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trapecia [35]
2 years ago
11

Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine produ

ction and pricing decisions. what kinds of economy is alex living in?
Business
1 answer:
ioda2 years ago
8 0

Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decision is the kind of 'Market Socialist' economy.

Market socialism, sometimes known as liberal socialism, is an economic system that strikes a balance between free enterprise and socialist planning. In this system, businesses are publicly owned, but output and consumption are determined by the market rather than by governmental planning.

In real life, Market socialism components have been present in a number of different economies. A version of market-based socialism, based on socially owned cooperatives, workers' self-management, and market allocation of capital, is usually regarded as having existed in the former Socialist Federal Republic of Yugoslavia.

To learn more about Communist

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Which of the following can be done by salespeople to send strong signals of interest and understanding to potential buyers?​ Gro
Molodets [167]

Answer:

The correct answer is letter "B": Restating and paraphrasing the sender's message.

Explanation:

Salespeople should <em>paraphrase potential customers' segments</em> to make sure they understood what they said and to show they are paying attention to them. By doing so, consumers will feel like the salespeople understand their demands and that they care for the consumers' satisfaction while making the purchase.

5 0
3 years ago
L Corporation produces and sells 15,300 units of Product X each month. The selling price of Product X is $23 per unit, and varia
Arlecino [84]

Answer:

<em><u>It would generate a financial disadvantage for 62,800</u></em>

Explanation:

\left[\begin{array}{cccc}-&continued&discontinued&differential\\Sales&351,900&0&-351,900\\Variable&-260,100&0&260,100\\Contribution&91,800&0&-91,800\\Fixed&-103,000&-74,000&29,000\\total&-11,200&-74,000&-62,800\\\end{array}\right]

It would generate a financial disadvantage for 62,800

Because the product, while is having a loss, their contribution cover is enought to cover at least the avoidable fixed cost.

5 0
3 years ago
In order to save $57,000 in five years, John will start saving money next month. He already has $10,000 in his account. The acco
Jlenok [28]

Answer:

He has to deposit $750.46 every month into the account

Explanation:

Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.

Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.

FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r

$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%

A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]

A = ( $57,000 - $10,618.05 ) / 61.80471

A = $46,381.95 / 61.80471

A = $750.46

3 0
4 years ago
50 percent of your potential customers would be willing to buy your product for $16 each, but the other 50 percent would be will
nignag [31]

If you set the selling price of each unit at $16, the expected profit per customer is: $6.

<h3>Expected profit</h3>

Using this formula

Expected profit=Lowest amount willing to pay-Marginal cost

Where:

Lowest amount willing to pay=$10

Marginal cost=$4

Let plug in the formula

Expected profit=$10 - $4

Expected profit= $6

Therefore if you set the selling price of each unit at $16, the expected profit per customer is: $6.

Learn more about expected profit here:brainly.com/question/4177260

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8 0
2 years ago
An exchange-rate policy in which the government usually allows the exchange rate to be set by the market, but sometimes interven
uranmaximum [27]

Answer: Managed Float

Explanation:

Also called "Dirty Float", the Managed float is an exchange rate system that allows for the currency of a country to be set by the forces of demand and supply in the market.

However, unlike in a clean float,  the Central bank will occasionally intervene in the market to influence the how fast the currency is changing value or to control the direction it is going.

This is usually done to protect the domestic economy from sudden shocks in the global economy.

3 0
3 years ago
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