All categories

3 years ago

When both producers and consumers experience a surplus, the market is demonstrating efficiency?

Business

1 answer:

Tcecarenko [31]3 years ago

4 0

If both consumers and producers are experiencing a surplus the market is efficient

You might be interested in

Many companies in the sharing economy have successfully taken their business to foreign markets as well. What challenges do you

irinina [24]

Some challenges for these companies as they expand into foreign markets are foreign policy, cultural differences and language barriers.

<h3>What is an effective internationalization strategy like?</h3>

It is one in which organizations develop a plan in line with their needs and the market to which they want to expand their business. For this, it is important to adapt products, services and communication to the local culture, to be a brand accepted by consumers and well positioned in the market.

Therefore, the international expansion of an organization can be positive and profitable when there is a strategy aligned with the needs of the local market.

Find out more about internationalization strategy here:

brainly.com/question/15234375

#SPJ1

6 0

2 years ago

Read 2 more answers

_______________ is the amount of money left over after paying all of the business expenses. (Select the best answer.) RevenueGro

kari74 [83]

Answer:

Net profit

Explanation:

Net profit is the monetary reward business people get for engaging in business. Profits calculation is only possible after establishing all the revenues and expenses of a business.

Revenues are all the business income from its activities, while expenses are the costs incurred in business operations. When revenues exceed expenses, a business will realize profits.

3 0

2 years ago

Labor unions want _____ wages for employees, but producers could earn more profits by offering _____ wages.

andrew-mc [135]

Labor unions want higher wages for employees, but producers can earn more profits by offering lower wages.

4 0

3 years ago

Read 2 more answers

A firm uses exponential smoothing method to forecast demand. In period 10, the forecast was 90 and the actual demand was 100. If

drek231 [11]

Answer:

c. 99

Explanation:

Calculation to determine the forecast for period 11

Using this formula

Forecast for period 11=Forecast *Smoothing constant*Period 11 Forecast

Let plug in the formula

Forecast for period 11=90*.10*11

Forecast for period 11=99

Therefore the forecast for period 11 is 99

8 0

3 years ago

Prepare a direct materials purchasing plan for January, February, and March, based on the following facts. Lana Gonzales owns a

larisa [96]

Answer:

January cost $702,200

February cost $812,200

March cost $950,400

Total Purchase cost

Particulars January February March

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

$ 702,200.00 $ 812,200.00 $ 950,400.00

Explanation:

R.M budget - blades

Particulars January February March April

Planned production 11000 13000 16000 12000

Blades req. per unit 4 4 4 4

Material req. for prod. 44000 52000 64000 48000

Add: Desired ending inventory 20800 25600 19200 0

Less: Beginning inventory 13000 20800 25600

Net units of blades req. 51800 56800 57600

Cost per blade $ 4.00 $ 4.00 $ 4.00

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

R.M budget - motor

Particulars January February March April

Planned production 11000 13000 16000 12000

Motor req. per unit 1 1 1 1

Material req. for prod. 11000 13000 16000 12000

Cost per motor $ 45.00 $ 45.00 $ 45.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

6 0

3 years ago