Answer:
The answer is: B) Time utility
Explanation:
Time utility refers to the business practice of making products or services available during the times that they are most convenient or desirable for customers.
For example, stores are decorated differently for Halloween than for Christmas, and the products they sell are also different.
Answer:
From the historical references, we can say that the two leading command economies of the world, China and the Soviet Union both made the transition to the mixed economy.
Explanation:
A command economy refers to the economic system where all significant facets of the economy and economic production are controlled by the Government. In the command economy, it is the government that makes the decision of what to produce, how to produce, and how to distribute the manufactured products and services within the economy. It establishes a very dominant government which restricts the rights of its citizen to seek economic goals. It inevitably creates an environment in which governments will expand their influence over certain aspects of human life. Most command economies, including the Soviet Union, started making the transition to a mixed economy from the 1980s onward. This entailed a privatization process and price deregulation.
The physical work effort by an employee at work is called physical labor
Answer:
Increase in net Operating income = $14,600
Explanation:
Sales
i. 8000 units X $220
=$1,760,000
ii. 8200 units X $220
=$1,804,000
Variables expenses
i. 8000 units X $66 = $528,000
ii8200 units X $72 = $631,400
Contribution margin
CM=Sales -Variables expenses
i. 1,760,000 - 528,000=
$1,232,000
ii. 1,804,000 - 631,400
=$1,172,000
Our Fixed expenses are
i. $991,000
ii. $917,000
Therefore Net operating income = Contribution margin - Fixed expenses
i. 1,232,000 - 991,000
=$241,000
ii. 1,172,600 - 917,000
=$255,600
From the answers above, there is an increase of $14,600 as a difference between $241,000 and $255,600 which are the Net Operating income.