Jeff’s business has a contribution margin of $34 per unit. If fixed expenses stay the same, but 4,000 more units are sold, what will happen to operating income?
It will increase by $136,000.
It will decrease by $4,000.
It will decrease by $136,000.
It will increase by $4,000.
Answers
Operating income will increase by $136,000.
To determine the impact on operating income when selling an additional 4,000 units, we need to consider the contribution margin and fixed expenses.
1. Contribution margin per unit:
The contribution margin is given as $34 per unit. This means that for each unit sold, $34 contributes to covering fixed expenses and generating operating income.
2. Additional units sold:
We are told that 4,000 more units are sold. Therefore, the increase in contribution margin due to these additional units can be calculated as:
Contribution Margin Increase = Contribution Margin per Unit * Additional Units Sold
= $34 * 4,000
= $136,000
3. Impact on operating income:
Since contribution margin directly contributes to operating income, an increase in contribution margin will lead to a corresponding increase in operating income. Therefore, operating income will increase by $136,000 due to the additional 4,000 units sold.
Hence, the correct answer is that operating income will increase by $136,000.
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Related Questions
a manager who is risk averse is likely to make a decision constrained by ________.A. time constraintsB. other organizationsC.creative optionsD.historical constraintsE.reward systems
Answers
A manager who is risk averse is likely to make a decision constrained by historical constraints. Thus, the correct option is (D.)historical constraints.
What exactly are historical constraints?Historical constraints are limitations or restrictions that are imposed on decision-making as a result of past experiences or outcomes. These constraints can take many forms, such as policies, practices, traditions, or norms that have been developed over time and have become deeply ingrained in an organization's culture or way of doing things.
For example, an organization may have a long-standing policy of avoiding any investments in new technologies or ventures that have not been proven in the marketplace. While this policy may have been effective in limiting the organization's exposure to risk in the past, it may also prevent the organization from taking advantage of new opportunities or innovations that could drive future growth.
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All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answers
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details and examples from your lesson. Provide specific detail and in depth discussion of at least two of the element areas requiring higher pay.
Answers
Answer:
As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.
On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.
And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.
Keeping Score Explain how the average American is three times as rich as they would have been in 1950. Explain the most effective ""knock"" on GDP. What does the author think about the effectiveness of fiscal policy? Explain how a current account surplus/deficit can be good and bad.
Answers
The average American is three times as rich as they would have been in 1950 due to the economic growth that has taken place in the past decades.
What are the reasons?One of the reasons for this economic growth is the increasing productivity brought about by advances in technology. With increasing productivity, there are more goods and services produced, leading to economic growth. Another reason for this economic growth is the increase in investment brought about by a favorable business environment, stable political systems, and an attractive tax system.The most effective "knock" on GDP is that it does not reflect the well-being of the average person. Although GDP is a measure of the total output produced by a country, it does not indicate whether the wealth is evenly distributed among the population or whether people's well-being has improved. For example, if the economy grew by 5% last year, it does not necessarily mean that the average person's standard of living has increased by 5%.The author thinks that fiscal policy is not always effective, especially when interest rates are already low. When interest rates are already low, additional government spending may not increase economic activity. On the other hand, a current account deficit means that a country is importing more than it is exporting.This means that the country is spending more foreign exchange than it is earning, which can lead to a shortage of foreign exchange and an inability to pay off debt.
Overall, a current account surplus is good for a country's long-term economic growth, while a current account deficit is bad for the country's long-term economic growth.
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What is the difference between force.com and salesforce.com license?
Answers
The primary difference between Force.com and Salesforce.com licenses lies in the functionality and purpose they serve.
Force.com licenses are designed for users who require access to custom applications built on the Salesforce platform, but not necessarily the CRM features that Salesforce.com offers. This license type grants users access to custom objects, tabs, and apps, but does not include standard CRM objects like Leads, Opportunities, and Cases. It is suitable for organizations looking to build and manage applications specific to their business processes. Salesforce.com licenses, on the other hand, are tailored for users who need comprehensive access to the platform's CRM features, including Sales Cloud, Service Cloud, and Marketing Cloud. These licenses provide access to both standard CRM objects and custom objects. Salesforce.com licenses are ideal for organizations that need an all-encompassing CRM solution for sales, customer service, and marketing. In summary, Force.com licenses focus on custom application access, while Salesforce.com licenses grant users full access to the platform's CRM functionalities. Choosing the right license depends on your organization's needs and the extent of customization required.
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Assume that a company’s planning budget is based on 2,000 units and it actually produced and sold 2,500 units. Its planning budget is based on the assumption that 60% of its administrative expenses are fixed and the remainder is variable. If the planning budget includes $12,000 of fixed administrative expenses and the company’s actual total administrative expense for the period is $19,000, then what is the amount of the administrative expense spending variance?
Multiple Choice
$3,000 favorable
$2,000 unfavorable
$5,000 unfavorable
$5,000 favorable
Answers
The amount of the administrative expense spending variance is $3,000 favorable. We can find it in the following manner.
First, we need to calculate the flexible budget for the actual level of activity (2,500 units) to determine the expected amount of administrative expenses at that level:
Fixed administrative expenses = $12,000 (given)
Variable administrative expenses = (1 - 0.6) * Total administrative expenses at 2,000 units
= 0.4 * (2,000 * Variable cost per unit) = 800 * Variable cost per unit
Total administrative expenses at 2,000 units = Fixed administrative expenses + Variable administrative expenses
= $12,000 + $800 * Variable cost per unit
Flexible budget at 2,500 units = Fixed administrative expenses + Variable administrative expenses
= $12,000 + (2,500 - 2,000) * Variable cost per unit
= $12,000 + 500 * Variable cost per unit
We can then compare the flexible budget amount to the actual amount of administrative expenses incurred to determine the administrative expense spending variance:
Administrative expense spending variance = Actual administrative expenses - Flexible budget administrative expenses
= $19,000 - ($12,000 + 500 * Variable cost per unit)
Since we do not have information on the variable cost per unit, we cannot calculate the exact amount of the administrative expense spending variance. However, we can determine the direction of the variance based on the given answer choices.
From the answer choices, the only option that represents a favorable variance (actual administrative expenses lower than expected) is $3,000 favorable. Therefore, the answer is:
Administrative expense spending variance = $19,000 - ($12,000 + 500 * Variable cost per unit)
= $7,000 - 500 * Variable cost per unit
Since we know that the variance is favorable, we can conclude that the variable cost per unit is lower than expected, resulting in lower total administrative expenses than the flexible budget amount. Therefore, the answer is:
$3,000 favorable.
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answers
Answer:
industry because here based the all the business in whole world
As long as you have great service, it doesn’t really matter what the exterior of the building looks like.
true or false
Answers
Answer:
false
Explanation:
The look of the exterior of a house does matter because it is what someone first sees when looking at the building so it does matter a lot actually.
Good day to you!
A company is required to have material data safety sheets for what types of materials? read more >>.
Answers
Any product that is thought to be a harmful chemical must have a safety data sheet. The Hazard Communication Standard (HCS) defines a hazardous chemical as any material that puts human health or safety at risk.
What kinds of materials need material data safety sheets in a business?The creation or acquisition of an MSDS is needed for each hazardous chemical produced or imported by manufacturers and importers. With the initial shipment of the chemical, as well as after an MSDS is updated, all distributors and employers must be provided with the pertinent MSDS.
What do safety data sheets serve as a means of?A safety data sheet (SDS, also known as a material safety data sheet) is an essential tool for understanding the risks associated with the use, handling, and storage of dangerous goods and/or hazardous substances in the workplace and can help reduce or eliminate those risks.
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Answer:
In the United States, OSHA requires employers to make material safety data sheets available to employees for any harmful substance that is handled in their workplace.
Explanation:
Intro to Business and Technology Course
Which of these influences group cohesiveness?
Group of answer choices
a. Group homogeneity
b. Group maturity
c. Group size
d. Success
e. All of these
Answers
The correct answer is e) All of these. Group homogeneity, group maturity, group size, and success all influence group cohesiveness.
¿What factors influence group cohesion?Group homogeneity refers to the similarities of group members, and having a more homogeneous group can create a sense of closeness and understanding among members. Group maturity is the level of development the group has reached, with more mature groups showing more cohesion and trust among members. Group size is a factor in the cohesiveness of the group, as larger groups tend to be more impersonal and thus less cohesive. Finally, success is an important influence, as members of successful groups tend to have a stronger bond and loyalty to one another.Another question about group cohesion in https://brainly.com/question/1383567
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Suppose the demand for eggs is: Q=12,000−2,000P and the supply of eggs is: where quantity is measured in millions (0+500+3,000P, . Find the market-clearing price and quantity for eggs. (Enter price responses rounded to two decimal places.) The market-clearing price is $ and the market-clearing quantity is million eggs. Now suppose the cost of producing eggs increases such that the supply curve for eggs shifts to Q=−1,000+3,000P. Find the market-clearing price and quantity for the product. The market-clearing price is $ and the market-clearing quantity is million eggs.
Answers
The market-clearing quantity of eggs is 7.4 million eggs. The market-clearing quantity of eggs is 6.8 million eggs. The market-clearing price of eggs is 2.60 million.
The given demand function for eggs is: Q = 12,000 - 2,000P.
The given supply function for eggs is: Q = 500 + 3,000P.
Simplifying the above equation:
5,000P = 11,500.
Therefore, P = 2.30.
Thus, the market-clearing price of eggs is 2.30 million.
Now substituting the value of P into either the demand or supply function, we get the market-clearing quantity.
The supply function is chosen here to determine the market-clearing quantity:
Q = 500 + 3,000P.
Substituting P = 2.30 into the supply function:
Q = 500 + 3,000 × 2.30.
Therefore, Q = 7,400 million eggs.
Now, due to the increase in production cost, the supply curve shifts to the left, i.e., the supply function becomes: Q = -1,000 + 3,000P.
Since the demand remains the same, the market-clearing price and quantity are determined by equating the new supply function with the original demand function: 12,000 - 2,000P = -1,000 + 3,000P.
Simplifying the above equation: 5,000P = 13,000.
Therefore, P = 2.60.
Substituting the value of P into the supply function:
Q = -1,000 + 3,000P.
Substituting P = 2.60 into the supply :
Q = -1,000 + 3,000 × 2.60.
Therefore, Q = 6,800 million eggs.
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Ethical behavior is a subset of which skillset?
professional skills
technical skills
professional conduct
interpersonal skills
Answers
Answer:
C). Professional Conduct
Explanation:
Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output. Thus, option C is the correct answer.
Answer: Professional conduct is the answer
Explanation:
I just took the quiz and got the answer right
Eight years ago, ian invested in rayje clothiers. he purchased five par value $1,000 bonds issued by rayje clothiers at a market value of 94.956, each of which yields interest of 7.5%. ian also bought 250 shares of rayje clothiers stock at $17.22 apiece. bonds from rayje clothiers yield interest of 7.5%, and stock from rayje clothiers yields dividends of $1.09 yearly. today, rayje clothiers bonds have a market value of 108.224 and rayje clothiers stock sells for $19.96 per share. if ian liquidates his portfolio and sells off all of his investments, which aspect of his investment in rayje clothiers will yield the greater total profit, and how much greater will it be? a. the bonds yielded $820.00 more in profits than the stocks. b. the bonds yielded $798.40 more in profits than the stocks. c. the stocks yielded $21.60 more in profits than the bonds. d. the stocks yielded $242.20 more in profits than the bonds.
Answers
The bonds yielded $798.40 more in profits than the stocks.
What is the largest difference in stocks and bonds?Stocks and bonds differ most significantly in terms of risk and possible return. In general, stocks have historically provided greater returns than bonds, but they also carry a higher risk. With stocks, you might stand to lose more money as well as make more.State and municipal taxes are often not levied on the interest income on bonds issued by the federal government and its agencies, including Treasury securities.Immediately removes a portion of the investment bond from the Estate. After seven years, the remainder of the investment is no longer subject to inheritance tax and you must begin taking an income. As the loan is repaid, which happens at a rate of about 5% annually, the investment bond is removed from the Estate.To learn more about stocks and bonds refer to:
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
General
Ledger
Cash in Bank
Advertising
Expense
Owner
Withdrawals
Office
Equipment
Electric
Expense
Repair
Expense
Owner's
Capital
Accounts
Receivable
●
Rent Expense
Sales from
Fees
Accounts
Payable
On the form provided, provide the following information for each account.
Classify the account as an asset, liability, owner's equity, revenue, or expense account.
Indicate whether the increase side is a debit or a credit.
• Indicate whether the decrease side is a debit or a credit.
●
Indicate whether the account has a normal debit balance or a normal credit balance.
Answers
Classifying the accounts and understanding their debit/credit sides and normal balances. Sales from Fees: Revenue, Increase - Credit, Decrease - Debit, Normal Credit balance.
Here's the information for each account:
1. General Ledger: This is a record-keeping system and doesn't have a specific classification.
2. Cash in Bank: Asset, Increase - Debit, Decrease - Credit, Normal Debit balance
3. Advertising Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
4. Owner Withdrawals: Owner's Equity, Increase - Credit, Decrease - Debit, Normal Credit balance
5. Office Equipment: Asset, Increase - Debit, Decrease - Credit, Normal Debit balance
6. Electric Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
7. Repair Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
8. Owner's Capital: Owner's Equity, Increase - Credit, Decrease - Debit, Normal Credit balance
9. Accounts Receivable: Asset, Increase - Debit, Decrease - Credit, Normal Debit balance
10. Rent Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
11. Sales from Fees: Revenue, Increase - Credit, Decrease - Debit, Normal Credit balance
12. Accounts Payable: Liability, Increase - Credit, Decrease - Debit, Normal Credit balance
I hope this helps you understand the classification, debit/credit sides, and normal balances of each account!
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What are some physical cues I should look for when carding guests?
Select all that apply and then click Submit.
• Height
• Weight
• Age
• Bone structure
• Gender
• Eye color
Answers
Answer:
Our accredited state alcohol training certification courses and food handlers courses help provide best practices and training tips for you to meet state, local, business, and professional needs. Our focus is to help you serve your patrons safely and be a successful bartender or server. Get your alcohol training certification online quickly with our training courses. Choose from the state-level seller-server course, Responsible Alcohol Manager course, Master Bartender course, Food Handler courses, and food manager certification. For bartender training, we have a two-for-one deal with our The Ultimate Guide To Bartending e-book and our Master Bartender course. Together, these provide the best seriously in-depth yet easy-to-follow book and course combination available on your iPhone, Android phone, tablet, or computer. We cover topics in our bartender courses about how to become a bartender, how old you need to be to become a bartender, how much is a bartending license, and how to get your bartender license. For reference, we have a web page dedicated to some helpful bartender career statistics in the US. For general information on obtaining a bartending license (not specific to any state), see our Ultimate Guide to Getting a Bartending License.
The Most Reputable and Recommended Alcohol Training Certification Happy bartender making a cocktail ServingAlcohol. offers the best option to accomplish your online certification. We go beyond the basics of alcohol awareness and carding techniques to deliver everything you need to know as an alcohol seller-server in your state. Over the past 35 years, we have become the most widely respected authority in responsible alcohol training by state and local officials. Our alcohol server certification program prepares alcohol sellers to sell and serve alcoholic drinks on and off-premises responsibly. We offer a wide host of state courses and bundles (combined with food safety handling courses) to suit your employment needs and business operations.
Pls Mark As Brainliest If The Answer Is Correct
Age is a physical cue I should look for when carding guests. Thus option C is correct.
What are physical cues?Use physical clues like examples, eye contact, facial emotions, and hand-over-hand touch. Other cues can be signs, a church bells, or dimmer lights.
State rules and regulations differ when it to requesting IDs, and the FDA also establishes a minimum carding age. Congress enacted laws in December 2019 that set the frisking age at under 30 and increased the legal drinking age from 18 to 21 for all tobacco and vapor products.
While some establishments set its carding practices at a specified age level, others require employees to card ALL clients. In a few years, it's conceivable that all IDs will be scanned prior to the purchase of a time-of-life commodity. Therefore, option C is the correct option.
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When writing a presentation for clients and customers, you should primarily focus on influencing which two of the following groups?
key decision makers
prospects for future business
Answers
When writing a presentation for clients and customers, you should primarily focus on influencing prospects for future business
Prospects for future business-Market prospects are the potential future performance of a company in a competitive market. In other words, a company's market prospects are its estimated ability to compete in a market.
A prospect is a person or organization who meets the seller's criteria for being a potential customer. In a nutshell, a prospect is a prospective customer. You'll create a list of criteria based on your company's customer profile to determine the type of person who best fits the product or service you're trying to sell.
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Mark this question In 2011, Matt's hunting store sold goods that cost $89,000, and had expenses that totaled $12,000. His average stock of goods during 2011 was $45,000. Which of the following is Matt's hunting store inventory turnover ratio in 2011? 171 O 1.98 O O 6.42 0 3.75
Answers
Matt's hunting store inventory turnover proportion in 2011 will be 1.98 i.e. Option2
The stock turnover proportion can be determined as the expense of merchandise sold separated by the normal stock.
For this situation, Matt's hunting store's expense of merchandise sold was $89,000 and the typical stock was $45,000, so the stock turnover proportion in 2011 can be determined as:
$89,000 ÷ $45,000 = 1.98
So the hunting store had a inventory turnover proportion of 1.98 in 2011, implying that its whole stock was sold and supplanted twice throughout the year. A high stock turnover proportion is for the most part considered a positive sign, as it demonstrates that the organization is proficiently dealing with its stock and selling its items rapidly.
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Explain the basic assumption of economics with respect to rational self-interest. Describe two detailed real-life examples applying the assumption.
Answers
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' behaviour.
To assist explain how an economy works and how to maximise growth, income, and employment, there are numerous economic theories.
However, preferences—that is, what companies and customers like to have or prefer to avoid—are central to many ideas. Additionally, the assumptions frequently concern the resources that are or are not readily available to meet the demands and preferences. The decisions that individuals involved in an economy make are significantly influenced by the availability or scarcity of resources.
Learn the rationale behind economists' assumptions and how they affect economic models.
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' or economic behaviour.
Economists They use assumptions in order to build a model that they can control because they are unable to isolate certain factors in the real world.
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How many owners can a
corporation have?
A. less than 100
B. 100-10,000
C. 100-infinite
PLEASE HELP I NEED THIS
Answers
Answer: C
Explanation: There can be an unlimited amount of owners.
Lying to employees, forcing them to work overtime without extra compensation, and covering up company wrong-doing, are examples of which destructive leadership characteristic?
Answers
The destructive leadership characteristic exhibited in the given examples is unethical behavior.
What are the implications of unethical behavior in leadership?Unethical behavior displayed by leaders can have severe consequences for both employees and the organization as a whole. Lying to employees erodes trust and can create a toxic work environment. It undermines employee morale, engagement, and loyalty.
When leaders force employees to work overtime without extra compensation, it not only violates labor laws but also disregards the well-being and work-life balance of the employees. This can lead to burnout, decreased productivity, and higher turnover rates.
Covering up company wrong-doings perpetuates a culture of dishonesty and prevents accountability. It can result in legal and reputational risks for the organization, damaging its standing with stakeholders, customers, and the public. Furthermore, unethical behavior sets a negative example for employees, contributing to a decline in ethical standards throughout the company.
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British pounds of a British trading company that are deposited in a bank are called ________.
A) Eurodollars
B) U.S. dollars
C) Europounds
D) Pounds
Answers
British pounds of a British trading company deposited in a bank are called pounds, as it is the official currency of the United Kingdom.
The correct answer is D) Pounds. When a British trading company deposits British pounds in a bank, they are referred to as pounds. The British pound, also known as the pound sterling (£), is the official currency of the United Kingdom and is widely used in international trade and financial transactions involving British companies.
The term "pounds" simply refers to the currency itself and is the appropriate name for the British currency. The other options listed are not correct in this context: A) Eurodollars refer to U.S. dollars held in banks outside of the United States, B) U.S. dollars are the currency of the United States and C) Europounds are not a recognized term for British pounds.
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What is the organizational structure for an supermarket?
Answers
Answer:
An array of repeat customers grouped in various local areas, A chain of retail stores, various transportation systems, A set of warehouse distribution centers, and An array of product suppliers under contract.
Explanation: In carrying out its function, a supermarket business acquires and assembles a wide assortment of goods from individual suppliers, then organizes and distributes them as-needed to a chain of retail stores for sale to local customers.
a stock had returns of 5 14 11 8 and 6 percent over the past 5 years the standard deviation for this stock is group of answer choices 8.44 7.49 9.68 7.74
Answers
A set of data's standard deviation serves as a gauge for how dispersed it is from the mean. For a population, it is denoted by the symbol sigma, and for a sample, by the letter s.
The standard deviation for this stock can be calculated using the formula:
σ = √[ Σ(x - μ)² / N ]
Where σ is the standard deviation, Σ is the sum, x is the value, μ is the mean, and N is the sample size.
To find the standard deviation for this stock, we first need to calculate the mean return:
Mean = (5 + 14 + 11 + 8 + 6) / 5 = 8.8%
Next, we calculate the deviation of each return from the mean:
Deviation = x - μ
For the first year, the deviation is:
Deviation = 5 - 8.8 = -3.8%
For the second year, the deviation is:
Deviation = 14 - 8.8 = 5.2%
For the third year, the deviation is:
Deviation = 11 - 8.8 = 2.2%
For the fourth year, the deviation is:
Deviation = 8 - 8.8 = -0.8%
For the fifth year, the deviation is:
Deviation = 6 - 8.8 = -2.8%
Next, we square each deviation:
Deviation² = (x - μ)²
For the first year, the squared deviation is:
Deviation² = (-3.8)² = 14.44%
For the second year, the squared deviation is:
Deviation² = (5.2)² = 27.04%
For the third year, the squared deviation is:
Deviation² = (2.2)² = 4.84%
For the fourth year, the squared deviation is:
Deviation² = (-0.8)² = 0.64%
For the fifth year, the squared deviation is:
Deviation² = (-2.8)² = 7.84%
Next, we sum the squared deviations:
Σ(x - μ)² = 14.44 + 27.04 + 4.84 + 0.64 + 7.84 = 55.8
Finally, we divide the sum of squared deviations by the sample size, and take the square root:
σ = √( Σ(x - μ)² / N ) = √( 55.8 / 5 ) = 3.96%
Therefore, the standard deviation for this stock is closest to 3.96%.
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recognizing that many customers want their shoes made in the usa is an example of this step in the continuous lean journey?
Answers
This is an example of identity customer value.A brand's significance and worth extend beyond its capacity for self-expression to include its function in aiding consumers in developing their own sense of self.
What is the meaning of customer identity?Based on the alignment of the brand image and the self-image, consumers build their identities through their brand selections.As a result, a brand's significance and worth extend beyond its capacity for self-expression to include its function in aiding consumers in developing their own sense of self. A approach for finding opportunities to streamline work, reduce waste, and boost production is known as lean continuous improvement.A pull-based system aims to reduce inventory and work-in-process while ensuring there are sufficient resources and knowledge to maximize work flow.On-demand production and just-in-time delivery are two typical examples of this.
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Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
what is decision necessary? what is the process of decision making?
Answers
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be.
Answers
Based on the demand and supply curves, the price, and the units bought and sold, the producer surplus would be $18.
This can be calculated as:
= Area of producer surplus
= (Length x Width) + 0.5 x (Base x Height)
Solving gives:
= ( 6 x ( 4 - 2)) + (0.5 x ( 6 x 2))
= 12 + 6
= $18
Producer surplus measures the gain to dealers of taking part in a marketplace. it's far measured as the quantity a dealer is paid minus the fee of production. For a character sale, producer surplus is measured as the difference between the market charge and the fee of manufacturing, as shown on the supply curve.
The customer surplus refers to the difference between what a client is inclined to pay and what they paid for a product. The producer surplus is the difference between the marketplace fee and the lowest fee a producer is willing to just accept to produce a great.
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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
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Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
how existing businesses changed the way they operate to keep afloat during the lockdown periods.
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Answer:
Combine speed and stabilityTurn digitization into an advantageDrive systemic change through cooperationExplanation:
Office companies moving to at home working
Shops creating online shops