Answer:
A) price will increase and quantity increase.
Explanation:
An increase in demand means more customers are willing and can afford to buy a product. Holding the other factors constant, an increase in demand results in many potential buyers chasing very few goods. The competition for the few goods leads to an increase in their prices. The equilibrium point moves up the graph to a new higher position as a result of an increase in demand.
As per the law of supply, quantity supplied increases as prices rise. Profit motives drive all business establishments. As prices increase due to increased demand, suppliers will be motivated to supply more to take advantage of high prices.
Answer:
Apple contribution margin
$ 300 per unit
Apple Break even point:
$ 120 units
Google contribution margin
$ 200
BEP
$ 50
Explanation:
<em><u>Where:</u></em>
Apple contribution margin
550 - 250 = 300 per unit
Apple Break even point:
36,000 / 300 = 120 units
Google contribution margin
470 - 270 = 200
BEP
10,000 / 200 = 50
Answer:
C. a result of the seasonal pattern of work in specific industries
Explanation:
Seasonal Unemployment results out of seasonal demand of labor in those industries where the nature of job is dependent upon weather or business seasons.
For example in case of crops, during the harvest season, there is high demand for labor while during the rest of the year there is no demand at all. So laborers of such industries are employed for a fixed duration in an year and remain unemployed for the rest of the period.
This unemployment is not due to inadequacy of labor skills but results owing to nature of the industry and seasonal pattern of the work required.
Answer:
d) Competition
Explanation:
According to Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.
On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)
Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).
Answer:
True because in the case if the the company is producing single product then the method is simple. If the company is making number of products we have to assume a sales mix to calculate breakeven point. Reaching breakeven point is not easy in multi products case. To calculate breakeven point we have to calculate weighted average contribution per unit to put the values in the following formula:
Breakeven point (units) = Fixed cost/ weighted average cost per unit
