Answer:All the alternatives are correct except (C) to remain independent without having to rely on others for goods and services
Explanation:
Specialization is the act of a firm or country concentrating is resources, efforts and skills in the production of few relative goods or services.
It leads to increase in production, quality and supply, which invariably leads to lower price, higher demands, higher profits,consumer satisfaction and improved standard of living.
Answer:
502
Explanation:
In this question, we are asked to calculate the number of additional shoes to be sold to cover a $25,000 investment in advertising whilst also maintaining current contribution to the company.
Firstly, we calculate the sum of variable expenses;
This is the sum of shoe boxes and shoes = 1,000 + 250,000 = 251,000
Now, we proceed to get the contribution margin.
Mathematically, contribution margin = Revenue - Total variable expenses = 500,000 - 249,000 = 251,000
The contribution margin per part can be calculated as ;
Contribution Margin/currently selling pairs of shoes= 249,000/5000 = 49.8
The additional parts to be sold = Investment in advertising/contribution margin per shoes
= 25,000/49.8
= 502
Wage gets paid hourly, salary gets paid on pre determined points in the contract. comission is paid on a per sale base
Answer:
are higher than average, because the job sector is rapidly growing.
Explanation:
Compared to other industries, salaries for technology-related jobs: "are higher than average, because the job sector is rapidly growing."
This is evident in the fact that virtually every industry makes use of technological equipment or operations to enhance their services or manufacturing products.
Hence, with the increase in job markets or rapid growth in the job sector, employers are trying to acquire and retain the best employees in the technology-related industry by paying more than the average.
