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Art [367]
2 years ago
7

Select which of the ways that entrepreneurs improve the economy is being described:

Business
1 answer:
Ugo [173]2 years ago
7 0

Answer:

Select which of the ways that entrepreneurs improve the economy is being described:  As a family's basic needs are met, jobs are given to the people who help provide these needs.

new business

Explanation:

Entrepreneur improves the economy by starting a new business, they are employer of labor and improves the economy

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Sunnyside Travel, Inc. is a travel agency that specializes in destination wedding vacation packages. It has packages ranging fro
Naya [18.7K]

Answer:

Mass customization

Explanation:

Mass customization is a business approach that focuses on providing customized goods and services to customers. It is a strategy that requires flexibility, integration, and personalization to make customized products that suit each customer's needs.

The biggest challenge with mass customization is the cost element. A business needs to have sufficient customer orders to deliver quality customized products at a competitive price.

Mass customization is the availing of tailor-made products, unique and to each customer's liking. By allowing each customer to set their preferences, Sunnyside Travel is involved in mass customization.

6 0
2 years ago
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact
andreev551 [17]

Answer:

Explanation:

We know that

The manufacturing overhead would be comprised of

= Factory utilities + Depreciation on factory equipment + Property taxes on factory building + Indirect factory labor + Indirect materials + Factory repairs+ Factory manager salary + insurance on factory machine

The direct material would be the material which are used to make the product or we can say it would be directly related to the product

And, the direct labor includes the labor part which are making the products and in return they received the wages

So, the categorization is shown below:

1. salaries for assembly line inspectors  - Direct labor or manufacturing overheads

2. insurance on factory machine  - manufacturing overheads

3. property taxes on the factory building  - manufacturing overheads

4. factory repairs  - manufacturing overheads

5. upholstery used in manufacturing furniture  - Direct material

6. wages paid to assembly line workers  - Direct labor

7. factory machinery depreciation  -  manufacturing overheads

8. glue,nails,paint, and other small parts used in production  -  manufacturing overheads

9. factory supervisors salaries  -  manufacturing overheads

10. wood used in manufacturing furniture - Direct material

7 0
3 years ago
Answer the following questions​ (a) at zero output level if total cost is​ $100 what will be values of total variable cost and t
mr_godi [17]

Answer:

(a) Total fixed cost is equal to $100, while total variable cost is equal to $100.

(b) Total cost = $165; Average total cost = $41.25; Average fixed cost = $25; and Average variable cost = $16.25

Explanation:

A fixed cost is a cost that does not change as the output changes. It is usually incurred before production starts and it continues to be incurred when there is a production stoppage. It includes cost on plant and machinery, building, etc.

A variable is a cost that changes as output changes. It is not incurred when there is a production stoppage. It includes cost of material and labour.

Based on this we can answer the question as follows:

(a) at zero output level if total cost is $100 what will be values of total variable cost and total fixed costs

At zero output level, fixed cost is equal to total cost. Therefore, total fixed cost is equal to $100.

At zero output level, no variable cost will be cost. Therefore, total variable cost is equal to $100.

(b) At 4 units of output values of total fixed cost and total variable cost are $100 and $65 respectively. What are values for total cost, average total cost, average fixed cost and average variable cost?

Total cost = Total fixed cost + Total variable cost = $100 + $65 = $165

Average total cost = Total cost/Units of output = $165/4 = $41.25

Average fixed cost = Total fixed cost/Units of output = $100/4 = $25

Average variable cost = Total variable cost/Units of output = $65/4 = $16.25 .

4 0
3 years ago
How is a free-market economy different from a mixed economy?
liraira [26]
A free economy has a 100% open economy with very little government interaction however a mixed economy is open to the public but is semi-closely regulated by the government.
3 0
3 years ago
Read 2 more answers
Firms often consolidate industries through horizontal mergers and acquisitions to?
Brrunno [24]

Firms often consolidate industries through horizontal mergers and acquisitions to increase their market power.

<h3>What is market?</h3>
  • A market is a collection of systems, institutions, processes, social relationships, or infrastructures in economics that allow parties to exchange goods and services.
  • While parties may trade goods and services for money, the majority of markets rely on sellers providing their wares or services—including labor—to customers in exchange for payment.
  • A market, in this sense, is the mechanism by which the costs of goods and services are decided.
  • Markets enable distribution and allocation of resources in a community and facilitate trade.
<h3>What purpose do markets serve?</h3>
  • Markets are crucial.
  • They serve as the exchange mechanism for corporate stock and provide access to funds for firms.
  • Markets have a key role in how prices are set, how liquidity is transformed, and how businesses may meet customer wants.

Learn more about market here:

brainly.com/question/13414268

#SPJ4

3 0
1 year ago
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