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3 years ago

Suppose that the organic-produce industry is composed of a large number of small firms. In recent

Business

1 answer:

masha68 [24]3 years ago

3 0

Answer:

The correct answer is option d.

Explanation:

An industry is comprised of a large number of small firms.

Because of losses, many firms have left the industry.

This will cause the industry supply to decline.

The industry supply curve will move to the left.

The new supply curve will intersect the demand curve at a higher point.

This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.

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As a general rule, __________ seems to work best when the consumer target market for the product is alike across countries and c

Serggg [28]

The correct answer to fill in the blank is product extension.

7 0

3 years ago

During its first year of operations, the McCormick Company incurred the following manufacturing costs:_______. Direct materials,

notka56 [123]

Answer:

Net income= $432,000

Explanation:

Giving the following information:

Fixed overhead, $224,000.

The company produced 28,000 units, and sold 19,000 units, leaving 9,000 units in inventory at year-end.

Income calculated under variable costing is determined to be $360,000.

The difference between absorption costing and variable costing method is that the first one includes the fixed manufacturing cost in the unitary production cost. Some of the fixed overhead is allocated into ending inventory increasing the net income for the period.

Unitary fixed overhead= 224,000/28,000= $8

Fixed overhead in ending inventory= 8*9,000= $72,000

Net income= 360,000 + 72,000= $432,000

6 0

3 years ago

Should a company alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the compa

nalin [4]

NO. The company should not alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the company does business. Especially if the alteration made is against company polity and ethics.

The marketing campaigns must represent the authentic stance of the company. It should be presented in such a way that it gives out positive responses from clients and potential clients regardless of market sector.

8 0

3 years ago

Summarize what a Compound interest is

Llana [10]

compound interest

after getting the simple interest of all the years we subracts the main amount with the simple interest which we got till now .it's called as compound interest

8 0

3 years ago

How does communication aids to trade

Alexus [3.1K]

Answer:

Aids to trade communication

Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents.

Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.

Hope this helpssss :)

7 0

3 years ago