1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhannawk [14.2K]
3 years ago
5

Country Comfort Coffee’s strategic management team is reviewing the company’s mission statement—to produce the world’s best-tast

ing coffee—to determine whether or not their new idea to produce pod coffee matches with the company’s core values. Does the pod coffee idea fit with Holden Evans' mission statement?
Business
1 answer:
evablogger [386]3 years ago
3 0

Answer:

Yes, pod coffee fit well with the company's mission statement.

Explanation:

Holden Evans' mission is “To produce the world’s best-tasting coffee.”

This encompasses all forms of coffee including the pod coffee concept.

As long as the pod coffee is equal in quality and taste to the other forms of coffee, then the concept is in line with the mission statement.

You might be interested in
problem 08-07 (algo) you are the manager of a monopolistically competitive firm, and your demand and cost functions are estimate
Ad libitum [116K]

Demand function: Q = 48 - 2P

a) 2P = 48 - Q

Therefore the inverse Demand function is

P = 24 - Q/2

b) P = 24 - Q/2

Total Revenue = PQ = (24 - Q/2)*Q

TR = 24Q - Q2/2

MR = differentiating TR with respect to Q

MR = 24 - Q

We know a firm will maximize profit at MR = MC

TC = 6 + 3Q + Q2

MC = 3 + 2Q

Putting MR = MC, we have

24 - Q = 3 + 2Q

24 - 3 = 2Q + Q

21 = 3Q

Q = 21/3 = 7

Q = 7

Putting the value of Q in the equation P = 24 - Q/2

P = 24 - 7/2

P = 24 - 3.5

P = 20.5

Therefore the profit-maximizing output is 7 and the price is $20.5

c) TR = PQ = 20.5*7 = $143.5

TC = 6 + 3Q + Q2 = 6 + 3*7 + 7*7 = 6 + 21 + 49 = $76

Profit = TR - TC = 143.5 - 76 = $67.5

Therefore the firm's maximum profit is $67.5

d) a) entry will occur until profits are zero

In the long run, more and more firms will enter the market and the economic profit will be zero in the long run.

In economics, a Demand function is a graph depicting the connection between the price of a sure commodity and the amount of that commodity that is demanded at that fee. call for curves may be used both for the price-amount courting for a person client, or for all purchasers in a selected marketplace.

Learn more about the Demand function here: brainly.com/question/24384825

#SPJ4

5 0
1 year ago
Why are there so many cell phone stores in bad neighborhoods?
frosja888 [35]
In my opinion, bad neighborhoods have a large amount of cell phone stores because the people in the bad neighborhood usually don't come across (or have for that matter) phones. And to see the 'cool' cellphones in person and to have the people sell it in person, the people in the bad neighborhood should want it more. And considering the modern generation we are living in right now, people like technology and want it, in the term 'humans as economical creatures', a human's want will never be satisfied, they will always want more. So, as I said, people and their families like technology, and all the cellphone sellers will come to the neighborhoods who will buy and want more, why would they sell in places where people already have cell phones, so they go to bad neighborhoods.

unless you mean 'bad' isn't 'not highly rich' then I don't know, but as a thirteen year old, I tried.
5 0
3 years ago
The monopoly demand curve is _____________, while the perfectly competitive firm’s demand curve is _______________. This is beca
Amiraneli [1.4K]

Answer:

Downward sloping; horizontal line; demand; large number of competitors

Explanation:

A monopoly is a market structure where there is only a single firm in the market. This firm is a price maker. It can charge whatever price it wants, but the consumers will demand more at a lower price.  

That is why the demand curve of a monopoly is downward sloping and the same as the market demand curve.  

A perfectly competitive market refers to the market structure where there is a large number of buyers and sellers. These firms are price takers. They face a horizontal line demand curve. This is because of a large number of competitors producing homogenous products. So if a firm raises its prices the consumers will move to the firm at a lower price.  

The market demand curve though is downward sloping.

8 0
3 years ago
A drop in the market price of a firm's common stock will immediately affect its:
Illusion [34]
It will directly affect its market capital
7 0
2 years ago
The town of Fairness has a law that says that wages should be high enough to ensure that all people can afford to buy enough foo
Angelina_Jolie [31]

Answer:

Price ceiling

Explanation:

The price ceiling means the maximum price that is charged by the supplier to the consumer. If is not affected so it is above equilibrium price and in case when it is below than the demand is greater than the supply.

So in the given question, it is mentioned that the prices of food are set low that are sufficient to meet the requirement represent the price ceiling example

8 0
2 years ago
Other questions:
  • What does exceptional customer service mean to you?
    7·1 answer
  • The AFL represented: a. A Knights of Labor committee that handled the strategic planning duties and a group that supported the b
    9·1 answer
  • Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 42%. The T-bill rate
    6·2 answers
  • 4.Is the free-market system fair to everybody? Give at least one example showing how the system is fair and at least one showing
    10·1 answer
  • On January 22, Ireland Corporation issued for cash 19,000 shares of no-par common stock at $25. On February 14, Ireland issued a
    7·1 answer
  • Bramble Company must decide whether to make or buy some of its components. The costs of producing 69,800 switches for its genera
    5·1 answer
  • The ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the m
    5·1 answer
  • Join be nice no being disrespectful talk hangout.
    13·1 answer
  • Companies often use features to differentiate themselves from competitors. However, a company must balance the features customer
    13·1 answer
  • Which of the following might experience a factor of failure related to expansion?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!