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Ivanshal [37]
4 years ago
12

Describe a real or made up but realistic example of a product that went through a time of scarcity, when demand was greater than

the supply. What is the product, and why do you think it became scarce? What happened to the price of the product when it was scarce
Business
2 answers:
Sidana [21]4 years ago
8 0
A car a bed or a bathtub
Vanyuwa [196]4 years ago
4 0

Answer:

When the brand Supreme comes out with a new shirt they only have so many in stock they when they sell out they don’t sell anymore. So when they have lesser shirts in stock as they start to sell out the demand becomes greater than the supply. When the product is resold because of the scarcity the price is much higher than what it was originally sold for.

Explanation:

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Assume that direct material costs in beginning Work-in-Process Inventory is $500 and an additional $1,500 worth of materials is
Len [333]

Answer:

$4.00

Explanation:

Data provided:

Direct material costs in beginning Work-in-Process Inventory = $500

worth of materials is added during the month = $1,500

Equivalent units for direct materials = 500 units

Now,

the total cost incurred

= Direct material costs in beginning Work-in-Process Inventory + worth of materials is added during the month

= $500 + $1,500

= $2,000

Now,

The Cost per equivalent unit for direct materials

= \frac{\textup{Total cost incurred}}{\textup{Equivalent units for direct materials}}

The Cost per equivalent unit for direct materials  = \frac{2000}{500}

or

The Cost per equivalent unit for direct materials = $4.00

8 0
4 years ago
Ferrari is well known as a brand of luxury sports cars; accordingly, it has leveraged its brand name to introduce clothing offer
Pepsi [2]

Answer:

brand dilution

Explanation:

According to the information in the question above, it is correct to say that Ferrari may run the risk of diluting the brand, which occurs when a brand has a very strong product, as in the case of Ferrari, which is a brand recognized for its luxury cars , and betting on a licensing strategy can lead to a loss of value because other product lines do not meet the quality and value standards perceived by consumers.

3 0
3 years ago
Assume a firm faces these costs: total cost of capital $4,000; price paid for labor = $20 per labor unit; and price paid for raw
insens350 [35]

Answer:

A) total cost = (200 labor hours x $20) + (500 units of raw materials x $8) + $4,000 cost of capital = $12,000

average total cost per unit = $12,000 / 2,000 units = $6 per unit

B) new total cost = (100 labor hours x $20) + (500 units of raw materials x $8) + $4,000 cost of capital =  $2,000 + $4,000 + $4,000 = $10,000

average total cost per unit = $10,000 / 3,000 units = $3.33 per unit

C) When process innovation occurs, total productivity and efficiency increase, decreasing the average cost per unit. In this case the total cos decrease, but even if total costs do not decrease, higher efficiency and productivity can be achieved by production more units at the same total costs. Process innovations, usually related to new technologies, are responsible for the greatest increases in productivity and efficiency which result in higher economic output and growth.

7 0
4 years ago
The CEO of Ridgeway, Inc., realizes that the company’s survival depends on developing and acquiringknowledge. Which of the follo
aleksandr82 [10.1K]

Answer:

The correct answer is B

Explanation:

When the company want that their employees, need to have the knowledge and develop their knowledge as well, they need to arrange or conduct the program of the training as well as programs of the recruiting.

As the CEO, realizes and states that the firm or the business survival grounded on the acquiring as well as the developing the knowledge. So, in order to follow what the CEO said, one must go through the proper training as well as the programs of the recruiting.

7 0
3 years ago
Which of the following is NOT a common feature of a
insens350 [35]

Answer:

b I think it was the best answer

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3 years ago
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