Answer:
Production= 1,240 units
Explanation:
Giving the following information:
Sales:
February= 1,250
March= 1,200
Desired ending finished goods inventory is equal to 20 percent of the next month's sales.
To determine the production required for February, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 1,250 + (1,200*0.2) - (1,250*0.2)
Production= 1,240 units
<span>Advertisers can determine how effective their media mix has been in reaching their target audience by calculating the total GRP of the advertising schedule.In advertising, a gross rating point (GRP) is a measure of the size of an advertising campaign by a specific medium or schedule.</span>
Answer:
B. Is a knowledge worker
Explanation:
Knowledge workers are employees whose main capital is knowledge. They are said to think for a living rather than you see in manual labour. To put in simple words, they are employees whose jobs requires them to think for a living. They usually posses a specialized knowledge, usually in their field of study. They help in developing new strategies and helps come up with new ideas for products and services. In this case, Oliver uses his knowledge to produce eco friendly outfit through cost efficient manufacturing process. He also interacts with customers to get feedbacks about their needs and improvements on the products.
When some allocation of resources is made by the market and some is made by the government an economy is said to be a be a mixed economy.
A system that has elements of both capitalism and socialism is called a mixed economy.
A mixed economy protects private property and permits some economic freedom in the use of capital, but it also permits government intervention in the economy to further social objectives.
Neoclassical theory states that mixed economies are less effective than pure free markets, but proponents of government interventions contend that the fundamental requirements for efficiency in free markets, such as equal information and rational market participants, cannot be met in actual practice.
A mixed economy is one that is structured with a combination of free-market and socialist components and that falls somewhere on the spectrum between pure capitalism and complete socialism.
Learn more about mixed economy. here:
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Answer:
Theory of comparative advantage states that a country has a comparative in a production of certain commodities if the opportunity cost of producing these commodities is lower than the other countries.
Here, it is given that country A is a efficient producer of tin and there are some difficulties in producing corn. So, country A have to concentrate on the production of Tin and purchase the corn from any other efficient producer.
