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3 years ago

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Customer satisfaction most likely arises from: product price the product itself the company that makes or distributes the produc

t the salesperson who sells and services the product a combination of the product, company, and salesperson

1 answer:

Wittaler [7]3 years ago

4 0

A combination of the product, company, and salesperson.

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Pick the correct statement related to bid price from below. Multiple Choice The bid price is the price you must charge to break

statuscvo [17]

Answer:

The bid price is the minimum price that will provide your target rate of return.

Explanation:

A market maker also known as a liquidity provider refers to an individual or business firm who is saddled with the responsibility of quoting a buy or sell price for a commodity with the hope of making profit on the ask-bid price.

The bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.

The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. Thus, a bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.

Hence, the bid-ask spread is simply the difference between the ask price and the bid price. Therefore, a bid-ask spread is a measure of the demand and supply for an asset; where demand represents the bid while supply represents the ask for an asset.

In the trading of a security, a dealer who is willing to sell an asset or securities would receive a bid price while the price at which the dealer is willing to sell his asset to another dealer (buyer) is the ask price.

A bid price can be defined as the amount of money (price) at which a market-maker (dealer) is willing to buy securities, commodities, or other assets.

This ultimately implies that, the bid price is the minimum price that will provide your target rate of return because it is the highest price a buyer is willing to pay to a market-maker (dealer) selling securities, commodities, or other assets.

3 0

3 years ago

Once a company has located several vendors, the next step in the purchasing process is to

jarptica [38.1K]

Answer:

D

Explanation:

4 0

3 years ago

Read 2 more answers

Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she

amid [387]

Answer:

The correct answer is "she should work 16 hours per week at daycare center to earn $136.00"

Explanation:

Pham can earn at the college bookstore

$9 dollars per hour x 15 hours per week she can spend

$9 x 15 = $135

At a café she can earn

= $12 dollars per hour x 6 hours per week

=$12 x 6 = $72

At a garage she can earn

= $10 dollars per hour x 5 hours per week

= $10*5 = $50.

At a daycare center she can earn

= $8.50 dollars per hour x 16 hours per week

= $8.50*16 = $136.

If her goal is to maximize the amount of money she can make each week,

she should work 16 hours per week at daycare center to earn $136.00

6 0

3 years ago

Your supermarket is trying to determine how many meatloaf dinners should be produced on Monday. The Monday demand for meatloaf d

Alecsey [184]

Answer:

The recommended production quantity is that which maximizes profit.

<em>Quantity 130</em>

<em />

Explanation:

Quantity to produce is the problem here. Remember that this is one of the fundamental questions in the discipline of Economics.

- What to produce? - For whom to produce?

- How to produce? - In what quantity?

Possible Production Quantities:

100, 110, 120, and 130

Mean Demand = 100

Standard Deviation = 20

Lowest possible demand = 100 - 20 = 80units

Highest possible demand = 100 + 20 = 120units

<u>* Solve, using the mean demand for each quantity level. Assume also that on every Monday, the minimum possible quantity is what is purchased. That's the safest assumption anyway.</u>

<u />

FOR QUANTITY 100,

Revenue = 7×100 = $700 Direct cost = 2×100 = $200

Indirect cost = 0.6×20 = $12 Total cost = 200 + 12 = $212

PROFIT = 700 - 212 = $488

FOR QUANTITY 110,

Revenue = 7×110 = $770 Direct cost = 2×110 = $220

Indirect cost = 0.6×30 = $18 Total cost = 220 + 18 = $238

PROFIT = 770 - 238 = $532

FOR QUANTITY 120,

Revenue = 7×120 = $840 Direct cost = 2×120 = $240

Indirect cost = 0.6×40 = $24 Total cost = $264

PROFIT = 840 - 264 = $576

FOR QUANTITY 130,

Revenue = 7×130 = $910 Direct cost = 2×130 = $260

Indirect cost = 0.6×50 = $30 Total cost = $290

PROFIT = 910 - 290 = $620

<em>Remember, the base assumption is that only the minimum quantity of 80units is bought each Monday. This is the only way to account for wastage; which costs 0.6 dollar per unit. So, the more the quantity produced, the greater the likelihood of wastage.</em>

3 0

3 years ago

The Digital Millennium Copyright Act, signed in 1998, Multiple Choice allows anyone with access to a computer to publish origina

Rina8888 [55]

The purpose of the Digital Millennium Copyright Act is to improve protection of copyrighted digital products.

<h3>What is the Digital Millennium Copyright Act?</h3>

It is an Act by the U.S. Congress that aims to make it harder to engage in using copyrighted materials without authorization.

It does this by making it illegal to produce technology or devices that help people use copyrighted materials without permission.

In conclusion, option D is correct.

Find out more on copyrights at brainly.com/question/357686.

5 0

2 years ago