If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.
In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.
A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.
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Answer:
C) Horizontal growth strategy.
Explanation:
In the given situation, blue ridge would added non related products for the customers who already purchased it from them. Also it shows the concept of one-stop shop i.e. catering should be provided to all rounds requirement for the customers who visited them
Therefore as per the given scenario, the option c is correct
And, the same would be considered
Answer: -$556,000
Explanation:
Based on the information given in the question, the the amount of cash used by investing activities would be calculated as:
Purchase of long-term assets -612,000
Add: Sale of long-term investment at cost 56,000
The amount of cash used by investing activities would now be:
= -$612,000 + $56,000
= -$556,000
Answer:
A firm's normal range of operating activities is relevant range of operations.
Explanation:
Relevant range of operations can be described simply as a firm or company's expected range of activities without any extreme economic conditions. It is the range where the firm operates in normal conditions. Within this range the firm's operations run smoothly. Outside this range revenue and expenditure may fluctuate from what was expected.
