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amm1812
2 years ago
13

When a person gains a benefit from a previously unauthorized act of an agent and does not deny the authority to act after learni

ng about it, this constitutes an agency created by:
Business
1 answer:
professor190 [17]2 years ago
4 0

Answer:

The answer is agency by Ratification

Explanation:

An agency by ratification is created when a person gains some benefit from a previously unauthorized act of an agent and the person, upon learning of the act, does not deny that the agent had the authority to perform the act.

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BruceCo is planning on selling backpacks for $100 each. The company can buy the backpacks for $30.00 and have them customized fo
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Answer: BruceCo would have to sell 220 backpacks

Explanation: The projection of a $10,000 profit can be calculated properly by the equation;

Revenue - Cost = Profit

There is a one-time set up charge of 1000 and this is a fixed cost (as it does not change regardless of how many units they eventually sell). Also they would be spending $30 to buy each unit and still spend $20 to customize each. So each unit would cost $50 to acquire. If they plan on selling each unit at the rate of $100, then the total revenue would be 100 times X (where X is the number of units sold). Therefore the profit can be better projected by the equation;

Revenue - Cost = Profit

100X - (50X + 1000) = 10000

100X -50X - 1000 = 10000

50X = 10000 + 1000

50X = 11000

Divide both sides of the equation by 50

X = 220

Therefore, BruceCo must sell 220 units (at least) in order to meet a $10,000 profit projection

4 0
2 years ago
A store that sells books and a store that sells tools are what type of competitors? (Select the best answer.) Indirect competito
boyakko [2]
These are known as indirect competitors
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3 years ago
According to the video, what are some common issues treated by Marriage and Family Therapists? Check all that apply.
ira [324]

Answer:

mental and emotional disorders, health and behavioral problems, relationship issues

Explanation:

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2 years ago
Which of the following falls in the category, "place" in the marketing mix?
inna [77]

Answer: trade shows

Explanation:

In marketing mix, the place is simply referred to as the process of movement if goods and services from the producer to the prospective consumers or consumers.

The place also refers to how ones good or service is bought and the place where it is being sold. The movement could be through intermediaries like distributors, the wholesalers, retailers etc.

In the above, the place will be the trade shows.

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