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3 years ago

The utility created by making a product available at a location where customers wish to purchase it is called _________ utility

Business

1 answer:

Vaselesa [24]3 years ago

6 0

Place utility is created by making a product available at a location where customers wish to purchase it.

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________ consists of arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing p

Bogdan [553]

That is called "differentiation"

7 0

4 years ago

A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The

Veseljchak [2.6K]

Answer:

.A) $1, 920,000

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is the GDP of country using current year prices

Nominal GDP = current year price × quantity

(6000 × 320) = $1,920,000

I hope my answer helps you

3 0

4 years ago

Firms producing an identical product in a perfectly competitive market are producing at a quantity that maximizes profit. The cu

Wewaii [24]

Answer:

The correct answer is Profit.

Explanation:

According to the scenario, the given data are as follows:

Current market price = $4.50

Long run average cost = $3.50

As we know the following terms of the market, i.e

If market price is greater than the cost, than it will give profit
if market price is lower than the cost, than it will give loss.

Hence, from the above statement, as the firm is showing the greater market price and lower cost it will result is Profit to the firm.

6 0

4 years ago

During a downturn in the hotel industry, chip conley, founder of joie de vivre hospitality, dealt with the situation by not t

harkovskaia [24]

I believe the answer is: Strategy

Strategy reefers to planned decision that is used to achieve a certain goal. In the example above, the goal of the hotel is to survive the downturn.

Conley realized that front-employees are the most curical resources in such situation since they are basically the main people that directly handled the customers. So, he choose a strategy to improve their general welfare and sacrificing his own needs.

7 0

4 years ago

On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail method?

Misha Larkins [42]

Answer: The ending inventory is $43,500

Explanation:

Cost. Retail

$ $

Beginning inventory. 125,000 166,667

Add :Purchases 235,000 313,333

-------------------- -----------------------

Cost of good available for sale 360,000 480,000

Cost to retail ratio

360,000 ÷ 480,000

= 0.75

Cost. Retail

$ $

Cost of good available for sale 360,000 480,000

Less:Sales. 230,000 250,000

360,000. 172,500

187,500

-------------------- ----------------

(417,500) 58,000

Ending inventory × 0.75 (58,000 × 0.75) = 43,500

Cost to retail ratio.

Ending inventory. $43,500

3 0

4 years ago