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14 January, 08:04

Introduction: Match each type of incentive with the best example given.

negative consumer incentive

price increases

positive consumer incentive

making more money

positive producer incentive

high manufacturing costs

negative producer incentive

sale prices

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  1. 14 January, 08:09
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    Positive producer incentive : making more profit

    Negative producer incentive : High manufacturing cost

    Positive consumer incentive : reduction in sales price

    Negative consumer incentive : Price increase

    Explanation:

    Incentives may be described as actions which are used to either motivate, entice both producers or consumers. This type of incentives are usually classed as positive.

    Incentives may be either positive or negative. Negative incentive may be regarded as actions which may lead a market forces from refraining from a certain action or activity.

    Negative consumer incentive will look to ward off consumers from making a purchase. E. G

    Price increase

    Positive consumer incentive will entice and motivate consumer into making a purchase. E. G reduction in sales price

    Positive producer incentive will seem to increase producer's profit and improve efficiency of production E. G Making more money

    Negative producer incentive will seem to place extra burden and heighten production cost E. G

    High manufacturing cost
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