Answer:
Market
Explanation:
A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1 Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.
~Hope this helps
Answer:
To ensure that the outsourcing initiative succeeds, even as personnel, business needs, and operating conditions change
Explanation:
Outsourcing
This is simply regarded as a form of an arrangement through which one company in contact with another organization mainly to give or provide services that ordinarily could be provided by company employees.
Reasons why organizations outsource
1. To cut costs
2. To improve focus
3. To upgrade capabilities and services
4. Fasten or accelerate time to market etc.
There are several issues associated with outsourcing. They includes:
1. There is the problem of decreasing employee Morale
2. Quality problems
3. Legal issues
3. Negative impact on customer relationships and satisfaction
4. Data security and integrity issues etc.
The objective of outsourcing is to save money and/or provide better service. It aim to lessen or free up development staff to cutoff peaks and valleys in the staffing cycle.
<span>Rationalization improves business processes at managerial level because it is the production method that includes management and the technologies used that lead to better productivity and profitability. This is the most used process for this result at the managerial level.</span>
All of the above are correct
Answer: 1250
Explanation:
Let's go in stages,
Gizmos are sold for $80 and have a variable cost of $36. Subtracting that would give us $44. This is the Contribution margin of Gizmos.
Gadgets are sold for $50 and have a variable cost of $22. Subtracting that would give us $28. This is the Contribution margin of Gadgets.
The text says that 3/4 of goods sold are Gizmos with the rest being gadgets.
Let's account for that using their contribution margins.
This means that Gizmos contribute 3/4 from their CM which we'll calculate as,
= 3/4 * 44
= 33
Gadgets would be
= 1/4 * 28
= 7
The Weighted Average contribution margin for both goods in their selling proportion is therefore,
= 33 + 7
= $40
If they make $40 as the weighted average CM then to find the amount of units needed to break even with a fixed cost of $50,000 can be calculated by dividing the fixed costs by the Weighted Average CM which would be,
= 50,000/40
= 1250
They would need to sell 1250 total units in order to break even with a product mix of 3/4 Gizmos and 1/4 Gadgets.
Please do react or comment if you need any clarification. Thank you.
