What are the four components used to calculate Gross Domestic Product

Which of the following is an example of cannibalization?

icang [17]

Answer:

A. A toothpaste manufacturer adds a new line of toothpaste (that contains baking soda) to its product line.

Explanation:

Market cannibalization is explained to be a loss in sales caused by a company's introduction of a new product that displaces one of its own older products.

Introduction of a new toothpaste containing baking soda is a perfect example, because it will reduce or alter sales in the other brand units.

The cannibalization of existing products leads to no increase in the company's market share despite sales growth for the new product. Market cannibalization can occur when a new product is similar to an existing product, and both share the same customer base. Cannibalization can also occur when a chain store or fast food outlet lose customers due to another store of the same brand opening nearby.

4 0

4 years ago

The following are important reasons why we maintain our tools, implements,and equipment except: no

Anastaziya [24]

To assure the operational readiness of the tools, implements, equipment and

maximum return on investments.

5 0

3 years ago

Josiah was managing a factory in India, and had a decision to make. The factory used child labor, which he disapproved of, but h

Marina CMI [18]

Answer: ethical dilemma

Explanation: In simple words, ethical dilemma refers to a condition in which an individual in authority have to make a choice of accepting one alternative over other in which none of the alternative is fully acceptable from the point of ethics.

In other words, it can be defined as a situation in which two principles of ethical psychology conflicts with each other. In these conditions, authority making the decision can never be fully ethical and have to give priority to one of the principles involved.

Hence from the above we can conclude that the given case depicts ethical dilemma.

5 0

4 years ago

EA10.

antoniya [11.8K]

Answer:

The question is incomplete; the complete question is given below.

Selling Price per unit Variable cost per unit

Product $ $

Snowboards 20.00 170.00

Skis 400.00 225.00

Poles 50.00 20.00

Salvador's contribution margin is 46.2%

Explanation:

Contribution is the amount generated from the sales of a product to cover part of the total fixed cost.

Contribution is an important concept in decision making because it helps to determine the profitability of individual products where a set of products benefit from the same fixed cost. it helps in prioritizing the allocation of resources to different products based on their profitability .

Contribution per unit = Selling price per unit- variable cost per unit

Total contribution= Contribution per unit * units sold

Contribution margin ration: The proportion of sales realised as contribution is known as contribution margin ratio (CMR) . It represents the amount generated as contribution from every one dollar worth of sales. A 60% margin means that $60 is made as contribution from evry sales of $100, for example.

It is a calculated as follows:

Single-product scenario:

C.M.R= contribution per unit/ selling price per unit

Multiple-products scenario:

C.M.R= contribution from a mix / revenue from a mix

We shall use the multiple-products formula

Snowboard ski Poles Total

$ $ $

Selling price 320 400 50

variable cost (170) (225) (20)

Contribution per unit (SP-VC) 150 175 30

Cont from a mix (cont× unit) 1050 525 60

Revenue from a mix (SP× unit) 2240 1200 100

Contribution margin ratio= Cont. from a mix/ Rev from a mix

= (1050+525+60)/(2240+1200+100)

=(1635 / 3540) × 100

= 46.2 %

8 0

3 years ago

what are the sectors of the business environment, and how do changes in them influence business decisions

Brums [2.3K]

Answer:

Business is affected by different factors which collectively form the business environment. These include economic, social, legal, technological and political factors. ... Business environment are categorized into three main categories; internal environment; operational environment; and general/external environment.

6 0

3 years ago