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gregori [183]
3 years ago
10

________ are consumer products for which a consumer either has little awareness or interest until a need arises. these products

require a lot of advertising, personal selling, and other marketing efforts.
Business
1 answer:
BaLLatris [955]3 years ago
4 0

The correct answer is unsought products. This is known as the goods by which the consumers have no knowledge about or that these are the products that they doesn’t normally sink in their mind of choosing of buying than those that they normally buy and need.

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In some cases oligopolies can benefit society by:
nirvana33 [79]
Answer:

b) taking advantage of scale economies to produce at low average cost.
5 0
2 years ago
During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics
Arada [10]

The Industrial Revolution is well known in history. During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy because;

  • They produced goods and services due to high increases in production quantity and quality.

<h3>What is the role of management in the Industrial Revolution?</h3>

The Industrial Revolution is known to result in the advent of better and faster technology that helps firms to carry out task more efficiently.

It also help management to greatly increase their output.so as to meet demand of the people and increased production.

Learn more about Industrial Revolution from

brainly.com/question/13323062

5 0
2 years ago
Your supermarket is trying to determine how many meatloaf dinners should be produced on Monday. The Monday demand for meatloaf d
Alecsey [184]

Answer:

The recommended production quantity is that which maximizes profit.

<em>Quantity 130</em>

<em />

Explanation:

Quantity to produce is the problem here. Remember that this is one of the fundamental questions in the discipline of Economics.

- What to produce?     - For whom to produce?

- How to produce?      - In what quantity?

Possible Production Quantities:

100,  110,  120, and 130

Mean Demand = 100

Standard Deviation = 20

Lowest possible demand = 100 - 20 = 80units

Highest possible demand = 100 + 20 = 120units

<u>* Solve, using the mean demand for each quantity level. Assume also that on every Monday, the minimum possible quantity is what is purchased. That's the safest assumption anyway.</u>

<u />

FOR QUANTITY 100,

Revenue = 7×100 = $700      Direct cost = 2×100 = $200

Indirect cost = 0.6×20 = $12          Total cost = 200 + 12 = $212

PROFIT = 700 - 212 = $488

FOR QUANTITY 110,

Revenue = 7×110 = $770        Direct cost = 2×110 = $220

Indirect cost = 0.6×30 = $18           Total cost = 220 + 18 = $238

PROFIT = 770 - 238 = $532

FOR QUANTITY 120,

Revenue = 7×120 = $840        Direct cost = 2×120 = $240

Indirect cost = 0.6×40 = $24           Total cost = $264

PROFIT = 840 - 264 = $576

FOR QUANTITY 130,

Revenue = 7×130 = $910          Direct cost = 2×130 = $260

Indirect cost = 0.6×50 = $30            Total cost = $290

PROFIT = 910 - 290 = $620

<em>Remember, the base assumption is that only the minimum quantity of 80units is bought each Monday. This is the only way to account for wastage; which costs 0.6 dollar per unit. So, the more the quantity produced, the greater the likelihood of wastage.</em>

3 0
3 years ago
why might a mutual fund be a better investment than individual stock and bonds a mutual fund guarantees dividends be stocks are
borishaifa [10]

Answer:

The correct answer would be option C, The risk is diversified with a mutual Fund.

Explanation:

Mutual funds is a pool of funds from different people. This pool of fund is invested in different securities. These securities can be stocks, bonds, treasury bills, etc. In this way the risk is diversified. When you invest money with the money of other people, the pool of money or funds will minimize the risk associated with investing a single person's money in any security. Secondly, the mutual funds are managed by professionals who are expert in the field of managing funds. They better know when and how much funds to liquidate and at what time.

7 0
3 years ago
McLeod Inc. is considering an investment that has an expected return of 8% and a standard deviation of 10%. What is the investme
Rudik [331]

Answer:

the investment's coefficient of variation is 1.25.

Explanation:

The  coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :

<em>Coefficient of Variation = Standard Deviation ÷ Return</em>

Therefore,

Coefficient of Variation = 10 ÷ 8

                                       = 1.25

7 0
3 years ago
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