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Dmitrij [34]
3 years ago
5

Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one​ day, nancy and chu

ck get together and decide to drastically raise their prices. this is an example of​ _______.
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

<span>Price fixing</span>

This is a practice whereby rival companies or participants in a similar  market reach an illicit agreement not to sell goods or services below a certain price or maintain the market conditions such that the price is fixed at a certain point.

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What occupational group falls under the service occupation cluster
Leokris [45]
Service occupations include such categories as food services, child care, home installation, maintenance and repair, etc. 
3 0
3 years ago
Explain the difference between the law of diminishing marginal returns and the law of dininishing marginal rate of techinal subs
leonid [27]

Answer:

The primary difference between those two concepts is focus that each term has. The first one focus on the relationship between the level of production and the level of return. While the second one focus on the relationship between the level of production and the amount of factors used for that production.

Explanation:

One the one hand, the law of diminishing marginal returns is a concept known in the microeconomics theory due to the fact that it establishes the relationship between the productivity and the income for every aspect of it. Meaning that, when the productivity increases because of the increase of only one factor of production then the income will start to slowly decrease, confirming that when only one factor is increased the production will start to be incomplete and the return will decrease for that.

On the other hand, the law of diminishing marginal rate of technical substitution indicates the relationship between the level of output and the different factor used to produce. Meaning that, it shows how to keep the level of output the same while making changes in the amount of factors used.

3 0
3 years ago
What is one way investment consultants protect their clients’ money during periodic performance reviews?
mixas84 [53]

Answer:

Investment consultants check that the portfolio manager's performance was based on skill investing in the agreed-upon stocks or sectors

Explanation:

because it is

6 0
3 years ago
The term value chain refers to the idea that a company is: Group of answer choices The producer of a series of customer-valued p
wel

Answer:

A series of activities that transform inputs into products that customers value.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.

The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.

Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.

On a related note, a value chain refers to the idea that a company is a series of activities that transform inputs into products that customers value.

4 0
2 years ago
Zirconia Fantasy sells only necklaces. 8 comma 000 units were sold resulting in $ 240 comma 000 of sales​ revenue, $ 60 comma 00
Naya [18.7K]

Answer:

$66,667

Explanation:

Contribution margin = Sales Revenue - Variable cost = 240000-60000 = 180000

Percentage of contribution margin = Contribution margin / sales revenue = 180000 / 240000 = 75%

Breakevent point in total sales = Fixed costs / Percentage of contribution margin

= 50000/0.75 = $66,667

3 0
3 years ago
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