Answer:
Commoditization
Explanation:
This is known as commoditization. Commoditization can be defined as a a process whereby goods and services can no longer be distinguished from similar offerings that is being made by a rival company. In a particular category such goods are so alike that for you to find the difference between them, you do so via the price tags
Answer:
The answer is B. A change in the wage rate of the workers who produce rubber balls changes the quantity supplied of rubber balls.
Explanation
A change in the wage rate of the workers affects cost of production which in turn influences changes supply.
Answer:
b. 60%
Explanation:
The computation of percentage is assigned to Cost of Goods Sold is shown below:-
$ %
Sales $300 $100
Cost of Goods Sold $180 $60 ($180 ÷ $300) × 100
Gross Profit $120 $40 ($120 ÷ $300) × 100
Operating Expenses $45 $15 ($45 ÷ $300) × 100
Net Income $75 $25 ($75 ÷ $300) × 100
Percentage assigned to cost of goods sold = Cost of goods sold ÷ Sales × 100
= $180 ÷ $300 × 100
= 60%
Therefore for computing the percentage is assigned to Cost of Goods Sold we simply applied the above formula.
