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Gnom [1K]
3 years ago
14

Suppose that the rise in the price of coffee beans resulted in a large decrease in the supply of Starbucks coffee while the lowe

r prices by its competitor resulted in only a small decrease in demand. The net impact would be a:________.
Business
1 answer:
tigry1 [53]3 years ago
3 0

Answer:

A price that is higher and lower quantity of Starbucks coffee

Explanation:

There was only a small decrease in demand for Starbucks coffee, and demand has been greatly decreased.

The demand for Starbucks coffee will remain high, supply will be limited and this will push the price high due to scarcity of the coffee.

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When a firm operates under conditions of monopoly its price is:?
Amiraneli [1.4K]
Havent you played monoply?
4 0
3 years ago
How to empower employees ?
Zepler [3.9K]

Answer:

set clear boundarys

dont be afaid to yell

Explanation:

8 0
2 years ago
Craftmaples, a chain of handicraft stores, was established with the purpose of preserving traditional handicrafts. The company's
Tomtit [17]

Answer: Company mission

Explanation: The company mission refers to the objectives mentioned  in the mission statement of the organisation. It is a short statement which describes why the organisation exists and what are its goals. This statement also states the location of the organisation and other important factors like major customers.

In the given case, Craftmaples has the purpose of traditional handicrafts. Thus, all their operations and activities will move towards this one goal.

Hence from the above we can conclude that this case is an example of mission statement.

3 0
3 years ago
Chino Company reported net income of $23,000 for the current year. During the year, Inventory decreased by $7,500, Accounts Paya
ikadub [295]

Answer: A). $25,750.

Explanation:

Cash from operating activities refers to cash from the business operations of the company.

Formula is:

= Net Income + Depreciation + Decrease in inventory - Accounts payable decrease - Accounts receivable increase

= 23,000 + 10,500 + 7,500 - 8,250 - 7,000

= $25,750

7 0
3 years ago
Read 2 more answers
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
Blababa [14]

Answer and Explanation:

The computation of the predetermined overhead rate is shown below:

For Cutting department

= Variable manufacturing overhead per machine hour + (Total fixed manufacturing overhead ÷ machine hours)

= $2 + ($264,000 ÷ 48,000)

= $2 + $5.50

= $7.50

For finishing department

= Variable manufacturing overhead per direct labour + (Total fixed manufacturing overhead ÷ direct labor hours)

= $4 + ($366,000 ÷ 30,000)

= $4 + $12.20

= $16.20

4 0
3 years ago
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