Economists normally assume that the goal of a business firm is to: D. maximize its profit.
Profit can be defined as an amount of money that is generated by an individual or a business firm when the manufacturing cost is deducted (subtracted) from total revenue.
Generally, economists usually consider the maximization of profit as the goal of a business firm.
In this context, economists usually assume that the goal of a business firm is to earn:
Profits as large as possible, even if it has to reduce its level of production.Profits as large as possible, even if it has to incur a higher total manufacturing cost.Read more: https://brainly.com/question/25087943
Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answer:
D
Explanation:
it is D because it shows the mention use.as the question did
Many online stream services allow customers to use their service of limited for 30 days. This strategy tries to increase the diffusion of a new format of using the service through increasing ________.
Answer:
trialability
Explanation:
trialability is the strategy used to try to increase the diffusion of new format using the service
Companies in European countries sometimes compete with imports of their own products at lower prices because of _____. Multiple choice question. different taxes and competitive price structures the flexibility in import quotas the decline of illegal imports and uniform prices lowered tariffs and similar tax benefits
The importing and exporting activity of a country can affect its GDP, its exchange rate, and interest rates. Companies in European countries sometimes compete with imports of their own products at lower prices because of different taxes and competitive price structures
A weaker domestic currency often leads to exports and also makes imports more expensive and so therefore, a strong domestic currency boast exports and makes imports cheaper.
Pricing as an active instrument is often used by firms to sets prices so as to achieve specific goals, including targeted returns on profit and targeted sales volumes.
Taxes that is placed on goods/services have a lot of ways that it influences the prices of that goods and services.
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A firm using paid, non-personal communication by identified sponsors through various media has chosen to use _ to promote its products.
Answer: Advertising
Explanation:
Organization do have different ways they promote their products. A firm that is using paid, non-personal communication by identified sponsors through various media has chosen to use advertising to promote its products.
Advertising ia commonly described as any paid, nonpersonal communication via the used of different media by organizations and individuals who are in some way known in the message.
A good and successfully operated campaign needs all activities to be well-coordinated so as to build on one another to increase the overall impact.Advertising uses a lot of related, well-timed, carefully placed television ads along with print advertising in some magazines and newspaper.
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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record profits of $1.9 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.2. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 40 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $11,000.
What price should you charge for a midsized automobile if you expect to maintain your record sales?
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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The _____ of a firm uses information from the sales budget and various cost budgets to develop a forecast of net earnings for the planning period.
According to business management roles, the "financial manager" of a firm uses information from the sales budget and various cost budgets to develop a forecast of net earnings for the planning period.
This is because the financial managers are the individuals in a firm whose role or responsibility is to ensure that the organization is functioning well financially.
Their roles usually involve providing the financial guidance, developing financial reports, making direct investment activities, etc.
Hence, in this case, it is concluded that the correct answer is "Financial Manager."
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Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a
Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.
Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
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When current output is less than potential output, which of the given monetary policies is the federal reserve (the fed) likely to enact?.
The federal reserve is likely to enact that reserve requirement should be lower so that there will be a decrease the interest rate in the case when current output is less than potential output.
The Federal reserve does enhance the economy by reducing the interest rate that banks pay each other for overnight loans.
However, if the current output is greater than potential output, then, the FED would try to reduce current output by increasing the interest rate.In conclusion, the federal reserve is likely to enact that reserve requirement should be lower so that there will be a decrease the interest rate in this case when the current output is less than potential output.
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In which step of the selling process does a salesperson learn as much as possible about a prospective customer before making a sales call
The step of the selling process that a salesperson learn as much as possible about a prospective customer before making a sales call is: Pre-approach.
Pre-approach selling process can be defined as the way in which a sales person learn more about a prospective customers before approaching the customers.
Pre-approach enables a salesperson to plan ahead by obtaining more facts or information about their target customers before making their presentation or before contacting their customers.
Most salesperson often make use of pre-approach as this will enable them to know more about their client as well help build their confident before approaching their client.
Pre-approach selling process can prevent a salesperson from making mistakes when carrying out their sales presentation based on the already relevant information the salesperson has at hand.
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enterprise opportunities
You want to make sure your account reflects the spending you’ve actually done, so you pull receipts out of your clothes pockets from the last two weeks and find two for Cool Snacks, one for Club Cafe, one from a sale at Clothing Rack, and an ATM slip for a withdrawal of $30.
Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.
From the complete information, it should be noted that there are bank charges that are charged by the banks. In this case, the account may not reflect the spending that has actually been done.
Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.
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Many of the meetings in which office workers are involved are informal, small group meetings
Answer:
false
Explanation:
office meetings are always formal because this is a serious meeting. Every worker is also involved. You can tell by the way they dress the meeting and the way they speak is formal.
a company selling goods subtracts select from sales to determine gross profit.
A company selling goods subtract cost of goods sold from sales to determine gross profit.
Cost of goods sold has to do with the costs of manufacturing a products such as:
Direct material costDirect labor costIn order for a company to know or determine their gross profit for a particular period they will have to deduct their sales from the cost of goods sold.
The formula to determine gross profit is:
Gross profit=Sales -Cost of good sold
Inconclusion a company selling goods subtract cost of goods sold from sales to determine gross profit.
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You are a delivery manager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 225 crates of bread per day. The bakery has standing orders for 400 crates a day. As the increasing of your sales, you hire 4 more drivers and own 1 more truck with 2 shifts. Find the increasing percentages to fit with the hires.
The maximum number of orders the bakery can receive is 675 per day and the percentage of increase is 50%
Taking into account that each truck has a maximum capacity of 225 boxes of bread and that the bakery has 3 trucks. To find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:
225 × 3 = 675
To know what the percentage of increase in the bakery order capacity is, the maximum capacity must be known before acquiring the last truck (450).
Subsequently, to know the percentage of growth with a new truck with respect to the previous capacity, it is necessary to carry out the following operation:
225 × 100 = 22500 22500/450 = 50
According to the above, 225 corresponds to 50% out of 450, that is, the growth in the bakery's order capacity was 50%.
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A payment made by a firm to its owners in the form of new shares of stock is called a _____ dividend.
That type of payment is a stock dividend.
Please help please please
Answer:
e you chose that includes at leasnts on your time line.) You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Explanation:
5. Submit a thematic time line for the theme yo You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
why should we emphasize Black Friday?
Answer:
i dont know
Explanation:
it only happens once a year
The average person usually has between 15 - 30 acquaintances. Please select the best answer from the choices provided T F.
People often make friends or acquaintances. The average person usually has between 15 - 30 acquaintances is a false statement.
An acquaintances is simply known as an individual familiar to one, but usually not a close friend.It is often regarded as the state of being acquainted or casually knowing someone/something An example of an acquaintance is a person you went to music class with but do not always keep in touch with them on a regular basis.
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Answer:
False
Explanation:
Imagine you are running a bank and you are deciding how much of your funds to deposit with the Fed. Your alternative to depositing funds with the Fed is to lend them to businesses and individuals. What are you likely to do if the Federal Reserve increases the interest rate that it pays on your deposits with them
If the Federal Reserve increases the interest rate that it pays on your deposits with them increase reserves at the Fed and reduce loans.
If the Federal Reserve increases the interest rate that it pays on your deposits with them, this means that the amount I deposit with the Fed would earn a higher rate of interest.
The aim of businesses is to make profit. As a result, I would increase the amount I deposit with the Fed in order to earn a higher rate of interest on my deposit and I would reduce the amount of loans I make.
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How does the targeting process in entrepreneurship differ from the targeting process in traditional marketing
Targeting process in entrepreneurship differ from traditional marketing because the entrepreneurs begin the process with the idea for a new product.
Targeting process refers to process of breaking-down a market into segments to facilitate concentration of marketing efforts on target segments.
An entrepreneur will first seek to come up with a product idea in the targeting process whereas the marketer will seek to identify the market segment to concentrate on.In conclusion, the targeting process in entrepreneurship differ from traditional marketing because the entrepreneurs begin the process with the idea for a new product.
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what steps must countries take to transition to a mixed-market economy?
Answer:
The steps that contries must take to transition to a mixed-market economy is by first establishing a fair labor market, discouraging all foreign investment and opening up trade to other countries.
1. Which product type (coffee/ espresso/ herbal tea/ tea) yields the maximum profit in each market size(major/small)? (2 points).
Surfaces on the same body are assumed to experience meteorite impacts with the same frequency. If this is true, what could account for the stark contrast in impact crater density on bordering regions of Ganymede in the photo?.
Craters are known to be cause by the collision of a meteorite with the Earth. It is true because the surface with fewer impact craters is said to be a new surface.
The factor that account for the stark contrast in impact crater density on bordering regions of Ganymede in the photo is because since it has not been impacted as many times as the older surfaces.
The impact craters are therefore too hard to recognize as a result of weathering and erosion of its surface.
The Moon is known to lacks water, atmosphere, and tectonic activity of which these factors or forces often erode Earth's surface and erase some new impacts.
The impact crater is often influenced by the appearance of impact craters and ejecta are said to be the size and velocity of the impactor.
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Decision making in businesses used to be limited to management. Today, lower level employees are responsible for some of these decisions, as information systems make information available to lower levels of the business. Identify the statement that best describes unstructured decisions.
People often take decisions daily. The statement that best describes unstructured decisions is that Structured decisions are repetitive and routine decisions which are handled procedurally.
Structured decision making is simply referred to as a thoroughly organized analysis of problems so as to make a final decisions that are based mainly on achieving fundamental objectives.
All decision is made up of several primary elements such as management objectives, decision options, knowing beforehand decision outcomes etc.
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Teller's checks and personal checks are classified as
O A. drafts
O B. obligors
C. notes
D. certificates
Answer: they are classified as D) certificates
Explanation:
50 POINTS
Abdul works as a regulator at the Bereau of consumer protection. His agency makes sure consumers are treated fairly. What task might be part of Abduls job at his agency?
A. Drawing up ideas for the new city park
B. drafting a proposal for the state government budget
C.recording information about fraudulent business
D.meeting with heads of state to discuss trade
Answer:
the answer is D
Explanation:
It is essential to hold a meeting in order to learn about the progress of your business and the attitudes of your employees during work. Although you may think that your employees are treated fairly, this may not be the case at all. so have a face-to-face meeting with your employees and ask them if they are satisfied with the job.If you are the boss you treat your employees fairly if you are not the boss . in cases of unfair treatment you should have a meeting with the boss
Answer:
C
Explanation:
He is consumer protection and a fraudulet means like scams or fraud.
Katrine doesn't understand all of the various aspects of automobile insurance and relies on her local independent State Farm Insurance agent to provide her with information. This agent acts as a(n) _____ for State Farm.
Suppose that Walmart and Target are selling Sony flat-screen computer monitors for a price of $150 or $200 each. Based on the information in the payoff matrix, does a Nash equilibrium exist?
Based on the information in the payoff matrix, a Nash equilibrium exists.
Nash equilibrium can be described as the choice market players would make in which they would have no incentive to change their decisions. It is the best outcome for each market player.
Looking at the payoff matrix, the payoff of charging $150 results in the higher profits for both Walmart and Target. Thus, the Nash equilibrium for both stores is to charge $150.
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Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much is the new contribution margin ratio?.
Wayfair Co's new contribution margin ratio is 50%.
Data and Calculations:
Number of tables sold in May = 5,500
Sales revenue = $300,000
Selling price per table = $54.55 ($300,000/5,500)
Total variable costs = $165,000
Variable cost per unit = $30.00 ($165,000/5,500)
New selling price per table in June = $60 ($54.55 x 1.1)
Contribution margin per table = $30 ($60 - $30)
Contribution margin ratio =50% ($30/$60 x 100)
Thus, the new contribution margin ratio is 50%.
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A key contribution of ________ was the identification of the major functions of management which are planning, leading, organizing, and controlling. total quality management administrative management the behavioral viewpoint contingency theory
Every Firm needs management. A key contribution of Administrative management was the identification of the major functions of management which are planning, leading etc.
Administrative Management is known to be a type of management that is concerned with managing everything about the organization.
They are responsible for planning, organizing, leading, controlling, and coordinating and stating the need for budgets and controls.
Conclusively, this type of management is based on seeks to make an organization that is efficient and effective.
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