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Art [367]
4 years ago
9

become more self-sufficient by producing major components rather than buying them. produce goods and services with less of every

thing that goes into the process. keep inventories of finished goods as high as possible. produce a very limited variety of goods.
Business
1 answer:
lesya [120]4 years ago
4 0

Answer:

Become more self-sufficient by producing major components rather than buying them

Explanation:

Let look at company A, known to be one that struggles most of the time to order new parts that they need for operations. When the other company that they depend on to supply them (company A) with such required items fail to provide enough products or manufactured parts timely, then the first company could start recording huge losses in revenue because the inventory depletion would impact the sales volume negatively.  

The only way company A can arrest this situation is by reducing dependency on external suppliers. They would need to do their own –in-house manufacturing which helps them remain self-sufficient and also reduce daily operational costs.  

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Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman
salantis [7]

Answer:

The correct answer is option B.

Explanation:

An increasing-cost industry is that kind of industry where the cost of production increases as new firms enter the industry. It generally happens as the industry expands, the cost of inputs increases, because the input demand is increasing as well.  

An increasing cost industry has an upward sloping long-run supply curve. So when the demand increases, the new demand curve will intersect the upward sloping demand curve at a higher point. This will cause both the product price as well as the output level to increase.

3 0
3 years ago
Last year, Product H50E involved 9 customer orders, 666 assembly hours, and 77 batches. How much overhead cost would be assigned
Over [174]

Answer:

$5778.31

Explanation:

The correct answer is as follows:

Overhead cost = 9*31.62+666*2.86+77*46.61

= 5778.31

5 0
3 years ago
If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, then the price must have decreased by 3%. a.
PolarNik [594]

Answer: False

Explanation:

The price elasticity of supply measures the change in quantity supplied when the price changes.

The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.

Price elasticity of supply = %Change in quantity supplied / % change in price

0.5 = -6% / Change in price

0.5 * Change in price = -6%

Change in price = -6% / 0.5

= -12%

The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%

3 0
3 years ago
Parking costs are incurred regardless of how well an event does.
bulgar [2K]

Answer:

Fixed

Explanation:

The Answer is Fixed Parking because is depending on how the event changes on increasing or decreasing ticket pricing after the service revenue sold

7 0
3 years ago
From the following list, identify those that are likely to serve as source documents. (You may select more than one answer. Sing
boyakko [2]

Answer:

The Source Documents include:

Sales ticket  

Telephone bill

Invoice from supplier  

Bank statement

Explanation:

Source documents are the original documents through which business transactions are initiated.  They include receipts, bills, invoices, statements, checks, etc. They usually document or initiate a transaction. Any time a business spends or receives money or enters into a contract with another party, a source document is created. Source documents form an integral part of the accounting and bookkeeping process, and auditors need them to trace records to the underlying transactions.

7 0
3 years ago
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