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Yuki888 [10]
3 years ago
14

A firm run by a rational entrepreneur would want to hold inventories. True False

Business
1 answer:
RUDIKE [14]3 years ago
4 0
True
Because having inventories would mean the following:
1. Holding Inventory avoids loss of sales
2. Holding Inventory gains quantity discount
3. Holding Inventory reduces order cost 4. Achieve efficient production runs by holding inventory
5. Holding Inventory reduces risk of production shortages
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What is the difference between patronizing your favorite store and patronizing your little brother?
Ugo [173]
Patronizing a store means helping it buy going there often, and basically buying things often and consequently giving it money.. 

Patronizing a little brother means behaving condescendingly towards, a kind of master-slave relationship... One should never do that... 


3 0
3 years ago
Read 2 more answers
A mission statement should include the following​ components: A. ​Customers, products/services,​ markets, and competitors B. ​Su
ivanzaharov [21]

Answer:

The correct answer is (a)

Explanation:

A mission statement is an important factor which helps a company to attract customers and show them why their company is different and competitive. A mission statement should include a description of product and services, and it should depict the importance of customers. It should also include little information regarding the competitors. Mission statement is the first thing customers notice when they visit a website.

3 0
3 years ago
What kind of economy uses a free-enterprise system?
alekssr [168]

Answer:

The U.S. economy is a free enterprise system.

Explanation:

That means that individuals — and not the government — own most of our country's resources.

5 0
3 years ago
Sophie Company is considering closing one of its product lines. Current data on the product line are as follows. Sales revenue $
suter [353]

Answer:

Company's net income will increase by $2500 if the product line is discontinued.

Explanation:

From the data given:

Sales                                      25000

variable cost (less)                 19000

contribution margin               6000

Fixed costs

directed fixed costs                7000

allocated fixed costs               5000

net income                             -6000

Fixed cost savings                   7000

rental revenue                           1500

total savings if discontinued    8500

contribution margin (less)         6000

net income increased by          2500

5 0
3 years ago
Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $350 for
Brut [27]

Answer: $175

Explanation:

Here we can see that the business discussion happened only at dinner.

After Dinner they went for entertainment at the Cinema so that amount is not deductible as a business Expense.

The only amount deductible is the $350 for the meal.

Meals with clients are considered to be 50% deductible so solving for that we have,

= 350 * 0.5

= $175

$175 is amount of the expenditures that Holly can deduct as a business expense.

7 0
3 years ago
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