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3 years ago

Explain the chain of cause and effect reactions since the mid-1990s that led to lower book prices for American consumers.

1 answer:

3 0

Answer:
The free enterprise system created many smaller booksellers who competed with the giant booksellers such as Borders and Barnes & Noble.
Competiton from smaller booksellers in the mid-1990s is the cause that created an effect.

To remain competitive and profitable, the giant booksellers used their purchasing power to buy books in large volumes. Doing so enabled them to enjoy huge discounts and to pass on the savings to the customer.
The effect was to lower book prices for American consumers.

To summarize, competition in a free-enterprise system is the cause, and the lowering of book prices is the effect.

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3 years ago

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3 years ago

If staff salaries were $44,000/month last year, and the yearly cost increase from last year to this year $108,000, what is the m

andre [41]

Answer:

The monthly labor cost this year=$53,000

Explanation:

Step 1: Determine yearly cost of labor last year

T=C×N

where;

T=total cost of labor last year

C=labor cost per month

N=number of months in a year

In our case;

T=unknown, to be determined

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N=12 months

Replacing;

T=(44,000×12)=$528,000

Step 2: Determine yearly cost of labor this year

This years cost of labor can be expressed as;

Y=T+I

where;

Y=this year's labor cost

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I=the increase in cost from last year to this year

In our case;

Y=unknown to be determined

T=$528,000

I=$108,000

Replacing;

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Step 3: Determine monthly cost of labor for this year

Monthly labor cost this year=this years labor cost/number of months in a year

where;

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3 years ago

During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll

Murrr4er [49]

Answer:

Net Sales $2720

Explanation:

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3 years ago