So that the goverment can make things like roads and buildings, as well as pay for things like public school, courts, prisons, colleges, hospitals, etc.
Answer:
The largest revenue the supplier can make under this deal is $24,151.2
Explanation:
Working file has been attached to help understand how the answer was derived. Some points to note in the sheet are:
- The sheet represents the following columns which are S. No., Chairs, Price, Total Revenue and difference in each revenue.
- As the no. of chairs rises the price is dropping by $0.2 in the entire order.
- However, at first this increase in order of chairs is beneficial even with the drop in the price of entire order.
- At the point, where chairs ordered are 348 and price is $69.4 the revenue is at its largest which is $24,151.2.
- After this point the increase in the no. of chairs is only decreasing the overall total revenue of the supplier.
A duty is a type of tax.
Consider the modern day examples of "duty free" shopping available in places like airports and certain tourist locations where people can purchase luxury goods without owing a tax to any country or locality.
Answer:
(C). Involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors
Explanation:
The focused low cost strategy is a business level strategy that <u>involves an organization choosing a segment or niche </u>within a large market and then <u>focusing its available resources on serving the needs of customers in that market segment.</u>
It requires the organization to operate at<u> low costs</u> so it can <u>offer prices of its products, lower than what competitors have to offer.</u>
Answer:
Nike buys a new machine that increases shoe production.
Explanation:
An economic investment is when you pay for new additions to the capital stock or new replacements for capital stock that has worn out.
It refers to the net additions to the capital stock of the society which consists of goods and services that are used in the production of other goods and services.
Addition to capital stock means an increase in buildings, plants equipments and inventories over the amount of goods and services that existed.