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2 years ago

What is the definition of convenience goods?

2 answers:

5 0

A convenience good is a consumer item that is widely available and purchased frequently with minimal effort. These items are readily available for people to purchase.

Delicious77 [7]2 years ago

4 0

Convenience goods are goods that are usually widely-distributed, easily accessible, purchased frequently, and relatively inexpensive. They have a constant demand. These include things like soap, toothpaste, gum, and candy. A helpful way to remember this definition is that some of these goods are often found in convenience stores.

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list 4 stages of development impacting the airline industry and briefly describe how each has impacted the future direction of t

PolarNik [594]

The 4 stages of development that impacted the Airline Industry are:-

1. Regulation: Strict government control of fares, routes, and entry into markets Regulation resulted from tight ownership control of fares, limited competition on chosen routes, a small market served, a low frequency of city connections, high fares, government bailouts for air carriers, and incentives to increase airline profitability

2. Liberalization: reducing governmental control, increasing bilateral agreements, expanding into new markets, diversifying into new goods, and specialising in specialised markets.

3. Deregulation results in less airfare, improved service, and no government regulation of the market.

4. Re-regulation: Prevent predatory pricing by regulating prices; prohibiting strikes under the Railway Labor Act; updating the air traffic control system to reduce delays; and encouraging development, consolidation, and concentration.

To Learn more about Airline Industry, Click the links.

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6 0

1 year ago

During March, the production department of a process operations system completed and transferred to finished goods 25,000 units

djverab [1.8K]

Answer:

D. 165,000 materials; 144,000 conversion.

Explanation:

The concept of equivalent units measures the number of units in terms of percentage completion in the inputs introduced to outputs.

Calculation of the number of equivalent units with respect to both materials and conversion respectively for March.

Materials

Units Completed and Transferred (135,000 × 100%) = 135,000

Units in Ending Work in Process (30,000 × 100%) = 30,000

Total Equivalent units of Production = 165,000

Materials

Units Completed and Transferred (135,000 × 100%) = 135,000

Units in Ending Work in Process (30,000 × 30%) = 9,000

Total Equivalent units of Production = 144,000

Conclusion :

The equivalent units of production are 165,000 materials; 144,000 conversion.

5 0

3 years ago

Read 2 more answers

Will feckless unexpectedly inherits $10,000 from a rich uncle. he is observed to consume fewer hamburgers than he used to.

daser333 [38]

This would show that Will does not have a homothetic preference for hamburgers. Such preferences are shown to not be effected by income or scale, and since Will has changed his eating preferences based upon this new source of income, such a description would not fit this good.

3 0

3 years ago

Human Resources Manager Isaac Bauer is researching case studies as he prepares an employee wellness workshop. An effective metho

valina [46]

Answer: A. True

Explanation: If he were inexperienced in this field or he was doing it as his hobby (casual objectives) with no goal to reproduce or add to the data already published, or were there people involved in his research, then this would have been categorized as informal research. However this setting is strictly formal, and authenticity of data is mandatory. Print and online journal articles contain the case studies already researched thoroughly.

6 0

2 years ago

The price-elasticity of demand coefficient, Ed, is measured in terms of:_______

Kaylis [27]

Answer:

c. percentage change in price and percentage change in quantity demanded.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.

The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.

7 0

3 years ago