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Marianna [84]
3 years ago
14

Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the

most expensive brand is probably also the best in terms of quality. Sam uses price as a _____ indicator of quality.
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer: completing the last sentence in question:

Sam uses price as a surrogate indicator of quality.

Explanation: From the question, Sam when making purchases, has a believe that the costlier goods posses more quality than other cheaper goods. Therefore he is indirectly taking price as a key indicator of quality or a replacement for quality.

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Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,
kifflom [539]

Answer:

$71,000

Explanation:

The computation of operating income is shown below:-

Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000 × $3.80) + ($68,000 × (100% - 30%))

= (43,000 × $3.80) + ($68,000 × 70%)

= $163,400 + $47,600

= $211,000

Loss in Income if part is bought = Total costs if company bought - Total costs originally

= $211,000 - $140,000

= $71,000

Therefore, Making profit will be more by $71,000 and for computing the Loss in Income if part is bought we simply applied the above formula.

8 0
3 years ago
Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows
Misha Larkins [42]

Answer:

The right response is "Business ethics".

Explanation:

  • An ethics framework that always considers the moral standards as well as problems that occur mostly in a corporation but also function as a guide for the behavior of people throughout the organization.
  • Meanwhile, corporation governments facilitate the collection of values and conventions governing as well as controlling the business of the company.
4 0
3 years ago
You own a pet-supply store with various category pages on your website, and you've set up a tracking template so you can manage
Licemer1 [7]
Dog Snacks.
You have to use something unique and different from other pages and other keywords you have. As well as you can still Identify it as a treat!
4 0
3 years ago
Claudia, a senior accountant, likes to work on her own and hence does not come out as a team player. She takes up all the work t
MrMuchimi
Overmanaging is the most evident mistake Claudia made as a senior accountant.
8 0
4 years ago
Suppose the number of firms you compete with has recently increased. You estimated that as a result of the increased competition
marysya [2.9K]

Answer and Explanation:

An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.

3-2/2 X 100 = 50%

The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666

The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67

3 0
3 years ago
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