Answer:
raising prices to customers (in order to cover the high costs).
Explanation:
Supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Options for attacking or mitigating the high costs of items purchased from suppliers do not include, the seller such as a retailer raising prices to customers in a bid to cover the high costs incurred from the supply.
However, the seller could pressure his or her supplier to lower the cost, switch to a cheaper substitute products, and creating a collaborative effort with the supplier for mutual cost-saving opportunities in the market.
Answer:
The rewards of practicing management include:
a. Building a catalog of successful products or services
b. Becoming a mentor and helping others
c. Experiencing a feeling of accomplishment along with your employees
d. Magnifying your range and stretching your abilities
Explanation:
When management is truly practiced, the rewards are usually great. The rewards cannot be quantified by what one person has accomplished, because it has some multiplier effects. Organizational efficiency is also improved. For those in management, they will gain much experience which they can easily pass to others through mentoring and coaching. With their employees, they will also feel a sense of having accomplished something meaningful. Management also gives one the ability to go beyond one's natural range, stretching the person's abilities, and enabling her to attain better outcomes than initially imagined.
Answer:
In the question, we are not given information with respect to sales costs, so we can only find total gross sales:
Sales Budget fist 2 quarters of the year
Product Sales Price Sales Q1 Sales Q2 Total gross sales
XQ-103 $14 22,590 27,710 $704,200
XQ-104 $27 14,880 16,200 $839,160
$1,53,360
<span>American Express credit cards and credit cards in general are a type of revolving charge account. Credit cards are regarded as a revolving charge account or revolving credit because if the balance is not paid off by the period specified, it will roll over to the next period (and collect interest), thus "revolving" into the next period. This is how the debt compounds if you are not responsible with your credit cards.</span>
Answer:
Shoe-leather Costs.
Explanation:
In this scenario, Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value.
What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the Shoes-leather costs of inflation.
A Shoe-leather costs refers to the costs of time, energy and effort people expend to mitigate the effect of high inflation on the depreciative purchasing power of money by frequently visiting depository financial institutions in order to minimize inflation tax they pay on holding cash.
Metaphorically, it ultimately implies that in order to protect the value of money or assets, some people wear out the sole of their shoes by going to financial institutions more frequently to make deposits.
Hence, Bob is practicing a shoe-leather cost of inflation so as to reduce the nominal interest rates.
