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3 years ago

Tiffany owns a gift shop that carries clothing and memorabilia of local high school teams as well as

Business

1 answer:

dimulka [17.4K]3 years ago

6 0

Answer:

a. independent retailer

Explanation:

An independent retailer is a businessperson who owns and manages a retail shop. The retailer either has bought or started the business from the ground. He or she makes all the decisions relating to the business including staffing, sales, financing, and operation time.

An independent retailer has the freedom to decide the type of business and its location. Entry into this type of business is easy. Freedom to do what the retailer wants is one advantage of this type of business.

As the venture is privately owned, the independent retailer has full authority over the business, as if fully responsible for its success or failure. Many businesses of this nature will fail in the first years of operations, mainly due to the lack of a business plan.

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Smaller bags of items are generally priced lower per unit than larger bags.

Pepsi [2]

<span>B. FALSE yes
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3 years ago

One bag of flour is sold for $1.50 to a bakery, which uses the flour to bake bread that is sold for $4.00 to consumers. a second

ale4655 [162]

GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time.

Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.

The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.

In this scenario, the GDP for the two products being sold to a customer is $6.00.

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3 years ago

Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i

ycow [4]

Answer: Budgeted Raw Material to be consumed in July.

Quantity Price per pound Total

10,200 $6 $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

20% of upcoming month's sale.

If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = $\frac{2,040}{0.20} = 10,200\ pounds$

This basically means:

Total inventory required =

Quantity Price per pound Total

10,200 $6 $61,200

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3 years ago

How is the dual credit program different from the AP program?

olga55 [171]

AP courses are part of the College Board organization that requires students to take a rigorous test at the end of the course to potentially earn college credit. A dual credit course on the other hand is an official course at Loyola University Chicago.

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3 years ago

Read 2 more answers

In setting a product's , a business needs to take into account the costs of producing, distributing, and promoting the product a

Illusion [34]

When setting the price of a product, a company needs to take into account the costs of producing, distributing and promoting the product, as well as a profit margin.

<h3>How to set the product price correctly?</h3>

It is essential that the company align its needs and objectives with the characteristics of the market and its business, in order to define a compatible and competitive price. It is essential to analyze income and expenses to establish an optimal balance in the pricing process, revising the strategy whenever necessary.

Therefore, it is essential that pricing is aligned to the market, to the fixed and variable costs of the business, considering its needs and goals for the business to be well positioned in the market.

Find out more about pricing here:

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2 years ago