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amid [387]
3 years ago
13

An electronics manufacturer in Norway has developed a training program to train its support staff in foreign markets on the repa

ir and maintenance of its products. The firm also ensures that there is enough stock of spare parts in all its distribution centers. According to the Product Component Model, the company is making improvements in the ________ component of the product.
Business
1 answer:
Salsk061 [2.6K]3 years ago
4 0

Answer:

Support services.

Explanation:

An activity required for successful execution of a product or program or process is known as Support service.

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A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same
Nostrana [21]

Answer:

B. An oligopoly

Explanation:

An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.

Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.

A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.

A monopoly is when there is only one firm operating in an industry.

A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.

I hope my answer helps you

8 0
3 years ago
Read 2 more answers
Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.
olga2289 [7]

Answer:

April 1

J1

Trade Receivable -  Mann Company $5,500 (debit)

Revenue $5,500 (credit)

J2

Cost of Goods Sold $2,500 (debit)

Merchandise $2,500 (credit)

April 2

Merchandise $9,000 (debit)

Trade Payable - Wild Corporation $9,000 (credit)

April 4

Merchandise $1,000 (debit)

Trade Payable - Ryan Company $1,000 (credit)

April 10

J1

Discount Allowed $110 (debit)

Trade Receivable -  Mann Company $110 (credit)

J2

Cash $5,390 (debit)

Trade Receivable -  Mann Company $5,390 (credit)

April 11

Trade Payable - Wild Corporation $9,000 (debit)

Cash $9,000 (credit)

Explanation:

Note : Leiss uses the perpetual inventory system

Therefore,

Recognize the Cost of Goods Sold with each sale that is made.

7 0
3 years ago
Relative-price variability Group of answer choices rises with inflation, leading to an improved allocation of resources. rises w
LekaFEV [45]

Answer:

Correct option is <u>rises with inflation, leading to an improved allocation of resources </u>

Explanation:

Relative price variability has a direct relation with Inflation and an increase in Inflation leads to increased relative price variability and effective resources allocation.

7 0
3 years ago
Diminishing marginal utiliDiminishing marginal utility means that A. the price of two hamburgers is twice the price of one. B. t
4vir4ik [10]

Answer: C beyond a certain​ point, total utility decreases as income rises

  • Diminishing marginal utility means that beyond certain point, the total utility from consuming a good decreases, and increasing its consumption monotonically, makes that every additional unit of consumption delivers less utility each time.
  • This is because most behavioral consumers models try to emulate the principle of scarcity: the less available units of a good, the more it values.
  • Then, an increasing income would allow us to buy more and more goods, and because of the existance of diminishing marginal utility, we would get less utility from consuming  additional units of every goods each time.
  • As an <u>example</u>,one could think about eating chocolate. The first bar would give us much happiness (utility), but increasing the number of bars  consumed would eventually vanish this "happiness".

5 0
4 years ago
Read 2 more answers
A ground-dwelling plant grows along a chain-link fence
IrinaK [193]

Answer: Very instresting?

Explanation:

3 0
3 years ago
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