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inna [77]
3 years ago
14

Once a firm knows what it should produce what must it then decide

Business
1 answer:
Hunter-Best [27]3 years ago
8 0

Answer:

it should make a business plan.

Explanation:

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Agri-Cor sells farm equipment throughout the euro zone. The company has noticed that some customers travel to countries where eq
sergejj [24]

Answer:

These statements are correct:

  • It makes it easier to compare prices across Europe - the Euro is the common curriency across 19 countries, but prices in those countries are far from being the same. For example, Germany is a lot more expensive than Greece (although a lot wealthier too), and Greek people can easily find out that the same product in Germany costs more euros than in Greece.
  • It makes Europe an optimal currency area - in the Eurozone, economic efficiency is now higher because resources can be allocated across different countries thanks to the fact that prices can be compared in the region.

3 0
2 years ago
A company began its operations on April 1 of the current year. Budgeted sales for the first three months of business are $250,00
Mariana [72]

Answer:

Total cash collection May= $306,000

Explanation:

Giving the following information:

Sales:

April= $250,000

May= $320,000

June= $410,0000

The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.

<u>Cash collection May:</u>

Sales on cash May= 320,000*0.5= 160,000

Sales on Account May= (160,000*0.6)= 96,000

Sales on Account April= (250,000*0.5)*0.4= 50,000

Total cash collection May= $306,000

8 0
2 years ago
True or False: If Van's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decreasin
S_A_V [24]

Answer:

False

Explanation:

As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.

The supply and demand are inversely proportional and does not depend on change of price in a competitive market.

Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.

Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.

But since the change will never be in same proportion to change in price.

Thus, the statement above is false.

5 0
3 years ago
The business functions in the value chain​ include:
Juli2301 [7.4K]

Answer:

A. Research and​ development, Design of products and​ processes, Production,​ Marketing, Distribution, and Customer service.

Explanation:

The business functions in the value chain are:

-Research and development: Explore new ideas.

-Design of products and​ processes: Plan the new products, services and processes.

-Production: Transform all the resources to get the product or deliver a service.

-Marketing: Present and sell the product or service.

-Distribution: Deliver the product or service to the customers.

-Customer Service: Provide support to customers.

6 0
2 years ago
PROJECT: FARM SAFETY RULES
tigry1 [53]

The correct answer to this open question is the following.

The way I would explain the colors to Gerald is by sketching out an imaginary shop, including the colors to differentiate the areas Gerald could understand the way colors are used.

According to OSHA, the Occupational Safety and Health Administration, every factory, business, shop, and office must identify different zones of risk through the use of colors.

Signs with color red menas fired-related hazards, hot water, hazardous objects or machines, fire alarms, the sign of an exit.

Signs with the color yellow is to indicate "precaution." To be aware of, watch your step, stumbling, or tripling. It is a color to indicate precaution and avoid injuries.

Signs in orange are to identify potential risks with an added explanation. It is not too great a risk such as in the case of the color red, but it needs to communicate that there is a risk with consequences. Example: low clearance levels or electrical hazards.

The green color indicates general messages or important messages to be aware of. No specific risk or danger. Just to inform people to be alert. This color suggests good practices in the workplace.

The blue color indicates informative messages unrelated to risk practices.

Messages such as "show your ID all the time," or sign in, before entering."

6 0
2 years ago
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