Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
<h3>How supply can be increased in the short run?</h3>
In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.
Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
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Answer:
15.37%
Explanation:
Computation of the gross profit percentage
First step is to calculate the Gross profit using this formula
Gross profit = Net sales revenue - Cost of goods sold
Let plug in the formula
Gross profit= $134,700 - $114,000
Gross profit= $20,700
Now let determine the Gross profit percentage using this formula
Gross profit percentage = Gross profit / net sales revenue
Let plug in the formula
Gross profit percentage= $20700/ $134700
Gross profit percentage= 15.37%
Therefore Gross profit percentage is 15.37%
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Example Coca-Cola, Amazon etc.
Answer and Explanation:
The factors which needs to be evaluated in determining whether an organization uses a traditional or strategic approach to managing its HR are the Responsibility for HR, Focus area, Role of HR, HR Initiatives, Time Horizon, Control, Job Design, Key Investments and Accountability
The specific questions that need to be answered are:
How are information and resources allocated and managed?
Is the HR strategy understood by all the employees?
Is the mission and strategy integrated with the organization's goals and objectives?
These questions should be asked to the upper management personnel who make strategic decisions in the company.