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AURORKA [14]
4 years ago
14

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

Business
1 answer:
NemiM [27]4 years ago
4 0

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.  

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.  

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

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What skills do you need be a marketing manager? as a marketing manager, you need to have skills and skills.
BabaBlast [244]

Answer:

You'll need:

the ability to sell products and services

excellent verbal communication skills

the ability to use your initiative

to be thorough and pay attention to detail

leadership skills

maths knowledge

business management skills

customer service skills

to be able to use a computer and the main software packages confidently

3 0
2 years ago
Describe a successful and unsuccessful attempt at job redesign that you have experienced or observed. What factors contributed t
Alex

Answer:

Explanation:

I have personally seen a successful job redesign where the managers rearranged the tasks and responsibilities of the workers but at the same time made sure that the new tasks fit the employee that was assigned those tasks/responsibilities. The managers went through each employee's skillsets and past experience and moved each employee around in the organization in order for each responsibility to have the most efficient employee handling it within the organization. This allowed everything to continue flowing without any problems.

4 0
3 years ago
North Around, Inc. stock is expected to return 22 percent in a boom, 13 percent in a normal economy, and −15 percent in a recess
almond37 [142]

Answer:

4.53%

Explanation:

Data provided in the question:

Expected return = ∑ (Return × probability)

Thus,

Expected return = (0.06 × 22) + (0.92 × 13) + (0.02 × (-15))

= 12.98%

Now,

Probability       Return        Probability × (Return-Expected Return)²

0.06                  22                   0.06 × (22% - 12.98%)² = 4.8816

0.92                  13                    0.92 × (13% - 12.98%)² = 0.000368

0.02                  -15                   0.02 × (-15% - 12.98%)² = 5.657608

========================================================

                                                                            Total = 20.5396%

Standard deviation = \sqrt{\frac{\text{Total probability}\times(\text{Return-Expected Return})^2}{\text{Total probability}}

= √(20.5396)

= 4.53%

6 0
3 years ago
Cellestial Manufacturing Company produces Products A1, B2, C3, and D4 through a joint process. The joint costs amount to $200,00
marusya05 [52]

Answer:

$2,000

Explanation:

The computation of the profit in case of Product B processed further is shown below:

Sales value if processed further $35,000  

Less: Sales value at Split-Off $30,000  

Incremental revenue                 $5,000  

Less: Additional costs                 $3,000  

Incremental income                 $2,000  

First we have to find out the incremental revenue after that deduct the additional cost so that the incremental income or we can say profit could arrive

6 0
3 years ago
The 2014 balance sheet of Steelo, Inc., showed current assets of $3,135 and current liabilities of $1,545. The 2015 balance shee
Pachacha [2.7K]

Answer:

-$35

Explanation:

The computation of the change in net working capital is as follows:

Net working capital = current assets - current liabilities

For 2014,

net working capital i s

= ($3,135 - $1,545)

= $1,590

And,

for 2015,

net working capital is

= ($3,100 - $1,545)

= $1,555

So, the  change in net working capital is

= ($1,555 - $1,590)

= -$35

8 0
3 years ago
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