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atroni [7]
4 years ago
5

If, at the current price, there is a shortage of a good, thena. sellers are producing more than buyers wish to buy.b. the market

must be in equilibrium.c. the price is below the equilibrium price.and. quantity demanded equals quantity supplied.
Business
1 answer:
sdas [7]4 years ago
7 0

Answer:

C. the price is below the equilibrium price

Explanation:

Remember, in the law of demand and supply the quantity supplied is dependent on the value of the price of a good.

In this case the price is below the equilibrium price; meaning demand would be higher than the supply which results in the shortage of the good and the company therefore raises the price of the good.

For example, the price of oranges decrease in the equilibrium price (from $10 to $5), resulting in an increase in the demand for oranges.

The increase in demand would lead to shortage, making farmers increase price wanting to supply more.

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Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ g
Brrunno [24]

The firm is not engaging in international trade is True.

(B) The firm is using a regional approach to international expansion.

<u>Explanation:</u>

When a company wants it's business to grow and expand in a new country it uses the regional approach. It is generally used when the company is quite established and it has a nice foothold in the country.

In the regional approach the business is first set up in the country and when it gains power it starts spreading across the borders to get a region as a whole.

4 0
4 years ago
Let’s suppose you (USA dealer) imported one Earth Equipment machine from German dealer on March 1, 2017 at € 300,000 each, payab
Pachacha [2.7K]

Answer:

Loss of $7,000

Explanation:

Cost Price of the Machine

In Germany=€300,000

Exchange Rate on March 1, 2017 was 1.16 US$/€

Cost Price in USA=300,000 X 1.16

=$348000

Selling Price of the Machine

= US$350,000

Amount Paid to the dealer on April 1, 2017 at an Exchange Rate of 1.19 US$/€.

=€300,000X 1.19

=$357,000

Since the Cost Price is greater than the Selling Price,

Loss= C.P - S.P.

Loss =357,000-350000 =$7000.

The dealer made a loss of $7,000.

3 0
4 years ago
Bossie Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following
kotegsom [21]

Answer:

$273,400

Explanation:

Given that,

Wages and salaries = $349,000

Depreciation = 290,000

Utilities = 199,000

Total = $838,000

Cost to be allocated to Assembly cost pool :

= (Wages & salaries × 35%) + (Depreciation × 35%) + (Utilities × 25%)

= ($349,000 × 35%) + (290,000 × 35%) + ($199,000 × 25%)

= $122,150 + $101,500 + $49,750

= $273,400

3 0
3 years ago
Which primary management responsibility includes the process of creating budgets?
sladkih [1.3K]

Planning is the primary management responsibility which includes the process of creating budgets.

Planning provides a framework for a businesses financial objectives typically for the next three to five years. Thus, budgeting details how the plan will be carried out month to month and covers items such as expenses, revenue, expenses, potential cash flow and debt reduction.

A budget helps create financial stability. So by tracking expenses and following a plan, a budget can make it easier to pay bills on time, build an emergency fund, and save for major expenses etc.

Hence, a budget planning puts a person on stronger financial footing for both the day-to-day and the long term.

To learn more about budget here:

brainly.com/question/18803390

#SPJ4

8 0
2 years ago
During the total force fitness (tff) program section of the course, we discussed the importance of leader involvement. leaders m
deff fn [24]

To make the program effective, the activities written in the program must be achievable by the participants in terms of physical achievability and the set time duration. So the leader must make sure that the metrics used in the tff program is:

<span>feasible</span>

8 0
4 years ago
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