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1 year ago

__ are products that have low immediate appeal but may benefit consumers in the long run.

Business

1 answer:

BabaBlast [244]1 year ago

7 0

Salutary products are products that have low immediate appeal but may benefit consumers in the long run.

There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.

A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.

In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.

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Distribution strategies

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At the strategic level, there are three broad approaches to distribution, namely mass, selective and exclusive distribution. The number and type of intermediaries selected largely depends on the strategic approach. The overall distribution channel should add value to the consumer.

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2 years ago

Consider the markets for three products below. Indicate which characteristics of a competitive market are met by these markets.

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Answer:

Market : Gasoline

b. Standardized good

c. Full information

e. Participants are price takers.

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Explanation:

The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.

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2 years ago

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B - The quantity of milk supplied will decrease

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2 years ago

Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________

Slav-nsk [51]

Answer:

The factor market

Explanation:

The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.

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3 years ago

When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in

Serhud [2]

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

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2 years ago