Under mechanism of scientific management scientific task setting include?

Last year, Max bought 6 pairs of athletic shoes when his income was $35,000. This year, his income is $42,000, and he purchased

Harlamova29_29 [7]

Answer:

4. Considers athletic shoes to be normal goods.

Explanation:

A normal good is a term used to describe a product or service whose demand increases as consumers' income increases. The quantity demanded of a normal good also increases if the economic conditions in a country improve. Goods or services that consumers view to be of a high utility value adopts the behavior of normal goods.

Max considers athletic shoes as normal goods. He regards them to be of high utility value. An increase in income makes him buy more of the shoes. Normal goods are contrasted by inferior goods whose demand decline as people's incomes increase.

4 0

4 years ago

Stella earns $750 per week working as an analyst for A-Plus Accountants. She uses $40 to get her car detailed at Spotless Car Wa

pshichka [43]

Answer:

2. Nathan spends $50 to purchase tax services

4. Stella spends $40 to get her car washed.

Explanation:

product market is the marketplace in which final goods or services are offered for purchase by businesses and the public sector. Focusing on the sale of finished goods, it does not include trading in raw or other intermediate materials.

5 0

4 years ago

Assuming that an investor requires a 10% annual yield over the next twelve years, how much would she be willing to pay for the r

hodyreva [135]

Answer:

the present value is $6,372.62

Explanation:

The computation of the amount that willing to pay is shown below

As we know that

Future value = Present value × (1 + rate of interest)^number of years

$20,000 = Present value × (1 + 0.10)^20

$20,000 = Present value × 3.13842837

So, the present value is

= $20,000 ÷ 3.13842837

= $6,372.62

hence, the present value is $6,372.62

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0

3 years ago

The Burger Doodle restaurant chain purchases ingredients from four different food suppliers. The company wants to construct a ne

Fittoniya [83]

Given Information:

Site 1: x1 = 360 , y1 = 180

Site 2: x2 = 420 , y2 = 450

Site 3: x3 = 250 , y3 = 400

Solution:

Xa = 200, Ya = 200, Wa = 75

Xb = 100, Yb = 500, Wb = 105

Xc = 250, Yc = 600, Wc = 135

Xd = 500, Yd = 300, Wd = 60

If centre of gravity is (x,y)

then x = (200*75+100*105+250*135+500*60)/(75+105+135+60)

x = 238

then y = (200*75+500*105+600*135+300*60)/(75+105+135+60)

y = 444

Using centre-of-gravity method, location of distribution centre = (238,444)

Using rectilinear distance,

Load distance score of Site 1: 75*(abs(360-200)+abs(180-200))+105*(abs(360-100)+abs(180-500))+135*(abs(360-250)+abs(180-600))+60*(abs(360-500)+abs(180-300)) = 161550

Load distance score of Site 2: 75*(abs(420-200)+abs(450-200))+105*(abs(420-100)+abs(450-500))+135*(abs(420-250)+abs(450-600))+60*(abs(420-500)+abs(450-300)) = 131100

Load distance score of Site 3: 75*(abs(250-200)+abs(400-200))+105*(abs(250-100)+abs(400-500))+135*(abs(250-250)+abs(400-600))+60*(abs(250-500)+abs(400-300)) = 93000

Site 3 tends to be optimal as it offers a lower distance ranking.

8 0

4 years ago

1. What is Trade-Off (Conjoint) analysis? What does it consist of?

Feliz [49]

Answer:

Trade-off analysis <em>is a group of methods that calculate the preferences of respondents of different product attributes (usually including price). </em>

To calculate consumer preferences, understand how price changes influence product or service demand, and predict a product's likely acceptance when brought to market.

The benefits are calculated indirectly in certain situations.

They are one of marketing research's most commonly used quantitative methods.

5 0

3 years ago