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2 years ago

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

Business

1 answer:

BabaBlast [244]2 years 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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Which of the following statements about oligopolies is not correct? a. An oligopolistic market has only a few sellers. b. The ac

Finger [1]

Answer:

d. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.

Explanation:

An oligopoly can be defined as a market formation where in a given sector of the economy there are only a small number of competing companies offering a product or service. Its structure is formed by imperfect competition (between monopoly and perfect competition).

The difference between monopoly and oligopoly is that the number of companies that the market has will set the price of products in an oligopoly market, whereas in the monopoly only one company dominates the market and therefore that company determines the price of the good, as it is a market without competition. Therefore, alternative D is the incorrect one.

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3 years ago

A forecasted workload and a recommended care standard determine the:

Aleksandr-060686 [28]

The appropriate response is staffing pattern. The staffing administration design gives the organized procedures to recognize persistent needs and afterward to convey the staff assets as productively and viable as could be expected under the circumstances. A viable arrangement initially concentrates on balancing out the unit center staffing. A staffing example, or center scope, is resolved through a gauge workload and a prescribed care standard.

7 0

3 years ago

Slapshot Company makes ice hockey sticks and sold 1,890 sticks during the month of June at a total cost of $378,000. Each stick

Grace [21]

Answer:

Slapshot Company

Income statement for the month of June

Sales ( 1,890 x $360) $680,400

Less Costs of Sales ($378,000)

Gross Profit $302,400

Selling Costs :

Commissions $68,040

Other Selling Expense $64,700

Administrative Expense $53,800 ($186,540)

Net Income $115,860

Explanation:

The Income statement shows the Profit earned during the reporting period. This is determined as Gross Profit (Sales - Cost of Sales) minus the Operating Expenses.

6 0

3 years ago

Byron is interested in buying an antique vase for his grandmother's birthday. He visits an antique store and buys the first vase

Tresset [83]

Answer:

specialty

Explanation:

Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.

Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.

6 0

3 years ago

Recession, inflation, and high interest rates are economic events that are best characterized as being a. systematic risk factor

Shalnov [3]

Answer:

The correct answer is letter "B": among the factors that are responsible for market risk.

Explanation:

Market risk is the threat of an investment value falling due to factors that affect all market-wide investments. Investors always take on a certain level of risk. There is always the risk that their investments do not achieve expected returns. The risk falls into two categories: Systematic risk and Unsystematic Risk.

Interest rates fluctuations, recession, and inflation are considered market risks.

3 0

3 years ago