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Rzqust [24]
4 years ago
6

The business market consists of all the organizations that acquire goods and services used in the production of other products o

r services that are sold, rented, or supplied to others. List and discuss the major industries that make up the business market.
Business
1 answer:
RideAnS [48]4 years ago
4 0

Answer:

The major types of industries that make up the business market are agriculture industry, forestry industry, mining industry, manufacturing industry ; construction industry and transportation industry; communication industry, banking, finance and insurance industry.

Explanation:

a) Agricultural industry entails group of firms involving in rearing of animal and growing of both cash crop or food crop either majorly for commercial purpose / use

b) Forestry industries are group of firm who specialize in afforestation and deforestation of trees with a goal of maintaining environmental well-being, majorly for commercial purpose

c) Mining industry are industry who specialize in extraction from the soil raw materials required by other industries. Extraction like crude oil, Coal

d) Manufacturing industry are group of firm whose main objectives is to process raw material into finish good for use by the market and for commercials industry.

e) Transport industry are industry that specialize in movement of people and cargo from one destination to another through land, rail, sea or road

f) Construction industry specializes in buildings of building, roads, bridges and other structure for commercial

and personal use.

g) Communication industry specializes in enabling individual to transmit information from his end to another end.. It ranges from Media to Internet and Phone as all these fall under communication community.

h) Banking, Finance and Insurance industry are industry who accept deposit, gives loans to organisation, provide insurance cover over a particular risk, offers organisation financial advice, offers audit.

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How much would you pay (today) for a $500,000 growing perpetuity that begins in 1 year. Assume the annual discount rate (I/Y) of
Murrr4er [49]

The amount of cash payable for the growing perpetuity today is $11,111,111.11

What is a growing perpetuity?

A growing perpetuity is an investment opportunity that pays its holder cash flows on periodic basis, such that the subsequent cash flows grow at a constant rate forever.

The present value of the growing perpetuity means the amount that needs to be paid today in order to be entitled to the annual cash flows that grows at the constant rate forever.

The formula for the present value formula of a growing annuity is as below:

PV=D1/(r-g)

D1=first cash flow=$500,000

r=discount rate=5.5%

g=growth rate=1.00%

PV=$500,000/(5.5%-1.00%)

PV=$11,111,111.11

Find out more about growing perpetuity on:brainly.com/question/25545513

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5 0
2 years ago
Ikea offers young customers a selection of home furnishings featuring good design, function, and acceptable quality at low price
Sladkaya [172]

Answer:

focused cost leadership                                            

Explanation:

A focused plan for cost management needs price-based rivalry to same a limited sector. A business that implements this approach will not automatically offer the industry's cheapest prices. Rather it pays low prices in competition with other firms that operate within the intended audience.

An crucial point in these techniques is that the essence of the small target audience differs throughout firms using a focused approach of cost management.

In some instances, demographics define the target group. Thus, from the above we can conclude that the correct option is B.

3 0
3 years ago
What are three signs that indicate that the check you were given is bad or fake​
stellarik [79]

1) The check lacks perforations

2) The check number is either missing or does not change

3) The customer’s or the bank’s address is missing

5 0
3 years ago
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
barxatty [35]

Answer:

A. $816,000

B. Dr Inventory $60,000

Cr Retained earning $36,000

Cr Tax payable $24,000

Explanation:

A. Calculation to determine the balance in retained earnings at the time of the change

Using this formula

Retained earnings = Beginning retained earning balance + Adjusted net income

Let plug in the formula

Retained earnings=$780,000+ $60,000 × (1 - 40%)

Retained earnings=$780,000+($60,000×60%)

Retained earnings=$780,00+ $36,000

Retained earnings= $816,000

Therefore the balance in retained earnings at the time of the change is $816,000

2. Preparation of the journal entry at the beginning of 2009 to record the change in principle.

Dr Inventory $60,000

Cr Retained earning $36,000

[$60,000 × (1 - 40%)]

Cr Tax payable $24,000

($60,000-$36,000)

(Being to record the change in principle)

3 0
3 years ago
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,720,000, net operating incom
liberstina [14]

Answer:

Turnover = 4.02

Explanation:

Below is the given values:

Total sales = $25720000

Average operating assets = $6400000

Use the below formula to find the turnover.

Turnover = total sales / Average operating assets

Now plug the values in the formula and divide the total sales from average operating assets.

Turnover = 25720000 / 6400000

Turnover = 4.02

4 0
3 years ago
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