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Sedbober [7]
3 years ago
13

Consider the circular flow model when answering the following questions

Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer:

a. Factor market

b. the firm

c. product market

Explanation:

a, Factory is one of the  factors of production, if it must be traded, it will be done in the market for factors of production known as the factor market.

b. Profit is a reward for one of the factors of production called entrepreneur, the entrepreneur, in the circular flow model is the firm

d. Consumer goods like coffee are available in the product market, therefore the price for coffee is determined in the product market.

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When a home builder decides to computerize all of its production schedule, it directly answer the what how or who question
pashok25 [27]

Answer:

The answer is How.

Explanation:

When a home builder decides to computerize all of its production schedule , it directly answers the HOW question.

Hope this helps!! ;)

4 0
3 years ago
Difinition of effective communication
Tomtit [17]
The mutual understanding and listening to both parties. It helps create a stronger work relationship (this isn’t the exact answer it’s just in my own words)
7 0
3 years ago
Let's break it down into more technical terms, Demand work like this, it is the prices that the consumers are willing and able t
kiruha [24]

Answer:

-Income of buyers

-Consumer expectation

-Taste of consumers

-Price of the goods or services

-Price of related goods or services

Explanation:

Income of buyers: When there is a rise in income of buyer then demand would increase. Also when there is a fall in buyer's income, demand would decrease.

Consumer expectation: If consumers perceive that there would likely be an amount increase in price of certain commodities then demand for such commodities would increase now.

Taste of consumers: If the taste, preference or emotions of buyers changes in favour of a product then there would be increase in demand for such product and vice versa.

Price of the goods or services: The higher the price of a product, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Price of related goods or services: When there is an increase in the price of goods that are related, demand for the goods with lower price will increase

5 0
3 years ago
Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2017, for $13,000 cash. Hitzu
Morgarella [4.7K]

Answer:

1) 390 warranty expense

2) 390 warranty liability

3) zero as the amount is deducted from the liability

Explanation:

the warranty expense was determinated using an allowance of 3% of the sale:

$ 13,000 x 3% = $ 390

the warranty liability will be created for the same amount

On 2018 it will decrease the liability against inventory It will not recognize a warranty expense.

4 0
3 years ago
Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,
Studentka2010 [4]

Answer:

a commercial bank

Explanation:

A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.

Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

5 0
3 years ago
Read 2 more answers
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