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kicyunya [14]
3 years ago
5

Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursu

ing a low-cost position and doing well, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?
Quick Eats will face low profit potential. T/F
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

True

Explanation:

It is true because differentiated products (unique products) are expensive than the normal products which means that the company is earning extra profits due to its products uniqueness. And if the company is going to eliminate its uniqueness from the product then it is more probable that the profit share would be decreased because the customer will not pay the company extra as their is no uniqueness in the product.

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You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1,405.5. The co
Inessa [10]

Answer:

d. -$4,300.00

Explanation:

Calculation for What is your current profit or loss on this investment

Using this formula

Current profit or loss = Contract size*(Current price quote-Quoted price )

Let plug in the formula

Current profit or loss = 100 *($1,405.5-$1,448.5)

Current profit or loss = 100 *-$43

Current loss = -$4,300.00

Therefore your current loss on this investment will be -$4,300.00

6 0
3 years ago
Imagine you are planning how to set up your new business office. What types of technology and equipment might be needed? Why mig
erica [24]

The types of technology and equipment needed in a commercial office can be cybersecurity software as well as customer relationship management (CRM) systems that assist in collecting, analyzing and organizing the information of your customer base.

It is essential for an entrepreneur to understand some terms related to information technology to generate greater compliance, security and reliability in organizational processes.

<h3 /><h3>Hypertext</h3>

It corresponds to non-sequential and non-linear electronic writing, which is added to other information such as words, blocks of texts, images or sounds.

<h3>URL (or link)</h3>

Its acronym stands for Uniform Resource Locator, which corresponds to the address of a resource available on a given network.

<h3 /><h3>Internet Service Provider</h3>

It is a commercial or non-profit entity that offers internet access and use services.

<h3>Bulletin Board Service</h3>

It is a software that allows the connection via telephone of a computer system for interaction, as well as the internet.

<h3 /><h3>Electronic Storefront</h3>

Corresponds to the hosting of e-commerce sites, that is, sites used to advertise and sell products and services, managing online transactions.

<h3 /><h3>Newsgroups</h3>

Forums in which it is possible to share opinions on different subjects, with people who share the same interests.

<h3>Flames</h3>

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Therefore, it is essential that every entrepreneur understands basic principles of automation to achieve greater security, availability of information and speed in their processes.

Find out more information about technology here:

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8 0
2 years ago
Degregorio Corporation makes a product that uses a material with the following direct material standards:
dimaraw [331]

Answer:

Materials quantity variance = $2,350 F

Explanation:

Given:

Standard quantity = 3.7 kilos per unit

Standard price = $5 per kilo

Unit produced = 6,300

Total material = 23,780

Computation:

Materials quantity variance = (Actual quantity × Standard price) - (Standard quantity × Standard price)

Materials quantity variance = (23,780 × $) - (6,300  × 3.7  × $5)

Materials quantity variance = $118,900 - $116,550

Materials quantity variance = $2,350 F

3 0
3 years ago
An oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B. The FED in coun
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When an oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B.

The FED in country A takes immediate action increasing the money supply, while FED in inflationary country B does not take any action

In this case, in long term "Both countries return to their long-term stable equilibrium, but country A will remain with a higher price level than country B".

<h3>What is Federal Reserve System (FED)?</h3>

The nation's central banking system is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed.

The Fed offers a secure, adaptable, and stable monetary and financial system to the nation.

The Fed's primary responsibilities include-

  • overseeing and regulating banks,
  • implementing national monetary policy,
  • preserving financial stability, and
  • offering banking services.

Therefore, to better understand the effects of financial services laws and practices on customers and communities, the Federal Reserve promotes supervision, community reinvestment, and research.

To know more about  monetary policy, here

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3 0
2 years ago
How do fixed costs per unit​ behave?
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4 years ago
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