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const2013 [10]
3 years ago
13

How can a change in income shift a demand for goods?

Business
1 answer:
salantis [7]3 years ago
8 0

The demand of something means how the insistency or desire to purchase that item. When there is a shift in income, demand for goods change drastically. If the income level for a person rises, then the demand for goods that they may not have been able to afford before rises and the cheaper options decline. If the income shift drops, the demand for the goods previously affordable may go down, due to not being able to afford them anymore.

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Most business processes are cross-functional or cross-departmental processes that span the entire organization. Which of the bel
n200080 [17]

Answer:

<u>Processing payroll</u>

Explanation:

Most business processes are cross-functional or cross-departmental processes that span the entire organization. It include order-to-delivery <em>process , loan processing , taking a product from concept to marke</em>t, but it <em>does not</em> include Processing Payroll.

Cross functional business process means a company in which all department like finance department , sales department , production department , marketing department etc. goes hand in hand or work together to achieve common objective or goal of the company.

Cross functional processes help in engaging all the employees in their work . It also helps in improving communication skills between all the employees or departments .It also helps in developing good management skills.

6 0
3 years ago
Using the information below, compute the raw materials inventory turnover:
fredd [130]

Answer:

The raw material inventory turnover is 9.2 times or 40 days

Explanation:

This problem requires us to compute raw material inventory turnover. The inventory turnover ratio is calculated by dividing the inventory used for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year.

So RM inventory turnover = RM used/Average inventory

                                            = 104,600/11,350*

                                            = 9.2 times or 40 days**

* Average inventory = (9,900+ 12,800)/2

** (365/9.2) = 40 days

5 0
3 years ago
What does it mean that in a free market that buyers compete against other buyers for goods and services and that sellers compete
mina [271]
That is economics. Also known as 'Supply and Demand'.It means that the buyers are competing against each other like if one person wants the new Lamborghini and another also wants it, but there is only one in stock, they will have to compete not by fighting but by business, same with the sellers. If there is this new hat and a lot of sellers have it, the sellers will have to compete to sell the hats at the best price, but also earn a profit. Who ever has the best price will attract the buyers.

(P.S. A free market is a market in which the Government does not get involved between the buyer and the seller. That is called Capitalism. In some countries, the Government puts the price. So the Government is getting involved. That is called Communism:)
4 0
3 years ago
Type the correct answer in the box. Spell all words correctly. What is the first step taken by the management team in any indust
jarptica [38.1K]

Answer:

plan

Explanation:

planning is the first step,for every business to succeed there must be planning

4 0
3 years ago
You are given the following information about a portfolio you are to manage. For the long term, you are bullish, but you think t
Ira Lisetskai [31]

Answer:

sell 1.714

Explanation:

The computation of the number of contract buy or sold to hedge the position is shown below:

As we know that

Number of contracts = Hedge Ratio    

Hedge Ratio = Change in Portfolio Value ÷ Profit on one future contract

where,

Change in the value of the portfolio is

For that we need to do following calculations

Expected Drop in Index is

= (1200 - 1400) ÷ 1400    

= -14.29%    

And, Expected Loss on the portfolio is

= Beta × Expected index drop

= 0.60 × (-14.29%)    

= -8.57%    

So, the change is

= 1000000 × (-8.57%)

= -$85,700  

And, the profit is

= 200 × 250 multiplier

= 50,000

So, the hedging position is

= -$85,700 ÷ 50,000      

= -1.714  

This reflects the selling position

3 0
3 years ago
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