Henry advises the company to use producer price index.
<h2>
What is producer price index?</h2>
The producer price index (PPI) tracks the typical prices domestic producers of goods and services are paid. It is determined by dividing the current prices that sellers of a representative basket of commodities have received by the prices of those same goods in a base year multiplied by 100.
<h3>
Difference between PPI and CPI?</h3>
In contrast to the Consumer Price Index (CPI), which summarizes prices from the viewpoint of purchasers, the Producer Price Index (PPI) summarizes price level from the perspective of sellers. Because it provides early information on consumer demand and consumption, PPI is regarded as a solid economic indicator. This is so because the prices that producers obtain are a sign of the retail demand.
<h3>
How can the producer price index be used to control inflation?</h3>
The impact of consumer market inflation on changes in prices and measurements can be reduced or entirely eliminated by using the producer price index. Instead, by considering the price of goods, whether that price increases or decreases, and when the commodities are dispatched for distribution, the PPI can be utilized to correctly determine the inflation rate.
learn more about PPI and CPI at <u><em>brainly.com/question/14321574?referrer=searchResults</em></u>
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Answer:
The correct answer is option c.
Explanation:
Prisoner's dilemma is a common concept in the game theory. It shows why two rational individuals will not cooperate. Two prisoner's have the choice to cooperate with each other and remain silent or blame the other.
The Nash equilibrium for both the payers here will be to betray each other. But this will incur cost on both of them. If the players could cooperate with each other, they would not agree to this.
Answer:
I. employees switching between companies
IV. interdependent consumer markets
Explanation:
Industry boundaries helps a business determine the areas in which they are competing, it also helps to identify competitors so a business can design a competitive strategy.
The industry boundary is determined as employees switch between companies. The companies talent moves to is more competitive.
Also industry boundary is determined by how interdependent the consumer market is.
Answer:
<em>Informative advertising</em>
Explanation:
<em>Informative advertising</em> is an advertising modality aimed at publicizing relevant or specific data or facts as necessary. This information is clearly detailed and in most cases is verifiable and measurable.
In the world of marketing, the use of informative advertising is usually related to the need to make known the appearance of a new product or an update or innovation of an existing one.
The advertising campaigns of this modality share a series of characteristics:
- They seek to attract new consumers through the presentation and description of the product.
- This description is usually exhaustive when presenting the benefits of the product and giving reasons for its consumption.
- When working with new products, its benefits are raised against competitors already present in the market.
- It helps with striking marketing tools for rapid audience attraction.
Answer:
COGS = $156800 ; Opereating Expenses = $223500 ; Gross Profit = $125300
Explanation:
COGS is direct manufacturing/ production expenses on goods produced. Operating Expenses includes all expenses (direct manufacturing & indirect sale expenses). Gross Profit is the excess of Net Sales over COGS
Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses - Closing Stock
= 0+ [Wood purchases +Account Payable (credit purchase)] + [stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + 0
= 57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800
= 156800
Gross Profit = Net Sales - COGS
= [Sales Revenue + Accounts Receivables] - COGS
= 255000 + 27100 - 156800
= 125300
Opereating Expenses = Direct Expenses + Indirect Expenses
= [Wood purchases +Account Payable (credit purchase)+ stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + [Staff Salaries & Wages + Administrative Rent & Utilities + Marketing Costs]
= 57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800 + 37400 + 12000 + 17300
= 223500
{COGS is direct manufacturing/ production expenses on goods produced} {Opereating Expenses includes all expenses (direct manufacturing & indirect sale expenses)}
{Gross Profit is the excess of Net Sales over COGS