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3 years ago

The basic difference between a good and a service is that a good

Business

2 answers:

d1i1m1o1n [39]3 years ago

8 0

Answer:

The basic difference between a good and a service is that a good is tangible while a service is intangible.

Explanation

Check the table attached to find an outline of the basic differences between a good and a service.

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Sidana [21]3 years ago

7 0

Answer:

is a tangible object that can be owned and stocked.

Explanation:

The main characteristics of services are:

Lack or ownership: services cannot be owned or stocked.
Intangibility: services do not have a physical shape.
Inseparability: services are produced and consumed at the same time.
Variability: services are not homogeneous and their quality might vary a lot.
Perishability: any service not provided today is lost by tomorrow.
User participation: consumers and producers must necessarily participate in the service process.

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Suppose the price of salt increases by 25 percent and, as a result, the quantity of pepper demanded (holding the price of pep

Lisa [10]

Answer:

Option (C)

Explanation:

As per the data given in the question,

Price of salt increases by = 25%

Quantity of pepper demanded increases by = 4%

Cross price elasticity = Quantity of demand increases ÷ Price of salt increases

= 4% ÷ 25%

=0.16

Hence Cross-price elasticity of demand between salt and pepper would be positive.

So option (C) is answer

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3 years ago

What is market penetration

nalin [4]

Answer:

the extent to which a product is recognized and bought by customers in a particular market.

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4 years ago

A permanent fund classified under governmental funds ... A. Accounts for most of the basic services provided by the governmental

Wewaii [24]

Answer:

D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.

Explanation:

Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.

7 0

3 years ago

Read 2 more answers

On December 31, the company's Cash account had a balance of _____. $40,000 $54,000 $110,000 $124,000

notka56 [123]

Answer:

The company's Cash account had a balance of $54,000 on December 31.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the questions as follows:

Company's cash account had balance of 14000 on January 1

Receipts from customers- 50,000

payments for dividends- 10,000

receipts for dividends- 5,000

payments for merchandise- 25,000

receipts from issuance of stock- 20,000

On December 31, the company's cash balance is?

A 40,000

B 54,000

C 110,000

D 124,000

The explanation of the answer to the question is now given as follows:

the company's Cash account balance On December 31 can be obtained by simply adding the total cash receipts to and deducting the total cash payments from the Company's cash account balance of 14000 on January 1. This can be expressed as follows:

Cash balance on December 31 = Cash account balance on January 1 + Total cash receipts - Total cash payments .............. (1)

Where we have:

a. Cash account balance on January 1 = $14,000

b. Calculation Total cash receipts

Details $

Receipts from customers 50,000

receipts for dividends- 5,000

receipts from issuance of stock 20,000

Total cash receipts  75,000 

c. Calculation Total cash payments

Details $

Payments for dividends 10,000

payments for merchandise 25,000

Total cash payments 35,000

Substituting the values into equation (1), we have:

Cash balance on December 31 = $14,000 + $75,000 - $35,000 = $54,000

Therefore, the company's Cash account had a balance of $54,000 on December 31.

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3 years ago

Lobbying, or building and maintaining relations with legislators and government officials to influence legislation and regulatio

Elanso [62]

The statement that is being described is a part of public relations. It is because the public relations' function is to be able to maintain their image with of the company, organization or to the public. They maintain this relationship in order to display a positive image and to be able to be known to the public and to have a strong support or bond that they want to have or accomplish.

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3 years ago