Answer:
C) earning an economic profit.
Explanation:
Since the market is in long run equilibrium, the demand = the supply of haircuts, and an increase in the quantity demanded will increase the equilibrium price in the short run, generating economic profits at least until more suppliers enter the market and long run equilibrium is established again. Economic profit doesn't exist when the market is at long run equilibrium.
*Economic profit = accounting profit - implicit costs. So economic profit being $0 in the long run doesn't mean the businesses are not making an accounting profit.
The digital tabloid market is at the stage of product life
cycle of innovation. It is because it has been researched that there was a
presence of explosion in digital tabloid market that depicts of having to show
its popularity and bringing change amongst the people and in the generation—making
it to be innovated.
Answer:
Foreign outsourcing
Explanation:
Foreign outsourcing is a business practice by which a company based in a certain region or country hires another company outside of the region to produce good and perform services that could have been done within. We could also define it as the importation of products or service that could have produced domestically. Most times foreign outsourcing are done to reduce cost of production or service delivery, but one common risk that could be experienced in foreign outsourcing is the loss of control over the goods produced or the services provided.
Therefore, the strategy by Quistor Inc. illustrates foreign outsourcing.
Answer: Customer group
Explanation:
The main role and responsibility of the customer group is that it aggregate the customers and this type of group basically interact with the customers about the requirement of the specific customer and tell them about the best deal that is available.
They usually help the customer and solve their all the doubt regarding the issue. The customer group is basically refers to the coupon group of members. It is also sometimes known as the customer group.
According to the question, the customer group basically allow the spring filed for serving the borrowers the best loan deal available in the market according the customer requirement.
Answer:
Food cost ratio=0,275
Labor cost ratio= 0,25
Total Cost ratio=0,525
Contribution Margin (profit) for the food cost= 9500
Range for a good overall food cost for a restaurant operation=28% - 35%
Part 2:
beverage cost ratio=0.23
range for a good overall liquor cost= 18%-23%
Explanation:
Food cost ratio=Food Cost/Food Sales
=$5500.00/$20000.00=0,275
Labor Cost Ratio = Labor Cost/Food Sales
$5000.00/$20000.00=0,25
Total Cost ratio= ($5500.00+$5000.00)/$20000.00= 0,525
Contribution Margin (profit) for the food cost? Total Sales--Total Costs
=$20000-($5500.00+$5000.00)=9500
What is the range for a good overall food cost for a restaurant operation?
28 % to 35% range
Part 2:
Beverage cost ratio? Beverage Cost/Bar Sales = $1500.00/$6500.00
=0.23
Range for a good overall liquor cost? 18% to 23% range
