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mars1129 [50]
3 years ago
10

Which of the following would be expected to cause the quantity of wool supplied to decrease? A. A decrease in the price of wool

B. A decrease in the number of wool producers C. An increase in the cost of raising sheep D. An increase in wages paid to workers in the wool industry
Business
1 answer:
kati45 [8]3 years ago
8 0

Answer:

B. A decrease in the number of wool producers

Explanation:

As number of wool producers decreases the quantity supplied of wool will also decreased. There will be less quantity of wool in the market and quantity of wool will also reduce relatively. All the other options does not effect the supply quantity of wool. So, the correct answer is B. A decrease in the number of wool producers

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Bengal Co. provides the following sales forecast for the next three months: July August September Sales units 5,000 5,700 5,560
nydimaria [60]

Answer:

Total production= 5,840 units

Explanation:

Giving the following information:

Sales in units:

July= 5,000

August= 5,700

September= 5,560

The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. The finished goods inventory on June 30 is 1,250 units.

To determine the production for August, we need to use the following structure:

Production budget:

Sales= 5,700

Desired ending inventory= (5,560*0.25)= 1,390

Beginning inventory= (1,250)

Total production= 5,840 units

7 0
4 years ago
As a business owner, explain the importance of scanning the internal and external environment of a business.
maw [93]

Answer:

1. Identification of strength

2.identificationof weakness

3. Identification of opportunity

4. Identification of threat

5. Optimum of use of resources

8 0
3 years ago
In the case of flexible resources, if the demand for an activity changes across alternatives, then resource spending will:______
zheka24 [161]

Answer:

D. Change and the cost of the activity is relevant to the decision.

Explanation:

Since flexible resources are supplied as needed, and their costs appear to be variable with demand, so change and the cost of the activity is relevant to the decision.

7 0
3 years ago
A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, genera
slega [8]

It is known as competitive advantage.

Competitive advantage refers to factors that allow a company to produce goods or services more efficiently or at a lower cost than competitors. These components allow the manufacturing unit to generate more sales or profits than its competitors in the market.

It is the favorable position that a firm seeks in order to outperform its competition.

Competitive advantages are classified into two types: comparative advantages and differentiated advantages.

A company's comparative advantage is its ability to manufacture something more effectively than a rival, resulting in larger profit margins.

A differential advantage occurs when a company's goods are seen to be both distinctive and of greater quality than those of a rival.

To know more about competitive advantage click here:

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5 0
2 years ago
Imagine that your country takes in $100 million each year in tax money but chooses to spend $500 million on various services it
Ivan
Answer: B


Explanation:


I took the test
5 0
3 years ago
Read 2 more answers
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