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3 years ago

A__________produces finished-goods inventory in advance of customer demand using a forecast of sales.

Business

1 answer:

Korolek [52]3 years ago

5 0

Answer:

Push system.

Explanation:

A push system produces finished-goods inventory in advance of customer demand using a forecast of sales and as such it is categorized as a make to stock because the production of goods are not based on actual demand by the consumers.

Under a push system, manufacturing is strictly based on a projected production plan and the flow of information between the manufacturer and the market is in the same direction with those of raw materials used.

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The demand and marginal revenue for a perfectly competitive firm are______, whereas the demand and marginal revenue for monopoli

exis [7]

The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward

<h3>What is meant by marginal revenue?</h3>

The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.

An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.

Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.

To learn more about marginal revenue refer to:

brainly.com/question/13444663

#SPJ4

8 0

2 years ago

The Central Hydraulic Supply Company is a distributor of hydraulic supplies in the Midwest. Central handles standard fittings, t

Sidana [21]

Answer:

Check the explanation

Explanation:

The Economic Order Quantity EOQ= SQRT(2*D*Co/Ch),

Where Square root, SQRT, D is the annual demand , Co Cost of order and Ch is the cost of holding

Here annual Demand D =20500

Cost of order Co = 50 $

Cost of holding Ch= 20% of Cost of purchasing = 20%*$14 = $2.8

EOQ = SQRT(2*20500*50/2.8) = SQRT(732142.85) = 855 Units

Minimum TAC can be calculated in two ways

1) With Formula , Minimum TAC = SQRT(2*D*Co*Ch) = $2395.83

2) Without Formula , I.e Cost of Oreder+ Cost of Holding

=(20500/855)*$50 + (855/2)*$2.8 = 2395.83

Where 20500/855 is the number of orders, and 855/2 is the average stock

B) If 500 units purchased at a time

Then Number of orders = 20500/500 = 41 orders in year

Total cost ordering = 41*$50 = $2050

Inventory holding cost = Average inventory * holding cost =

= 500/2*$2.8 = 700

the Total/overall annual cost inventory = $2050+$700 = $2750

3 0

3 years ago

An FHA-insured loan in the amount of $157,500 at 5.5% for 30 years closed on July 17. The first monthly payment is due on Septem

uranmaximum [27]

Answer:

the amount of the interest adjustment is $336.875

Explanation:

The computation of the amount of the interest adjustment is as follows;

= Principal × rate of interest × number of days ÷ total number of days

= $157,500 × 5.5% × 14 days ÷ 360 days

= $336.875

Hence, the amount of the interest adjustment is $336.875

Therefore the given formula is applied

6 0

3 years ago

How does advertising influence the job roles in a purchasing department and business buying decisions?

DIA [1.3K]

The company's objectives, purchasing policies and resources can influence the buying process. ... Four main influences impact the business buying decision process: ... from marketing or other functionaldepartments, must pay close attention to ... Individual factors including age, education level, personality,job tenure, and ...

3 0

3 years ago

The owners of Tyrell's Tattoo Shop are interested in determining the nature of the relationship between their clients' professio

netineya [11]

Answer:

The owners of Tyrell's Tattoo Shop are interested in determining the nature of the relationship between their clients' professional occupation and the number of tattoos that individuals have. In this case, which research will result into a descriptive research to explain the nature of this relationship?

Explanation:

Descriptive research seeks to describe or explain some phenomenon, which often involves something going on in the marketplace and may also include the following issues:

(1) Recognizing the characteristics of the target market.

(2) Assessing the actions of competitors in the marketplace.

(3) Determining how customers use the product.

(4) Discovering differences across demographic characteristics (age, education, income) with respect to the use of the product or the competitors’ product.

8 0

3 years ago