Answer:
option D
Explanation:
the correct answer is option D
in a chain process which directly creates and delivers goods and services to the customer is known as a Core process.
Support process does not create any product or services it only assists in the execution of the process.
management process deals with planning, organizing and controlling.
hence, the correct answer is Core process.
Answer:
We cannot answer this question due to a lack of information:
Would this contract increase (or decrease) Campus Stop’s dollars of gross profit and its gross profit percentage?
all you need to do from here is to compare the figures i computed with the ones you supposed to be given.
Explanation:
Gross profit from contract in $ = Revenue from Contract - Costs
= $27,000 - $15,600
= $11,400
Gross Profit % = $11,400/$27,000
= 42.2%
We cannot answer this question due to a lack of information:
Would this contract increase (or decrease) Campus Stop’s dollars of gross profit and its gross profit percentage?
all you need to do from here is to compare the figures i computed with the ones you supposed to be given.
Answer:
D. Return to the original output and price level.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented. Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as aggregate demand (AD), aggregate supply (AS), inflation, and employment within a country.
Prestige pricing is a unique pricing method involving products which would actually generate less overall profit at lower prices than higher prices. As long as the product is views by the public as being "prestigious," it will be in greater demand at the higher price. If the price were lowered, the public opinion of the product would be lower and the product would be seen as less desirable. This results in the product selling less at the lower price than at the higher price.
