Answer:
The correct answer is option B.
Explanation:
As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.
Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.
Answer:
Quality Control
Explanation:
The Quality control includes review each phase of the project and assessing whether the company has delivered its fair share according to the contract clauses and its implied duties. The quality controlers have a set of checks which provide sufficient evidence whether or not the relevant quality standards are met or not.
Answer:
d.loss of $30,000
Explanation:
The initial cost of the cage: $310,000.00
Selling price: $ 20,000.00
Depreciation recorded: $260,000.00
calculating book value: (initial cost-Depreciation)
=$310,000-$260,000
Book value =$50,000.00
Profit or loss=selling price- book value.
=$20,000.00- $50,000.00
=($30,000.00)
loss of $ 30,000.00
Answer:
C) Specialty product
Explanation:
Specialty products are products that customers actively seek to buy because:
- the products possess unique or outstanding characteristics (e.g. luxury goods or sports cars).
- brand loyalty: loyalists have a strong preference for certain products and they will go out of their way to visit a store just to buy that product.
Consumers who purchase specialty products know what type of product they want and don't mind to spend time searching for that product.
