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3 years ago

Which best describes a joint-stock company?

Business

1 answer:

lozanna [386]3 years ago

6 0

<u>Answer</u>:

B) A company owned by investors who share the profits describes a joint-stock company.

<u>Explanation</u>:

A Joint-stock company is a kind of firm that is owned by its shareholders. Shareholders are the people who have invested in the firm. Joint-stock companies gather capital through investment from the shareholders and then use this capital for research and development purposes. The profit that the company gains are also shared with the investors by increasing their share value in the company's stock.

Hence, we can say that a joint-stock company is owned by investors who share profits of the company and alternative B is correct about joint-stock companies.

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The manager of Viking Sports finds that the price elasticity of baseball bats is −0.77. He wants to hold a sale to get rid of hi

kow [346]

The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.

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3 years ago

Identify three types of customers that a business serves.

12345 [234]

<h2>Answer One<u>:</u></h2>

1. Cheap customers

The first one is the cheap customers. These type of customers buy based on price. They compare products and buy the lowest price. These are the type of people who continuously look for coupons and discounts.

2. Educated customers

These customers buy based on value. These people are educated about the things they buy. They research the topic and read reviews about the product. They are willing to spend a significant amount of money, but they need time before buying. They want to know if they really need this product or service.

3. Driven customers

These people buy based on emotions. “It needs to feel right” that’s what they think of when purchasing. For these type of customers, money is not an issue. These are the type of people who want to work with the best, buy the best, and be the best.

<h2><u>Answer Two:</u></h2>

1. Your Current Customers

These are the most important because they’ve already made a commitment to you. They’re less likely to leave your organisation if they receive great customer service and, in reality, it costs less to keep them happy than it does to solicit new business.

2. Brand New Customers

These are the people who are currently purchasing products and services from your competitors. What can you do to show them that your products and services are of a higher quality and would benefit them more than the products they’re currently purchasing?

3. Lost Customers

Lost customers left your organisation for a reason, but you may be able to win them back. You should, of course, consider this on a case by case basis. You obviously don’t want to try to regain a customer who had a terrible payment history. You should, however, try to regain customers who left because of price, because they thought you didn’t have what they needed, or who may suddenly find the service at the new organisation isn’t as great as they thought it would be.

<h2><u>Final Notes:</u></h2>

Make sure your team members understand the three types of customers and how important each is to the growth and success of your organisation. Focus on these three main types of customer and you’re bound to see significant growth in your work group.

6 0

3 years ago

Resources are used efficiently in the sunhat market because when _______. A. production is capital intensive, producer surp

Bad White [126]

Answer:

The correct answer is B

Explanation:

Resources are used efficiently in the sunhat market because when marginal social benefit equals marginal social cost, total surplus is maximized. Thus, From the given four options only the option B is the correct option.

MSC = Marginal Social cost

MSB = Marginal Social Benefit

It is becuase in the competitive market, the quantity that is supplied in the market in same to the quantity which is demanded.

6 0

3 years ago

Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were p

Tems11 [23]

Answer:

improvements to the building,

Explanation:

Opportunity cost is the foregone advantage of not setting certain options in decision making. When a particular option is preferred over others, then benefit from the other options not selected are forfeited. The forfeited benefits represent the opportunity cost.

The value of opportunity cost is equated to the value of the next best alternative. Where there were more than two alternatives available, the next best alternative from the chosen option becomes the opportunity cost. In this case, improvement to the building was voted the second preferred option; hence it becomes the opportunity cost.

8 0

3 years ago

The Muffin House produces and sells a variety of muffins. The selling price per dozen is $15, variable costs are $9 per dozen, a

Airida [17]

<h3>Hello there!</h3>

Your question asks how many muffins the Muffin House needs to sell in order to breakeven

<h3>Answer: 700 Muffins</h3>

In order to find the answer to your question, we first need to gather important information from the question.

Important Information:

Selling price/ per muffin = $15
Variable costs (cost to make)/ per muffin = $9
Total fixed cost = $4,200

With the information above, we can find the answer to the question.

The Muffin House spends $9 to make a muffin, but sells it for $15. So the Margin is $6 (profit).

We would only make profit from the Margin price, so we need to get the Margin price to $4,200.This means we would need to divide 4200 by 6 to get our answer. Since they want to breakeven with the fixed cost, they need to sell as much muffins for the Margin to add up to $4,200 at the end to breakeven.

$4200 \div 6=700$

When you're done solving, you should get 700.

This means that The Muffin House must sell 700 muffins in order to break even.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>

4 0

3 years ago