Temporal segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service
What exactly is spatial segmentation?One type of behavioral segmentation is temporal segmentation, in which consumers are divided into groups based on when they buy or use a product or service.
Using this method, a market can be divided into groups based on how long customers spend using a product or service. Businesses that offer goods or services that are only available during specific times of the year, such as clothing for the holidays or other special occasions, can benefit greatly from this kind of segmentation.
Businesses can better target their marketing and sales efforts, optimize production schedules, and enhance the overall customer experience by comprehending the temporal patterns of customer behavior.
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jarvis company produces a product that has a selling price of $20.00 and a variable cost of $15.00 per unit. the company's fixed costs are $50,000. what is the break-even point measured in sales dollars?
$200000 is the break-even point measured in sales dollars .
What are the breakeven sales in dollars?
The point at which a business's revenues and costs are equal is known as the break-even point.
There are two approaches to calculate the break-even point: either by figuring out how many units must be sold or by figuring out how much money must be spent on sales.
Break even point in $ = Fixed cost/Contribution margin ratio
Contribution margin ratio = Contribution/Sales *100
Contribution = Sales - Variable cost = $20-$15 = $5
Contribution margin ratio = $5/$20 *100 = 25%
Break even point in $ = $50000/25% = $200000
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Indicate whether each item identifies an adaptive or innate immunity. - Second line of defense - Acid mantle- Clonal selection - Third line of defense - Vaccines - First line of defense - Memory - Agglutination
Adaptive immunity: Vaccines, agglutination, memory, clonal selection, the third line of defense.
Innate: acid mantle, the first line of defense, the second line of defense.
What is adaptive immunity?The immune system's adaptive immune system, sometimes called the acquired immune system, comprises specialized, systemic cells and processes that either destroy infections or stop their growth. The adaptive immune system, which kills invasive pathogens, is similar to the innate immune system in that it consists of both humoral immunity components and cell-mediated immunity components.
The adaptive immune system is very specialized to each unique pathogen the body has faced, in contrast to the innate immune system, which is pre-programmed to respond to common broad categories of pathogens.
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a qualitative research approach that uses a discussion format of up to 15 individuals to gain insight into the needs of consumers or other constituents is termed
Focus groups are a qualitative research approach that involves a group discussion format to gain insight into the needs, opinions, beliefs, and attitudes of a specific group of people.
Focus groups typically consist of six to fifteen participants who share similar characteristics, such as age, gender, occupation, or consumer behavior. They are often used in social sciences, marketing, and other fields to gather data on a particular topic, product, or service. The goal of focus groups is to elicit in-depth and comprehensive responses from participants through a facilitated discussion. A skilled moderator guides the discussion, ensuring that each participant has an opportunity to share their thoughts and opinions on the topic being explored. The moderator also encourages participants to respond to one another, promoting a free and open exchange of ideas. Focus groups are generally conducted in a comfortable, non-threatening environment that fosters honest and open communication among participants. Focus groups can be structured or unstructured. Structured focus groups use a pre-determined set of questions or prompts to guide the discussion, while unstructured focus groups allow the conversation to flow more naturally. In either case, the goal is to encourage participants to share their experiences and insights related to the topic being explored. Once the focus group is complete, the data is analyzed to identify common themes, patterns, and insights that emerge from the discussion. The analysis may involve identifying specific words or phrases used by participants, or categorizing responses according to specific themes or topics.
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schools, hospitals, colleges and universities, churches, labor unions, fraternal organizations, civic clubs, foundations, and other so-called nonbusiness organizations are the components of which business market segment?
Schools, hospitals, colleges and universities, churches, labor unions, fraternal organizations, civic clubs, foundations, and other so-called nonbusiness organizations are the components of institution business market segment.
What is Market Segment?Market segmentation is the categorization of consumers for marketing reasons based on their preferences, purchasing patterns, demands, etc. With the aid of research, segmentation aims to improve marketing and the delivery of goods or services. Customers are grouped by placing them in groups according to common traits.
The business market can be divided into four segments. Producer, governmental, institutional, and reseller markets are among them. Producer markets are businesses that make purchases of goods in order to profit.
Therefore, All nonbusiness organizations are the components of the institution's business market segment.
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if bad credit risks are the ones who most actively seek loans and, therefore, receive them from financial intermediaries, then financial intermediaries face the problem of
If bad credit risks are the ones who most actively seek loans and therefore receive them from financial intermediaries, then financial intermediaries face the problem of adverse selection.
What is Adverse selection?Adverse selection is a problem that occurs when one party to a transaction has more information than the other party, and that information asymmetry leads to negative consequences for the party with less information. In the case of financial intermediaries, adverse selection arises when bad credit risks are more likely to seek out loans, while good credit risks are more likely to avoid them. This creates a situation in which financial intermediaries are more likely to lend to bad credit risks, which in turn increases the likelihood of loan defaults and losses for the intermediaries.
To mitigate the problem of adverse selection, financial intermediaries use various methods such as credit scoring, collateral requirements, and risk-based pricing. These methods help to identify and manage the risks associated with lending to bad credit risks, while also providing incentives for good credit risks to seek out loans. By using these methods, financial intermediaries can improve their ability to make informed lending decisions and reduce the likelihood of losses due to adverse selection.
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rule stating that more will be demanded at lower prices and less at higher prices is called?
The rule stating that more will be demanded at lower prices and less at higher prices is called the Law of Demand.
The Law of Demand is one of the foundational principles in economics. It states that, holding all other factors constant, as the price of a good or service increases, the quantity demanded for that good or service will decrease. Conversely, as the price of a good or service decreases, the quantity demanded for that good or service will increase. This inverse relationship between price and quantity demanded is captured by the downward-sloping demand curve.
The Law of Demand helps explain consumer behavior and is a fundamental concept in microeconomics. It is based on the assumption that consumers will always seek to maximize their utility or satisfaction and will choose to purchase goods and services that provide them with the greatest satisfaction for the lowest cost.
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When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should cmpare: ________
The economic way of thinking indicates that the purchaser should compare the additional benefits of the second car with the additional cost of the second car.
The incremental cost is the total cost incurred as a result of manufacturing one additional unit of a good. By looking at the extra expenses spent during the production process, such as raw materials, the cost of an incremental unit of production can be determined. Businesses that understand incremental costs better are able to boost production efficiency and profitability. The additional cost incurred if a business produces one more unit of a product is known as its incremental cost. The extra cost comprises of necessary expenses that only change as a result of the decision to produce more units.
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craftmore machining reports the following budgeted overhead cost and related data for this year. activity budgeted cost activity cost driver budgeted activity usage assembly $ 419,250 direct labor hours (dlh) 13,000 product design 64,500 engineering hours (eh) 1,290 electricity 21,500 machine hours (mh) 10,000 setup 53,750 setups 430 total $ 559,000 required: 1. compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. job 31 used 240 direct labor hours and job 42 used 520 direct labor hours. allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. compute an activity rate for each activity using activity-based costing. 4. allocate overhead costs to job 31 and job 42 using activity-based costing. activity cost driver activity usage job 31 job 42 direct labor hours (dlh) 240 520 engineering hours (eh) 29 35 machine hours (mh) 60 60 setups 5 7
Overhead cost refers to the indirect costs of production that cannot be easily traced to specific products or services. Examples of overhead costs include rent, utilities, insurance, depreciation, and salaries of support staff.
To compute a single plantwide overhead rate, we need to divide the total budgeted overhead cost by the budgeted activity usage of the cost driver, which is 13,000 direct labor hours:
Plantwide overhead rate = Total budgeted overhead cost / Budgeted activity usage of cost driverPlantwide overhead rate = $559,000 / 13,000 dlh
Plantwide overhead rate = $43 per direct labor hour
To allocate overhead cost to each job using the plantwide overhead rate, we multiply the number of direct labor hours used for each job by the plantwide overhead rate:Overhead cost for Job 31 = 240 dlh x $43 per dlh
Overhead cost for Job 31 = $10,320
Overhead cost for Job 42 = 520 dlh x $43 per dlh
Overhead cost for Job 42 = $22,360
To compute an activity rate for each activity using activity-based costing, we divide the budgeted overhead cost for each activity by its corresponding cost driver usage:Activity rate for Assembly = $419,250 / 13,000 dlh
Activity rate for Assembly = $32.25 per direct labor hour
Activity rate for Product Design = $64,500 / 1,290 eh
Activity rate for Product Design = $50 per engineering hour
Activity rate for Electricity = $21,500 / 10,000 mh
Activity rate for Electricity = $2.15 per machine hour
Activity rate for Setup = $53,750 / 430 setups
Activity rate for Setup = $125 per setup
To allocate overhead costs to Job 31 and Job 42 using activity-based costing, we multiply the activity rate for each activity by the actual usage of the cost driver for each job, and then sum the results:Overhead cost for Job 31 = (240 dlh x $32.25 per dlh) + (29 eh x $50 per eh) + (60 mh x $2.15 per mh) + (5 setups x $125 per setup)
Overhead cost for Job 31 = $8,367.50 + $1,450 + $129 + $625
Overhead cost for Job 31 = $10,571.50
Overhead cost for Job 42 = (520 dlh x $32.25 per dlh) + (35 eh x $50 per eh) + (60 mh x $2.15 per mh) + (7 setups x $125 per setup)
Overhead cost for Job 42 = $16,755 + $1,750 + $129 + $875
Overhead cost for Job 42 = $19,509
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why are business plans important, even for small businesses or side hustles?
When founding and running your firm, a solid business plan will walk you through each step. To organize, manage, and expand your new business, you'll utilize your business plan as a kind of GPS.
What is a founding employee?
The seven people who worked for the company when it was first established are referred to as the founding employees (subject to varying agreement and work-start dates). Founding Employees are those company employees who are listed as such on Part 1.6(a) of the Company Disclosure Letter.
a homage to Thomas Jefferson, Benjamin Franklin, and the other Founding Fathers; or Founding Father: an individual who played a significant role in establishing the U.S. government, specifically: a participant in the American Constitutional Convention of 1787.
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if the elasticity of demand for cigarettes is 0.4, a seller should multiple choice increase price to increase total revenue. decrease price to increase total revenue. increase price because the percentage change in quantity demanded will be greater than the price effect. reduce price to maximize profits.
If the elasticity of demand for cigarettes is 0.4, a seller should decrease price to increase total revenue.
Why is the demand for cigarettes is inelastic?This is because the demand for cigarettes is inelastic (less than 1), meaning that a change in price will result in a smaller percentage change in the quantity demanded.
Therefore, if the seller decreases the price, the increase in quantity demanded will more than offset the decrease in price, resulting in an increase in total revenue. Conversely, if the seller increases the price, the decrease in quantity demanded will more than offset the increase in price, resulting in a decrease in total revenue.
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if a private individual owner doesn't own more than three single-family homes at one time, which exemption from the fair housing act could apply?
Without a broker involved, a single-family home may be sold or rented, as long as the owner doesn't simultaneously own more than three of them. The Fair Housing Act prohibits landlords, sellers, and lenders from discriminating against home renters and buyers on the basis of their race, colour, religion, sexual orientation, nationality, disability, or family status.
The Department of Housing and Urban Development is responsible for enforcing the law at the federal level (HUD). Those who feel they have been subjected to discrimination by sellers or landlords are protected by federal, state, and local laws. Those who want to sellers a lawsuit alleging housing discrimination with the courts can get assistance from attorneys.
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Critical time is the amount of time that a task would be late without pushing back the completion date of the entire project.A. True
B. False
This statement is False. Critical time is the amount of time a task can be delayed without affecting the completion date of the entire project. It is a measure of project flexibility in handling unexpected delays and task changes.
Critical time is determined by subtracting the task duration from the total project duration and is expressed as the amount of time a task can be delayed. For example, if a project is scheduled to be completed in 20 days and one of the tasks within the project is scheduled to be completed in 5 days, then the critical time for that task is 15 days. This means that a task can be delayed by up to 15 days without moving the completion date of the entire project.
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rule stating that more will be demanded at lower prices and less at higher prices is called?
The rule stating that more will be demanded at lower prices and less at higher prices is called the Law of Demand.
The Law of Demand is a fundamental principle in economics that describes the relationship between the price of a good or service and the quantity demanded of that good or service. The Law of Demand states that as the price of a good or service increases, the quantity demanded of that good or service will decrease, and as the price of a good or service decreases, the quantity demanded of that good or service will increase. This inverse relationship between price and quantity demanded is a central concept in economics and is used to analyze and understand consumer behavior in the market.
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debt management ratios measure the extent to which a firm uses financial leverage and the degree of safety afforded to blank . they include the: (1) debt-to-assets ratio, (2) times interest earned ratio (tie), and (3) ebitda coverage ratio. the first ratio analyzes debt by looking at the firm's blank , while the last two ratios analyze debt by looking at the firm's blank . the debt-to-assets ratio measures the percentage of funds provided by blank . high debt ratios that exceed the industry average may make it costly for a firm to borrow additional funds without first raising more blank .
Debt management ratios gauge a company's use of financial leverage and the level of security provided to the blank. among them are the creditors.
The debt-to-asset ratio, the debt-to-equity ratio, and the times interest earned (TIE) or interest coverage ratio are examples of common debt management ratios. They will reveal whether your company is losing money and on the verge of bankruptcy or whether it can afford its debt's interest costs and repay them.
The debt-to-assets ratio calculates how much debt a business has compared to its total assets. A firm's ability to repay its debt with its available assets is determined by how much of the company is funded by debt as opposed to assets, which is measured by a company's leverage.
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if you pay $340 for life insurance annually, how much will you budget for each month? round to the nearest dollar. responses $340 $340 $170 $170 $34 $34 $28
$28 is the monthly budget for life insurance.
What is life insurance?Life insurance is a contract between a policy holder and an insurer wherein the insurer agrees to pay a sum of money in exchange for a premium upon the demise of an insured person or after a predetermined amount of time. A contract for life insurance is made between you and the insurance provider. In essence, the insurance company will give your beneficiaries a lump sum, called a death benefit, in return for your premium payments. Your recipients are free to put the money to any use they see fit.
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say that the market for soybeans is characterized by a large number of buyers and a great many small sellers, and that one soybean is essentially the same as another. what type of competition is described here?
Perfect competition is being described in the above market.
What is Perfect competition?According to economic theory, perfect competition arises when all businesses offer the same goods, the price is unaffected by market share, businesses can enter or quit the market without any obstacles, consumers have complete or perfect information, and businesses are unable to set prices. In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by a number of idealising conditions, which are referred to as perfect competition, or atomistic competition, as a whole. a marketing scenario in which there are several companies selling a single, undifferentiable product; as a result, no company has a substantial impact on price. Other current circumstances are the simplicity of new businesses entering the market and excellent market knowledge.
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michael is a case manager for a group home. stan is a man with severe developmental disabilities who lives at the group home. michael needs to seek medical coverage for stan. which government program will michael likely seek out?
Medicare. The government program will Michael likely seek out will be Medicare.
A manager is someone who is responsible for, or "leads", a part of a company.
Managers can be held accountable to their departments and the people who work there. In some cases, managers are responsible for the company as a whole/total.
For example, a "Restaurant Manager" is responsible/accountable for the entire restaurant.
A manager is a person who primarily performs administrative functions. Must have authority to hire, fire, discipline, evaluate performance, and monitor attendance.
You also need the authority to approve overtime and vacation. he or she is their boss.
A manager's tasks also include managing employees/ parts of the company in their daily work.
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For which product is demand likely to be the most elastic?a. product with many adequate substitutes
b. market demand curve
c. change in price
d. product differentiation
Product demand is most likely to be flexible given the availability of suitable substitutes. Hence the correct option is (A) a product with many adequate substitutes.
Alternative goods or services that can be utilized in place of a particular good or service are considered suitable alternatives. The benefits that the alternatives offer the consumer must be comparable and they must be available to the consumer at a comparable price for the substitutes to be considered appropriate. When there are more suitable substitutes accessible to consumers, they are more inclined to move to alternative items, which might affect how elastic the demand for a product is. A product's demand is more likely to be inelastic if there aren't many viable alternatives, which means that a change in price may not have a substantial impact on the amount demanded.
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true or false: the texas safety responsibility law, or evidence of financial responsibility law, requires texas drivers to carry an automobile liability insurance policy before attempting to use any roadway.
True. The Texas safety responsibility law, or evidence of financial responsibility law, requires Texas drivers to carry an automobile liability insurance policy before attempting to use any roadway is correct.
Texas safety responsibility law:
The Motor Vehicle Safety Liability Act also describes the process for filing a claim with the Texas Department of Public Safety (DPS) if an individual is involved in a motor vehicle accident. The requirements associated with this law can often be confusing to many.
If you have been seriously injured or killed in a road accident, you should contact Fleming Law, P.C. as soon as possible. turn around. Call or online for a free consultation today. A lawyer can fully evaluate your case.
Under the Motor Vehicle Safety Liability Act, DPS assists those injured in accidents caused by drivers who have failed to demonstrate financial responsibility for their vehicle.
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as part of their alliance relationship, northwest airlines and klm royal dutch set air fare prices jointly and coordinate flight schedules. normally, such behavior would be considered harmful to competition, but the u.s. government has granted the two airlines special exemptions from laws concerning:
The U.S. government has granted Northwest Airlines and KLM Royal Dutch special exemptions from antitrust laws concerning price fixing and coordination of schedules.
Antitrust laws are designed to promote and protect competition in the marketplace by prohibiting certain practices, such as price-fixing, bid-rigging, and market allocation agreements, that limit or restrain competition. However, in some cases, government agencies may grant exemptions from antitrust laws if they determine that certain collaborative or cooperative arrangements between companies benefit consumers or promote public welfare.
In the case of Northwest Airlines and KLM Royal Dutch, the U.S. government has granted them a special exemption from antitrust laws to allow them to engage in joint pricing and scheduling decisions as part of their alliance relationship. This exemption allows the two airlines to coordinate their services, streamline operations, and offer more convenient and efficient travel options to customers.
The exemption was granted under the International Air Transportation Competition Act (IATCA) of 1979, which allows the U.S. Department of Transportation to grant immunity from antitrust laws to international air carriers that engage in collaborative activities. To qualify for the exemption, the airlines must demonstrate that their cooperative activities will not harm competition, and that the benefits to consumers outweigh any potential anti-competitive effects.
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Answer:
The US government has granted Northwest Airlines and KLM Royal Dutch Airlines special exemptions from antitrust laws that generally prohibit anticompetitive behavior such as jointly setting airfares and coordinating flight schedules. These exemptions allow the two airlines to benefit from the efficiency of combined operations without fear of legal repercussions.
person-focused pay programs depend, in large part, on well-designed training programs. question 8 options: true false
I believe that the company's true person-focused pay policies rely heavily on effective training programs.
Which five popular training modalities are there?There are five main categories of training: orientation training, vocational training, trade training, internship training, and retraining.
What is an exercise strategy?An structured method of developing a training curriculum for staff members is called a training strategy. In order to ensure that staff members have the skills necessary to produce good business results, an efficient employee orientation program is a key stage in their professional growth.
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1) a pension fund manager must satisfy a liability of $9,000,000 in six years from now. assuming that an annual interest rate of 7.5% can be earned on any sum invested today, how much must the manager invest in order to have the funds necessary to meet the liability coming due 6 years from now?
The manager should invest $5,548,430.92 in order to have funds necessary to meet liability coming due 6 years from now.
What is a fund?A fund is a pool of money that is collected from various investors and is used for a specific investment purpose. These investments can be made in a variety of assets like stocks, bonds, real estate, or commodities. Funds are typically managed by professionals who use their expertise to make investment decisions on behalf of the investors. The investors in a fund receive returns based on the performance of the underlying assets. There are different types of funds such as mutual funds, exchange-traded funds (ETFs), hedge funds, and pension funds. Funds are a popular way for individuals to invest in a diversified portfolio of assets without having to manage them directly. They also offer economies of scale, lower transaction costs, and professional management.
PV = FV/(1 + r)^n
PV = $9,000,000 / (1 + 0.075) ^6
PV = $5,548,430.92
Therefore, manager must invest $5,548,430.92 today to have enough funds to meet liability of $9,000,000 in six years, assuming annual interest rate of 7.5%.
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the government raises lump-sum taxes on income by $100 billion, and the neoclassical economy adjusts so that output does not change. if the marginal propensity to consume is 0.6, private saving:
Private savings in the economy will decrease by $40 billion.
What is the Calculation ?The amount by which the government raised lumpsum tax = T = $100 billion.
The increase(or, rise) in T will reduce the disposable consumer income (or, Yd) by $100 billion
Yd = Y - T
Where Y is the total output of the economy
So, the increase(or, rise) in T reduces the Yd by the amount by which taxes are levied on a lumpsum basis.
The MPC (or, marginal propensity to consume) is the measure of the change in people’s consumption expenditure as their income changes.
Here, MPC = c = 0.6
The consumption function will fall by MPC*T
= 0.6 times ($100 billion)
= $60 billion
The change in private savings
= - $100 billion - (MPC*T)
= - $100 billion - (0.6 * -$100 billion)
= - $100 billion + $60 billion
= - $ 40 billion
Private Savings= total income - lump sum taxes - consumption= Y - T - c(Y-T)= (Y-T) (1-c)
As the change in Y is 0 and the change in T is $100 billion,
The change in private savings= (0-$100 billion) (1-0.6)= - $100 billion * 0.4
= - $40 billion
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what effect will the government's decision to give a subsidy to developers of apartment buildings (give them a check to build an apartment building) have on the market for free-standing homes immediately after the subsidy is implemented?
A government rent subsidy scheme may be affected by the decision to provide financial assistance to apartment building developers.
In Illinois, how can I obtain assistance with my rent?If you are facing eviction, foreclosure, homelessness, or are already homeless, call the Illinois Department of Human Services at (833) 234-6343 to get connected with rental/mortgage/utility assistance. Also available are connections to resources for food, healthcare, lodging, recovery, and other things.
In Illinois, who is eligible for financial aid?You must be an Illinois resident, a U.S. citizen, a legal immigrant, or a qualified alien to be eligible for Illinois TANF. You must be unemployed, employed part-time, or earning very little money.
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if a firm is to create profit, it must supply a product for which the customer's willingness to pay exceeds the cost incurred in supplying that product. true false
The statement is True. if a firm is to create profit, it must supply a product for which the customer's willingness to pay exceeds the cost incurred in supplying that product.
A firm is a business employer together with an employer that produces and sells items and offerings with the aim of producing revenue and making earnings. Examples of corporations are sole proprietorships, partnerships, restrained legal responsibility corporations, or agencies. The time period is slightly extra typically related to a partnership.
A firm is an enterprise agency that seeks to make a profit thru the sale of goods and offerings. The time period company is synonymous with commercial enterprise or corporation. companies can perform beneath numerous distinct systems, including sole proprietorships and companies. A firm refers to a commercial enterprise concerned with the selling of products and services for earnings, usually expert offerings. alternatively, an employer refers to a business worried about any earnings-producing interest involving the sale of goods and services and includes all business trades and systems.
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if a nation begins to trade, it will wish to buy (import) the product for which its own relative price is:
If a nation begins to trade, it will wish to buy (import) the product for which its own relative price is: higher than other nations.
Trade is the voluntary exchange/interchange of goods and services between various economic agents. Neither party is obligated to bargain, so a deal will only occur if both parties deem it to be in their own interests.
Trade can have more specific meanings/definitions in different contexts. In financial markets, trading refers to buying and selling securities, commodities, or derivatives. Free trade means the international exchange of goods and services unhindered by tariffs and other trade barriers.
In macroeconomics, trade usually refers to international trade, the system of imports and exports that connects the global/international economy. Products sold on the global market are exports and products purchased on the global market are imports.
Exports can be an important source of wealth for well-connected economies.
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What is the break-even point for the american division?
The break-even point for the american division is divide the fixed cost by the revenue per unit minus the variable cost per unit. A fixed cost is a cost that does not change no matter how many units you sell.
To calculate the breakeven point in units, use the following formula:
Breakeven point (units) = fixed cost ÷ (selling price per unit – variable cost per unit) or in sales dollars using the formula:
Breakeven point = fixed cost / price per cost – variable cost
The break-even point is the point at which the producer can sell the product to recover all production costs and neither profit nor loss occurs. Break-even point (BEP) or break-even level is the amount of sales (either units (quantity) or sales (sales) required to cover total costs that consist of both fixed and variable costs) ). company. The total profit at breakeven is zero.
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cookies (in dozens) coffee (in pounds) 1000 0 800 325 600 575 400 800 200 1000 0 1150 based on the values in the table, the production possibilities frontier is group of answer choices bowed outward indicating increasing opportunity costs. bowed outward indicating decreasing opportunity costs. a straight line indicating constant opportunity costs. bowed inward indicating decreasing opportunity costs.
The Production Possibility Frontier is bowed outward, indicating increasing opportunity costs.
The production possibilities frontier with a bowed-out form suggests that when more of one commodity is produced in exchange for the other, the opportunity cost along the Production Possibility Frontier rises. Hence, option a.) is correct.
The opportunity cost rises because the efficiency of this reallocation keeps deteriorating as more units of one commodity are produced by forgoing some units of another. After all, the good can be produced more effectively using the available resources.
The quantity of two items that could be produced if they both used the same finite resource is shown on a graph curve called the production possibility frontier (PPF). Another name for the Production Possibility Frontier is the Production Possibility Curve.
The Production Possibility Frontier is also important in economics. It can, for example, show that a country's economy has reached the highest level of efficiency possible.
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The complete question is:
Cookies (in dozens) Coffee (in pounds)
1000 0
800 350
600 650
400 800
200 1000
0 1150
Refer to Table 2-5. Table 2-5 shows one set of production possibilities. Based on the values in the table, the production possibilities frontier is
A. bowed outward indicating increasing opportunity costs.
B. bowed outward indicating decreasing opportunity costs.
C. a straight line indicating constant opportunity costs.
D. bowed inward indicating decreasing opportunity cost
jerry's flowers sold and shipped merchandise across the country to a buyer. the terms were fob destination. assuming it paid the bill immediately, demonstrate the journal entry required by jerry's flowers under the perpetual inventory system to record the freight charges. multiple choice question. debit merchandise inventory; credit cash. debit sales; credit cash. debit merchandise inventory; credit freight-out. debit delivery expense; credit cash.
Jerry's Flowers would need to make the following journal entry under the perpetual inventory system to record the freight expenses for FOB destination terms.
Expenses for delivery paid by debit; cash paid via credit The vendor (Jerry's Flowers) is liable for the products and shipping charges until they arrive at the buyer's destination. As a result, Jerry's Flowers must account for delivery costs separately on its income statement. Debiting Delivery Expense accounts for Jerry's Flowers' cost of delivering the product to the customer. The payment of freight charges is accounted for by crediting Cash. In this circumstance, the other alternatives stated in the question are incorrect. Because the inventory has not yet been recorded, debiting Merchandise Inventory is wrong. It is wrong to debit Sales.
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suppose there is a permanent decrease in market demand in a constant-cost industry. in the long-run, this change in demand will cause the industry to have
In the long-run, a permanent decrease in market demand in a constant-cost industry will cause the industry to have a decrease in both price and quantity of output.
In the long-run, all inputs are variable, including plant size, and firms have time to adjust their production levels to changing market conditions.As demand decreases, firms will produce less and eventually some firms will exit the industry. This will cause the remaining firms to increase their market share and have more bargaining power with suppliers, which will lead to lower average costs. As average costs fall, firms will be able to lower their prices to increase demand and regain some of the lost market share. However, the new market price will likely be lower than the original price, leading to lower revenue and profitability for firms in the industry.
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