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Based on the concept of scarcity, which thought should drive members' decision-making process to determine how to fundraise?

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Based on the concept of scarcity, the thought that should guide the decision-making process of members to determine how to fundraise is:

  • Are there enough volunteers to work in the car wash?

What is scarcity?

It is an economic problem that is based on the law of supply and demand. Scarcity is based on human consumption needs and desires, while supply is dependent on limited resources for production, and there needs to be a balance between both so that there is no shortage and economic imbalance.

Therefore, to reduce scarcity it is necessary to organize and structure the business and allocate resources in order to be able to meet the demand in the right time and quality.

This is an incomplete question, whose full announcement is:

  • School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game to raise funds, but others want to organize a car wash in the school parking lot.
  • Based on the concept of scarcity, what thinking should guide the decision-making process of members to determine how to raise funds?

Find out more about scarcity here:

https://brainly.com/question/3081250

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