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Alika [10]
3 years ago
11

All of the following statements about agriculture in market economic systems are true EXCEPT

Business
1 answer:
MAXImum [283]3 years ago
3 0

Answer:

B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.

Explanation:

A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.

Cheers.

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Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets
Jet001 [13]

Answer:

1. $9.07

2. $25.5

Explanation:

(a) Total Cost:

= 260,000 × 60% (Wages and Salaries) + 60,000 × 50% (Other Overhead)

= $186,000

Cost of Wages and Salaries and Other Overheads Charged to Each Bouquet:

= Total Cost ÷ Total Bouquets

= $186,000 ÷ 20,500

= $9.07

(b) Total Cost:

= 260,000 × 30% (Wages and Salaries) + 60,000 × 40% (Other Overhead)

= $102,000

Cost of Wages and Salaries and Other Overheads Charged to Each Delivery:

= Total Cost ÷ Total Delivery

= $102,000 ÷ 4,000

= $25.5

6 0
3 years ago
After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by ___
elixir [45]

After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.

<h3>What is global market?</h3>

Global market involves planning, producing, placing, and promoting a business' products or services in the worldwide market.

It is not limited to specific geographic locations but rather involves the exchange of good, services, and labor anywhere.

Examples of global markets are :

  • Fast-moving consumer goods
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  • Banking,
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Hence, a firm will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.

Learn more about global market here : brainly.com/question/20860719

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2 years ago
What are some of the financial challenges that individuals face when they first live on their own?
Artyom0805 [142]
Paying rent, paying for food, maintaining health care.
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3 years ago
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Why would the government allow companies to buy and sell permits that allow companies to emit specified amounts of pollutants
Arturiano [62]

Answer:

To removes bias in the allocation of emissions rights.

Explanation:

The government allow companies to buy and sell permits in order to removes bias in the allocation of emissions rights. These permits are given to the companies that allow other companies to emit a specific amount of pollutants from their industries. If there is no permits given to companies so these companies emits huge amount of pollutants which pollute the whole environment.

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