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grandymaker [24]
3 years ago
15

The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has

become so congested that ships must wait hours every day just to dock. This is an example of___________________.
Business
1 answer:
attashe74 [19]3 years ago
3 0

Answer:

Market failure

Explanation:

Market failure is the economic situation where goods and services are not evenly spread out on the market.

In question resources (location) is in favour of New Monopoly seaport and shipsbare forced to wait and enter the port.

Ideally, in a free market resources are to be efficiently distributed so that people do not have to go to only one place to get a good or service.

It is similar to a monopoly in the free market.

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14 Select the correct answer. Which marketing strategy is the most effective in the modern era? O A relationship marketing B. ma
Vlad [161]

Answer:

the modern era? A. relationship marketing B. marketing mix C. relationship … ... mix. D. considering the short-term interests of society. E. customer service. 2.

7 0
3 years ago
Tom, the store manager, recently had to fire Jan, an employee who graduated from Paradise College. He felt that Jan was not well
loris [4]

Answer:

representativeness bias

Explanation:

Representativeness bias -

It is also known as representativeness heuristic .

Heuristics refers to the use of some mental shortcuts during the process of judging or decision making .  

The term representativeness heuristic was first given in the year 1970 , by psychologists Daniel Kahneman and Amos Tversky .  

The use of heuristic for making any judgement by the use of comparison , is referred to as representativeness heuristic .  

The process involves comparison with some predefined object or situation , with the new object or scenario , makes the process of understanding much more easier .  

Hence , from the given information of the question ,  

The correct term is representativeness heuristic .  

5 0
3 years ago
Crowl Corporation is investigating automating a process by purchasing a machine for $802,800 that would have a 9 year useful lif
puteri [66]

Answer:

Simple rate of return = 6.25%

Explanation:

As per the data given in the question,

Net operating income = saving - depreciation on machine

Investment =  cost price - scrap value

So, we can calculate the simple rate of return by using following formula:

Simple rate of return = Net operating income ÷ investment

By putting the value, we get

= ($138,000 - $89,200) ÷ ($802,800 - $22,200)

= 0.0625

= 6.25%

7 0
3 years ago
What is an​ activity-based approach to designing a costing​ system?
DaniilM [7]

Answer: The correct answer is "C. An​ activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services.".

Explanation: The ABC costing model is a model that is based on the grouping into cost centers that make up a sequence of value of the products and services of the company's productive activity. It focuses its efforts on managerial reasoning in an adequate way the activities that cause costs and that are related through its consumption with the cost of the products. The most important thing is to know the generation of costs to obtain the greatest possible benefit from them, minimizing all the factors that do not add value.

6 0
3 years ago
Fiscal policy refers to the idea that aggregate demand is affected by changes in Group of answer choices the money supply govern
Alik [6]

Answer:

All answers are correct except Money Supply

Explanation:

Fiscal policy affects aggregate demand through government spending and taxes. Government may increase taxes to increase revenue or discourage the consumption of a product. On the flipside, they may reduce taxes to stimulate spending, redistribute income, increase aggregate demand among other objectives.

Money supply is a monetary policy and it is used by the central bank to achieve certain objectives (reduce inflation, stimulate growth, increase demand, etc.)

Government spending is a fiscal policy that government uses to achieve a set of objectives (i.e. to supply goods and services that are not provided by the market or private sector – construct bridges, provide health facilities, social programmes for the poor among others).

Taxes – Tax is a fiscal policy tool used by the government to generate revenue, encourage or discourage the consumption of certain products or affect aggregate demand through income redistribution.  

Trade policy could be in the form taxes (i.e. tariffs, import duties, custom duties among others). Trade policy is a fiscal policy as government can use it to control aggregate demand by placing embargo on the importation of certain products to reduce the demand of such products in the local economy.

5 0
3 years ago
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