To develop needed information, marketing information systems utilize ________

If a firm has economies of scale, increasing the quantity produced will lead to: multiple choice 1 higher long run average costs

xeze [42]

It results in lower short run average cost in economies of sale .

<h3>Economies of scale</h3>

Economies of scale refers to the situation where, as the quantity of output goes up, the cost per unit goes down. This is the idea behind “warehouse stores” like Costco or Walmart. In everyday language: a larger factory can produce at a lower average cost than a smaller factory. Figure 2 illustrates the idea of economies of scale, showing the average cost of producing an alarm clock falling as the quantity of output rises. For a small-sized factory like S, with an output level of 1,000, the average cost of production is $12 per alarm clock. For a medium-sized factory like M, with an output level of 2,000, the average cost of production falls to $8 per alarm clock. For a large factory like L, with an output of 5,000, the average cost of production declines still further to $4 per alarm clock.

One prominent example of economies of scale occurs in the chemical industry. Chemical plants have a lot of pipes. The cost of the materials for producing a pipe is related to the circumference of the pipe and its length. However, the volume of chemicals that can flow through a pipe is determined by the cross-section area of the pipe.

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6 0

1 year ago

During the planning process, if there is a gap between future desired sales and projected sales, corporate management will need

atroni [7]

Answer:

They are:

1) Intensive growth

2) Integrative growth

3) Diversification growth

Explanation:

1. Intensive growth:

This involves identifying further growth opportunities that are available within existing businesses. It identifies new customer groups for growth within current businesses, develop additional distribution channels or selling in new markets such as those in other countries. If this is insufficient the company may look into Integrative growth.

2. Integrative growth:

The second involves involves backward, forward, or horizontal integration. Horizontal integration involves buying smaller competitors.

Backward integration reaches into value chain to get suppliers. Forward involves buying distribution channels in the value chain closest to the customer. Integrative growth identifies opportunities to acquire businesses that are in relation to current businesses.

3. Diversification:

Diversification growth is to identify opportunities so as to add attractive unrelated businesses

8 0

3 years ago

In terms of microeconomic analysis, what is the function of utils?.

Tems11 [23]

Answer: Utility function measures consumers' preferences for bundles of goods or services.

5 0

2 years ago

Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years af

Natasha2012 [34]

The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.

The amount of interest that Gertrude would pay is $2,908 to repay the total amount of the loan.

<h3>What is interest?</h3>

Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).

Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.

<u>Computation </u><u>of Interest:</u>

Given that,

Principal(P) = $5,550,

Interest Rate(i) = 6.8%,

$\text{i} = \dfrac{6.8}{12\times100}\\\\\text{i} =0.005667$

Number of monthly Installments(n)= 10×12 = 120.

Here, we apply the formula of E.M.I (Equated Monthly Installment):

$\text{E.M.I.}= \dfrac{P\times i\times (1+i)^n}{(1+i)^n-1}\\\\\\\text{E.M.I.}=\dfrac{\$5,500\times 0.005667\times (1+0.005667)^1^2^0}{(1+0.005667)^1^2^0-1}\\\\\\\text{E.M.I.}=\$63.29$

Here, the total installments of the loan are 120,

then the amount of total payment would be:

$120\times\$63.29= \$7,594$

Then, the amount of interest that is paid on the loan would be:

$\text{Amount -Principal}= \text{Interest}\\\\\$7,594.28-\$5,500= \$2,094.28\\\\\\\text{Interest}= \$2,094.28$

Therefore, the total amount of interest that Gertrude has to pay is $2,097.28.

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8 0

2 years ago

In information security, a framework or security model customized to an organization, including implementation details is known

Bas_tet [7]

<span>The answer is false. The answer must be an information security blueprint. This is the basis for the design, selection, and implementation of all security program elements. The blueprint specifies tasks and the order in which they are to be accomplished, just like an architect’s blueprint serves as the design template for a construction of a building. </span>

4 0

2 years ago

To develop needed​ information, marketing information systems utilize​ _________.

To develop needed information, marketing information systems utilize _________.