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Rzqust [24]
3 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]3 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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WaterwayCorporation had net credit sales of $13100000 and cost of goods sold of $9070000 for the year. The average inventory for
brilliants [131]

Answer:

The inventory turnover for the period is 5

Explanation:

Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.

The formula for computing the inventory turnover is as:

Inventory turnover = Cost of goods sold / Average inventory

where

Cost of goods sold (COGS) = $9,070,000

Average inventory = $1,814,000

Putting the values above:

Inventory turnover = $9,070,000 / $1,814,000

Inventory turnover = 5

8 0
3 years ago
Benny Company budgeted 610 pounds of direct materials costing​ $18.00 per pound to make​ 8,000 units of product. The company act
docker41 [41]

Answer:

-$720 unfavorable

Explanation:

The computation of the material quantity variance is shown below:

= Standard Price × (Standard Quantity - Actual Quantity)

= $18 per pound × (610 pounds - 650 pounds)

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Simply we take the difference between the standard quantity and the actual quantity and then multiply it by the standard price so that the correct value can come

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3 years ago
Which sentence depicts that alternate sales channels are cost effective for small businesses?
bonufazy [111]

Answer:

Telemarketing depicts that alternate sales channels are cost effective for small businesses is explained below with example.

Explanation:

Telemarketing is the straight marketing of assets or assistance to possible consumers over the communications or the Internet. Four standard varieties of telemarketing involve outbound calls, inbound calls, lead production, and sales calls. The benefits are it is manageable to reach out to consumers and it is cost-effective if done, fortunately.

8 0
3 years ago
Read 2 more answers
Where can university of arkansas students find information about volunteer opportunities?.
katovenus [111]

A student-run group called the Volunteer Action Center (VAC) connects University of Arkansas students with volunteer opportunities in the Northwest Arkansas neighborhood. A student leadership board and regular student volunteers make up the VAC.

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Why do volunteer organizations fail?

Volunteer groups frequently fail because there is a mismatch between people's motivation to volunteer and how the organization handles its base of supporters. People volunteer to support a cause, give back to the community, or just to feel more socially connected.

Learn more about Volunteering: brainly.com/question/11629937

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5 0
2 years ago
Identify effective decision making techniques?
faust18 [17]

Answer:

Step 1: Identify the decision. You realize that you need to make a decision. ...

Step 2: Gather relevant information. ...

Step 3: Identify the alternatives. ...

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