Answer:
C) Goods-producing firms focus on the flow of people, information, and services.
Explanation:
Goods-producing firms not necessarily needs to focus on the flow of people, information, and services, what is true is that firms use physical inventory because it's necessary to have available products to sale.
The facilities must be located close to raw material, suppliers, and labores if not the company will see the cost of sale increased by logistic costs.
Also it's important to have employees with strong technical and production skills so the company can get well products at the production line.
Answer:
C. <u>shortage</u>; <u>elastic</u>; <u>the same number of</u>
Explanation:
The law of demand states an inverse relationship between quantity demanded of a good and it's price.
Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price. When quantity demanded changes less relatively to change in price, it is termed as inelastic demand while when the change in quantity demanded is lot more than the change in price, it is termed as elastic demand.
In the given case, after the upper limit price has been capped and fixed, this would create a rush and tickets for the sports events would be sold off since the quantity demanded would rise.
This would result into a shortage since demand shall exceed supply and since the price cannot be raised above $50.
The more elastic the demand, more shortage of tickets it would result into and the same number of people will attend the events i.e the seating capacity is not increased.
Not paying attention to the road, listening to loud music (distracting), and TEXTING WHILE DRIVING. That is one of the leading causes of death.
Answer:
A) Product Market Stakeholders
Explanation:
Product Market Shareholders are the parties who the firm "Equal Exchange" shares its industry with including customers and suppliers
Equal Exchange's target group are customers and suppliers most importantly.
The net operating income as per the variable costing method is $14500
<u>Explanation:</u>
The unit product cost is = $18 + $10 + $4 = $32
Sales revenue ( $78 multiply with 8700 units) = $678600
Variable cost:
Variable cost of goods sold ( 8700 units multiply $32) = $278400
Variable selling and administartive (8700 units multiply $5) = $43500
contribution margin = $356700
fixed manufacturing overhead = $255200
Fixed selling and adminstrative expenses = $87000
Net operating income = $14500
<u>Note:</u> contribution margin is calculated after deducting sales revenue with variable cost
