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ycow [4]
3 years ago
5

The maximum distance people are willing to travel for a service is

Business
1 answer:
ladessa [460]3 years ago
6 0

Answer:

Range

Explanation:

Range is the term which is used to describe the maximum distance which the consumers or customers are prepared or willing to travel in order to acquire the goods or to use a service.

It is because at some point, the expense or the inconvenience which will outweigh the requirement of the good.

And there are two types of range, one is small rage and other is large range.

Small range is the range which the people are willing to go only a distance which is short for the everyday consumers services like the pharmacies, grocery. While the large range is the range which will people travel the longer distances for the other services like ball game.

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Question 5<br><br> Industry is the supply side of the market.<br><br> A)True<br><br> B)False
Afina-wow [57]

Answer:

A) True

Explanation:

A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market.

6 0
4 years ago
The development cost of a project X is $150,000. The operating costs for year 1, 2 and 3 respectively are $5000, $6000, and $ 70
Sati [7]

Answer:

NPV= $31,808.91

Explanation:

Giving the following information:

Io= -$150,000.

The operating costs:

Year 1= $5,000

Year 2= $6,000

Year 3= $7,000

The benefits:

Year 1= $80,000

Year 2= $90,000

Year 3= $70,000

To calculate the Net Present Value (NPV) we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

Io= -150,000

Cf1= 80,000 - 5,000= 75,000/1.04= $72,115.39

Cf2= 90,000 - 6,000= 84,000/1.04^2=$77,662.72

Cf3= 70,000 - 7,000= 63,000/1.04^3= $56,006.77

NPV= $31,808.91

5 0
3 years ago
The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross pro
k0ka [10]

Answer:

TRUE

Explanation:

The gross profit is the difference betwenethe sales revenue and the cost of good sold/manufactured

for retail companys they determinate the cost using a given inventory method like FIFO LIFO or weighted average.

Manufacturing companies will subtract from the sales revenue the cost of good manufactured which can be determinated in various ways like process, order, absorption or ABC

7 0
3 years ago
Select the correct answer.
scZoUnD [109]
B i hope it work tho
5 0
3 years ago
The "too big to fail" policy of the Fed, whereby some banks are bailed out if they are in danger of failing because they are too
Jlenok [28]

Answer:

c.Moral hazard

Explanation:

Moral hazard can occur when banks take on excessive risk more than they would normally take on because they know they would be bailed out if they fail.

I hope my answer helps you

5 0
3 years ago
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