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2 years ago

A ________ is a story of how the firm will create value for customers and, more important, how it will do so profitably.

1 answer:

3 0

A business is a story of how the firm will create value for customers and, more important, how it will do so profitably.

<h3>What is a business ?</h3>

Business can be described as the activity which involves the making of money through the production or buying and selling products.

It is should be noted that it is "any activity or enterprise entered into for profit, business is a story of how the firm will create value for customers and, more important, how it will do so profitably.

Learn more about business at:

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Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve custom

Radda [10]

Answer: The answer is $27.25

Explanation:

Let x be the price Sweet dreams will charge to earn the profit of $75,000

New sales units = 20,000

New variable cost = $19

We know, Sales - Variable cost - Fixed cost = Profit

Now applying the equation,

20,000x - (20,000*19) - 90,000 = $75000

20,000x = $75,000 + 380,000 + 90,000

therefore, x = $27.25

So, Sweet Dreams will charge $27.25 to earn the same profit it is earning now i.e. $75000 per year.

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3 years ago

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which

kakasveta [241]

Answer:

Its A.

Explanation:

5 0

2 years ago

Read 2 more answers

If there is an increase in market demand in a perfectly competitive market, then in the short run

katovenus [111]

Answer:

The correct answer is option d.

Explanation:

An increase in the market demand will cause the market demand curve to move to the right. This rightward shift in the demand curve will lead to an increase in the market price.

This increase in market price will cause the individual demand curves to move upwards. As the price increases, the profits earned by the firms will increase as well.

Profit to a firm is the difference between its total revenue and total cost, as the price increases, revenue will increase and cost will remain the same. This will cause profits to increase.

7 0

3 years ago

Zhang Industries budgets production of 400 units in June and 410 units in July. Each finished unit requires 5 pounds of raw mate

Vika [28.1K]

Answer:

The correct answer is $12,060.

Explanation:

According to the scenario, the given data are as follows:

Production in June = 400 units

Production in July = 410 units

Each unit required = 5 pounds

Cost per pound = $6

So, June required raw material = 400 units × 5 pounds = 2000 pounds

For July required raw material = 410 units × 5 pounds × 20% = 410 pounds

So, required total raw material for June = 2000 pounds + 410 pounds - 400 pounds ( already in inventory)

= 2010 pounds

So, the total cost required for raw material in June = 2010 pounds × $6

= $12,060

Hence, the budgeted cost of purchases for raw material K for June is $12,060.

7 0

3 years ago

When the store hires two workers, they are able to serve 16 customers per hour. When the store hires three workers they are able

kotegsom [21]

Answer: $24

Explanation:

Given that,

Two workers serve = 16 customers per hour

Three workers serve = 22 customers per hour

Each customer spends an average of $4 in the store.

Total revenue from Two workers = 16 × $4

= $64

Total revenue from Three workers = 22 × $4

= $88

Therefore, the marginal benefit of hiring the third worker would be:

= Total revenue from Three workers - Total revenue from Two workers

= $88 - $64

= $24

7 0

3 years ago