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3 years ago

In an unregulated, competitive market consumer surplus exists because:___________.

Business

1 answer:

Paha777 [63]3 years ago

4 0

Answer: some consumers are willing to pay more than the equilibrium price.

Explanation:

Consumer Surplus is simply the difference between the price that is paid by a consumer and the price that the consumer was willing to pay in the first place.

In an unregulated, competitive market consumer surplus exists because some

consumers are willing to pay more than the equilibrium price.

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The probability that inventory will remain in stock based upon a specified level of Safety Stock is called: A. The Order-Up-To L

horsena [70]

Answer:

The answer is "Option D".

Explanation:

The system's performance is gauged only by the level of service. The quality of service specifies the percentage of such goals which should be met. That likelihood of stock remaining in inventory based on a set level of Security Stock is referred to as the service level. Ex: In a contact center, the number of calls that are addressed. That percentage of consumers who have waited less than a fixed amount of time.

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3 years ago

Consider an internet or e-commerce company that sells exclusively in the US but wants to expand globally. What kind of strategy

AleksandrR [38]

Answer:

(a) Strategy recommended for initial expansion

Target Markets

Market Entry

(b) Factors to consider when pursuing the expansion strategy

Brand Recognition

Cultural Understanding

Explanation:

There are two parts of this question. Therefore, they are written in details below as points (a) and (b)

(a) Strategy recommended for initial expansion

Target Markets

In order to proceed with any idea/plan at a strategic level, one must consider doing their homework. This means to understand the international customers, what do they buy, at what price is the goods preferred, which methods of shopping best suits them and so on.

Market Entry

Planning on how to enter the market is an important strategy in the plan for initial expansion. This could be achieved by acquiring another business and/or selling unique product/service.

(b) Factors to consider when pursuing the expansion strategy

Brand Recognition

One must question whether your brand is recognized in the market or not and at what level is it recognized. Awareness of brand existence have increased significantly with the help of social media. However, the same could be said about the number of brands available in the market for a single good/service. Therefore, research must be conducted before expanding into new territories.

Cultural Understanding

Culture is different in each country and based on which different market strategies needs to be implemented for each country. Let's say you approach a country where language of the country is not known to your existing employees. Therefore, you may need to train them first before working in the country and this could amount to a significant cost. It's best to start expansion in those countries where you have better cultural understanding.

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3 years ago

Demand elasticity analyzes the _______________ and the change in total revenue resulting from a change in price.

ehidna [41]

Demand elasticity analyzes the degree of sensitivity and the change in total revenue resulting from a change in price.
Demand is a service (in economics), that people are willing to buy at a certain price and degree of sensitivity is combination of the affect which is caused by changes in input values or output.

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3 years ago

The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account fo

Licemer1 [7]

Answer:

Accounting equation is as follows:

Assets = Liabilities + Stockholder's Equity

(a) Services worth of $47,000 provided on account which increases the accounts receivable which is a part of assets and increases service revenue which is a part of equity.

Assets = Increases ($47,000)

Stockholder's Equity = ($47,000)

(b) Received cash from the customers for services provided on account.

This increases the cash which is a asset and reduces the accounts receivable with the same amount.

Assets = Increases ($47,000) ⇒ Cash

Assets = Decreases ($47,000) ⇒ Accounts receivable

(c) Purchasing a bike by signing a note would increases the notes payable which is a liability and increases the Equipment which is a asset.

Assets = Increases ($32,000) ⇒ Equipment

Liabilities = Increases ($32,000) ⇒ Notes payable

(d) This will reduce the cash which is an asset and increases the utility expense which lead to reduce the equity.

Assets = Decreases ($4,700) ⇒cash

Stockholder's Equity = ($4,700) ⇒ Utility expense

8 0

3 years ago

Insurance can help you:

Katena32 [7]

The answer is b hope this helps :) :) :)

4 0

3 years ago