Business market managers be adept at analyzing understanding working relationships & business network because they want to promote and improve the production.
<h3>What is Business?</h3>
Business refers to the activity carried out by the individual or the group of the people in order to produce goods and services for generating the profits.
The Business Market manager helps to promote the business and the improve the production ability in the employees by maintaining the good relationship with them.
There main goal is to develop the business network by connecting with the customers. They builds more customers by maintaining the old customers and building the new potential customers.
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Answer:
It will increase
Explanation:
This is due to the "law of supply". It says that whenever the prices increase, the supply will increase, because if the prices are higher, they can win more money as they sell their goods (cars in this case) and this encourages the supply to produce more and place more quantity into the market.
In other words, just follow one of the basic laws in economics, the law of supply, which says "whenever the prices rise, the quantity supplied will also rise, ceteris paribus". By the way, ceteris paribus is latin for "all other things equal" and it means that all other factors remain unchanged (the same).
Answer:
30005
Explanation:
Total Revenue equals price multiple to the quantity produced.
Total Profit= Total Revenue -Total Cost= P*Q- (Variable costs +Fixed Costs)
If we considered TR=P*Q,
in the first period it will be: TR=P*Q=6000*5=30000
in the second period it will be= TR=P*Q= 6001*5=30005
Answer:Indirect Expenses
Explanation: Indirect Expenses are those expenses which are not directly related to the product manufactured or service rendered by a company but are generally incurred in the operating and running of a business and cannot be traced to a particular department because the benefits are enjoyed collectively-The reason why its expenses are usually shared among departments or sectors.
Examples of indirect expenses include Rent, salaries to employees, legal charges, insurance of building, depreciation, printing charges, office expenses, telephone bills, advertising, marketing, stationery etc.
Answer:
7,953.57 units
Explanation:
Given that
Total number of days in a year = 360 days
Daily demand = 500 units
Standard deviation of daily demand = 100 units
Interval of order = 10 days
Lead time = 9 days
Service level = 98% its z value = 2.05
On hand inventory = 2,800
Based on the above information, the order quantity is
= Daily demand × (interval of order + lead time) + {z value × sqrt (Interval of order + lead time) × standard deviation units} - on hand inventory
= 500 units × (10 days + 9 days) + {2.05 × √19 × 100 units} - 2,800 units
= 9,500 units + 893.57 units - 2,800 units
= 7,953.57 units
We simply applied the above formula
