Considering the available options, an example of an intermediary is "New car dealership."
This is based on the idea that an intermediary is an organization between the producers and the final consumers in the business chain transaction.
Thus, a new car dealership is considered an intermediary because he is neither a producer nor the final consumer of the automobile product.
Generally, in any industry, there are different types of intermediaries, they include:
agents, wholesalers, distributors, and retailers.
Hence, in this case, it is concluded that the correct answer is option C. "New Car Dealership."
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Answer:
True
Explanation:
Paul Samuelson was an economist and he was the first American to win the Nobel Prize in Economic science. The journey into coming up with comparative advantage started when Stanislaw Ulam challenged him to name a proposition of social science is true and at the same time non-trivial and this led to the Paul's developing comparative advantage years later.
Paul Samuelson however, also argued that while the standard interpretation says a country is better off when it is rich in trading with a poor nation, it is also true that there are circumstances that might leave a rich country worse off when it switches to a free trade rich with a poor nation.
Answer:
The correct answer is letter "D": knowledge and skills that workers have acquired.
Explanation:
Human Capital is all the creative skills and expertise embodied in a company's employees, skills which brings economic value for the company. The most efficient way of producing goods and services is to know the "how to." Human capital can be used more efficiently like any other kind of capital and this leads to an improvement in the quality and quantity of production.
Answer:
B. 22.8 million
Explanation:
The computation of the warranty expense is shown below:
= Net sales × repairing or returning percentage × sales return percentage
= $1,900 million × 30% × 4%
= $22.8 million
All other items values which are given in the question is not relevant. Hence, ignored it
We simply multiply the net sales with the given percentage reflecting the sales return percentage and the repairing percentage
Answer:
Return on assets(ROA) = Operating profit /Assets x 100
10 = Operating profit /$220m x 100
10 x $220m = 100 x operating profit
$2,200m = 100 x operating profit
Operating profit = $2.200m/100
Operating profit = $22m
Operating profit margin = Operating profit/Sales x 100
= $22/$135 x 100
= 16.30%
Explanation:
In this question, we need to calculate the operating profit using return on asset formula as shown above. Operating profit becomes the subject of the formula. Then, we will calculate operating profit margin by dividing the operating profit by sales multiplied by 100.