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Andreas93 [3]
3 years ago
8

Jose runs a gallery which specializes in neon art with an emphasis on vacation icons like flamingos, dolphins, and palm trees. S

ince demand was high and supplies were low, he decided to buy an old warehouse and then hire craftspeople to work there in order to produce the art. He would provide them with all of the supplies they needed, and he would be their only customer.
a) Jose engaged in _________.
Business
2 answers:
Gala2k [10]3 years ago
8 0

Options: a. Vertical integration b. Horizontal integration

Answer: A. Vertical integration

Explanation: Vertical integration is a concept in management which allows the company to manage the flow of resources both in and out. In vertical integration the company controls every other aspects such as Supply of materials,Supply chain, distribution etc Vertical integration will help the company to control its affairs,save cost of operations, help to improve quality and guarantee timelines in delivery of orders.

Kaylis [27]3 years ago
8 0

Answer:

The correct answer is letter "E": vertical integration.

Explanation:

When an individual or company buys or manages other businesses across its supply chain, vertical integration takes place. Vertical integration could be <em>backward </em>and <em>forward</em>. In backward vertical integration, a supplier owns businesses that provide inputs for production processes for companies. In forward vertical integration, a company owns another business to get the supply chain closer to the end-consumer.

Thus, <em>Jose's business is an example of backward vertical integration.</em>

You might be interested in
Question Number 3) Antonio, a mid-level manager at ABC Manufacturing, is negotiating supplier agreements with a Chinese firm in
Phoenix [80]

Answer: a. ethnocentric

Explanation:

Ethnocentric orientation refers to the use of one's own culture as the yardstick by which to measure and relate to other cultures.

An ethnocentric person would relate to people from other cultures the same way they relate to people from their culture because they believe the way their culture does things is the best way.

Antonio is negotiating deals with the Chinese firm the same way he would negotiate with his fellow Americans . This means that Antonio is adopting an Ethnocentric approach.

4 0
2 years ago
Will Mark BRAINLIEST
svet-max [94.6K]

you said to use images and words so here you go your teacher should be impressed

get dababied

5 0
3 years ago
1.2 Which of the following is not a nominal account?
bonufazy [111]

Answer:

i can say is capital

Explanation:

8 0
2 years ago
Assume for a perfectly competitive firm, the market price of one box of tissues is $2. What is the marginal revenue when sales i
trapecia [35]

Answer:

The marginal revenue = $2

Explanation:

Firstly we calculate the value in dollars for the number of boxes sold

For 100 boxes, we have 100 * 2 = $200

For 200 boxes, we have 200 * 2 = $400

Mathematically, the marginal revenue = (cost of 200 boxes- cost of 100 boxes)/difference in quantity

= (400-200)/(200-100) = 200/100 = $2

Thus affirms the fact that for a perfectly competitive firm, marginal revenue MR = P (price)

8 0
3 years ago
When the elasticity of demand for a product is __________ the elasticity of supply, consumers pay __________ of the tax on the p
mezya [45]

When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

The way the tax burden is distributed between purchasers and sellers is known as the tax incidence.

The relative price elasticity of supply and demand determines the tax incidence.

Usually, both the producers and the consumers of the taxed goods bear the incidence, or burden, of the tax.

But all we have to do is look at the elasticity of demand and supply to determine which group will be carrying the bulk of the load.

The majority of the tax burden falls on consumers when supply is more elastic than demand.

The majority of the tax burden falls on the producers when demand is more elastic than supply.

The less elastic the demand and supply are, the higher the tax revenue.

Hence, When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

Learn more about elasticity of demand:

brainly.com/question/24961010

#SPJ1

6 0
1 year ago
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