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3 years ago

Public goods represent a market failure because

1 answer:

7 0

Public goods are available everywhere and are both non-excludable and non-rivalrous
They represent a market failure because by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
Public goods are nonrival in consumption and their benefits are nonexcludable

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What is the first step to build a house of quality? A. Relate customer wants to product hows. B. Determine the desirable techni

prohojiy [21]

Answer:

The correct answer is C. Identify customer wants.

Explanation:

Despite the fact that the architects, due to their experience, can provide alternatives based on factors such as location, size, type of house, etc., the client's requirements play a very important role since, prior to this, they have designed in their minds what they would like to have. in your new house. The architects serve as support to give a professional touch to the property, but taking into account the requirements of the person it is possible to adjust certain aspects to offer the best possible experience when the construction is finished.

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3 years ago

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Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the com

jekas [21]

Answer and Explanation:

The preparation of the answer sheet is presented below;

Product Costs

Cost Item Direct Direct Manufacturing Period

Materials Labor Overhead Costs

Rent on factory

equipment $11,500

Insurance

on factory building $1,780

Raw materials $80,800

Utility costs for factory $920

Supplies for general office $320

Wages for

assembly line workers $59,700

Depreciation on office equipment $830

Miscellaneous materials $1,470

Factory manager’s salary $6,200

Property taxes on factory building $420

Advertising for helmets $14,900

Sales commissions $10,900

Depreciation on factory building $1,640

Total $80,800 $59,700 $23,930 $26,950

Now cost to produce one helmet is

= Total cost to produced ÷ number of helmets produced

= ($80,800 + $59,700 + $23,930) ÷ (10,000)

= ($164,430) ÷ (10,000)

= $16.44

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3 years ago

A blue ocean type of offensive strategy: Select one: a. Refers to initiatives by a market leader to steal customers away from un

frez [133]

Answer: A blue ocean type of offensive strategy involves abandoning efforts to beat competitors in existing markets but instead invest a new market segment or industry whereby existing competitors are irrelevant and one which allows a company to create and capture nee demand (Option C)

Explanation:

Blue ocean strategy is the pursuit of differentiation and low cost by firms in order to create a new market space and demand. Blue ocean strategy is about the creation and making use of uncontested market space, which therefore makes competition irrelevant.

Blue ocean strategy are used for industries that are not in existence today, industries that tap the unknown market space and are untainted by competition. The blue oceans gives room for growth as demand is created and not fought for. A blue ocean strategy describes the wider potential and benefits to be enjoyed when an unexplored market is explore.

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3 years ago

Read 2 more answers

Suppose you want to establish a business .describe how you would use any five entrepreneur qualities to make sure that your busi

masha68 [24]

First, is that I will never forget about my passion for the line of work that I am in. Passion means pursuing your dream despite setbacks.

Second, is that I will make sure that I will be open to new ideas and perspectives. I have to keep my mind open, especially to change. There are many things that I do not know, and if I want to be successful, I will not pretend that I know everything. Being open-minded will help my business thrive.

Third, I will always strive to learn about my line of work. This coincides with my second quality.

Fourth, I will make sure that I am always two steps ahead of my game. While having direction is great, it is best to keep my feet up and know what to expect. This will ensure that I will encounter as little problem as possible.

Lastly, I will never stop innovating. Innovating does not just mean that I should have great ideas; innovating means making my great ideas even greater! By learning how to do so, it will make sure that my business will not get left behind.

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3 years ago

Management assertions about classes of transactions are a. Occurrence. b. Completeness. c. Authorization. d. Accuracy. e. Cutoff

DaniilM [7]

Answer:

Misstatement is referred to as errors in the presentation of financial information that could lead to wrong decision by the users

Explanation:

Occurrence : Issuing of dummy invoices for sales that did not occur

Completeness: Sales invoice were not fully recorded due to omission or misplacement

Authorization: Sales are not approved by the responsible manager. No authorized signature

Accuracy : Casting of sales figure on the register is not correct.

Cutoff : Sales are not recorded in the proper accounting period. January sales being recorded in the previous year account.

Classification : Grants being wrongly recorded as revenue

Presentation : Exaggerated revenue.

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3 years ago