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4 years ago

Products whose demand rises when another product’s price increases are called

2 answers:

6 0

The correct option is SUBSTITUTE GOOD.
Substitute goods are goods which can be substituted for each other. If the price of one substitute good increase, the demand for the other substitute good will increase. For instance, for two goods A and B which are substitute, if the price of A increases, consumers will abandon A and start to buy more of B, whose price is lower, thus, the demand for good B will increase.

vekshin14 years ago

5 0

Answer:

The graph shows a demand curve.

A graph titled Demand Curve has Quantity Demanded on the x-axis, from 0 to 60 in increments of 10, and Price on the y-axis, from 0 to 20 dollars in increments of 2 dollars and 50 cents. A line with negative slope is on the graph.

What does the data shown in this graph represent?

A. a decrease in quantity demanded as prices decrease

B. an increase in price as quantity demanded decreases

C. a decrease in income as quantity demanded increases

D. an increase in quantity demanded as prices decrease

Explanation: OPTION D IS CORRECT

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2 tens 3 ones 2 tenths

Slav-nsk [51]

Answer:

322 is the answer

hope this helps

6 0

4 years ago

Read 2 more answers

On the first day of its fiscal year, Scooter Co. purchased a computer system for a total cost of $50,000. The computer system is

Gnom [1K]

Answer:

$20000

Explanation:

Given: Total cost of computer system= $50000.

Residual value= $5000.

Useful life= 5 years.

Now, calculating depreciation expense as per double-declining balance method.

$Depreciation\ expense= (cost- Accumlated\ depreciation)\times \frac{2}{useful\ life}$

⇒ $Depreciation\ expense= (\$ 50000- \$0)\times \frac{2}{5}$

⇒ $Depreciation\ expense= \$ 50000\times \frac{2}{5}$

∴ $Depreciation\ expense= \$ 20000$

Hence, $20000 is the depreciation expense for first year as per double-declining balance method.

8 0

3 years ago

What is the option to sell shares of stock at a specified time in the future called? a stock exchange a call option a future a p

MrRa [10]

Answer:

A put option

Explanation:

An option is a finantial instrument that allows you to chose wether you buy (a call option) or sell (a put option) an specific good or intrument in a specific time in the future, at a specific price.
When talking about an option, you can choose if you are going to exercise your right to buy (if it is a call option) or sell (if it is a put option).
This is a difference between a future and an option: a future is a compromise to buy or sell an specific commodity or finantial instrument, while the option makes it optional (to buy or sell).
A stock exchange is a simple exchange of stocks, but without a compromise to do it at a specific time in the future or prices. There is no option or obligation to buy or sell in a common stock change case.
In this case, we are talking about a put option (an option to sell), and the finantial instrument that is linked to the option are shares of stocks.
Then, in a specified time in the future you will be able to sell shares of stock using a put option.

3 0

4 years ago

Read 2 more answers

Product Pricing: Single Product Presented is the 2017 contribution income statement of Grafton Products. GRAFTON PRODUCTS Contri

hodyreva [135]

Answer:

a)647,000

b)658,000 yes as increase net income

c) 2,480,000

Explanation:

a) current net income : 842,000

less 13,000 x 12 increce in variable manufacturing (156,000)

less increase in fixed MO (39,000)

647,000

Sales 3,200,000 (16,000 x 200)

Variable (1,408,000) 988,000x16,000/13,000 + 156,000

Contribution 1,792,000

Fixed MO (819,000)

Fixed S&A (315,000)

Net Income 658,000

$\frac{Fixed\:Cost + Target \: Profit}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

$\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio$

1,792,000 / 3,200,000 = 0.56

$\frac{1,134,000 + 254,800}{0.56} = Break\: Even\: Point_{dollars}$

4 0

4 years ago

Although it is a cost leader, IKEA also offers some differentiated features that appeal to its target customers, including its u

slega [8]

Answer:

The correct answer is True.

Explanation:

Assemble and transport the furniture to save money, that is the simplified “value proposition” of Ikea. A business model that has been extended in the furniture sector sweeping the competition in dozens of countries. The main reason, one of the keys to traditional marketing: invest more in improving the product than in promoting it. Ikea, the Swedish company (whose national colors appear on the logo) of furniture founded by Ingvar Kamprad, who recently left his board of directors at 87, has achieved worldwide success by doing effective marketing based on:

Product design: one of the keys to marketing is to invest in a good product. Because in this way the advertising and promotion spending will be much lower, when using the word of mouth of satisfied customers. In the case of Ikea, many of its furniture is removable, so it is stored and transported in standardized packaging. This not only facilitates the transport by the client, but also represents a significant saving of storage and logistics costs for Ikea. In addition all the furniture comes with instructions and tools to facilitate its assembly. Ikea gets to manufacture annually a whopping 50 million Allen keys.
Corporate Social Responsibility: Although Ikea specializes in a medium - low price product, it is not why it uses other brands to save costs through strategies such as child recruitment in developing countries. Which has a positive effect on your brand, unlike the scandals of other multinational companies.
Merchandising: or marketing actions to increase profitability at the point of sale. Ikea is an expert in generating complementary income to its main furniture sales business. The restaurants of Ikea are not only a great source of income but also make customers continue shopping after recovering energy with a hot dog. During the path that goes through the store, more typical of a maze and that makes it impossible to leave without buying anything, there are numerous points to take bags where to store the products. So buyers always have their hands free to buy more.
Dream marketing: that is, sell using consumer dreams. Ikea reproduces spaces and sensations in his shop, such as through the decoration of royal rooms. The interior design reaches such detail that it promotes the purchase of related products, generating cross sales.

4 0

4 years ago