The price system is an important component of the market because it coordinates the activities of producers, consumers, and owners of resources.
The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.
In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.
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Answer:
The answer is $243,000
Explanation:
The inventory on July 8 immediately prior to the fire is the CLOSING INVENTORY.
To find this closing inventory, we need to find the gross profit first and then cost of sales.
To find gross profit:
Gross profit margin=gross profit ÷sales.
Gross profit margin is 20% or 0.2
Sales is $690,000
Therefore, gross profit is:
0.2 x $690,000
=$138,000
To find cost of sales:
Gross profit = sales - cost of sales.
Gross profit is $138,000
Sales is $690,000
Therefore, cost of sales is
$690,000 - $138,000
=$552,000.
And finally to get closing inventory:
Cost of sales = opening inventory + purchases - closing inventory.
Cost of sales = $552,000
Opening inventory = $140,000
Purchases = $655,000
Closing inventory = $140,000+$655,000-$552,000
=$243,000.
Answer:
The correct answer is letter "C": market specialization.
Explanation:
After <em>segmenting </em>their market, companies tend to start their phase of market specialization with the information gathered in their research which is helpful to spot what the company's best segment of the market is based on <em>age, gender, </em>and <em>consumer income</em>. With that information, firms can drive their efforts toward producing a good or rendering a service that satisfies the needs of a specific group of them.
Answer:
Modify Your Auto Loan.
Refinance Your Vehicle Loan.
Trade-in Your Car.
Let Someone Else Assume Your Loan.
Sell Your Vehicle.
Turn the Keys In.
Let Your Car Be Repossessed.
File for Bankruptcy.
