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Wewaii [24]
3 years ago
5

The manager of a gas station noticed that when prices in the convenience store of the gas station decreased, gas sales increased

. This could possibly be because the convenience store products are
Business
1 answer:
igor_vitrenko [27]3 years ago
7 0

Answer:

usually complements to the gas sales

Explanation:

Complementary products are those that their demand increases with the increased demand of other products.

Complementary products are usually used together. For example tea and sugar are consumed together, so an increase in tea consumption should result in an increase in sugar consumption.

In this scenario when the price of the convenience store products falls, their demand will increase. If there is an increase in gas sales too it is logical to conclude that the convenience store goods are complements of gas sales.

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Which roles do franchisees play in case of a product distribution franchise?
rjkz [21]

In a product distribution franchise, franchisees act as dealers, retailers, or

Of the franchisor’s products.

Explanation:

There are different types of franchises that are based around a certain need of the firm or sometimes even the government on its sanction to provide a certain type of service in a franchise with the owners..

So it is to be seen that for a product distribution franchise too, that should be the case.

It is the case as the franchisees act as dealers, retailers or sellers of the products that are made inside the franchise or by the propitiate.

7 0
3 years ago
If real GDP per capita measured in 2009 dollars was​ $6,000 in 1950 and​ $48,000 in​ 2018, we would say that in​ 2018, the avera
babunello [35]

Answer:

The correct answer is (B)

Explanation:

Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population.  In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.

6000$ * 8 =48000$

An average American could buy 8 times more than the average American in 1950.

4 0
3 years ago
In the framework of monopolistic competition, which of the following is not a possible outcome for a firm that runs a successful
castortr0y [4]

Answer:

The correct answer is A)

Explanation:

When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.

A market system characterized as monopolistic competition may <u><em>never </em></u>achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.

Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.

Cheers!  

5 0
3 years ago
What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use sugg
Blizzard [7]

Answer:

Explanation:

Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.

7 0
2 years ago
Two categories of expenses in merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses an
expeople1 [14]

Answer:

Two categories of expenses in merchandising companies are c. cost of goods sold and operating expenses

Explanation:

Merchandising Companies will incur direct expenses related to their trading activities in relation to each of their sales and these are known as cost of goods sold. Cost of Goods Sold is an expense in the Trading Account.

However, the Merchandising Company will also incur other indirect expenses to maintain its trading and are not directly related to each sale of their merchandise. For example the cost of Administration Work and Depreciation of its equipment. These  are known as Operating Expenses. Operating Expenses are expenses in the Profit and loss Account

4 0
3 years ago
Read 2 more answers
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