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Vitek1552 [10]
3 years ago
5

True or False: If Hubert's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decrea

sing its price from $100,000 to $80,000 would result in the same change in the production quantity and, thus, total revenue.
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

False

Explanation:

In a perfectly competitive market the sales revenue is based on pricing also. As the pricing policy also plays an important role in the marketing technique to attract customers.

As the quality served is generally the same in the market, there is no issue in that but when the price is reduced expected sales will increase and accordingly the expected revenue also increases.

As the sales is expected to increase the revenue will also increase accordingly, even though the price is reduced, due to increase in sales quantity the expected change shall not be same as that of the change in price.

Thus, the statement is False.

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How would a customer sales force structure benefit Reliable Tools? A. It would help the company's salespeople become experts in
baherus [9]

Answer:

The correct answer is the option D: It would enable the company's salespeople to build close relationships with customers.

Explanation:

To begin with, if a company's salesforce structure is looking to improve the current situation with the clients and their sales then the major importance would be in the relationship that the company has with those clients that represent the company's major sales, therefore that with Reliable Tools the customer sales force structure would be able to build close relationships with the clients and therefore to improve the sales and that is why they would benefit from that.

6 0
2 years ago
Read 2 more answers
If an applicant is experienced, has a solid work history, and is staying within her field, the most effective format for her res
Pachacha [2.7K]

Answer:

The correct answer is letter "A": chronological.

Explanation:

Chronological resumes are useful for individuals with vast experience because it helps them list their most relevant academic and work background in the order they happened which could let recruiters see the professional growth curve of the applicant.

Even if there might be plenty of information to be included, applicants must only submit their most relevant experience in two pages as maximum.

8 0
3 years ago
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Appalachian Ski Shop signs a three-month note payable to help finance increases in inventory for the winter ski season. The note
kolezko [41]

Answer:

Interest Expense 696 Interest Payable 696

Explanation:

Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:

December 31, 2022

Dr Interest Expense $696

Cr Interest Payable $696

($34800*8%*3/12)

(To record interest expense accrued)

3 0
3 years ago
Based on the case and previous calculations, please answer the following short answer questions. Note: Your instructor will need
mezya [45]

Question Completion:

see Exhibit 4 attached.

Answer:

1. The largest and smallest divisions by net sales in 2017:

Largest divisions:

Fabric & Home care with 32%

Baby, Feminine & Family Care, 28%

Smallest divisions:

Beauty with 18%

Grooming, 11%

Healthcare, 11%

2. The one most important division in terms of the proportionate net earnings for the company is:

Fabric & Home Care

Explanation:

The two largest divisions generate 60% of the net sales of the company while the three smallest divisions generate only 40%.  In terms of the proportionate net earnings for the company, the two largest divisions also generate 53% of the net earnings of the company, while the three smallest divisions generate 47%.  The analysis shows that the company's financial sustenance is largely driven by the Fabric & Home Care division and the Baby, Feminine & Family Care division.  Another up-and-coming division is the Beauty division, which generates 18% of the net sales and 20% of the net earnings.

Download docx
4 0
2 years ago
A firm organized on the basis of retail customers and wholesale customers utilizes the concept of departmentalization by
lilavasa [31]

Answer:

Customer

Explanation:

In customer departmentalization, departments are basically separated from each other based on the types or groups of customers that needs to be handled or dealt with. For instance, customers can be classified under types such as, bulk purchasing or wholesale customers, retail customers, etc.

To handle them in a better way each group of customers needs different tactics and strategies. Therefore, customer deparmentalization serves the purpose of the firm that is organized on the basis of retail customers and wholesame customers.

3 0
3 years ago
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