The huge industrial trusts developed in industries such as steel and oil because there was a lot of competition to make the most profit and to be the best factory. Oil was a huge cooperation because it fueled the trains. Smaller bothersome rival companies would join bigger ones to create a monopoly. Standard oil owned by Rockefeller was a vast power and the word trust came to be generally used to describe any large scale business combination. Steel became a large industry for the fact that it was a strong metal that built the trains and tall sky scrappers. Also steel was used to build the transcontinental rail roads The Bessemer process came about which was a method of making cheap steel. It made the economy a more cut throat environment of dog eat dog and became ruthless. The economy was about power and money and was very greedy. Immigrant workers were employed with very low wages and worked laboriously many hours a day. Their effect on the economy was to create large <span>monopolies, their effects were tremendous.</span>
There are different kinds of marketing strategy. Sales promotion is a type of strategy is being used by a car rental agency when it describes itself as the only rental company with a door-to-door service.
<h3>What is door-to-door
promotion?
</h3>
- Door-to-door is known as a type of technique that is often used for sales, marketing, advertising, etc. This boast the sales of a product or services such as cars.
Tis is when a person or persons walk from the door of one house to the door of another, so as to sell or advertise a product. In the case of the car company, they deliver at home for ease to their customer and drives sales upward.
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The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.
Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.
Cost of employees increases because the minimum wage rises
Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.
<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>
<h3>what is
Demand ?</h3>
- Demand refers to the consumer's desire to purchase a particular product or service.
- Market demand is the demand for a particular good in the market.
- Aggregate demand refers to the overall demand for goods and services in any economy.
- The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
- Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
- The Law of Demand is an economic principle that consumer demand for a commodity increases when prices fall and decreases when prices rise.
- The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.
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Answer: Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150
Explanation:
Depreciation is the decrease in fixed assets for use. At the end of each year the amount corresponding to the use of the assets is carried to accounting expenses, crediting the accumulated depreciation as a counterpart.
In this case it is only one month of depreciation, therefore if we know that annually the asset is going to depreciate US $ 1800, between twelve months it would be US $ 150, which would be due to expenses and credited to accumulated depreciation.
