Answer:
(A) Variable cost
(C) Gross margin
D) Contribution margin
Explanation:
mathematically:
Gross Margin = Sales – cost of goods sold
for constant cost of good sold, an increase in sales alternately increases the gross margin.
and
Contribution Margin = Sales – Variable costs
as sales increase, the variable cost has to increase so as well the contribution margin has to increase.
Market research helps business understand the variables in a given market. Once the variables are understood the business can decide if and how it should enter the market. Examples could include the number and types of customers as well as competitors.
In the Labor Market, households work and receive payment from firms.
<u>Explanation:</u>
The skills of the people will be exchanged with the employers for the salaries or wages and this is called as labor market. Any people who is in need of any platform to show their skills and the organisation that is in need of labor are the main elements of the labor system.
The important source of producing any type of goods is labor. It is the labor market that decides the compensation that is to be made to these labors. Thus, in the labor market, the households work and they will receive compensation from the firm for which they work.
Answer:
Government intervention in the economy.
Explanation:
The government in some cases take actions that affect the economy to have an impact and address inefficiencies. In this case, the intervention takes the form of a regulation that establishes a lobster fishing season in the state of Florida. Because of that, the answer is that this is an example of government intervention in the economy.
Answer:
C. contract with contingencies
Explanation:
Real estate contracts that contain contingencies or provisions that must be met before the real estate contract can be fulfilled are called contracts with contingencies. If this contingencies or provisions are not fully satisfied, the contact is null or void, e.g. the buyer will only proceed with the operation if the house passes the inspection.
