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Liono4ka [1.6K]
3 years ago
10

In 1 or 2 sentences, explain the link between economic wants and preferences.

Business
2 answers:
garri49 [273]3 years ago
7 0
Economic wants are the products want if they had unlimited purchasing power while <span>economic preferences are compared to some goods which may not be necessary to purchase.</span>


andriy [413]3 years ago
4 0
<h3>Answer:</h3>

A connection within economic wants and preferences is regularly the essential necessities that are required for our everyday living. Preferences can be presented later determining the economic wants and primary requirements of the people included.

<h3>Explanation:</h3>

An economy is a field of the generation, dissemination, or business, and consumption of goods and assistance by different factors. Known in its wider sense, The economy is described as a social area that indicates the practices, discussions, and material representations connected beside the reproduction, use, and control of sources. Economic factors can be individuals, corporations, establishments, or governments.

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The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military
kap26 [50]

Answer:

A. Multifactor productivity

Original Value of output 2500 un. x $200/un. = $500,000 Value of input 2500 un x $120/un. = $300,000 Multi-factor productivity $500,000/$300,000 = 1.67 Overtime Value of output 4000 un. x $200/un. = $800,000 Value of input 4000 un. x $144/un. = $576,000 Multi-factor productivity $800,000/$576,000 = 1.39 Multi-factor productivity (1.67 – 1.39) / 1.67 = 16.8% decrease

B. LABOR PRODUCTIVITY

Original Value of output 2500 un. x $200/un. = $500,000 Input = (100 people x 40 hr/person) = 4000 hours Labor productivity $500,000/4000 hr = $125/hr Overtime Value of output 4000 un. x $200/un. = $800,000 Input = (100 people x 72 hr/person) = 7200 hours Labor productivity $800,000/7200 hr = $111/hr Labor productivity ($125/hr – $111/hr) / $125/hr = 11.1% decrease

C.GROSS PROFITS

Original $500,000 - $300,000 = $200,000 Overtime $800,000 - $576,000 = $224,000

$24,000 increase

5 0
3 years ago
Help. business management
Anastaziya [24]

Answer: The break-even point is 66 units.

Explanation:

The break-even point can be found by dividing total fixed costs by the difference between selling price and variable cost.

(fixed cost) / (sale price - variable cost)

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Salt & Battery must sell 66 units of product before breaking even.

3 0
3 years ago
Please tell me in 1 paragraph one way the world could change for the better? How could it be done? And why do you feel this way
SCORPION-xisa [38]

Answer:

The world can change by decreasing the carbon footprint of humans , stop global warming and to protect the ozone layer in the atmosphere. This can be done by decreasing the amount of coal we use and looking for other alternatives for electricity, planting trees, stop polluting the air with toxic gases by imposing laws on punishment for those who burn their trash. People should use transport and bicycles more than vehicles I feel this way because global warming is impacting the environment exponentially , and causing floods and droughts and other disasters .

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3 years ago
The stage of new product development in which potential customers are presented with a written or oral description of the produc
Neporo4naja [7]

Answer:

concept testing

Explanation:

The stage of new product development in which potential customers are presented with a written or oral description of the product to determine their initial attitudes and buying intentions is called concept testing.

Because:

The product developer needs to ask a group of people for their opinion about a new product or advertisement before offical lauching the their product in other to minimise failure rate

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3 years ago
Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that throu
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Answer:

a. Cash freed up by cash management:

= Amount received * speed increased by + Amount disbursed by speed reduced by

= 2,550,000 * 2 days + 1,110,000 * 1/2 days

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= $‭5,655,000‬

b. Interest on freed up cash:

= ‭5,655,000‬ * 7%

= $‭395,850‬

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