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3 years ago

Which of the following is another term for a planned economy?

Business

1 answer:

Cloud [144]3 years ago

6 0

The correct answer would be option C, Socialist System.

Socialist system is another term for a planned economy.

Explanation:

An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy, socialist economy, or the command economy.

The system of planning in this economic system can either be centralized, decentralized or participatory.

This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.

The production, prices, distribution, etc of the products or services are regulated centrally by the government.

Learn more about Planned Economy at:

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Mary, a sales representative for a small cleaning business, asks current customers for names of friends, customers and other bus

Fofino [41]

Answer:

Mary is relying on referral marketing to identify potential customers.

Explanation:

Referral marketing is a method of spontaneously promoting a businesses products and services to new customers by word of mouth. This can happen through a variety of channels such as email, mobile, and social media.

Referral programs are formal programs that exists in some organizations instituted by employers to encourage employees to refer candidates for jobs at the company.

Referral programs benefit both the employer and the current employees. In some cases, a bonus can be earned if a referred candidate is hired.

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3 years ago

Read 2 more answers

Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,

Citrus2011 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Highest cost= $2,400 when the machines worked 1,000 machine hours.

Lowest cost= $2,200 when the machines worked 500 machine hours.

To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)

Variable cost per unit= $0.4 per hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400 - (0.4*1,000)= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,200 - (0.4*500)= $2,000

Total cost= 2,000 + 0.4x

x= machine hour

Finally, the total cost for 1,200 machine hours:

Total cost= 2,000 + 0.4*1,200

Total cost= $2,480

7 0

3 years ago

Which of the following is an example of a company that primarily provide a service

Anestetic [448]

A carpet cleaning company, or dry cleaning, pest control, etc.

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3 years ago

Government transfer payments:A) are included as part of government purchases, G.B) can be viewed as negative tax payments, T.C)

iris [78.8K]

Answer:

The correct answer is letter "B": can be viewed as negative tax payments, T.

Explanation:

In the U.S., government transfer payments or simply called transfer payments are local, state and federal payments the government sends to individuals enrolled in social programs such as the Social Security, Medicaid or unemployment welfare.

They are considered negative tax payments since the funds used comes from taxpayers but it is not redistributed to investments of public interest. However, income received by individuals in need from the government is taxed, too.

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4 years ago

Which phase of the new product development process involves identifying the target market, estimating its size, and determinin

Mkey [24]

Answer: Marketing strategy development

Explanation:

Marketing strategy development is essential to develop a brand. Strong marketing strategies are vital for industry dominance. A marketing strategy is more than just advertising the product. A connection, display of need of the good and its value is essential to get the right audience.

Marketing strategies provides small business with direction essential for effective promotion.

Marketing strategies is different for businesses, the main thing is tailoring it to what the company needs. Marketing strategy should involve a set of clear goals, and consumer research.

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3 years ago