Answer:
=$48
Explanation:
Mark-up refers to the intended profit margin: It is selling price -cost of production.
For Rockport Fisheries: cost of production is $ 30
Mark -up is 60 %. i.e., profit margin equal to 60 % of cost price
Selling price= cost +mark up
= $30 + (60/100 x100)
=$30+$18
=$48
The correct answer for the blank space on the question is planned economy.
Planned economy refers to <em>a form of economy that is commonly associated with communism</em>. It is a type of economic system where the allocation of investments and production of goods are done according to economic plans. This is apparent from how John still receives his salary even though his workplace is no longer producing cars. It is different with market systems where demand drives the economy.
Answer:
The correct answer is <em>Industry Knowledge.</em>
Explanation:
According to the situation described above, Robert's action is to educate himself about the market in which he aspires to work. This means that you want to raise your knowledge about the pharmaceutical industry in order to be selected more quickly. Any action that a person performs to raise knowledge in a certain sector, fits perfectly with the industry.