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3 years ago

Innovative is a characteristic of which market structure

1 answer:

8 0

Innovative is a characteristic of the OLIGOPOLY MARKET STRUCTURE. Oligopoly market structure is one that is characterized by a small number of large firms that dominate the market and which sell products that are either similar or different. There is a high barrier to entry into the market. Oligopolist industries are very innovative; they used their innovations to promote technological advancement and economic growth.

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Which of the following types of venue is favored by small-business retailers?

kondor19780726 [428]

The type of venue that small-business retailers favor is C.SPECIALTY SHOP.

Being in a specialty shop, your products will be prominently displayed and competition is minimal compared to other given venues.

Customers, looking for specific items that you can offer, usually prefer going directly to the shops instead of wasting time looking around those bigger venues searching for items they need.

8 0

3 years ago

School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school sy

Blababa [14]

Answer:

Production Budget ( July August September) 5200, 6300, 9000

Sales Budget ( July August September) $ 300,000 $ 360,000 $ 450,000

Direct Materials Budget ( July August September) $ 31860 $ 39,420 $ 48,600

Direct Materials Units Budget ( July August September) 53,100 65,700 81,000

Direct Labor Budget ( July August September) $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget ( July August September)7800 9450 13500

Explanation:

The formula used are

1) Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

2) Sales Budget= Sales * Price Per unit

3) Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

4) Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

School Days Furniture, Inc.

Production Budget

July August September

Sales 5000 6000 7500

+ Desired

Ending Inventory 1200 1500 ------(assuming zero inv)

Less Opening

Inventory 1000 1200 1500

Production Budget 5200 6300 9000 

Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

School Days Furniture, Inc.

Sales Budget

July August September

Sales 5000 6000 7500

Price Per unit $ 60 $60 $ 60

Sales Budget $ 300,000 $ 360,000 $ 450,000 

Sales Budget= Sales * Price Per unit

School Days Furniture, Inc.

Raw Materials Budget

July August September

Production Budget 5200 6300 9000

+ Desired

Ending Inventory 630 900 ------(assuming zero inv)

Less Opening

Inventory 520 630 900

Materials Requiremnt 5310 6570 8100 

Board (feet) 10 10 10

Direct Materials 53,100 65,700 81,000

Plank Costs 0.60 0.60 0.60

Direct Materials $ 31860 $ 39,420 $ 48,600 

Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

School Days Furniture, Inc.

Direct Labor Budget

July August September

Production Budget 5200 6300 9000

Direct Labor hours 1.5 1.5 1.5

Direct Labor Hours 7800 9450 13500

Wages Per hour $ 21 $ 21 $21

Direct Labor Budget $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

4 0

3 years ago

Broker jill has an agreement with seller alice that says jill will receive compensation if anyone except alice sells alice’s hom

Nataly [62]

This kind of agreement is called EXCLUSIVE AGENCY.
Exclusive agency is a contractual agreement under which the listing broker acts as an agent and the owner agree to pay a commission to him if the property is sold through the effort of any person with the exception of the owner of the property.

5 0

3 years ago

If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, a

Sophie [7]

Answer:

The statement is true

Explanation:

Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.

Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.

6 0

3 years ago

Elaine is upset with her group members because she wanted to lead the group but is not allowed to. She found that other group me

AnnyKZ [126]

Using Tuckman’s stages of group development, we know that Elaine’s group is going through a stage called storming.

In this stage of group development, aside from having difficulties in adjusting to their roles, Elaine’s group and group members would also experience disagreements regarding priorities, tensions between one another, hostility with each other, and there would also be cliques forming inside the group.

7 0

3 years ago