Why must the opportunity cost of a decision always be desirable.
Answers
Opportunity cost is the value of the most desirable option given up when a choice is made between two or more alternatives.
Since opportunity cost determines the value of a decision, it must always be something that the individual making the decision desires to achieve, even if it is not ultimately chosen. Therefore, the opportunity cost must be desirable for the decision to be worthwhile. Example: Suppose a person wants to buy a new car but has a limited budget.
They must decide between a cheaper, more fuel-efficient car or a more expensive, luxurious car. If the person decides to purchase the cheaper car, then the opportunity cost is the luxury of the more expensive car.
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Related Questions
What is the fee schedule for these services, assuming that the goal is to cover only variable and direct fixed costs?
Answers
A schedule of fees is a list of costs associated with carrying out specific administrative tasks. The fee schedule is subject to modification at the commissioner's discretion and is to be made available on the website of the state land office.
The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.
Costs that change as the volume increases are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs.
Rent, lease payments, salary, insurance, property taxes, interest fees, depreciation, and possibly certain utilities are just a few examples of fixed costs. For instance, a new business owner would probably incur fixed costs at first for rent.
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With the aid of examples discuss the 8 M's of operations
management
Answers
The 8 Ms of operations management are: Manpower; Machinery ;Methods ;Materials; Measurement; Mother Nature; Money; Management System.
The 8 Ms of operations management are often used by businesses to develop efficient and effective processes. These 8 Ms of operations management can help businesses identify the critical factors in their operations to help them become more efficient.
Manpower: Manpower refers to the personnel needed to produce a product or perform a service. This M looks at the skill, knowledge, and attitude of the workers.
Machinery: Machinery refers to the equipment used in the production process. This M looks at how well equipment is maintained, what kind of equipment is used, and how often the equipment needs to be replaced.
Methods: Methods refer to the procedures used to produce a product or perform a service. This M looks at how well the procedures are followed and if there are any areas that need to be changed.
Materials: Materials refer to the inputs used to produce a product or perform a service. This M looks at the quality and availability of the materials used.
Measurement: Measurement refers to the metrics used to assess the quality of the product or service. This M looks at how well the product or service meets the customer’s needs.
Mother Nature: Mother Nature refers to the environmental factors that affect the production process. This M looks at how well the production process is able to handle natural disasters, climate change, and other environmental factors.
Money: Money refers to the financial resources needed to produce a product or perform a service. This M looks at the costs of production and how the business can save money.
Management System: Management system refers to the process of managing the production process. This M looks at how well the production process is managed and if there are any areas that need to be changed.
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According to shariah, anything that has economic value is considered wealth
Answers
According to shari'ah, something that has a financial price is taken into consideration by wealth. An approach of exercising non-public opinion so that it will keep away from any tension and unfairness that could end result from the literal enforcement of the present law.
What is the Sharia financial system?Sharia financial system has skilled speedy improvement withinside the ultimate decades. The important influencing thing is a boom withinside the quantity of Muslim populace, in an effort to attain 27.5% of the sector populace in 2030.
Therefore, the given statement is true.
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How much total interest will he pay over the course of the mortgage?
Answers
At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
When using the High Rate method to pay down debt, which debt do you focus on first after you have made all of your minimum monthly payments? a The card with the lowest interest rate b The card with the highest interest rate c The card with the highest balance d The card with the lowest balance
Answers
When using the High-Rate method to pay down debt, you should focus on the debt with the highest interest rate first, after making all of your minimum monthly payments.
What is debt?Debt refers to amount of money that an individual, company, or government owes to another entity. It is a form of borrowing that involves receiving funds from a lender with the expectation of repaying it at a later date with interest. Debt can take many forms, such as loans, credit card balances, mortgages, and bonds. It is typically used to finance investments or expenditures that an entity cannot afford to pay for outright. While debt can be useful in providing financial flexibility and allowing for the realization of long-term goals, it can also be a burden if the borrower is unable to meet the repayment obligations, leading to financial difficulties and potential legal consequences.
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What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?
Answers
Explanation:
I hope this answer is helpful ):
Global climate change (global warming), due to the build-up of greenhouse gasses, is a critical environmental and economic issue. discuss briefly (7-8 lines) a policy you think is most effective in minimizing its damaging impact
Answers
Implementing a carbon pricing mechanism, such as a carbon tax or a cap-and-trade system, can be a highly effective policy in reducing the harmful effects of global climate change.
This strategy promotes organizations and people to reduce their greenhouse gas emissions by switching to cleaner and more sustainable practices by placing a price on carbon emissions. Companies have financial incentives to invest in low-carbon technologies, energy-efficient measures, and renewable energy sources thanks to the carbon pricing mechanism. Additionally, it creates income that can be used to assist programs to lessen the effects of climate change, efforts to encourage adaptation, and research and development of green technologies. A carbon pricing strategy can also promote innovation and market competitiveness, promoting the sustainability of the economy and the environment.
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________ is the amount an employee earns before payroll withholding is performed.
A. Net pay
B. Gross pay
C. Taxable interest
D. An estate
Please select the best answer from the choices provided
Answers
Answer:
I think the answer is net pay
if the risk premium on the stock market was 6.48 percent and the risk-free rate was 2.44 percent, what was the stock market return?
Answers
The stock market return in this scenario would be 8.92%
To calculate the stock market return given a risk premium of 6.48 percent and a risk-free rate of 2.44 percent, we can use the following formula:
Stock market return = Risk-free rate + Risk premium
Stock market return = 2.44% + 6.48%
Stock market return = 8.92%
Therefore, the stock market return in this scenario would be 8.92%. The risk premium represents the additional return that investors expect to receive for taking on the risk of investing in the stock market, while the risk-free rate represents the return on a risk-free investment such as a U.S. Treasury bond. By adding the risk premium to the risk-free rate, we can calculate the expected return on the stock market.
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Which of the following are key indicators that control of goods or services has been transferred to the customer? (Select all that apply.)
A) Customer has an obligation to pay
B) Customer has legal title to the asset
C) Customer accepted the risks and rewards of ownership
D) Customer signed a legally enforceable contract
Answers
The key indicators that control of goods or services has been transferred to the customer are Customer has an obligation to pay and Customer accepted the risks and rewards of ownership.The correct answer among the given options are A and C.
A) Customer has an obligation to pay: When a customer has an obligation to pay for the goods or services, it indicates that the control has been transferred to them.
This means that the customer is responsible for making the payment, which is a clear indication of their ownership and control over the goods or services.
C) Customer accepted the risks and rewards of ownership: If the customer has accepted the risks and rewards of ownership, it signifies that control has been transferred to them. This means that the customer bears the risks associated with the goods or services, such as loss or damage, and also enjoys the benefits or rewards that come with ownership, such as the right to use or sell the goods.
B) Customer has legal title to the asset: Although legal title to the asset can be an indicator of control transfer, it is not always necessary. Control can be transferred to the customer even if legal title remains with the seller.
For example, in cases of leasing or financing arrangements, the customer may not have legal title to the asset but still have control over its use.
D) Customer signed a legally enforceable contract: While a contract is important for establishing the terms and conditions of the transaction, the mere signing of a contract does not necessarily indicate that control has been transferred.
The transfer of control is determined by the actual performance of the obligations outlined in the contract.
In conclusion, the key indicators that control of goods or services has been transferred to the customer are A) Customer has an obligation to pay and C) Customer accepted the risks and rewards of ownership.
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The utility created by transferring ownership of a product to a buyer is called ____ utility.
a.time
b.form
c.possession
d.ownership
e.place
Answers
Possession utility is the amount of practicality or perceived worth a consumer obtains from possessing and being able to use a certain thing.
Form, place, time, and possessional utilities are the four primary categories of utility. Possession utility refers to the practical use of a product, such as when customers drive a brand-new automobile off the lot or have furnishings delivered to their homes. It also emphasizes how possession and purpose are related. A person pays for a product and gains ownership of it when he makes a purchase. The usefulness of possession is therefore the experience of having or possessing the product.
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Currently you have $83,277 in an investment account you opened 5 years ago. Except for the initial deposit, you have not made any other payments into this account. If you have earned an annual rate of return of 9% each year. What was your initial deposit (PV) when you first opened this account? Post your answer as a whole number without decimals.
Answers
Given that a person has $83,277 in an investment account, which was opened five years ago. Also, it is given that the person has not made any other payments into this account.
If the person has earned an annual rate of return of 9% each year, we need to find out the initial deposit (PV) when the account was first opened.To solve this problem, we need to use the concept of Compound Interest. It is given that the annual rate of return is 9%, which means that the interest is compounded annually.
PV is the present value, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years. Here, we have n = 1 (as the interest is compounded annually).So, the formula becomes:FV = PV(1 + r)^(t)Now, we will put the given values in this formula:FV = 83,277,, r = 9%, and t = 5 years. Putting these values, we get:83,277 = PV(1 + 0.09)^(5)PV = 83,277 / (1.09)^5PV = 49,435.50.
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When your salary increases by 10.5000%, your demand for used clothing decreases from 385.0000 to 73.7500 units. a. Calculate the appropriate elasticity. b. Interpret the Elasticity c. How would you classify used clothing?
Answers
The appropriate elasticity is approximately -7.7055. This negative value indicates an inverse relationship between income and the demand for used clothing. Used clothing can be classified as income inelastic, meaning that changes in income have a relatively small impact on the demand for used clothing.
a. To calculate the appropriate elasticity, we need to find the percentage change in quantity demanded and the percentage change in income.
First, let's calculate the percentage change in quantity demanded:
Percentage change in quantity demanded = [(new quantity demanded - initial quantity demanded) / initial quantity demanded] * 100
Percentage change in quantity demanded = [(73.7500 - 385.0000) / 385.0000] * 100
Percentage change in quantity demanded = (-311.2500 / 385.0000) * 100
Percentage change in quantity demanded ≈ -80.9091%
Next, let's calculate the percentage change in income:
Percentage change in income = 10.5000%
Now, we can use the elasticity formula to find the appropriate elasticity:
Elasticity = (-80.9091% / 10.5000%)
Elasticity ≈ -7.7055
b. The interpretation of the elasticity is as follows: For every 1% increase in income, the quantity demanded of used clothing decreases by approximately 7.7055%. Since the elasticity is negative, it indicates an inverse relationship between income and the demand for used clothing. This means that as income increases, the demand for used clothing decreases.
c. Based on the elasticity value, used clothing can be classified as income inelastic. This means that the demand for used clothing is not very responsive to changes in income. A decrease in income will not significantly increase the demand for used clothing, and an increase in income will not significantly decrease the demand for used clothing.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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CAGED BIRD: Cite one piece of evidence that shows Marguerite's grandmother was a hard-working woman.
Answers
In the book "I Know Why the Caged Bird Sings" by Maya Angelou, Marguerite's grandmother is portrayed as a strong and hardworking woman.
One piece of evidence that shows this is when Marguerite describes how her grandmother would work long hours in the fields picking cotton. Marguerite notes that her grandmother would start work at dawn and continue until dark, only taking a short break for lunch. Despite her age and physical limitations, Marguerite's grandmother was able to keep up with the other workers and would often outwork many of the younger women. This demonstrates her dedication and work ethic, as well as her ability to overcome challenges and persevere through difficult tasks. Additionally, Marguerite notes that her grandmother would use the money she earned from her work to support her family and help those in need, further highlighting her generosity and selflessness. Overall, the evidence shows that Marguerite's grandmother was a hardworking and determined woman who worked tirelessly to provide for her family and community.
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which word best describes the writing process in business writing ?
Answers
Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing
what do you think milton friedman would say about esquel’s non-business activities? what would john mackey say?
Answers
Milton Friedman, a renowned economist and proponent of free-market capitalism, would likely take a critical stance on Esquel's non-business activities. Friedman believed that the primary responsibility of a business is to maximize profits for its shareholders within the boundaries of the law.
According to his viewpoint, businesses should refrain from engaging in activities that are unrelated to their core business objectives, as these may divert resources and undermine the efficient allocation of capital.
Considering Esquel's non-business activities, such as its engagement in social or environmental initiatives, Friedman would likely argue that these activities should be the responsibility of individuals or government entities rather than businesses. He might view such activities as an improper use of shareholder funds and argue that businesses should focus solely on their core operations and generating profits.
On the other hand, John Mackey, the co-founder and CEO of Whole Foods Market, has a different perspective on the role of businesses in society. Mackey is a proponent of Conscious Capitalism, which emphasizes the idea that businesses should have a broader purpose beyond profit maximization. According to Mackey, businesses can and should be a force for positive change in society, contributing to the well-being of all stakeholders, including employees, customers, suppliers, and the community.
Given Mackey's viewpoint, he would likely commend Esquel for its non-business activities, especially if they align with values such as environmental sustainability, social responsibility, or community engagement. He would view these activities as a demonstration of Esquel's commitment to a higher purpose beyond profit and as a means to create long-term value for all stakeholders.
Mackey's perspective embraces the idea that businesses can play a positive role in addressing societal challenges and improving the overall well-being of people and the planet. He would likely encourage businesses to proactively engage in non-business activities that align with their values and have a positive impact on society.
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View Policies Current Attempt in Progress Sandhill Inc. is considering Plan 1 that is estimated to have sales of $39,200 and costs of $15,190. The company currently has sales of $36,260 and costs of $13,720. Compare plans using incremental analysis. If Plan 1 is selected, there would be incremental in?
Answers
If Plan 1 is selected, there would be incremental income of $2,290.
To compare the two plans using incremental analysis, we need to calculate the difference in income between the two plans. Incremental income represents the change in income that would result from selecting Plan 1 over the current plan.
Sales for Plan 1: $39,200
Costs for Plan 1: $15,190
Sales for the current plan: $36,260
Costs for the current plan: $13,720
Incremental income = (Sales for Plan 1 - Costs for Plan 1) - (Sales for the current plan - Costs for the current plan)
= ($39,200 - $15,190) - ($36,260 - $13,720)
= $24,010 - $22,540
= $2,290
Therefore, if Plan 1 is selected, there would be incremental income of $2,290
Based on incremental analysis, selecting Plan 1 would result in an incremental income of $2,290 compared to the current plan. This indicates that Plan 1 is expected to generate additional income for Sandhill Inc.
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Which type of analysis compares the data of the current year to the data of the previous year in both percentage and dollar amount of increase or decrease?A. Benchmarking
B. Horizontal analysis
C. Vertical analysis
D. Common size statements
Answers
The type of analysis that compares the data of the current year to the data of the previous year in both percentage and dollar amount of increase or decrease is Horizontal Analysis. The correct option is B. Horizontal Analysis.
Horizontal analysis, also known as trend analysis or time series analysis, is a method used in financial statement analysis to evaluate the changes in financial data over a period of time. This method involves comparing financial figures from the current year to those of the previous year, calculating both the dollar amount and percentage changes.
The main purpose of horizontal analysis is to identify trends, patterns, and potential problems in a company's financial performance. By comparing financial data across multiple periods, businesses can better understand their financial position, make informed decisions, and track their progress towards specific financial goals.
Here's a step-by-step explanation:
1. Select the financial data to be compared, such as revenues, expenses, or net income.
2. Obtain the financial data from the current year and the previous year.
3. Calculate the dollar amount of increase or decrease by subtracting the previous year's figure from the current year's figure.
4. Calculate the percentage change by dividing the dollar amount of increase or decrease by the previous year's figure, and then multiply by 100 to get the percentage.
5. Analyze the results to identify trends, patterns, or potential issues in the company's financial performance.
Horizontal analysis is a valuable tool for businesses and investors to assess a company's financial health over time and make informed decisions. The correct option is B. Horizontal Analysis.
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Under what condition do you think extravert make more effective leader than introvert? What unique abilitie of introvert could make them more effective in ome ituation?
Answers
When it comes to interacting with peers and big groups of people, extroverts can be more effective leaders. Extraversion frequently manifests as talkativeness, friendliness, and excitement. These traits facilitate effective group interaction, communication, problem-solving, and critical thinking.
Introverts can become more effective in a one on one situation because listening is among the unique skills that tend to come naturally for introverts. They listen to what is explicitly stated and often pick up on implications, thoughts, and feelings that are not said.
Introverts allow others to speak while yet speaking up when necessary. Others instantly feel at home with them since they always endeavor to make others around them happy. Due to their delicate nature, they may also be patient with others, even when they are stepping on their toes.
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Quarterly taxes are filed:
(1 point)
O every four months.
O by May 15 each year.
O four times a year.
Oon the 25th of each month.
Answers
Quarterly taxes are filed: four times a year. Option C
What is meant by quarterly taxes?Four times a year, the IRS receives estimated tax payments known as quarterly taxes. Based on the filer's stated income for the quarter, estimated tax is a quarterly payment of taxes for the entire year.
Independent contractors, small business owners, and freelancers are typically individuals who must pay taxes quarterly. Unlike ordinary employees, they do not have taxes deducted from their salaries on a regular basis.
Any taxable income that is not subject to withholding can have its taxes estimated.
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Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answers
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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Which of the following is a technological trend affecting consumer behavior?
O A. Using mobile devices
B. Having reference groups
O C. Meeting affiliation needs
O D. Evaluating purchases
Answers
Answer:using mobile devices
Explanation:
What is the name for the process that includes product returns, recycling and material reuse, and waste disposal
Answers
Suppose hondamaha, a motorcycle manufacturing firm headquartered in japan, builds a production plant in arizona. This is an example of foreign ___ investment in the United States.
Answers
Suppose hondamaha, a motorcycle manufacturing firm headquartered in japan, builds a production plant in arizona. This is an example of foreign direct investment in the United States.
Foreign direct investment (FDI) is a type of investment in which a corporation or individual in one country makes a long-term investment in a corporation located in another country by taking a significant percentage of its ownership. It's a type of investment that allows investors to take a more active role in the management and decision-making processes of the corporation in which they've invested. It is one of the most important measures of economic globalization and development. It is the process by which a firm based in one country invests in another country by creating or acquiring a new business in that country.
Foreign direct investment occurs when a foreign firm invests in a different country's physical capital, such as factories, warehouses, or storefronts, as opposed to financial capital. FDI is a critical component of a nation's economic growth. FDI refers to the acquisition of foreign assets in exchange for a stake in the company, which can range from 10% to 100%. These assets may include a range of businesses, from foreign affiliates to real estate to stocks or bonds. Therefore, it can be concluded that the given scenario is an example of foreign direct investment in the United States.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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What are the annual cost from the pothole damage a city administrator with 100k annual budget?
Answers
a. The annual costs from pothole damage would be $156,000. b. The annual costs due to damage from collisions would be $72,000. c. The city manager would be able to lower overall expenditures.
a. The annual costs from the pothole damage can be calculated by multiplying the number of cars hitting potholes per week (15) by the average cost of damages per car ($200) and then multiplying that by the number of weeks in a year (52). So, Poisson distribution the annual costs from pothole damage would be
15 * $200 * 52 = $156,000.
b. The annual costs due to damage from collisions can be calculated by multiplying the number of collisions per month (1) by the average cost of each collision ($6,000) and then multiplying that by the number of months in a year (12). So, the annual costs due to damage from collisions would be
1 * $6,000 * 12 = $72,000.
c. Based on the given information, the recommendation would be to fix potholes. The annual costs from pothole damage are higher ($156,000) compared to the annual costs due to damage from collisions ($72,000). Therefore, by fixing potholes, the city administrator would be able to reduce the overall costs and provide a higher dollar benefit per dollar spent.
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The Complete question is
A city administrator with a $100,000 annual budget is trying to decide between fixing potholes or directing traffic after school at several busy intersections. Studies have shown that 15 cars hit potholes every week, causing an average of $200 in damages. Collisions at the intersections are less frequent, averaging one per month at an average cost of $6,000, although none have caused injuries or deaths. Use this information to answer the following questions. a. What are the annual costs from the pothole damage? b. What are the annual costs due to damage from collisions? c. Given the size of the annual budget, make your recommendation as to which project should be undertaken. Explain your answer in terms of dollar benefits per dollar spent.
2. Describe what a supply curve looks like.
Answers
A supply curve is a graphical representation of the relationship between the quantity of a good or service that producers are willing to sell and the price of that good or service. The curve is typically upward-sloping, meaning that as the price of the good or service increases, the quantity supplied by producers also increases.
How does the supply curve shift?Supply curve shift: Modifications in manufacturing costs and related variables might result in a whole supply curve moving to the right or left. This results in the supply of a higher or lower quantity at a specific price. The ceteris paribus premise states that supply curves link prices and quantities delivered under the premise that nothing else changes.
The curve is typically drawn on a graph with price on the vertical axis and quantity on the horizontal axis. The specific shape of the curve can vary depending on the characteristics of the market and the nature of the good or service being sold. In some cases, the curve may be relatively flat or steep, indicating a more or less elastic supply, respectively.
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Question 2 of 17:
Select the best answer for the question.
2. The number of units in each transaction is called:
OA. Units per person
O B. Units per time
O C. Units per transaction
O D. Units per customer
O Mark for review (Will be highlighted on the review page)
Answers
Answer: The number of units in each transaction is called units per transaction. Hence the answer is option C.
Explanation: Units per transaction is a sales metric system of calculation used in the retail sales department to measure the average sum of purchases, that customers are making in a given transaction.
The higher the units per transaction, the more the purchase of items by customers at every visit. Retail distributors often consider units per transaction as a KPI or Key Performance Indicator.
Using units per transaction as a Key Performance Indicator can help individual retail sales teams understand their performance compared to other retail sales teams around them.
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