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3 years ago

Which of the following would be considered part of a firm's general environment?

Business

1 answer:

vagabundo [1.1K]3 years ago

5 0

Answer:

B) increased trade deficit

Explanation:

Firm's general environment in a firm can be explained as the external factors that is considered as influence to the firm, these External factors that influence the operation of the firm. These could be ;

✓Political factors

✓Economic situation

✓increased trade deficit

Therefore, Among the given options, only "increased trade deficit" would be

considered part of a firm's general environment.

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The market used to calculate the CPI is 3 units of pork and 4 unit of corn. In 2005, pork cost $20 per pound and corn cost $12 p

Ede4ka [16]

Answer:

The answer will be 136.11 

Explanation:

Because since the cost of the basket in 2005 is = (3x20) + (4 x 12) = 108; And the cost of basket in 2006 is = (3x25) + (4 x 18) = 147

To calculate the CPI,

Put a sampling of product prices from a previous year. 
Then, put the current prices of the same items together. 
Divide the current total prices by the old prices and then subtract the sum by 100.

The Consumer Price Index (CPI) for 2006 = (147/108) x 100 = 136.11

7 0

3 years ago

Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per mont

Paladinen [302]

Answer:

A. 566 pounds

Explanation:

Given: Demand for rice is very consistent= 200 pounds per month.

Cost of rice per order= $50 per order.

Rice cost= $5 per pound.

Carrying charge= 15%

EOQ: Economic order quantity (EOQ) is the number of units that company should include in their inventory with each order to reduce cost of inventory.

Now, calculating EOQ.

Formula; EOQ= $\sqrt{\frac{2DP}{C} }$

D= Demand in units for specified period.

P= relevant ordering costs per order.

C= Relevant carrying cost of one unit in stock for the time period used for D.

EOQ= $\sqrt{\frac{2\times (50)(200\times 12)}{5\times 15\%} }$

⇒ EOQ= $\sqrt{\frac{2(50)(2400)}{5\times (0.15)} }$

Opening parenthesis

⇒ EOQ= $\sqrt{\frac{240000}{0.75} }$

⇒ EOQ= $\sqrt{320000}$

∴ EOQ= $565.68\ pound \approx 566\ pounds$

Hence, Economic order quantity is 566 pounds.

5 0

3 years ago

Jake owns a company called Boat Builders, LLC and one evening he took several of his employees out after work to a bar. After ea

lakkis [162]

Answer:

Yes, because Boat Builders, LLC failed to exercise a reasonable standard of care at their premises.

Explanation:

Remember, we are told, "Jake... invited them back to the Boat Builders premises," meaning they (Boat Bilders, LLC) had a duty of care responsibility toward all of his employees present.

Note we are told, "Mark made light of it but gave Jake a menacing look so Jake dropped it," this was a moment that shows Jake's negligence because as the owner of Boat Builders he had a duty of care to ensure no one is hurt without their own fault within their premises (which included their "parking lot").

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3 years ago

What is the input, conversion, and output of operating a summer band camp?

sesenic [268]

Input is the object, the material, the information, land, equipment, money, knowledge we fed into a process.
Output is the created product (good or service) that provide added value to customers. And the process that makes conversion from the input into the output is the operations management.
In our case the final product is operating a summer band camp. The input are materials, buildings (where the camp will be located), hiring staff, but also non-material things -advertising for example. The conversion is rebuilding, interviewing staff.. and the output is opened summer band camp, satisfied customers and hired staff .

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3 years ago

"when the price goes down, the quantity demanded goes up. the price elasticity of demand measures:"

ludmilkaskok [199]

I am confusion

Wut is happening

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3 years ago