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lana66690 [7]
3 years ago
8

What is a goal of federal minimum wage who benefits from it?​

Business
1 answer:
nikdorinn [45]3 years ago
3 0
One of the many goals of federal minimum wage would be to meet increased consumer demand. If this goal is met, overall economy would benefit from it.
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Which is TRUE regarding the trade-off a firm makes when it spends money on an investment project? A. The trade-off a firm faces
luda_lava [24]

Answer:

A. The trade-off a firm faces when using retained earnings or borrowed funds is the same.

Explanation:

  • A trade-off is based on the situational decisions that usually involve the loss of quality and a property that is set or designed to give a return in the other aspects.
  • As one part has to increase and the other has to decrease. The trade-off is commonly expressed as in the terms of opportunity costs which states the loss of the best alternative.
3 0
3 years ago
How should Sophia advise her senator? Why?
Otrada [13]

Answer:

Explanation:

A Promotion

8 0
2 years ago
Which of the following statements best reflects a price-taking firm? a The firm has an incentive to charge less than the market
MatroZZZ [7]

Answer:

b

Explanation:

A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.

If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.

An example of an industry characterised by price taking firms are perfectly competitive industries.

For example, a farmer selling oranges is an example of a price taking firm

5 0
3 years ago
Explain how quickly a new product will be adopted, given the values and regular experiences of potential customers?
FromTheMoon [43]

Answer:

Explain how quickly a new product will be adopted, given the values and regular experiences of potential customers?

B. Compatibility.

Explanation:

Marketing can be defined as all the activities aimed at improving a business product to potential customers with the aim of improving the company's market share. Most companies use marketing as a tool to improve their sales. It is mostly crucial in companies that want their new product to be adopted by their potential customers. For this to happen, the following factors have to be considered;

1. Complexity

Complexity can be defined as the ability of the potential customers to understand your product. The marketing of the product should be in simple and clear language that will easily be understood by most customers. The product should also be easy to use in the customer's daily life. It has been know that the more complex a product is, the harder it will be for the customers to adopt it.

2. Compatibility

Compatibility can be defined as the rate at which the product being offered aligns well with market values and expectations. The more compatible the product is to the market the faster the product will be adopted.

6 0
3 years ago
Bass new product forecasting model is used for estimating long term sales potential of a product True False
kobusy [5.1K]

Answer:

True

Explanation:

The Bass New forecasting model is a forecasting model that is commonly used to estimate the sales of a product at a certain in future and it is used for highly durable goods.

The bass new forecasting model wad developed by Frank Bass and it has a formula

<u> f ( t )   </u>    =   p + qF ( t )

1 - f ( t )

where:

f ( t )  is the change of the installed base fraction

F(t) is the installed base fraction

p is the coefficient of innovation

q is the coefficient of imitation

Cheers.

7 0
3 years ago
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