How do the price and quantity of goat cheese change? The price of goat cheese will likely rise because there is less being produced and able to be consumed. The quantity of goat cheese is not able to be determined by the information provided in the question.
Market penetration achieves company growth by increasing sales of current products to current market segments without changing the product.
<h3>What is market penetration?</h3>
In economics, the term market penetration is used to denote the extent to which the people in the market would recognize and also have to buy a particular product. It is the successful selling of the product in the market by the produces to the consumers of the product.
Hence we can say that Market penetration achieves company growth by increasing sales of current products to current market segments without changing the product.
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Answer: Please refer to Explanation
Explanation:
1. Inflationary Gap.
Due to the availability of more disposal income due to tax cuts, more amount is being spent on consumption leading to a rise in actual GDP which is more than the potential GDP as the economy has not adjusted.
2. Output Gap.
This is the difference between the Actual GDP and the Potential GDP.
3. Demand Shock
This increases or reduces Aggregate Demand due but only temporarily.
4. Recessionary Gap.
This is where actual GDP falls below Potential GDP.
5. Supply Shock.
Like a demand shock, it suddenly increases or reduces the supply of goods and services. It is temporary as well.
6. Self Correction
Economists believe that in the long run, the Economy is capable of adjusting to shocks and returning to it's potential and natural levels.
Answer:
An action plan to achieve specific long term goals and objectives. based on the plans formed later resources are allocated. But initially long term goals and objectives are to be framed which is the main objective of strategic planning.
Answer:
Sell the parts without any processing because the profit is higher ($20,000 vs $15,000)
Explanation:
they have two options:
- option A, sell the parts as they are and make $20,000 in profits (= $120,000 - $100,000).
- option B, further process the parts by spending $75,000 and sell them for $190,000, and make only $15,000 in profits (= $190,000 - $100,000 - $75,000).
The best option is A, to sell the parts without any processing because the profit is higher and they do not have to spend more money.
