Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.
<h3>What is a supply curve?</h3>
A supply curve, in economics, is a graphic illustration of the connection between product charges and the quantity of product that a vendor is inclined and able to supply.
Product price is measured on the vertical axis of the graph and the number of products provided on the horizontal axis.
Therefore, Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.
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Answer:
6,000 units
Explanation:
The beginning inventory units are calculated below
We know
Number of units produced = Budgeted units sold + ending inventory units - beginning inventory units
35,000 units = 32,000 units + 9,000 units - beginning inventory units
35,000 units = 41,000 units - beginning inventory units
So, the beginning inventory units would be
= 41,000 units - 35,000 units
= 6,000 units
Answer:
Cheeses from England.
Explanation:
First, let us define what Marketing Mix is:
- This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.
The goal of a marketing strategy is to create awareness among the target audience.
Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.
It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.
The company president and product director will have to do what the customer wants.
Answer:
A) right; increase
Explanation:
In the case of the closed economy when the marginal product of capital increased so it also increased the investment due to which the shifting of the investment curve is rightward and this will result in increase in the real interest rate
So as per the given situation, the option a is correct
the budgeted production (in units) for 2022 will be 98,100
Production + opening stock= sales+ closing stock
Production + 7,500= 86000 + 19600
Production = 98,100
What do you mean by production budget?
The sales forecast and the anticipated amount of finished goods inventory to be on hand are combined to create the production budget, which determines the number of products that must be made (usually as safety stock to cover for unexpected increases in demand).
How important budgeting is in production process?
A production budget aids the business in planning output levels for varying demand times. A corporation can use the downtime to make an extra products to have on hand for a future period when demand increases if it anticipates that demand and production levels will be low in a month.
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