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4 years ago

Which of the following is a way to compute GDP?

Business

1 answer:

jek_recluse [69]4 years ago

3 0

Answer:

C. add up the market values of all final goods and services is the correct answer.

Explanation:

By add up the market values of all final goods and services is a way to compute GDP.

GDP stands for Gross domestic product and describes the total financial cost of all goods and services produced and traded on the market within a country during a specified time

GDP is used to estimate economic activity in a country.
Economists use the Gross domestic product to decide whether the economy is expanding or undergoing a recession.
GDP is calculated by National agencies.

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You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products

Mumz [18]

Explanation:

The cross-price elasticity formula is:

CPE= Δ%q of good A/ Δ%p of good B

The CPE of penguin patties and raskels is:

CPE= -22%/-20%

CPE= 1.1

A positive CPE means that both good are substitutes; often, penguin patties take the place of raskels. An increase in price of penguin patties will affect positively the quantity demanded for raskels.

The CPE of penguin patties and kipples:

CPE= 7%/-20%

CPE=-0.35

A negative CPE means that both goods are complementary, which means that consumers will likely consume them together. An increase in price of penguin patties will affect negatively de quantity demanded for kipples.

Complementary goods should be advertise together because both could be positively benefited by advertising. If the demand for penguin patties increases, it is probable that the demand for patties increases too. If you advertise substitute goods, people will always prefer one, then the advertising will only be effective or for penguin patties or for raskels.

7 0

3 years ago

A shoe manufacturer pays part of the media bill when a local shoe store features the manufacturer's brand in its advertising. wh

marissa [1.9K]

This type of advertising is called co-op or cooperative advertising wherein the ads of the retailers include the mention of manufacturers. In return, the manufacturers pay the retailers all or some parts of the advertisement cost. Cooperative advertising is an effective means for both manufacturers and retailers to reach their target markets.

6 0

4 years ago

Name a US-based international company. Share with the class the ways this company is affected by a global market, including the

melisa1 [442]

Answer:

Answer explained below

Explanation:

Environmental Forces in International Markets

For many firms the question is not should we go overseas, but instead it is when should we go overseas. Examples of these firms include discount variety stores such as Wal-Mart or other firms like fast food restaurants such as McDonald's. The ability to spread their business to new places offers a whole new risk but with this risk comes the potential of great return. These firms however, must pay close attention to the environmental forces in international markets. These forces include socio-cultural, economic, and political, legal. and regulatory. Each of these forces has their own impact on how successful or how unsuccessful a firm can potentially become.

As we look at socio-cultural forces firms need to keep in mind that not ever place in the world thinks that same way that they do, and in this event they need to carefully study the behaviors of the people they will be presenting their business to. In an effort to do this firms must carefully know the culture of the people that will be shopping at their stores and tailor their business to fit their lifestyles. Examples of this can be seen though McDonald's. Some countries are more health conscience than others and if McDonald's wants to be successful overseas it must change its menu accordingly.

Modes Of Entry Into International Markets

Factors Influencing FDI

Foreign direct investment not only brings in capital, it also brings in latest technologies and modern management practices. Such investments are crucial to ensue that any country's industries would be able to create products and services in future that can be sold in international markets. As such FDI is important not just for the developing countries, it is also equally important for developed nations.Industrialized nations are among the largest recipient of FDI. Factors that are important for a country to attract FDI are give in the following;

Supply factors:

Lower production costs for certain products / industries compared with other countries attract foreign investment in those industries. Better logistics, warehousing and transportation infrastructure and systems (by air, sea or overland) also attract foreign direct investment. Abundant availability of natural resources and other factors of production lead to cheaper prices of these resources and may attract foreign direct investment.Firms also make foreign direct investment in foreign countries to access to key technologies

Demand factors:

Closer and good customer access also factors to bring in foreign direct investment. Advantages in marketing, being closer to customers, may also bring in FDI Firms may need to establish operations in foreign markets for exploiting of competitive advantages. Companies that have strong global brands may want to have full control over their brands in world markets and my engage in FDI for preservation of brand names and trade marks. Customers of firms are also often traveling / moving to foreign countries. Firms may also need to establish operations in foreign countries due to their customers mobility

Political factors:

Firms may also invest in foreign countries for avoidance of any trade barriers posed by the home of host countries. Home country or foreign country government may provide economic development incentives for FDI, encouraging firms to invest overseas

Name an international company.

Apple

Share with the class the ways a U.S. company is affected by a global market, including the international trade system, economies, governments, and cultural factors. Also discuss the different ways a company can enter international markets

The business world today is interconnected and interdependent as never before. The severity with which a crisis in Greece, a country that accounts for less than .5% of world

7 0

4 years ago

Suppose a small economy has two income tax rates: 15% for all income up to $50,000 and 30% for any income earned above $50,000.

Vikki [24]

Answer: (a) 58500 and (b) 19.5%

Explanation:

Five workers salaries are as follows:

Amy: $20,000

Betty: $40,000

Charlie: $60,000

Dimitry: $80,000

Evelyn: $100,000

As given in the question that there are different tax slabs for different income level.

slab 1 - 15% for all income up to $50,000

slab 2 - 30% for any income earned above $50,000

Hence,

Tax paid by Amy = 20000 × 15% = $3000

Tax paid by Betty = 40000 × 15% = $6000

Tax paid by charlie = 50000 × 15% + 10000 × 30% = $10500

Tax paid by Dimitry = 50000 × 15% + 30000 × 30% = $16500

Tax paid by Evelyn = 50000 × 15% + 50000 × 30%= $22500

∴ Total tax revenue paid by the five workers = 3000+6000+10500+16500+22500

= 58,500

Tax revenue as percent of total income = $\frac{Total\ tax\ revenue}{Total\ income} \times100$

= $\frac{58500}{300000} \times100$

= 19.5%

5 0

4 years ago

Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The va

klemol [59]

Answer:

Contribution = $35 X 2,00 = $7,000

But it has no warrant of demand therefore this additional contribution can only be realized on sale of 2,00 units.

Explanation:

Provided

Products Bales Tales Wales

Selling Price $55 $78 $32

Less: Variable Cost $20 $50 $15

Contribution per unit = $35 $28 $17

Hours per unit required 5 7 1

Contribution per hour $35/5 $28/7 $17/1

$7 $4 $17

Second highest contribution margin per hour is of Bales, first is of Wales. We need to produce and sale the product with second highest margin per hour that is Bales, but since the first 1,000 units were used to produce goods with highest contribution margin per unit, and provided here is no warrant of its demand, it shall not be produced any further.

Now Wales shall be produced as it has highest contribution margin per hour.

Units produced within 1,000 hours of Wales = 1,000/1 hours = 1,000 units.

Contribution = 1,000 units of Wales X $17 = $17,000.

But it is asked - maximum additional contribution margin that can be realized by utilizing the remaining 1,000 hours on the product with the second highest contribution margin per hour is of Bales in that case

No of units = 1,000/5 = 2,00 units

Contribution = $35 X 2,00 = $7,000

But it has no warrant of demand therefore this additional contribution can only be realized on sale of 2,00 units.

3 0

4 years ago