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3 years ago

What effect do rising input costs have on the price of a good.

Business

1 answer:

Genrish500 [490]3 years ago

4 0

Answer:

Explanation:

Inputs are the factors required for production to take place. They may include labor and raw materials. In economics, inputs are the four factors of production that include land, labor, entrepreneurship, and capital.

The final cost of a product is dependent on the costs of production. The cost of production is an aggregation of the cost of each input used in the production. For a company to stay in operation, it must meet all its production costs. These costs are spread to each unit produced. A high production cost will result in an expensive product. Should the cost of any of the input increase, then the overall cost of the products will rise.

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Locally manufactured Bubbles is a popular brand of detergent in Germany. However, with the entry of a foreign multinational into

Licemer1 [7]

Answer:

The best way for the producer of Bubbles to differentiate itself from the foreign multinational is to create a specific market focus or niches for itself.

Explanation:

By creating a dedicated and specific market niche, the producer of bubbles have a specific target market out of the whole market whom they can influence consequently differentiating themselves from the multinationals.

3 0

3 years ago

produces considerable inefficiency in the use of scarce resources. effectively harnesses the incentives of workers and entrepren

gladu [14]

Complete Question:

The market system:

A. produces considerable inefficiency in the use of scarce resources.

B. effectively harnesses the incentives of workers and entrepreneurs.

C. is not consistent with freedom of choice in the long run.

D. has slowly lost ground to emerging command systems.

Answer:

B. effectively harnesses the incentives of workers and entrepreneurs.

Explanation:

An economic system can be defined as a series of governmental or societal arrangements and a coordinating mechanism used for the allocation of available resources, economic inputs, goods and services across a particular country. The economic system differs according to the method used to coordinate economic activities and who the factors of production belongs to.

Generally, there are basically two (2) main types of economic systems and these are;

1. Command systems.

2. Market systems.

The market system effectively harnesses the incentives of workers and entrepreneurs because workers are able to engage in division of labor and are well compensated for their efficiency in service while the entrepreneur are usually rewarded with an increase in sales and profits.

The market system allows participants to have property rights such as trademarks, patents and copyright. Also, market systems are regulated by the competition among individuals (traders or entrepreneurs) and this gives direction to the market as they pursue self interests and are independent.

7 0

3 years ago

At the beginning of July, CD City has a balance in inventory of $2,550. The following transactions occur during the month of Jul

Gemiola [76]

Answer:

Inventory 1450 debit

Accounts Payable 1450 crdit

--to record purchase--

Inventory 120 debit

Cash 120 credit

--to record payment of freights--

Accounts Payable 400 debit

Inventory 400 credit

--to record returned goods--

Accounts Payable 1050 debit

Inventory 21 credit

Cash 1029 credit

--to record payment within discount--

Accounts Receivables 4100 debit

Sales Revenues 4100 credit

--to record sale--

COGS 2150 debit

Inventory 2150 credit

--to record COGS of the previous sale--

Cash 4,100

Accounts Receivables 4100

--to record collection--

Explanation:

For the purchase we must adjust teh invoice nominal as we are paying within the discount windows and also, there was returned goods.

Balance of the account payable:

1450 - 400 return = 1050

Then 2% discount: 1,050 x 0.02 = 21

Cash payement: 1,050 - 21 = 1,029

The sale do not have credit terms for discount neither a return thus, we don't have to make any adjustment to the invoice nominal the customer pay that amount.

3 0

3 years ago

Read 2 more answers

Businesses collect

Neporo4naja [7]

Businesses collect demographic information on where people live, what they buy, and how they spend their time. Businesses collect demographic information on where people live, what they buy, and how they spend their time.

8 0

3 years ago

Filter the data in place so that only rows where the category value is meals and the cost value is greater than 20 are shown. th

Anestetic [448]

Explanation:

To find :

Filter the data in order such that only rows where the sum of the type is food and the sum of the amount is greater than 20 are displayed. The selection of requirements has been set for you in cells a1:c2.

Now,

You clicked the Advanced button on the Data Ribbon Tab in the Sort & Filter Ribbon Section.

You tapped on cell A1.

You pressed the OK button in the Advanced Filter window.

4 0

4 years ago