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Allisa [31]
3 years ago
10

Comfort Corners Home Furnishings uses labor and machinery to transform wood, plastic, metal, and cloth into comfortable chairs,

sofas, and love seats for the home. This process creates______________.
a. use facility.
b. form utility.
c. intangible productivity.
d. place utility.
Business
2 answers:
Crank3 years ago
6 0

Answer:

b) form utility.

Explanation:

Utility can be defined as the satisfaction a consumer derives from using a particular good or service. There are  different types of utilities and they include: Form utility, time utility, place utility, possession utility, and task utility.

Form utility is the satisfaction derived from the use of finished products, rather than their raw forms. Many firms try to convert the raw forms of products to a useful form that will be readily acceptable to the consumer. Examples the use of wood to make furniture.

Alinara [238K]3 years ago
3 0

Answer:

Form Utility.

Explanation:

This is the process of designing a product to target a specific client's needs or wants. Customers' desires are incorporated into the features and benefits the products offer to customers. As in the above company. Various designs of furniture have been designed to appeal to customers needs and wants in home furnishing.furnishings.

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With ________ products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
MatroZZZ [7]

With prestige goods and services, a higher price may, but not always, result in a higher sales volume.

<h3>What do economists mean by prestige goods?</h3>

Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.

<h3>Why is the demand curve for prestige items different?</h3>

Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.

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8 0
1 year ago
Wildhorse Co. entered into these transactions during May 2017, its first month of operations.
Alina [70]

Answer:

attached answer

Explanation:

equity represnet investment from owners and the accumulation of the result from the company operations.

1) equity increase the company receive an investment from owner

3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm

4-5-9) the company's equity increase as income is generated from the main activity.

2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease

We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.

3 0
3 years ago
What should you enter in a cell to find the difference between 9 and 5?
sashaice [31]

= (9-5)

When you hit enter, it will give you the value of 4.

4 0
2 years ago
Read 2 more answers
Henry wants to send his son to computer school which will start one year from today. Payments of $2,000 are due at the end of ea
egoroff_w [7]

Answer:

Henry shall invest $3,018 at present to get $2,000 at each year end for 2 years.

Explanation:

Provided interest rate = 12%

Payment to be made is at the end of year 2 and at the end of year 3

Because it is provided that the payment has to be made at the end of next two years,

Therefore,

Present value interest factor (PVIF) @ 12% for second and third year will be considered.

As today we are at beginning of year 1

First payment will be made at end of next year that is year 2

Second payment at end of third year that is year 3

PVIF

Year 2 = \frac{1}{(1+0.12)^2} = 0.797 \times 2,000 = $1,594

Year 3 = \frac{1}{(1+0.12)^3} = 0.712 \times 2,000 = $1,424

Present value of investment = $1,594 + $1,424 = $3,018

Final Answer

Henry shall invest $3,018 at present to get $2,000 at each year end for 2 years.

8 0
3 years ago
(Advanced analysis) The accompanying equations are for a mixed open economy. The letters Y, Ca, Ig, Xn, G, and T stand for GDP,
spayn [35]

Answer:

Equilibrium GDP = C+ I+ G+ X

Where:             Y = GDP

                        C = Ca = a+bYd

                         I  = Ig

                        G = G

                        X =  Xn

                     Yd  = Y-T

                        T =  0.2Y

                       Y  =  C+ I+ G+ X

                       Y  = a + bYd + I +G + X

                       Y  = a + b(Y-T) + I +G + X

                       Y  = a + bY - bT + I +G + X

                       Y  = a + by - b(0.2Y) + I +G + X

                       Y  = a + bY - 0.2Yb + I +G + X

                       Y  =  a + 0.8Yb + I +G + X

         Y - 0.8Yb  =  a + I +G + X

         Y(1 - 0.8b) =  a + I +G + X

                        Y = (a + I +G + X)/(1 - 0.8b)

That is the equilibrium GDP is Y = (a + I +G + X)/(1 - 0.8b)

Explanation:

Equilibrium GDP is also called equilibrium level of national income. This is the condition that must prevail for planned expenditure to exactly equals planned income or output in an economy. this is represented by the general equation of Y  =  C+ I+ G+ X-M but for the purpose of this question M which represent import was not introduced.

The consumption function of C = Ca = a+bYd is a Keynesian consumption function, it shows aggregate planned expenditure by household

Ig represents investment expenditure of the firm

Xn represents export while

G represents government expenditure on goods and services

T represents tax which varies with income level

3 0
2 years ago
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