Normal instances of market division incorporate geographic, segment, psychographic, and conduct.
What are some common approaches to market segmentation?The four most common types of market segmentation are demographic, psychographic, behavioral, and geographic segmentation. However, there are many other strategies you can use as well, including numerous variations on the four most common types. Here are a few more approaches you might want to consider.
Give an example of a strategy for market segmentation, targeting, and positioning?A three-step marketing framework is known as STP marketing (Segmentation Targeting and Positioning). With the STP interaction, you fragment your market, focus on your clients, and position your proposing to each portion. The Cola Wars of the 1980s are the most well-known instance of STP marketing.
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Question-
U.S. dairies attempted to ________ chocolate milk on the perceptual map so that it was viewed as more nutritious and more appropriate for adults
a. reposition
b. realign
c. recategorize
d. refresh
a stock has an expected return of 11.7 percent, its beta is .92, and the risk-free rate is 5.85 percent. what must the expected return on the market be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer will be:
Expected return = risk-free rate + beta (return on market - risk-free)
expected return = 5.85% + .92% (11.07% - 5.85%)
= 15.847%.
What is an expected return?
According to the investment's historical return or potential rates of return under different situations, the expected return is the amount of money an investor anticipates making on their investment. The yearly return rates of the major indices offer a reliable forecast of future market performance for investors who do not utilise a portfolio manager to access this past data.
The historical return rate of an index, such as the S&P 500, Dow Jones Industrial Average (DJIA), or Nasdaq, provides the foundation for the majority of computations used to determine the predicted market return rate. Investors calculate the average of the index's past return percentages and use that number as their predicted return for the following investing period.
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the salesperson should always think the first offer the buyer makes should be his or her
The salesperson should always think first offer buyer makes should be his or her best offer to make the sales.
What is sales?Sales are the activities involved in making a sale or the quantity of merchandise that is sold in a given period of time. The provision of a service in exchange for payment is also viewed as a sale. A sale is completed by the seller or supplier of the goods or services in response to an acquisition, appropriation, requisition, or direct interaction with the buyer at the point of sale. Typically, the seller, not the buyer, completes the sale, and occasionally, this happens before the buyer is required to make a payment. The majority of jurisdictions in the United States have ratified Article 2 of the Uniform Commercial Code, suggesting some degree of similarity in the rules governing the sale of commodities, with some non-uniform differences.
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f mega corp. borrows for $9,000 in 2012 and agrees to pay the lender $10,500 in one year, the interest rate on this loan is approximately: 8.6 percent. 14.3 percent. 16.7 percent. not enough information to determine.
Principal Amount = 9,000
Final Amount = 10,500
Interest Amount = 10,500 - 9,000 = 1,500
Interest Percentage = x% of 9,000 = 1,500
x = 1,500 * 100/9,000
x = 16.666 or 16.7
What causes such high interest rates?
In an effort to slow down rapidly rising inflation, the Federal Reserve has begun boosting interest rates. Many people are now wondering why rate increases, which boost the cost of borrowing money, are America's primary instrument for lowering costs in light of these actions. Currently, inflation is being caused by an imbalance in the economy.
What transpires as interest rates increase?Existing bond prices automatically fall on the market when the Fed raises interest rates. This is due to the upcoming release of new bonds that will pay investors greater interest rates.
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jake is shopping for a new toaster oven. he wishes to calculate the total cost of his purchase before going to the register, including the 9% sales tax. what's the total cost of the toaster oven that jake wants to buy if its price is marked at $39.99?
Jake's total cost of his purchase before going to the register is $43.59.
Define Sales Tax.When certain products and services are sold, the government is charged a fee known as a sales tax. Taxes on goods and services that customers pay directly to a governing body are sometimes referred to as use taxes. Sales tax pays for items on the state and local budgets including roads, fire agencies, and schools. The collection of all outstanding sales tax is something that many local governments take extremely seriously because it is how they sustain their budgets.
Original price = $39.99,
Sales tax = 9%
Total amount due = Original price + Sales Tax Amount
= 39.99 + (39.99 * 0.09)
= 39.99 + 3.599
= $43.59
Therefore Jake's total cost of his purchase before going to the register is $43.59.
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QUESTION 10/15 What formula would produce the value in Cell C25? A B С 24 Item Type Result Door F 25 Door ד 26 Table 27 Chair ס ס ד 28 Desk Image not displaying? =CONCATENATE(ITEM," ",TYPE) =RIGHT(A25,825) =CONCATENATE(A25," ",B25) =LEFT(A25,B25) =CONCATENATE(A25,B25)
Note that this is a Microsoft Excel Question. The formula that would produce the value in Cell C25 is: =CONCATENATE(A25," ",B25) (Option C).
What does the Concatenate Function do?CONCATENATE means "to unite or merge." In Excel, the CONCATENATE function is used to merge text from many cells into a single cell.
In Excel, choose the cell where you wish to enter the formula. In that cell or in the formula bar, enter =CONCATENATE. Hold down the Ctrl key and click on each cell you wish to concatenate. Release the Ctrl key, then enter the closing parenthesis.
The CONCATENATE function combines text from many cells into a single cell. In our example, we can use it to combine the content from columns A and B to form a combined name in a new column. Before we begin coding the function, we must create a new column in our spreadsheet for this information.
Concatenation may be classified into two categories. They are as follows:
Concatenation with partitions.Concatenation of sequences.Learn more about Concatenate:
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which one of the following statements describing brand equity is not accurate? a) it is an asset representing the value created by the relationship between the brand and its customers over time. b) the stronger the relationship with the consumer, the greater is the brand equity. c) it represents the total value that accrues to a product as a result of a company's cumulative investments in the marketing of the brand. d) it can be thought of as an asset representing the value created by the relationship between the brand and its customers over time. e) it is a perception about a brand as reflected by brand associations that consumers hold in their memories.
The stronger the relationship with the consumer, the greater is the brand equity is not accurate describing brand equity.
Just what is a brand?A brand is a concept used in business and marketing to help consumers recognize a specific organization, item, or person. As a result of their intangibility, brands cannot be physically touched or seen. They so assist in influencing how people view organizations, their goods, or particular people.
Describe a brand example.Mountain Dew is a classic example of product branding. The name, color, voice, and personality of Mountain Dew are all unique. Even when the generic product is not present, one can still identify the brand.
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what type of owner would want his or her farm manager to place a greater emphasis on appearance than on financial return?
Gentleman farmer want his or her farm manager to place a greater emphasis on appearance than on financial return.
The price change over time of a project, investment, or asset is known as a return, and it can be expressed in terms of either a price change or a percentage change.A gain or loss is indicated by a positive or negative return.A holding period return, on the other hand, determines the gain or loss over the entire time an investment was held, whereas returns are frequently annualized for comparison purposes.While only interested in price change, the nominal return does not take into account the effects of inflation or other external factors.For stocks, the total return includes dividend and interest payments in addition to price change.For use in fundamental analysis, a number of return ratios are available.Learn more about Return, here
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luca, the owner of an online retail store, wants to create an audience that includes users who are likely to make a purchase within the next seven days. what can luca do to accomplish this?
Recommend a strategy for an online retail store that consists of two campaigns, one aimed at parents of newborns and the other at parents of toddlers, each with a corresponding video creative.
Strategy, also known as "where to play and how to win," is the place and method where you will concentrate your efforts in order to achieve your objectives. It specifies a particular strategy that will get you from where you are right now to where you want to be.
A marketing campaign is a long-term plan to advertise a good or service through several channels. It usually has one objective, which is to boost sales of a particular product.
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why did antilabor feelgings in the united staes grow stronger after the sticke by works from the mccormik harvester company in 1886?
The antilabor feelings in the United States grow stronger as McCormick Harvester Company's striking employees gathered to protest the killings and the start of the previous day.
Seven police officers were killed by a bomb that an unknown individual tossed. Many Americans from the middle class connected the labour movement to terrorism and social issues. The Chicago police and labour union activists were the two main parties involved in the Haymarket Riot.
Thousands of employees from all around the country took part, including those from the Chicago facility of the McCormick Harvester Machine Company. Later, in relation to the Haymarket Riot, a number of additional labour militants were detained. Eight individuals in total were accused, found guilty, and given the death penalty.
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cash flows from______ activities include both inflows and outflows of cash from the external funding of a business.
cash flows from financing activities include both inflows and outflows of cash from the external funding of a business.
What are cash flows from financing activities?
Cash flow from financing operations refers to the net amount of funding a company generates over a given time frame.
Financial activity includes, for example, the issue and repayment of equity, dividend payments, the issuance and repayment of debt, and capital leasing obligations.
The various transactions that involve the transfer of money from the company to its owners, creditors, or investors in order to achieve long-term growth and economic objectives are referred to as financing activities. These transactions have an impact on the equity and debt liabilities that are shown on the balance sheet; these transactions can be examined through the cash flow from finance section of the cash flow statement of the business.
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When calculating interest on a promissory note with the maturity date stated in terms of days, the
maker pays more interest if 365 days are used instead of 360.
maker pays the same interest regardless if 365 or 360 days are used.
payee receives more interest if 360 days are used instead of 365.
payee receives less interest if 360 days are used instead of 365.
Answer:
"interest" (and any subsequent words) was ignored because we limit queries to 32 words.
Factoring receivables is beneficial to a seller for all of the following reasons except:
a) Allows firms to receive cash earlier.
b) Passes ownership of the receivables to the factor.
c) There are no fees for factoring.
d) Seller avoids the cost of billing and accounting for receivables.
e) May transfer the risk of bad debts to the factor.
Factoring receivables is beneficial to a seller for all the reasons mentioned above, except for the fact that there are no fees for factoring. Therefore, the option C holds true.
Receivables can be referred to or considered as the total bills or cash which is due to be received by the company, but the amount has not been cleared yet, and is not available directly cash available in the hands of the company. Moreover, when it is factored, it engages the incurring of fees, which is a cost. As this is not a benefit, it is not beneficial with respect to the factoring of receivables.
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If commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas, the Cardholder must:
1.Cancel the purchase and find a merchant that does offer commercial, door to door shopping
2.Coordinate with their transportation service support office before initiating the transaction
3.None of these responses is correct
4.Ensure approximate shipping information has been provided
If commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas, the Cardholder must 2. coordinate with a transportation service support office before initiating the transaction
In the field of business, the Governmentwide Commercial Purchase Card (GPC) is a card that is issued to a business owner to spend revenue from this account to buy any kinds of goods and services that he wants.
For some Governmentwide Commercial Purchase Card's (GPC), the service of delivering products to the doorstep is available. However, if someone used a Governmentwide Commercial Purchase Card that does not have door-to-door shipping, then in such a case, the cardholders need to ask a reliable transportation service to deliver the product for them. Only after the transportation service is sorted, the cardholder should make the purchase. If there is no reliable transportation service, then the transaction should not be made. Hence, option 2 is correct.
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The value of the marginal product of any input is equal to the marginal product of that input multiplied by the
a. wage.
b. marginal cost of the output.
c. change in total profit.
d. market price of the output.
The value of the marginal product of any input is equal to the marginal product of that input multiplied by the d. market price of the output.
What is marginal product?The marginal product of an input, can be described as the extra output that results from adding one unit of the input to the existing combination of productive factors.
It should be nopted that the marginal product or marginal physical productivity of an input serves as the change in output resulting from employing one more unit of a particular input.
Therefore, option D is correct.
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universal sports supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. credit sales of $555,000 generate a gross profit of $185,000. calculate the receivables turnover ratio for the year. (round your final answer to 1 decimal place.)
Receivables Turnover Ratio is 3.96 . Hence the final answer is 3.96.
Receivables Turnover Ratio = Credit Sales/Average Accounts Receivable
Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable)/2
Average Accounts Receivable = ($130,000 + $150,000)/2 = $140,000
Receivables Turnover Ratio = $555,000/$140,000 = 3.96
Receivables Turnover Ratio = 3.96 (to 1 decimal place)
Accounts Receivable Turnover ratio indicates how many times the accounts receivables have been collected during an accounting period. It can be used to determine if a company is having difficulties collecting sales made on credit. The higher the turnover, the faster the business is collecting its receivables.
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personal selling permits too much wasted coverage. c. there may be inconsistency in the presentation of the message from one salesperson to another. d. a salesperson cannot control to whom a presentation is made. a. presentations often provide little opportunity for consumer feedback. e. personal selling is subject to extensive federal, state, and company regulation.
Personal sales flexibility has several drawbacks. To avoid providing all consumers with a consistent message, different salesmen can alter it.
Explain personal sales.A great spot to observe personal selling in action is in department store perfume and cosmetic sections. Customers can test out various options and get guidance on how to utilize the product. Products with relatively high costs or complex features are usually sold using personal selling techniques.
Are personal sales compensated?Selling agents are independent salespeople who work on a commission-only basis for one or more businesses under contract. A small firm can save time and money by using a selling agent instead of searching for and paying for an internal sales staff.
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Which of the following is true of the best case scenario for expansionary fiscal policy ? A. there are lots of underemployed resources
B. there are few underemployed or unemployed resources
C. there are lots of underemployed resources but few unemployed resources
D. there are lots of unemployed resources but few underemployed resources
The best-case scenario for an expansionary fiscal policy would result in a large number of underutilized resources.
What is the ideal course of fiscal policy?The best case scenario for expansionary fiscal policy is when the economy has a large number of underutilized resources and the government is adept at locating and directing these resources. A recession brought on by a shock to aggregate demand is the best case scenario for fiscal policy.
Which of the following best describes a fiscal policy that is expansionary?Tax reductions and higher government spending are the two primary manifestations of an expansionary fiscal policy. Both of these measures aim to boost overall demand while adding to deficits or reducing budget surpluses.
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the degree to which potential customers perceive new products as superior to existing substitutes is its . question 49 options: a) trialability b) compatibility c) relative advantage d) complexity e) observability
(c) relative advantage. Its relative advantage is the extent to which prospective buyers believe new items to be preferable than current alternatives.
In terms of particular advantages or characteristics, relative advantage refers to the extent to which customers perceive a new brand to be superior to current options. A new brand in a new product area may have a relative advantage, but this is not always the case when measured against objective criteria. The adoption rate of an invention is positively connected with the relative benefit. It indicates that, assuming all other factors remain constant, the faster an innovation's relative benefits assimilate to current products, the faster it will be adopted. On the other hand, here are some comparable drawbacks of a new brand: the cost and complexity of learning to use a new product
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Manager's Hot Seat: Groping For Answers Equal Employment Opportunity Laws Offer Employee Protection Against Discrimination.
Manager's Hot Seat: Groping For sexual harassment
Overt or subtle sexual references, as well as unwelcome and inappropriate offers of rewards in exchange for sexual favours, are all examples of sexual harassment. Sexual harassment encompasses a broad range of actions, from verbal missteps to sexual abuse or assault. Workplaces, families, schools, and places of religion are just a few of the social settings where harassment can occur. A victim or a harasser could be of any sex or gender. Legal restrictions in place today prohibit sexual harassment. Sexual harassment regulations sometimes do not forbid simple teasing, casual remarks, or minor isolated incidents since they do not impose a "universal decency norm." Sexual harassment at work may be considered criminal when it occurs regularly or seriously.
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during 2007 and 2008, the market for which short-term investment stopped functioning and had to be rescued by the federal reserve?
during 2007 and 2008, the market for commercial certificates for deposit short-term investment stopped functioning and had to be rescued by the federal reserve.
Federal reserveTerms That Are Related The Federal Reserve System, sometimes known as the Fed, is the United States' central bank, in charge of overseeing the country's monetary and financial systems. The Federal Reserve Act of 1913 established the present Federal Reserve System and established the Central Bank to manage monetary policy. The Federal Reserve System (FRS), sometimes known as the Fed, is the United States' central bank and perhaps the most powerful financial organization in the world. It was established to provide the country with a secure, adaptable, and stable financial and monetary system.
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Which of the following types of economy describes the economy of the India Mcq? A. Capitalist B. Socialist C. Mixed Economy D. None of the above
The Indian economy is best characterized as a (C) mixed economy.
What is a Mixed Economy?An economic system that combines parts of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise is referred to as a mixed economy.
A blend of free-market and socialist ideals characterizes all mixed economies.
While there is no one definition of a mixed economy, one definition focuses on a mix of markets with state interventionism, specifically referring to a capitalist market economy with strict regulatory monitoring and significant market interventions.
Another is the active fusion of socialist and capitalist ideologies. India has a mixed economy, so there are both governmental and private organizations there.
Therefore, the Indian economy is best characterized as a (C) mixed economy.
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intask corporation uses the first-in, first-out method in its process costing system. beginning inventory in the mixing department consisted of 6,000 units that were 75% complete with respect to conversion costs. ending work in process inventory consisted of 5,000 units that were 60% complete with respect to conversion costs. if 12,000 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: multiple choice 10,500 units 13,500 units 12,500 units 13,000 units
if 12,000 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be c) 12,500 units.
Equivalent unit of conversion : (8000*25%+8000*100%+7000*60%) = 14200 units
Equivalent unit of conversion = 14200 units
so the answer is b) 14200 units
Equivalent unit of material = (Beginning work in proces*percent completion+unit started+ending work in proces*percent completion)
39000 = (8000*65%+X+6000*.65)
39000 = 9100
X(unit started & Completed) = 29900
Units started = (29900+6000) = 12,500 units
so the answer is c) 12,500 units.
Equivalent devices describe how plenty of paintings have been achieved on a positive range of physical items. To truly calculate equivalent units, you can multiply the wide variety of bodily gadgets by way of the percentage of the work achieved on them. for two objects which are 50% accomplished, you would have one equal unit (2 x 50% = 1). equivalent units are notional entire devices that are equal to the range of incomplete gadgets adjusted for his or her level of entirety. for example, if there are 200 incomplete devices in a procedure on the give up of a period and they're seventy five% whole then that is equal to one hundred fifty (two hundred × 0. seventy-five) entire (complete) units.
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Which intangible asset is recorded only as part of the acquisition of another company? O A Copyright O B. Goodwill OC. Franchise OD. Patent Click to select your answer.
Option b) Goodwill is the right response. A purchase consideration is the amount paid to the target company when a firm buys another company as part of a business agreement.
This purchase consideration is typically decided upon at the time of the acquisition by the acquirer and the target company. When the purchase price paid exceeds the target business's fair market value, the excess is seen as having been paid for the target company's goodwill, which is subsequently recorded as part of the acquisition of another firm. And if the purchase consideration is less than the target company's market value, or if the purchase consideration exceeds the target company's fair market value, the difference is recorded as a capital reserve.
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the financial statements of a public college or university are most like what part of a general-purpose government's financial reports? select one: a. government-wide financial statements b. fiduciary funds' financial statements c. proprietary funds' financial statements d. government funds' financial statements
A public college or university's financial statements are most similar to government funds' financial statements, which are part of a general-purpose government's financial reports.
What exactly are general financial reports?A GPFS is described in AASB 101 Presentation of Financial Statements as "those intended to suit the needs of users who are not in a position to ask an entity to generate reports tailored to their particular information needs," and it must comply with all applicable standards. They show you where a company's money originated from, where it went, and where it is today. There are four major financial statements. They are as follows: (1) balance sheets, (2) income statements, (3) cash flow statements, and (4) statements of shareholders' equity. These statements include the income. The key customers of general purpose financial reports are existing and potential investors, lenders, and other creditors (OB5).
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It is difficult, but not impossible, to integrate marketing communications across all platforms, including social media. (True or False)
It is difficult, but not impossible, to integrate marketing communications across all platforms, including social media. This statement is true.
What is marketing communications?
Advertising, promotions, sales, branding, campaigns, events, and internet promotions are all examples of marketing communications. The procedure enables the general public to get familiar with or comprehend a brand and gain a comprehensive understanding of what the brand offers. The initial step is brand recognition, and the final goal is brand preference over rival brands. Growing technology and practises have made it possible for customers to participate directly. This is accomplished by incorporating their concepts and works into brand development and product development. Targeting people who understand the organization's goal and vision, corporate values, and marketing strategy is essential for successful branding.
A tiny but crucial component of marketing communications is advertising.
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you want to open a boat detail business and you are trying to target new customers. if you target boat owners who live or dock near the marina that you are located in, which segmentation method are you using?
The behavioral segmentation method is to be used if there is a plan that the boat owner is going to use to target the customers.
An organisation or entrepreneurial entity engaging in mercantile, industrial, or professional activity is referred to as a business. Businesses can just be for-profit corporations or charitable institutions. Limited liability firms, sole traders, corporation, and partners are among the several forms of businesses.
What targeting as well as segmentation techniques are you employing? The term "behavioural segmentation" refers to an advertising technique where clients are divided into groups based on how they engage with a specific employer or website.
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which statement about prices is true? prices have just a small inlfuence a companys bottom line price is the sum of all the valus that customers give up on to gain the benefits of having
Price is the sum of all the values that customers give up statement about prices is true.
What is price?
A price is the sum of money that one party pays or receives in exchange for another's goods or services. The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a commercial exchange, its price is most likely to be referred to as such.
Price is the sum of money customers are willing to spend on a thing. Marketers must consider supply costs, seasonal discounts, rival prices, and retail markup in addition to connecting the price to the product's actual and perceived value.
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in 2021, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. in 2020, the company made an annual profit of $200,000. it has been predicted that, despite a steady growth, the company's variable costs will likely equal $300,000 by 2023. the total costs of the company in 2021 were
A company's fixed costs in 2021 were $500,000, but its variable costs came to $150,000. The business generated a $200,000 annual profit in 2020.
Briefing:-It has been estimated that the company's variable costs will probably reach $300,000 by 2023, despite sustained expansion. In 2021, the corporation spent $650,000 in total.
What are the components of variable costs?Any costs that fluctuate according to how much a business produces and sells are referred to as variable costs. Accordingly, variable costs grow when production is higher and decline when production is lower. Labor, utility prices, commissions, and raw materials are a few of the most typical categories of variable costs.
How can you determine a business' variable costs?Calculation of Variable Costs In order to determine variable costs, multiply the price of producing one unit of your product by the overall number of goods you have produced. The following is the formula: Cost per Unit x Total Units = Total Variable Costs.
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2. Which of the following examples demonstrates elastic supply?
sesor a ar vingue lo
a. The price of submarine sandwiches rises 50 percent; the quantity supplied
by the deli rises 30 percent.
b. Gasoline prices rise from $1.50 to $3.00 a gallon, and refineries increase
production 10 percent.
sis
ins510g 21 me
c. Nurseries cut the price of rose bushes in half, but because the bushes are two
years old, supply remains fixed.
d. A CD fails to be a hit, stores discount it by 30 percent, and the recording
company lowers production by 50 percent.
Note that according to the principles of Elasticity, the example above that conforms or exhibits elasticity of supply is "A CD fails to be a hit, stores discount it by 30 percent, and the recording company lowers production by 50 percent." (Option D)
What is Elastic Supply?The price elasticity of supply is an economic statistic that shows how sensitive or elasticity, the amount provided of an item or service is to a change in its price.
In this instance, CD supply is elastic because the recording firm can considerably reduce output in reaction to the price reduction induced by the CD's failure to be a hit.
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answer each of the following questions regarding the market for labor in the fast-food industry. a. if wages in the retail industry increase (assume that the retail industry requires similar skills as the fast-food industry), the market supply curve for labor will shift to the left. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. b. if new legislation limits the number of hours that workers under the age of 18 can work each week, the market supply curve for labor will shift to the left. the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor. c. if, in seeking to increase opportunities for lower income families, the government significantly increases subsidies available for individuals to pursue a college education, the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the left. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor.
if wages in the retail industry increase, the market supply curve for labor will shift to the left. Thus, option A is correct.
What is the market?
A market is a gathering place for consumers and merchants where they may exchange items/solutions. Markets could be real-world, like a physical store, or digital, like an online retailer. In addition, there are financial markets, bid industries, and illicit markets.
The market aggregate supply for laborers will shift to this same left if retailer wages rise. Along with labor-market aggregate supply, the point corresponding to the balance pay and workforce size will go down and to the left. This will be the one that will determine the shift in the values.
The job market aggregate supply will veer to the privilege. Along the job market aggregate supply, the point corresponding to the equilibrium pay and workforce size will shift upward. Therefore, option A is the correct option.
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