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7 months ago

Explain the importance of knowing dependent and independent demand models to companies.

1 answer:

8 0

The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:

To understand inventory.
Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.

<h3>What is independent demand and dependent demand?</h3>

Independent demand is known to be the demand for a given finished product. It can be a machine, a car. etc.

The dependent demand is known to be the demand for a component area of a finished good, such as the wheels on a car.

Note that the Dependent demand is one that is obtained from the demand for a finished product.

Therefore, The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:

To understand inventory.
Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.

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Answer: Option B

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The statement in the given case, depicts the opportunity cost one has to pay of using the scarce resources that could be sued on different alternatives.

The lunch is never free depicts that one could have used it in other alternatives that may have produced some economic benefits.

Hence, the correct option is B.

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3 years ago

A sometimes short, sometimes extended period of declining output and living standards is referred to as a recession.

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I think its A) True.

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2 years ago

Parul is a manager who is preparing to send a memo to members of her team. What will best help her evaluate the memo before she

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The Fair test is the best tool to help her evaluate the memo before she sends it.

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The FAIR test will help the user to:

ensure that the communication is fact-based
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In conclusion, the Fair test is the best tool to help her evaluate the memo before she sends it.

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2 years ago

Tasty Subs acquired a delivery truck on October 1, 2021, for $22,500. The company estimates a residual value of $2,700 and a six

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Answer: Depreciation expense for 2021 = $825

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Explanation:

Using Straight line depreciation

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$3, 300

Depreciation expense for 2021 ( from October to December )

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Depreciation expense for 2022 ( From January to December)

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2 years ago

Nellie works as an attorney for a large consulting firm. Nellie's job is to act as an advisor to the firm's consultants, to be s

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Nellie's position would be classified as a staff position since he working as an attorney for the same consulting firm.

<h3>Who is an attorney?</h3>

An attorney is a person or a member of the legal profession. They are licensed and qualified to represent a client in court.

Here, Nellie is providing legal support to his firm's consultant hence his position would be considered as staff.

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1 year ago