1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikitich [7]
2 years ago
15

Read this scenario, and then answer the question that follows. richard is excited to start his trucking business. after taking o

ut a loan, he decides to buy 10 used trucks and to hire drivers who live in his small town, which is 100 miles from the nearest big city. what potential economic consequences has richard not taken into consideration while making his decision?
Business
1 answer:
Damm [24]2 years ago
8 0

Some potential economic consequences that Richard did not consider before making his decision are:

  • The cost of maintenance for used trucks.
  • The cost of gasoline from the town to the nearest city.
  • The location of the places that goods will be transported to and from.

<h3>What are economic considerations?</h3>

These are the factors that will affect the profitability and viability of a business.

In Richard's case, he needed to have considered various costs such as the higher cost of maintaining used trucks and the cost of gasoline that he will incur for living so far from big cities.

He also needs to consider the distance his trucks will have to travel to pick up good and deliver them.

Find out more on economic considerations at brainly.com/question/13721949.

#SPJ1

You might be interested in
Economics indicators measures rather than activitys
ratelena [41]

Answer:ok24

Explanation:kkgotit

3 0
2 years ago
RT is about to loan his granddaughter Cynthia $10,000 for 1 year. RT’s TVOM, based upon his current investment earnings, is 12%,
qaws [65]

Answer:

They should not be able to successfully negotiate the terms of this loan within these parameters.

Explanation:

It has been provided that RT earns 12% on his current investments and would not like to receive an interest rate of less than 12% on the loan he gives.

if RT gives a loan of $10,000 for one year, he would charge an interest rate of minimum 12%.  

Interest = $10,000*0.12

             = $1,200

RT requires $1,200 in interest.

It has been provided that Cynthia earns 8% on her investment.

If she borrows $10,000 and invests the amount for one year, she can earn 8% return on such amount.  

Earning = $10,000*0.08

             = $800

Cynthia is going to earn $800

RT requires a minimum of $1,200 as interest for 1-year loan he gives while Cynthia can pay a maximum of $10,000 as interest for 1-year loan she takes. there is mismatch between the minimum expectation to receive of lender and the maximum expectation to pay of borrower.

Therefore, They should not be able to successfully negotiate the terms of this loan within these parameters.

6 0
3 years ago
Ethical behavior begins with:.
Marizza181 [45]

Answer:

manners

Explanation:

4 0
2 years ago
According to Herzberg, when ________ are adequate, people won't be dissatisfied, but they will also not be satisfied. motivation
Anastasy [175]

Answer:

The correct answer is letter "B": hygiene factors.

Explanation:

According to American psychologist Frederick Herzberg (1923-2000) in his Motivation-Hygiene Theory -<em>also known as Two Factor Theory</em>- some factors lead to individuals' satisfaction and dissatisfaction at work. Achievement, recognition, and growth are examples of factors that lead to satisfaction and policies, supervision, salaries or security influence dissatisfaction.

Though, <em>solving problems related to dissatisfaction will not make employees satisfied. Herzberg concluded that the opposite of satisfaction is no satisfaction and the opposite of dissatisfaction is no dissatisfaction.</em>

6 0
3 years ago
What is the purpose of a marketing plan?
Elza [17]

Answer:

The is purpose of marketing plan is to:define strategies to engage audiences in order to achieve business objectives

Explanation:

hope it helps

4 0
3 years ago
Other questions:
  • The OSHA standards for Construction and General Industry are also known as what
    10·1 answer
  • A building was purchased for $66,500. The asset has an expected useful life of eight years and depreciation expense each year is
    7·1 answer
  • The point of maximum profit is the point at which the marginal cost equals the-
    6·1 answer
  • Explain what a data dictionary is, making sure to include definitions of the terms data element and record in your explanation.
    5·1 answer
  • The _____ is supported by the small business administration and provides comprehensive counseling for small businesses.
    9·1 answer
  • Which of the following indicators provides the clearest indication that an economy is experiencing deflation?
    12·2 answers
  • Consider a product with a daily demand of 400 units, a setup cost per production run of $100. Monthly holding cost are 15%. Unit
    13·1 answer
  • A distinguishing characteristic of a telecommuter is that these workers?​
    12·1 answer
  • There are not enough goods and services to meet the wants of the population
    13·1 answer
  • Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2019. The truck is expected to
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!