Hourly wages for a production employee. Variable costs are costs that fluctuate with the level of production or sales and can include expenses such as raw materials, packaging, and wages for production employees.
What is Variable costs?Variable costs are costs that change in relation to the amount of goods or services produced. These costs are typically directly related to production and can include the cost of materials, labor, and other related expenses. Variable costs differ from fixed costs, which remain constant regardless of production levels. Variable costs are important to consider when setting a price for a product, as they should be taken into consideration to ensure that the product is profitable. By understanding variable costs, businesses can adjust production levels to ensure that they remain profitable.
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Answer:
A- Hourly wages for a production employee
Explanation:
Correct anser on my test. Hope this was helpful
Please select the newly answerable business questions that emerged in the ""modern age"" of marketing
With the end of World War I, the modern era of marketing began. Utilizing all of a company's resources to give customers the best experience possible and spur business growth is modern marketing.
According to a recent McKinsey survey, marketing is a key factor in most or all of a company's growth agenda, according to 83 percent of worldwide CEOs. Large volumes of messages and content can be developed continuously, monitored by performance analytics, and then changed as necessary in a modern marketing company.
Broad offers and experiences across significant consumer segments are referred to as personalization. Today, the objective of modern age of marketing is to creatively deliver as much relevant one-to-one marketing as possible by leveraging data from all consumer interactions.
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What does quickbooks online do if you try to import a customer that already exists in the company?
If you try to import a customer that already exists in QuickBooks Online, the software will not create a duplicate customer. Instead, it will match the imported customer information with the existing customer information in the company file.
If there is any discrepancy in the information, QuickBooks will prompt you to either update the existing customer information with the imported information or to keep the existing information.
This feature is called "Import Mapping" and it's designed to help prevent duplicate customer entries in the company file and help you keep your customer information accurate and up-to-date.
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Joseph is opening a fish tank cleaning service. He has potential investors, but decides he would prefer to structure the business ownership so that he is ultimately responsible for the success or failure of the business. Which type of business ownership should Joseph select
Joseph is going to start a business cleaning fish tanks. Ownership of a sole proprietorship business.
How does a sole proprietorship work?The sole proprietor has complete and unconditional control over the company. Example: a single proprietor of a beauty parlor, barbershop, general store, and sweet shop.
Who is considered to be a sole proprietor?A business that can be owned and run by an individual, a company, or a limited liability partnership is known as a sole proprietorship. The company does not have any partners. The following is a definition of a sole proprietorship's legal status: It is not an independent legal entity like the owner of the business.
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The type of business ownership Joseph should choose is a sole proprietorship.
Who owns a sole proprietorship?A sole proprietor is a person who owns a business that is not incorporated. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you choose to treat the LLC as a legal entity.
What is the main purpose of a sole proprietorship?Sole proprietorships allow small business owners to start businesses without formal legal action from the state. There is no need to form a board of directors. No business account required. Hlavacka said about sole proprietorships, "it could be more user-friendly."
What are the risks of a sole proprietorship?Sole proprietorship owners are personally responsible for all of the company's debts while putting their personal property and future wages at risk. This is the main reason to avoid sole proprietorships.
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One of the most telling signs of whether a company's market position is strong or precarious is
a. whether it has a lower stock price than key rivals.
b. whether it is in a bigger or smaller strategic group than its closest rivals.
c. whether its prices and costs are competitive with those of key rivals.
d. whether its product is strongly or weakly differentiated from rivals.
e. the opinions of buyers regarding which seller has the best product quality and customer service.
Whether a company's prices and costs are competitive with those of competitors in the market is one of the most striking indicators of how strong or vulnerable its financial condition is.
Why is a competitor important?
A robust American economy depends on healthy market competition. According to fundamental economic theory, when businesses compete for customers, there are cheaper pricing, better products and services, more options, and more innovation. [1] Competition is important in both the goods and labour markets. [2] In order to retain employees, businesses must raise pay and enhance working conditions.
There is evidence that markets in the United States have become more consolidated and possibly less competitive across a wide range of industries: four beef packers now control over 80% of their market; four airlines now dominate domestic air travel; and many Americans have only one choice of dependable broadband provider.
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Justify which one of these options Ahmed should choose to enable him to open a new store in Stratford
The option that Ahmed has to choose in order to open the new store would be to increase his prices.
What is the justification of this choice?The justification that the choice here would have is based on the fact that the price of goods have become more expensive. That is, he has to pay more in order to take delivery of stock from the suppliers.
Even if he is to start thinking of a different supplier, he would have to still have more to pay for.
So since it is said that he has developed a loyal customer base, he may try to introduce changes to the price of his pizzas so that he can continue to keep the place running.
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What are the 5 types of risk factors?
Risk factors can be categorised into 5 types. Those are:
Behavioural, Physiological, Demographic, Environmental, Genetic.
What do you mean by Risk Factors?
Since correlation does not imply causation, risk factors, it is incorrect to say that being young causes measles; yet, measles rates are higher in young people because they are less likely to have built up an immunity during a prior epidemic. In studies examining the relationship between smoking and lung cancer, for instance, statistical techniques are routinely employed to evaluate the strength of a correlation and to present causal evidence. The biological sciences and statistical analysis can prove that risk factors are causal.
So, The required risk factors are Behavioural, Physiological, Demographic, Environmental, Genetic.
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What are the factors that influence the zone of tolerance?
There are four factors that influence the level of adequate service, namely transitory service intensifiers, perceived service alternative, customer self-perceived service role and situational factors.
What are the factors zone of tolerance?Time, place, situation, and culture all play a part in defining the range of tolerance.Temperature, humidity, soil chemistry, pH, salinity, and oxygen levels are just a few of the physical, abiotic (non-living) elements that have an impact on where organisms can exist. They have tolerance ranges for the abiotic environmental situation, much as species have geographic ranges.Four fundamental models of tolerance—religious, medical, anthropological, and psychological—have been identified via study and interpretation of the scientific literature.People who are tolerant display strength by being able to handle opposing viewpoints. Another benefit of tolerance is that it can aid in personal growth. Tolerance also makes peaceful coexistence possible.To learn more about zone of tolerance refers to:
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A job order costing system would best fit the needs of a company that makes:
Multiple Choice
O Custom machinery.
O Cement.
O Shoes and apparel.
O Paint.
O Pencils and erasers.
A company that produces custom machinery would benefit most from a job order costing system.
What do you know about costing system?
A costing system is made to keep track of a company's expenses. The system is made up of a number of forms, procedures, checks, and reports that are intended to gather and provide financial data to management. Any aspect of a business, including its clients, divisions, locations, structures, operations, procedures, goods and services, study and development, and reseller, may be covered by the reporting categories. The expenses of materials, labour, and overhead are totaled for each unit or task. For distinctive products like specially made machines or consultancy assignments, this strategy works well. Cost accumulation is a labor- and labor-intensive activity.
So, The required answer is Custom machinery.
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Inflation that occurs when total spending is greater than the economy's ability to produce output at the existing price levels is
However, "demand-pull" inflation occurs when this increase in demand exceeds an economy's production capacity and puts a strain on resources.
Which four kinds of inflation are there?There are four distinct types of inflation based on speed: hyperinflation, galloping, walking, and creeping.
What exactly is cost-push inflation, exactly?Cost push inflation is when prices for inputs like labor, raw materials, and so on rise. The supply of these goods decreases as a result of the increased cost of the production factors.
When does inflation happen?When the cost of goods and services rises steadily over a long period of time, you lose your ability to buy them. There are many things that can cause high inflation. However, economists frequently classify the underlying causes into two groups: Cost-push inflation and demand-driven inflation.
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Is there any product and/or service you can think of that is perfectly price inelastic in demand and is there a product or service you can think of that is perfectly price elastic in demand?
A product or service that is perfectly price inelastic in demand would be something like a life-saving medication or a public utility service such as electricity.
These items have a high degree of necessity and cannot be substituted with another product or service, so consumers will not be influenced by changes in price.
A product or service that is perfectly price elastic in demand would be something like a luxury item such as a designer handbag or a high-end electronic device. These items are not necessary and can be easily replaced with cheaper alternatives, so consumers are more sensitive to changes in price and can easily switch to a different product or service if the price increases.
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Why are there more mixed market economies than command?
Mixed market economies are more prevalent in today's globe because more economic systems are designed to give producers and consumers the flexibility to make economic decisions.
Why do most economies have mixed economies?When a government intervenes to stifle free markets by establishing state-owned firms (such public health or education systems), restrictions, subsidies, tariffs, and tax policies, a mixed economy may result.
Because they couldn't go out of business, government-owned enterprises were less inclined to provide high-quality products at reasonable prices under a command economy. Private persons had no motivation to look for new ways to satisfy the needs and wants of consumers because they could not own the means of production.
When the stability conditions necessary for a functioning command system, which had existed in the Soviet Union for 70 years, ceased to exist, the economy collapsed. The equilibrium of a game of strategy played by a dictator and other players can be used to define these requirements.
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If a firm has a total cost of $200, its profit-maximizing level of output is 10 units, and it is breaking even (that is, earning normal profit), what is the market price
If a firm has a total cost of $200, its profit-maximizing level of output is 10 units, and it is breaking even, the market price is TC= 200 dollars Q=10 units P= TC/Q= 200 dollars / 10 units = 20 dollars Market price is 20 dollars.
A business, abbreviated as co., is a legal body that represents a group of persons, whether natural, legal, or a combination of the two, with a common goal. Members of a company work together to attain certain, stated goals.
A business can be formed as a legal person so that the firm's liability is restricted when members perform or fail to execute their duties in accordance with the publicly proclaimed incorporation or published policy. When a business shuts, it may be necessary to liquidate it in order to avoid ongoing legal liabilities.
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You are managing a software project with limited development resources. The QA department has discovered a large number of defects in the product, and the project sponsor is very concerned about this. You want to get the maximum number of defects repaired with minimal effort. Which quality-control tool are you going to use before you direct the efforts of the project team to fix specific problems?
In this scenario, I would use a Pareto chart as the quality-control tool before directing the efforts of the project team to fix specific problems.
A Pareto chart is a graph that shows the relative frequency of defects in descending order, with the most frequent defects at the top. This allows you to quickly identify which defects are the most critical and need to be fixed first, as they are causing the most problems. By focusing on these high-priority defects first, you can get the maximum number of defects repaired with minimal effort.
Additionally, Pareto charts are relatively simple to create and understand, making it easy to communicate the results to the project sponsor and the rest of the team. This can help to build support and buy-in for the effort to fix the defects, which is important for getting the necessary resources and support to complete the work.
Overall, a Pareto chart is an effective quality-control tool to use in this scenario because it allows you to quickly identify the most critical defects and focus on fixing them first, maximizing the number of defects repaired with minimal effort. It also helps to build support and buy-in for the effort.
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Which of the following would result in a decrease in U.S. aggregate demand
A. An increase in government spending.
B. A decrease in income tax rates.
C. A decrease in domestic interest rates.
D. A decrease in the value of the domestic currency relative to the foreign currency.
E. An increase in the value of the domestic currency relative to the foreign currency.
Aggregate demand will fall if the value of the domestic currency rises in relation to the value of the foreign currency. Option E is the correct answer.
• The value of foreign currencies varies according to bilateral commerce. The other country finds it more expensive to import items from the home country when the value of the native currency rises. Since net exports are included in aggregate demand, it decreases.
• Reducing government expenditure is essential for containing raging inflation because it reduces aggregate demand. However, raising it has the opposite effect.
• Lower income tax rates result in more money that can be spent on household expenses, which boosts overall demand.
• A decline in domestic interest rates encourages spending and investment rather than saving, hence increasing aggregate demand.
The total consumption of both enterprises and consumers is known as aggregate demand. It often involves having the desire and resources to buy things. All facets of an economy are impacted by aggregate demand.
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Click this link to view O*NET Skills section for Advertising and Promotions Managers. Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, which skills commonly are needed by Advertising and Promotions Managers
The nation's main source of occupational information is the O*NET programme.
What does an advertising and promotions manager do?The O*NET database, which contains data on hundreds of standardised and occupation-specific characteristics, is essential to the project. By conducting surveys of a wide range of workers from each occupation, the database is continuously updated.
To determine which jobs match their interests, abilities, and experience, job searchers use O*NET. Utilizing the most recent labour market statistics available, examine growth career profiles. Find out what is necessary to land their ideal position.
O*NET offers an occupational analysis, although job analysts are often only interested in the job holders in their own businesses and are not typically interested in all employment in an occupation. Organizations carry out job analyses to explain the type of work to be done and to determine the skills needed by workers to complete that work.
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What is the current value of a $1,000 bond with a 6% annual coupon rate (paid annually) that matures in 5 years if the appropriate discount rate is 2%.
If the appropriate discount rate is 2%, the current value of a $1,000 bond with a 5-year maturity and a 6% annual coupon rate is $1,032.98.
The interest rate used to determine the present value of future cash flows in a discounted cash flow (DCF) analysis is known as the discount rate. This helps determine whether the cash flows from a project or investment will be worth more than the capital investment needed to fund it in the present.
The "bank rate," often known as the "discount rate" in American English, refers to the interest rate that a central bank charges on its loans and advances to a commercial bank.
A bond's yield to maturity determines the proper discount rate (YTM).
The yield to maturity, or YTM, is an investor's expected return if they hold the bond until it matures.
If we know one, we can infer the other because the bond price and YTM are connected.
Consider the following: C = bond semiannual coupon = 10% / 2 1,000 = $50 r = semiannual interest rate (discount rate, YTM) = 9% / 2 = 4.5% n = number of semiannual periods = 4 2 = 8 Price
The current value is therefore $1,032.98.
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A customer sells short 100 shares of ABC stock at $50 per share. The stock falls to $40, at which point the customer writes 1 ABC Sept 40 Put at $4. The stock falls to $30 and the put is exercised. The customer's gain per share is:
Option B is correct. The customer's gain per share is $44. The stock price drops to $30 and the put is exercised.
The cost basis is the original value of an asset for tax purposes, usually the purchase price adjusted for stock splits, dividends and capital return distributions. Used to calculate capital gains or losses on investments when assets are sold or disposed of.
If the stock price drops to $40, the customer writes 1 ABC Sept 40 Put at $4. This means that the customer is selling an option contract that gives the option buyer the right to sell 100 shares of her ABC stock to the customer for $40 per share. Sold around September. The customer receives $400 from her option premium, but also promises to buy 100 shares of her in ABC at $40 per share if the option is exercised. Option customer cost basis is $4 per share or $400 total.
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The complete question is:
A customer sells short 100 shares of ABC stock at $50 per share. The stock falls to $40, at which point the customer writes 1 ABC Sept 40 Put at $4. The stock falls to $30 and the put is exercised. The customer's cost basis upon exercise of the put is:
A. $36
B. $44
C. $46
D. $54
Which statement best describes the AICPA ethics rules relating to a member's failure to file his or her personal tax return in a timely manner?
The member is strongly encouraged to file his or her personal tax returns in a timely manner.
The failure to file a personal tax return in a timely manner must be disclosed to all clients and potential clients.
The failure to file a personal tax return in a timely manner is usually considered an act discreditable to the profession.
The member is not in violation of any ethics rules as long as the failure to file a personal tax return in a timely manner was due to a heavy workload.
The statement which best describes the AICPA ethics rules relating to a member's failure to file his or her personal tax return in a timely manner is that, the failure to file a personal tax return in a timely manner is usually considered as an act discreditable to the profession.
As per AICPA ethics rules, an advertisement therefore should not be misleading or false as a result of which people tend to get deceived and then they take decisions that end up unsatisfied. So, there are four sections of the AICPA Code of Professional Conduct.
However, there are the first section entails introductions, general advice, definitions, to the AICPA members. Thus, here a member must maintain the objectivity and also integrity, which shall be free of conflicts of the interest. So, the failure to file a personal tax return is not acceptable.
Hence, option C is correct.
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Retained earnings of $100,000 represent a corporation's cumulative earnings ______ and is shown on the ______.
A corporation's cumulative profits balance sheet is represented by retained earnings of $100,000, which are displayed on the statement or retained sheet.
How are cumulative retained earnings determined?After subtracting any net dividends given to shareholders, the retained earnings are calculated by adding net income to the retained earnings from the prior term (or subtracting net losses from them). At the conclusion of each accounting period (monthly, quarterly, or annually), the amount is determined.
What exactly is retained income?Retained earnings are the portion of profits or earnings that are not distributed to shareholders as dividends. These profits are put back into the company to buy fixed assets and meet working capital needs. It can also be employed to pay off any form of debt.
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How long must $512 be invested at a rate of 7.5% to earn $303.52 in interest?
Answer:
8 years
Explanation:
The number of years that must be invested at a rate of 7.5% to earn $303.52 in interest is 8 years.
To calculate this, you can use the simple annual interest formula:
I = Prt (I = interest; P = present value; r = rate; t = time).
Substituting the given values, you get I = $303.52, P = $512, and r = 0.075 (7.5%).
Solving for t, you get: t = 8 years.
What are assets List 3 examples?
Previously there were three main assets but nowadays its be Four assets are as follow,
Equities (stocks)
debt and fixed income (bonds)
Cash equivalents and money markets.
Real estate and material possessions.
Safest financial asset:Intangible assets include financial assets, often known as financial instruments or securities. They are frequently used to finance the acquisition of movable assets like machinery and real estate. Real estate, cash, Treasury bills, money market funds, and mutual funds that invest in U.S. Treasury securities are some of the safe asset types that are often used today. The safest investments are those that carry no risk, such as those made in government-issued national debt securities from industrialized nations.
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________ is the art and science of choosing target markets and building profitable relationships with them.
Marketing management, The art and science of selecting target audiences and forging lucrative connections with them are known as marketing management.
The main goals of marketing management are to develop, plan, and implement strategies that will aid in achieving more general corporate goals. These corporate goals may include expanding into unexplored areas, generating earnings, or raising brand recognition. It's important to look to marketing experts Philip Kotler and Kevin Lane Keller when we start thinking about the field of marketing management. In their book "Marketing Management," they provide a common definition of marketing management as "the development, design, and implementation of marketing programmes, processes, and activities that recognise the breadth and interdependencies of the business environment." These specialists must thoroughly comprehend the techniques and approaches that keep and delight clients, do in-depth research on them, and actively participate in performance evaluation and process improvement.
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what is the most reasonable approach for the company to take the lesson the numbers of latecomers to work
Implementing better procedures at the security gate is the most reasonable approach for the company to take the lesson for the numbers of latecomers to work
A company's policies and procedures are put in place to establish the standards of behaviour and spell out the obligations of both employers and employees. The administration of firm policies and processes aims to safeguard both the business interests of employers and the rights of employees. A policy is a set of guiding principles that serves as the foundation or direction for decisions made at all levels of an organisation, including the area where the choice is being made and every individual employee. A policy outlines the necessary actions. On the other hand, a procedure clearly outlines the steps to take in order to complete the necessary tasks. A good procedure document also explains why certain steps are taken.
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Brad ha a jar containing 50 coin. He ha 5 cent, 10 cent and 25 cent in the ratio 5:3:2
a. How many coin of each value doe he have?
b. How much money doe he have in total?
A penny is equal to one cent. A nickel is 5 cents in value. 10 cents are equal to one dime. 25 cents are equal to one quarter.
How much money doe he have in total?A penny is equivalent to one hundredth of a dollar. In other terms, a dollar is equivalent to $100. Here are the most common American coins that you should be aware of when counting money.
Every one of these coins is valued in cents. With a 24-hour trading volume of not available, the current live 1Coin price is $0.000866 USD. We continuously update our ONE to USD exchange rate. One of the most expensive coins in circulation today is a 1975 No-S proof Roosevelt dime. Only two specimens are known to exist.
Nearly half a million dollars were made from the most recent sale, which brought around $456,000. $100 is equal to 10,000 cents. Pennies are equal to dollars, and 100 times 100 equals 10,000.
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Which programs or projects are most likely funded by taxes paid by the citizens of the United States
To prevent domestic industries that are new or emerging from being absorbed into or exploited by more developed foreign businesses, the U.S. gov imposes taxes or import tariffs on goods from other nations.
Test your knowledge of the two programs that payroll taxes support.Payroll taxes are levied against earned income. In accordance with the Federal Contributions Act, this deductible from your income supports both the Medicare and Social Security programs systems (FICA)
Quiz about how the government uses taxes to pay for programs.The state gets taxes to fund the services and goods it offers, such as roads, schools, police protection, libraries, parks, and law enforcement. The largest source of funding for the federal government is the individual income tax.
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Segregation: Low wages: High wages: Barriers to voting: A variety of jobs: The chance to go to school/college: Poverty:
Segregation, voting-related obstacles, low salaries, and poverty are push factors. High salaries, the opportunity to attend school or college, and a range of jobs are all pull factors.
How does Business Migration Affect It?Migrant workers with lower skill levels are regularly hired in the global economy. For instance, companies with manufacturing operations in Thailand hire workers from Laos, Cambodia, and Myanmar. From as far away as Vietnam and Mongolia, people in Hungary hire. Even China's abundant and cheap labor supply is gradually becoming scarce.
A sizeable portion of the top talent in today's economy is made up of high-skilled immigrants, who help firms grow their knowledge, technological competence, and innovation. You have undoubtedly seen these employees' efforts if you work in a creative sector. Data show that: Every foreign immigrant has qualities and background that can help them be a valuable contribution.
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When employees initiate a turnover, when the organization would prefer to keep them, it is called __________ turnover. (LO 11.1) reflective involuntary voluntary dysfunctional
when employees initiate a turnover, when the organization would prefer to keep them, it is called voluntary turnover.
Voluntary Turnover is a normal circumstance, as workers seek new openings or leave because they're unsatisfied with the current part for a multitude of reasons. still, it's still an precious exertion. Consider relocation costs, advertising of a new part, the costs of having a vacant part, the recruiting costs, onboarding, training of the new hand – you can understand why it’s essential to have a establishment grip on what voluntary development means.
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What is an example of a free enterprise system?
A free enterprise system is an economic system based on private ownership of businesses and resources.
What does a free enterprise system look like in practice?It encourages competition and the production of goods and services at prices that are determined primarily by the forces of supply and demand in the market.An example of a free enterprise system is the United States. In the United States, individuals and businesses have the right to freely start and run their own businesses, produce and sell goods and services, and make profits.Businesses must compete with each other to offer the best products and services at the lowest prices. Consumers have the freedom to buy whatever goods and services they want and can afford.The government’s role in this system is limited to protecting the rights of individuals and businesses, regulating certain industries, and providing services that the private sector cannot provide.In the United States, the free enterprise system has helped drive economic growth and prosperity. It has also helped create jobs and given people the opportunity to pursue their dreams and ambitions.To learn more about example of a free enterprise system refer to:
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Should a competitive firm ever produce when it is losing money? Why or why not? A. Yes, as long as revenue can cover total variable costs plus any portion of fixed costs B. No, the firm should shutdown if it is making an economic loss. C. No, the firm should shutdown if it is making an accounting loss. D. Yes, as long as revenue can cover some portion of total variable costs.
Yes, Should a competitive firm ever produce when it is losing money beacuse as long as revenue can cover total variable costs plus any portion of fixed costs.
Fixed costs are expenses that remain constant regardless of whether sales or number of products rise or fall. This is so as they aren't involved in the actual process of producing a something or providing a service. Expenses are therefore regarded as indirect costs. Housing costs, rent, salary, and the expenditure for benefits for semi and management staff are examples of fixed rate. The income statement that follows demonstrates how overheads are included in profit before interest or taxes and affect the net income of a factory.
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Vertical integration has served to increase the negotiating power of farmers and ranchers.
True
False
The given statement "Vertical integration has served to increase the negotiating power of farmers and ranchers." False because one firm controls numerous stages of the transaction. Option B
What is "Vertical integration"?Generally, In business parlance, the term "vertical integration" refers to the practice of one firm owning various stages of the manufacturing and distribution of another company's good or service.
In the context of the agricultural industry, this would refer to a firm that controlled everything from the cultivation of seeds to their distribution via retail outlets.
This may lead to a concentration of power in the hands of a few major firms, which in turn can reduce the bargaining power of farmers and ranchers since there may be fewer customers for the items they produce.
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