The potential for industry growth, whether it seems as though competition will only get stronger or weaker, and the company's competence in carrying out industry key success factors.
An organized subset of economic activity is the subject of this article. See Manufacturing and Industrial society for information on mass manufacturing and its implications. An industry is a division of an economy that creates a cluster of closely linked goods, services, or raw materials (for a list of additional uses, see Industry macroeconomics). One may cite the wood business or the insurance industry as examples.
Industry classifications often use a company's or group's major source of revenue when evaluating it to place it inside a certain industry. For instance, "statistical units" are categorized by the "economic activity in which they primarily participate" according to the International Standard Industrial Classification (ISIC), which is utilized directly or through derivations for the official statistics of the majority of countries worldwide.
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Yes definitely depends on that
a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.
b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for Ford's SUVs. Consumers would now have limited choices.
c. As a result of the ad campaigns, the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.
d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes
Price elasticity of demand measures how quantity demanded responds to changes in the price of a good
<em>Types of price elasticity </em>
- Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
- Inelastic demand : this means that quantity demanded does not respond much to change in price. Coefficient of elasticity is less than 1
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Answer:
A. Dr Raw meat Inventory 120,000
Cr Cash 120,000
B. Dr Indirect Materials $186,000
Cr Raw Materials $186,000
C. Dr Direct Materials $15,000
Cr Raw Materials $15,000
Explanation:
Preparation for the journal entries for the above transactions for the month of May.
Dr Raw meat Inventory 120,000
Cr Cash 120,000
(Being to record Raw materials purchases for cash)
B. Dr Indirect Materials $186,000
Cr Raw Materials $186,000
($201,000 - 15,000)
C. Dr Direct Materials $15,000
Cr Raw Materials $15,000
Answer:
The below solution will guide your believe of what should be appropriate qualitative assumptions for inherent risk.
Explanation:
