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2 years ago

Understanding how income is distributed within and across populations informs firms of different groups':_____.

1 answer:

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Understanding how income is distributed within and across populations informs firms of different groups purchasing power.

This is further explained below.

<h3>What is purchasing power.?</h3>

Generally, The buying power of a certain currency is defined as the number of goods and services that can be acquired by spending a specific amount of that money.

For illustration purposes, in the 1950s, if one went to a store with one unit of cash, they would have been able to buy whatever was on the shelf.

Income: money that is earned, often on a regular basis, as a direct or indirect consequence of one's job or investing activities.

In conclusion, Firms need to have an understanding of the distribution of income both within populations and between populations in order to determine the buying power of various groups.

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The McDonald's fast-food restaurant on campus sells an average of 4,000 quarter-pound hamburgers each week. Hamburger patties ar

san4es73 [151]

Answer: 11.42 times

Explanation:

Inventory Turnover = Cost of Goods Sold / Average inventory

Where,

Cost of goods sold = 4,000 quarter-pound hamburgers each week x $1.00 a pound

COGS = $4,000 per week

Average Inventory = 350 pounds of hamburger

Inventory Turnover = 4000 / 350 = 11.42 times

3 0

3 years ago

Managing quality helps build successful strategies of A. differentiation, low cost and response. B. differentiation, time and

Mariana [72]

Answer:A. differentiation, low cost and response.

Explanation: A business strategy can be defined as the combination of all the decisions taken and actions performed by the business to accomplish business goals and to secure a competitive position in the market. It is the backbone of the business as it is the roadmap which leads to the desired goals.

A business strategy is a set of competitive moves and actions that a business uses to attract customers, compete successfully, strengthening performance, and achieve organisational goals. It outlines how business should be carried out to reach the desired ends.

A good business strategy focuses on a well-defined target market, with a business offering that matches.

8 0

4 years ago

60 points please help

Trava [24]

Answer:

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.

8 0

3 years ago

A change in which of the following will NOT shift the demand curve for hamburgers? the price of hot dogs the price of hamburgers

Arlecino [84]

Answer: The price of hamburgers

Explanation: Shift in demand curve refers to the situation when there is an increase or decrease in demand for a commodity, due to the factors other than change in price of that commodity. These factors include change in price of related goods, change in consumer preference or income etc.

Thus, from the above we can conclude that the right answer is price of hamburgers.

6 0

3 years ago

How do you calculate overtime earnings with only the total of regular earnings?

Neko [114]

Overtime earnings = Total overall earnings - Total of regular earnings

For example, let's say that you know that your regular earning is $ 50,000 per year. But at that year, you receive $65,000 in total overall earning before taxes and bonus.

This means that the overtime earnings that you earn during that year =

$ 65,000 - $50,000 = $15,000

7 0

4 years ago