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LenKa [72]
3 years ago
6

For each of the following pairs of firms, explain which firm would be more likely to engage in advertising.

Business
1 answer:
lions [1.4K]3 years ago
7 0

Answer:

The correct answers are:

a) Family owned restaurant

b) A manufacturer of cars

c) A company that invented a very comfortable razor

Explanation:

First of all, the family who owned a restaurant will be the one that would most likely engaged in advertising due to the fact that they provide a service that has to be known for the people of the community around the place and all the tourists that go that area, meanwhile the other familiy would obviously just sell its products to the better buyer that they could find.

Secondly, the manufacturer of cars would be the one that most likely engaged in advertising due to the fact that they found themselfs in a very competitive and oligopoly market that is the car market and therefore that they highly need to stand out their making them better than the ones from the competitors.

Finally, the company who invented a very comfortable razor would be the one who engaged more in advertising due to the fact that they known they have a better product that the rest of the competitors so they need to take advantage of that and make sure that the consumers know about it and with that they would sell more and therefore invest more in advertising as well.

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Sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. al
irakobra [83]

Answer:

Critique of advertising.

Explanation:

Advertising is a marketing strategy used by organizations or individuals to convince or persuade a consumer to buy their products.

It is used to promote goods and services using a multimedia channel such as television, radio, billboards etc.

Critique of advertising postulates that adverts usually urge or prompt consumers to buy products even when they don't need it.

6 0
3 years ago
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized
kondor19780726 [428]

Answer:

B. Take defensive strike action.

Explanation:

One of the functions of a trade union or labor union is to protect the interest of its members in a workplace. So, if a profit firm treats its workers poorly by underfunding contribution to workers pension as required under a collective agreement while paying out record bonuses to executives then attempts attempt to reduce workers pension entitlements, the union members will most likely embark on an industrial strike.

The aim of the strike is to halt daily operations of the firm until their demands are heard and an agreement is reached. The members of the union were treated unfairly by the firm by not honoring their pension funding agreement and to make matters worse the decided to try and reduce the workers pension.

If the members don't embark on the industrial strike, the firm would reduce their pension benefits. The most likely action of the union members would be to embark on a defensive strike action to protect themselves.

7 0
3 years ago
A coffee company wants a new flavor of cajun coffee. how many pounds of coffee worth 8 a pound should be added to 30 pounds of c
Keith_Richards [23]



Answer:

24 pounds of coffee worth 8 a pound should be added to 30 pounds of coffee worth 5 a pound to get a mixture worth a pound.

Explanation:

5 0
2 years ago
All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.
nalin [4]

Answer: D inflation adjusted, real

Explanation:

The GDP calculation acquired in the flow chart of $5,000 billion were all done after adjusting for inflation which means that they were in real dollars.

Inflation adjusted GDP enables more effective comparison between different periods as inflation tends to inflate the prices of goods and services and can make one think that the economy has grown more than it actually has.

When the value of GDP is inflation adjusted, it can then be seen just how much the economy improved or shrank.

3 0
3 years ago
Leather Company makes two types of women's handbags. Making a standard handbag requires 2 hours of labor while making a deluxe h
Rudik [331]

Answer:

C. $16 of overhead cost should be assigned to each standard handbag and $40 of overhead cost should be assigned to each deluxe bag.

Explanation:

Given that

Total indirect manufacturing expected = $52000

And,

Total hours required to manufacture handbags is

= (2,000 standard handbags × 2 hours) + (500 deluxe handbags × 5 hours)  

= 4,000 + 2,500

= 6,500

So,

Indirect cost per hour is

= $52000 ÷ 6500

= $8 per hour

Now

Cost allocated to standard handbags is

= $8 × 2

= $16

And, for deluxe handbag it is

= $8 × 5

= $40

6 0
3 years ago
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