Competitors and supply chain is an element of economic forces.
<h3>What are economic forces?</h3>
Economic forces are those factors that assist a firm in terms of its competitiveness in the environment it operates.
Here, economic forces have a direct impact on business and are essential factors that can help an organization in accomplishing its targets.
Learn more about economic forces here: brainly.com/question/13721949
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Answer:
D. Price will rise, quantity purchased will fall, and gross revenues will fall.
Explanation:
It will lead to a higher price of the good as the management has to take into consideration the amount to wages to be paid to the workers, thus increasing the price of the goods. This will result to a lower demand at a higher price because the price increases and competitions will take advantage of the situation and that will also reduce the revenue of the firm.
Answer:
$1.05
Explanation:
Mean is 40 quartz per day
standard deviation is 6 quartz per day
Optimal orders = mean demand + Standard deviation
Optimal order = 40 + 6
= 46 quartz per day
$0.35 * 2.84 * 49 / 46
= $1.05
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Answer: The supply of beef would increase, decreasing beef prices.
Explanation: if there is a decrease in the price of the feed grains used to feed cattle, it would leads to an increase in the supply of beef in the market and consequently decrease the price of beef in the market. It would result to an increase in the supply of beef because the cattle rearers would have enough feeds for the cattle which will make them grow faster.
