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4 years ago

What is an example of a scarce factor of production?

Business

2 answers:

Maru [420]4 years ago

7 0

Answer:

An example of scarce source of production is "Labour"

Explanation:

An example of scarce source of production is "Labour"

Labour

This refers to the work done by those who contribute to the production processes. Many people not in paid employment also provide things that are needed by people. For example, a woman might not hold a job in order to raise her children and look after the home. Some people are more productive in the work place than others because they have different levels of education, training and experience. They are said to possess a greater amount of human capital. This implies that this factor can be enhanced in an economy through educational initiatives and investment in training.

Softa [21]4 years ago

5 0

Answer and explanation:

The factors of production are land, labor, capital, and entrepreneurship. The most immediate scarce factor of production is land. Land represents all natural resources that are used to produce goods and services. However, those resources are limited -e.g. <em>water, wood, oil</em>- which implies individuals must find a way to rationalize its use while fulfilling their needs.

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Using Statement of Cash Flows Information to Assess Company Life-Cycle Stage

yKpoI14uk [10]

Answer:

Explanation:

Operating Investing Financing Cycle

3751 (2404) 1381 Growth

1102 2054 (759) Maturity

20 (480) 926 Growth

(2580) (4200) 7508 Introduction

(409) 5581 (2356) Declining

2281 (3451) 1957 Growth

6385 3272 (1958) Maturity

(365) (1678) (3478) Declining

In the introduction phase , cash flow from the operating and investing activities are negative as the company generate cash for investment through financing activities for operation

In the growth phase , the activities begin to pay off gradually while investing is still on simultaneously as operating activities generate a positive cash flow , investing negative and finance positive

In the maturity phase , company start to pay offset debt and buy back the stock as the business appears stable. Operating and financing activities generate a positive cash flow and financing negative.

In declining stage ,sales begin to fall and operating activities nosedive , investing may be positive as assets are being sold off and financing activities negative.

5 0

3 years ago

An asset that costs $14,400 and has accumulated depreciation of $8,000 is sold for $5,600. What amount of gain or loss will be r

goldenfox [79]

Answer:

C. Loss of $800

Explanation:

Given that

Purchase price = 14400

Depreciation = 8000

Selling price = 5600

Thus,

Value of asset after depreciation = Purchase price - Depreciation

= 14400 - 8000

= 6400.

Therefore,

Difference between current value and price sold = value of asset after depreciation - selling price

= 6400 - 5600

= 800

Therefore, there was a loss of $800, since the selling price is less than the value of asset after depreciation.

6 0

3 years ago

Find the missing data. CINNAMON AND SPICE, INC. Income Statement For the Year Ended December 31, Year 3 Revenues Sales Revenue $

sveta [45]

Answer:

Total revenues are $3,810,200, other selling and administrative expenses are $1,051,500, and net income is $364,600.

Explanation:

The sum of both revenues will be the total revenue.

Revenues Sales Revenue $ 3,000,000

Service Revenue <u> 810,200 </u>

Total Revenues 3,810,200

From the total expenses, we subtract all the know expenses to get S&A expenses:

Total Expenses 3,445,600

Expenses Salaries and Wages Expense (1,314,900)

Advertising and Promotion Expenses (482,200)

Interest Expense (225,600)

Other Expenses (253,700)

Income Tax Expense <u> (117,700) </u>

Other Selling and Administrative 1,051,500

Net income will be total revenues less total expenses:

3,810,200 - 3,445,600 = 364,600

6 0

3 years ago

Assume you are the new marketing vice president at Mayo Clinic. The CEO and the board have decided to expand their international

Feliz [49]

Answer:

The reason for information assortment is to get data which will help in settling on vital choices. In the ebb and flow case, Mayo facility needs to extend their global deals income by 100 percent and they need to do statistical surveying before making any further strides with respect to extension. To complete statistical surveying they are different techniques for information assortment

Secondary Data Collection

Inside Sources-Customer criticism will assist with deciding the client needs and deals record will assist with deciding the territories which needs improvement

Outside sources-Business diaries, Business magazines and web will help in getting the PESTEL (Political, Economic, Social, Technological, Ecological, Legal) examination for a nation which will help in drawing an appropriate technique for development

Primary Data Collection

Poll It's one of the most mainstream strategy for information assortment where survey is sent to the respondents and respondents should fill the poll and sent it back to the concerned division. It's a minimal effort strategy and gives the capacity to cover huge topographical region.

Telephonic Interviews - It's a less expensive choice than individual meeting technique and can be led by reaching tests on phone. It's a quicker method to contact enormous crowds and has high reaction rate.

8 0

4 years ago

The __________ market consists of individuals and organizations that want goods and services in order to produce goods and servi

Nimfa-mama [501]

The B2B market consists of individuals and organizations that want goods and services in order to produce goods and services or to sell, rent, or supply those goods to others.

<h3>What is B2B marketing?</h3>

B2B marketing can be regarded as business-to-business marketing which is a kind of marketing used to focus on other business.

It involves focusing on the process of selling a product or service to a business as well as the affairs of that other business.

learn more about B2B market at brainly.com/question/25754149

#SPJ1

3 0

2 years ago