All categories

2 years ago

________ is the shift from people making their own fun to people purchasing it as goods and services.

1 answer:

6 0

The commodification of recreational activities is the shift from people making their own fun to people purchasing it as goods and services.

<h3>What is commodification?</h3>

This is when values are assigned to objects or things which are previously meant for fun. Commodification occurs when something that used to have intrinsic value gradually develops a monetary value like water, or sunshine, or knowledge as an example.

Here, human and socio cultural value are converted into market value which also applies to goods, services, ideas, and other forms and products.

Commodification provides benefit to a business environment which includes opportunities for developing new products and services inorder to meet ever changing customer needs and demand.

Learn more about commodification here: brainly.com/question/13235742

#SPJ1

You might be interested in

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $137,

Talja [164]

Answer:

Dr Bad debts expense 1,787

Cr Allowance for doubtful accounts 1,787

Dr Bad debts expense 4,813

Cr Allowance for doubtful accounts 4,813

Explanation:

Mazie Supply Co. Journal entry

Dr Bad debts expense 1,787

($4813-$2,338+$688)

($4,813-$3,036)

Cr Allowance for doubtful accounts 1,787

Dr Bad debts expense 4,813

(3%×$137,500+$688)

($4125+$688)

Cr Allowance for doubtful accounts 4,813

6 0

4 years ago

Adam Smith believed that fair prices for goods are determined in a capitalist system:______ a) through competition between busin

Alexus [3.1K]

Answer:

The correct answer is A

Explanation:

Adam Smith is one of the first theorist who refer to the system of capitalism. Under this system, he asserts that when the person or an individual conduct or make a trade, they value what they bought more than they value what are exchanging for the commodity.

So, under this system, he believed that the fair as well as correct prices of the commodity or the goods will be determined through the competition among the businesses.

5 0

3 years ago

Donatello Co. has identified an activity cost pool to which it has allocated estimated overhead of $9,600,000. It has determined

Luden [163]

Answer:

$9,600,000

Explanation:

The computation of overhead assigned to each product is shown below:-

Overhead rate activity = Total overhead cost ÷ Total number of activity

= $9,600,000 ÷ $800,000

= $12

So, the Total overhead assigned to each product = (Widgets × Overhead rate activity) + (Gadgets × Overhead rate activity) + (Targets × Overhead rate activity)

= ($200,000 × 12) + ($150,000 × 12) + ($450,000 × 12)

= 2,400,000 + 1,800,000 + 5,400,000

= $9,600,000

Therefore for computing the overhead assigned to each product we simply applied the above formula.

4 0

3 years ago

The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,155 and current liabilities of $94

alekssr [168]

Answer:

The answer is $325

Explanation:

To calculate net working capital for 2019;

Current asset for 2019 minus current Liability for 2019.

Examples of current assets are cash, inventory, accounts receivable

Therefore, net working capital for 2019 is;

$1,370 - $1,045 = $325

7 0

3 years ago

True or false: keynes' law best applies to short time horizons that see fluctuations in total demand.

earnstyle [38]

It is a true statement that the Keynes law best applies to short time horizons which see fluctuations in total demand.

<h3>What is the Keynes law?</h3>

The Keynesian economic model is developed to adovate an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.

The law of Keynesian model states that demand creates its own supply and any changes in aggregate demand will cause changes in real GDP and employment.

In conclusion, the statement that Keynes law best applies to short time horizons which see fluctuations in total demand is true.