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Eddi Din [679]
3 years ago
11

Wich best describes how consumers may benefit from specialization

Business
1 answer:
AlekseyPX3 years ago
8 0
What are the options?

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Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the p
artcher [175]

Answer:

c. Inelastic demand

Explanation:

Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.

Coffee and sugar are complementary goods. Usually, price fluctuation in one of them should affect the demand of the other. In this case, changes in sugar prices have not affected the demand for coffee. If price changes do not affect demand, then the product has inelastic demand.

7 0
3 years ago
Which of the following costs is an example of a Selling & Administrative (S&A) cost rather than a product cost? Group of
irakobra [83]

Answer:

The answer is B.

Explanation:

Option B. Wages of sales person are the example of a Selling and Administrative cost. Other examples are rents, distribution cost etc.

Option C is wrong. Wages of production machine operators is a direct wage. It will form part of cost of sales.

Option D is wrong. Insurance on factory equipment cannot be attributable to selling cost.

4 0
3 years ago
Assume that a country has a closed economy that has only three goods/services. That is, there is no trade with other countries,
postnew [5]

<u>Explanation:</u>

Given

Consumption = (10 x 30) = 300

Investment = (100 x 2) = 200

Government Spending = (500 x 1) =500

13. Total GDP for this economy = Consumption + Investment+ Government spending

=(10 x 30) + (100 x 2) + (500 x 1)

=$1000

14. Consumption % on GDP

= Consumption/ Total GDP x 100

=(300/1000) x 100

= 30%

15. Investment % in GDP

= Investment / Total GDP x 100

=(200/ 1000) x 100

=20%

16. Government spending % on GDP

=Government spending/ Total GDP x 100

=(500/1000) x 100

=50%

5 0
3 years ago
ability to think logically and to construct good arguments could help you in your career and in your daily life. T/F
ruslelena [56]

Answer: True

Explanation: The above statement relates to the importance of logic studying in day to day life and the value of critical thinking in making decisions affecting one's personal and professional life.

An individual having ability to think logically and construct  good arguments can have strong impacts on others around him or her by showing an attractive and strong personality.

Thus, from the above points we can conclude that the given statement is true.

8 0
3 years ago
3 select the correct answer. daphne handles the payroll and performance appraisals of employees. which business department does
siniylev [52]

Daphne handles the payroll and performance appraisals of employees, she belongs to Human Resource Department.

A overall performance appraisal, also known as a overall performance overview, overall performance assessment, improvement dialogue, or worker appraisal, every now and then shortened to "PA", is a periodic and systematic process whereby the process performance of an worker is documented and evaluated.

What is the overall performance appraisal?

A performance appraisal is a ordinary evaluate of an worker's job overall performance and contribution to a organization. Groups use overall performance appraisals to determine which personnel have contributed the maximum to the corporation's growth, evaluate progress, and praise high-accomplishing people.

What's performance appraisal instance?

A overall performance appraisal is the periodic evaluation of an employee's task overall performance as measured with the aid of the competency expectancies set out by way of the business enterprise. The overall performance evaluation frequently includes each the core competencies required through the organization and also the skills precise to the employee's task.

What is modern performance appraisal?

Current techniques of overall performance appraisal encompass 360 degree feedback, management by means of goals (MBO), mental appraisals, and the behaviorally anchored score scale (BARS), to call some.

Learn more about performance appraisal here :- brainly.com/question/7595736

#SPJ4

3 0
2 years ago
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