I believe the correct answer from the choices listed above is the second option. The price of a good be most likely to increase when a <span>rise in demand happens too quickly for producers to increase production to keep up. Hope this answers the question. Have a nice day.</span>
Answer:
The answer is option B) without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Explanation:
The financial plan of an organization also known as financials is a record used to determine how a business will afford to achieve its strategic goals and objectives.
The Financial Plan collates each of the activities, resources, equipment and materials that are needed to achieve these objectives and specify time frames involved.
A financial plan contains a sales forecast, expense budget, cash flow statement, income projections, asset and liabilities, depreciation table, break even analysis and pre-operating costs. It shows whether the firm is making profit or running at a loss.
It is usually prepared in a spreadsheet.
This plan is what the bank and investors will need to evaluate your business.
Without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
The analytics models and data that could be used to make good recommendations to the retailer as well as the shelf space is given below.
<h3>The The analytics models and data analysis?</h3>
Step 1: To determine the typical number of units of a product sold each week after removing seasonality and random fluctuation.
Info on:
- Time series information
- The quantity of a product sold
- The application of exponential smoothing
Step 2: Make the best use of the limited shelf space for each product in the store:
The use of: Information about the product's price, surface area per unit, total amount of shelf space in the store, name, and profit per unit sold. Data analysis using optimization models
Step 3: Determine complementary goods to bundle in order to boost sales of both goods. Information on: Products offered, products previously acquired, and the application of K means clustering.
The company need to have a large shelf space so that they can be able to maximize their sales or their profit.
Therefore, The placement of a product in a store can have a significant impact on how well it sells. The success of its retail operation heavily depends on how much room is allotted to different product categories and products. Given the significance of shelf space locations, it is crucial from a retailer's perspective to make sure that retail space is maximizing value for the shop.
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Answer:
Continuous manufacturing organisation
Explanation:
Continuous production uses a production plant to manufacture a product continuously. It is also called continuous flow.
This is so called because the materials inputted in the production process is in continuous motion as it moves through the production line.
The products tend to be similar or standardised with no distinguishing features. For example cement, fertiliser, and sugar
Answer: Increase American production of steel (B)
Explanation:
A quota is a numerical limit on the amount of units of a product that can be imported. A quota is a form of protection or trade restrictions used by a country.
Like every other forms of trade protection such as tariffs, embargo etc, the quota is used by a country to help it's infant and local industries to grow, provide employment opportunities for it's people and also lead to economic growth.
If a quota is placed on imported steel, there'll be a reduction in the number of steel imported into the country and this will lead to a rise in the number of steels produced by American firms.