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4 years ago

Explain two situations where scarcity effects you

Business

2 answers:

zlopas [31]4 years ago

7 0

Answer:

High demand, which results in there being little to none of the product left. The prices may increase.

Low number of workers, if this happens in a factory, then there will be little production made for the consumers.

s344n2d4d5 [400]4 years ago

4 0

When I got into a crash ig

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Which business document is a contract that defines the tasks, time frame, and deliverables that a vendor must perform for a clie

Aleonysh [2.5K]

The statement of work is <span>a contract that defines the tasks, time frame, and deliverables that a vendor must perform for a client.
There are several things that will be written in the statement of work in order to manage the deal, such as the name of the project, the timeline for the project, the project handler, the delivery method, etc.</span>

6 0

3 years ago

Cullumber Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following co

yarga [219]

Answer:

<u>Net Income $ 494,000</u>

Explanation:

Cullumber Inc.

CVP income statement

For the Quarter Ended March 31, 2020.

Sales of $2,300,000

Variable

Cost of goods sold $941,000

Selling expenses 104,000

Administrative expenses 108,000

Total Variable Expenses $1153,000

Contribution Margin $ 1147,000

Fixed

Cost of goods sold $474,000

Selling expenses 77,000

Administrative expenses 102,000

Total Fixed Costs $ 653,000

Net Income $ 494,000

7 0

3 years ago

Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (unit

Diano4ka-milaya [45]

Answer:

Material Purchase Budget:

Material A: $1,170,000

Material B: $702,000

Explanation:

Material purchase budget = Material usage budget × standard price

Material usage budget = Production budget ×standard usage

Production budget = sales + closing inventory - opening inventory

Production budget = 76,000 + 10,500 - 8,500= 78,000

Material purchase budget = Material usage budget × standard price

Material Purchase Budget:

Material A: 3 × 78,000 × $5= $1,170,000

Material B: 0.5 × 78,000 × $18= $702,000

3 0

3 years ago

You invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national populat

natita [175]

Answer:

refine your approach by going back to the drawing board

Explanation:

Considering the scenario described above in the question, the best thing to do is "refine your approach by going back to the drawing board."

This will give you the chance and opportunity to look for a better plan, then find a perfect segmentation approach that really meets and satisfy all of the effective segmentation conditions.

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3 years ago

In constructing there theories, economists use the term "ceteris paribus" which means:______.

kozerog [31]

Answer:

d. other things being equal

Explanation:

"Ceteris Paribus" refers to a latin phrase which means other things remaining equal.

The term is used to convey the constancy of other variables while establishing a relation between factors.

For instance, in the law of demand, ceteris paribus is used to convey factors other than price being constant.

The term is often used to convey cause- effect relationship between parameters.

In economic context, the term conveys the effect one variable casts over another.

3 0

4 years ago