place. The place of production or the plant site can be different from the place of distribution or selling. The service is produced and consumed in the same place. It cannot be owned and taken away from the location. LET US APPLY WHAT YOU HAVE LEARNED Three different kinds of stores are presented below. Identify what you believe makes each one different from the other, In Terms of Size In Terms of Items In Terms of Prices Store Supermarkets Groceries "Sari-sari" stores

The product is not necessarily produced and consumed in the same place. The place of production or the plant site can be different from the place of distribution or selling. The service is produced and consumed in the same place. It cannot be owned and taken away from the location. LET US APPLY WHAT YOU HAVE LEARNED Three different kinds of stores are presented below. Identify what you believe makes each one different from the other, In Terms of Size In Terms of Items In Terms of Prices Store Supermarkets Groceries "Sari-sari" stores

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer this question in the image below.
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
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