Revenue = $752,800
Cost of goods sold = $301,800
To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000
The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
Answer:
compared to a mixed economy, a market economy tends to benefit the consumers.
This is mainly because the government intervention and restrictions are minimum in a market economy, compared to a mixed economy in which the government plays a major part as an economic agent and a regulator.
A free market system's main aim is to enhance the competitions and the freedom of choice for the consumers.
However, in the real world scenarios, pure free market systems are difficult to be seen and most of the time, the economies are Mixed economies.
Even in USA's economy 40% of the economy consists of the government agencies and activities.
This is mainly due to the economic malpractices by the producers and corporations.
Explanation:
According to a major study commissioned by the Advertising Research Foundation, the information and advice consumers need to make a purchase comes to them unsolicited when they are in a passive shopping mode. There are two kinds of shopping mode which represent consumers' behavior. Passive and active are these two kinds. Consumers who do not actively<span> seek the information is passive customers. Thus passive is the suitable answer.</span>
