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Arisa [49]
4 years ago
9

The difference between the maximum price a consumer is willing to pay for a product and the actual price the consumer pays is ca

lled
Business
1 answer:
sineoko [7]4 years ago
3 0

Answer:

The answer is consumer's surplus

Explanation:

Consumer's surplus is the difference between what the consumer or buyer is willing to pay and the amount he or she eventually paid.

For example, Mr A is willing to pay $100 for a product and the producer is willing to sell for $90. After much negotiation between mr A and the seller, he eventually paid $85. What he paid was lower than what he was willing to pay before.

So the consumer surplus is $100 - $85 = $15

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Select the correct statement from the following. Multiple Choice A fixed cost structure offers less risk (i.e., less earnings vo
ch4aika [34]

Answer:

Option C is correct.

A fixed cost structure offers greater risk but higher opportunity for profitability than does a variable cost structure.

Explanation:

Under a fixed cost structure, once the fixed costs are recovered the profitability increases at a higher rate than under a variable cost structure.

4 0
3 years ago
Read 2 more answers
The electronic invoicing and payment (EIPP) system for the B2B environment is similar to the electronic bill presentment and pay
charle [14.2K]

Answer:

a) True

Explanation:

Electronic bill payment and presentment (EBPP) can be regarded as process that is been utilized by

companies in collection of payments electronically by utilization of systems such as Automated Teller Machines (ATMs) as well as Internet and direct-dial access. This has turned to a core component of online banking as regards to some financial institutions today, some industries such as telecommunications and insurance providers make use of it.

Electronic invoicing and presentment payment (EIPP) can be regarded as process involving sending of electronic invoice to customers using the internet, as well as the ability of customers to be able to pay that invoice online also. It give a solution that brings about increased productivity, as well as given room for business owner to spend more time in developing their business as well as relationships with their customers.

It should be noted that the The electronic invoicing and payment (EIPP) system for the B2B environment is similar to the electronic bill presentment and payment (EBPP) system for the B2C environment.

3 0
3 years ago
Hector works as an office assistant for a small, five-person software development start-up. Since it is a relatively new company
gladu [14]

Answer:

The correct answer is letter "A": emotion-focused cognitive coping.

Explanation:

Emotion-focused cognitive coping is a practice by which individuals relieve stressful situations by looking at the bright side of the problem. emotion-focused cognitive coping can be positive when the stressors relievers result in beneficial activities for the individuals (<em>journalizing emotions</em>) or negative when they affect the individuals' lifestyle (<em>drug or alcohol abuse</em>).

7 0
3 years ago
You are tasked with generating twice the amount of qualified leads your company generated last quarter. With your company’s bott
alekssr [168]

Answer:

OPTION "b" will be the correct answer.

Explanation:

From the following is the most strategic approach to take is that you could increase the chances of your current traffic choosing to convert and move down your funnel. Over time, this has the potential to drastically lower your cost to acquire a customer and positively impact your return on investment. The option "b" fulfills the demand of the situation mentioned and this will be the most significant option to be selected while suffering the situation.

8 0
4 years ago
The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:
Nataly [62]

Answer:

b. Dec. 31

Income Summary 925

Fees Earned 750

Rent Revenue 175

Explanation:

At the end of each accounting period, the elements of the income statements which are the revenues earned and the expenses incurred are usually closed to the income summary account.

The revenue earned which is normally a credit balance is closed by debiting the account and crediting the income summary. The expenses are closed by crediting the account and debiting the income summary.

Hence if Fees Earned, $750, and Rent Revenue, $175,

Total revenue = $750 + $175

= $925

6 0
3 years ago
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