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3 years ago

True or False:

Business

1 answer:

Lena [83]3 years ago

8 0

Answer: True.

Explanation:

Here, the statement is related to the economic theory of demand, not with economic theory of supply. So, we are considering only law of demand.

The statement is true according to the economic theory of demand.

Economic theory of demand states that other things remains constant, increase in the price of a commodity results in lower demand for that commodity and vice versa. There is an inverse relationship between the price and demand of a commodity.

Economic theory of supply states that other things remains constant, increase in the price of a commodity results in higher supply for that commodity and vice versa. There is a direct relationship between the price and supply for a commodity.

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It is important for companies to build cooperative and transparent channel systems for moving goods, supplies, and services. wel

8_murik_8 [283]

Well-known fast food franchises usually set up contractual distribution systems, where individual franchise owners participate in channel cooperation through legal agreements.

A contractual distribution system is where different people of the organization work together through legal agreements to achieve the same goal. Overall, the company wants each smaller branch to succeed but they legally bound to the franchiser.

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3 years ago

Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to comm

UkoKoshka [18]

Answer:

D. Not effective

Explanation:

a. Effective if there are no other potential buyers.

b. Effective if TPI does not advertise the offer generally.

c. Effective if U-Store-It is currently expanding its facilities.

d. Not effective.

From the question, we are informed about how Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to communicate the offer to U-Store-It. In this case This offer is Not effective, this is because the offer wasnt communicated to U-Store. An offer can only be regarded as effective offer when 1) offeror is effective and serious to perform the offer

2) the terms and conditions of the offer is certain.

3) the offer is communicated to the offeree.

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3 years ago

Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser

stealth61 [152]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Toot! TiX Total

Users 17,900 24,100 42,000

Administrative costs $ 1,848,000

We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,848,000/42,000

Predetermined manufacturing overhead rate= $44 per user

Now, we allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Toot!= 44*17,900= 787,600

TiX= 44*24,100= 1,060,400

Finally, the gross profit for each service:

Toot!:

Revenue= 2,200,000

Engineering cost= (1,096,250)

Administrative cost= (787,600)

Profit= $316,150

TiX:

Revenues= 2,400,000

Engineering cost= (1,213,750)

Administrative cost= (1,060,400)

Profit= $125,850

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3 years ago

A major result of increasing urbanization in african nations has been the

Alenkinab [10]

A major result of increasing urbanization in african nations has been the movement of people from the country to the city and probably less people involved in agriculture. Also, it would probably result in a more informed populace since cities tend to be more complex societies than villages and more connected to what is happening in the world.

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3 years ago

What does copyright law protect?

kupik [55]

Answer:

Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.

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2 years ago