The correct answer is creative.
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Answer: D) economies of scale.
Explanation:
Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.
Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.
If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive, you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.
We are given the skills of each worker:
Sasha is very good at producing computer-generated graphics
Maurice is skilled at designing logos with pen and paper
To address the immediate problem, Hector's action should be to assign Maurice to do the design in a paper then pass it to Sasha for generating it on the computer. It could also be that if a client requests a paper design, Maurice does it and for computer-generated designs, Sasha will do it.
The corrective action that he should do is let Sasha and Maurice attend trainings for their weaknesses. <span />
Answer:
Total purchase value (Cost basis) = $105,770
Explanation:
Given:
Appraisal value = $132,970
Offer price = $154,091
Cash amount = $30,971
Notes payable = $22,282
Mortgage amount = $52,517
Find:
Total purchase value (Cost basis)
Computation:
Total purchase value (Cost basis) = Cash + Notes payable + Mortgage amount
Total purchase value (Cost basis) = $30,971 + $22,282 + $52,517
Total purchase value (Cost basis) = $105,770
