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2 years ago

What are the objectives of business

Business

1 answer:

grigory [225]2 years ago

4 0

Answer:

Defination-

A business objective is a result that a company aims to achieve.

10 Most Important Business Objectives

1. Getting and Staying Profitable

2. Productivity of People and Resources

3. Excellent Customer Service

4. Employee Attraction and Retention

5. Mission-driven Core Values

6. Sustainable Growth

7. Maintaining a Healthy Cash Flow

8. Dealing with Change

9. Reaching the Right Customers

10. Staying Ahead of the Competition

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Which of the following statements are true regarding externalities? (Check all that apply.) A. Deadweight loss can be either

ella [17]

Answer:

Explanation:

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

Another solution to negative externality is through the activities of charities. Charities can raise donations to limit or regulate the activities of firms that constitutes a negative externality.

6 0

2 years ago

If you are interested in buying a new pair of sneakers, you could go to Foot Locker where you will find several different brands

Viktor [21]

Answer:

a. contact efficiency

Explanation:

Contact efficiency is defined as the way by which businesses cut the number of transactions of stages that exist between a product and the final consumer.

Typically it results in a wide variety of options of goods and services to be available to the consumer in on place.

The consumer finds it easy to get what he is looking for and the supplier has a ready market for his goods.

In the given scenario Foot Locker effectively uses contact efficiency by making the consumer find several different brands of shies. At the same time, for companies that manufacture sneakers, selling through Foot Locker will make it easier to reach a lot of potential buyers.

3 0

2 years ago

On January 1, 2018, Brazos Company purchased equipment and signed a sixminusyear mortgage note for $ 186 comma 000 at 15%. The

kifflom [539]

Answer:

The journal entry to record the first installment payment will include a debit to interest expense of $27,900, mortgage notes payable of $21,248 and a credit to cash account of $49,148

Explanation:

For recording the first installment payment, we have to compute the interest amount which is given below:

Interest amount = value of Mortgage note × rate × year

= $186,000 × 15% × 1 year

= $27,900

Since we have to compute the installment for January 1, 2019, therefore, we take the one year period

Now, we have to compute the principal amount which equals tp

= Installment amount - interest expense

= $49,148 - $27,900

= $21,248

So, the journal entry would be

Interest expense A/c Dr $27,900

Mortgage note payable A/c Dr $21,248

To Cash $49,148

(Being payment of the first installment recorded)

7 0

2 years ago

The law of supply and demand asserts that

Anna35 [415]

Answer:

b. the price of a good will eventually rise in response to an excess demand for that good.

Explanation:

As more people are willing to purchase the good the price will rise. Because, the supplier can offer up to certain amount given their current production factors thus, this increase in demand is met with an increase of price. In the future this increase in price which generates more producer surplus will make more company’s invest in the business or the current ones will develop new ways of production to produce more and therefore; lowering the price.

6 0

2 years ago

When we do not get to know someone because we do not have to see that person in order to do our business, we often do not take i

torisob [31]

Answer:

Explanation:

This is a challenge posed by the facelessness that results from the use of new technology accessible in the workplace. This applies to any form of business that is either done completely autonomous or is done in an online format. Such a type of store is an E-commerce store, since all of the sales on this platform are done online, there is no face-to-face contact between the store owner/employees and the customers. Therefore, the store owners can make decisions thinking it is best for the store, but cannot fully understand the complete effect that it will have on the customers.

3 0

2 years ago

What are the objectives of business​

What are the objectives of business