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RideAnS [48]
3 years ago
11

Orange juice and cranberry juice are substitute goods. An increase in the price of orange juice results in a(n)______________. a

. increase in the demand for orange juice b. increase in the supply of cranberry juice c. increase in the quantity demanded of orange juice d. increase in the demand for cranberry juice e. decrease in the quantity demanded of cranberry juice
Business
1 answer:
dmitriy555 [2]3 years ago
8 0

Answer:

Letter d is correct. <u><em>Increase in the demand for cranberry juice.</em></u>

Explanation:

<u>Substitute products</u> are those that can be replaced by other products that are not similar but and which meet the same needs as customers may have greater benefits or a lower price offer.

This concept is presented by <em>Porter</em> as a model of competition analysis that influences business strategy, called <em>Porter's 5 forces</em> that, in addition to other variables, analyzed substitute goods and how they contribute to market division.

Therefore, in this question, when the price of orange juice increases, the demand for cranberry juice increases as it is a substitute product

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In 2007, five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their pr
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Five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their production in the year of 2007. This kind of organization is an example of cartel. A cartel is an organization shaped from a official arrangement among a group of manufacturers of a good or service to standardize supply in an exertion to regulate or manipulate prices. In addition, a cartel is an assortment of otherwise independent businesses or countries that serve together as if they were a single producer and are able to fix values for the goods they manufacture and the services they render in deprived of competition.
4 0
3 years ago
A company's net sales were $738,800, its cost of goods sold was $246,020 and its net income was $68,200. Its gross margin ratio
ikadub [295]

Answer:

5

Explanation:

8 0
3 years ago
Tom is trying to save money by having a telephonic conversation with an important customer instead of flying in to talk to him d
Katyanochek1 [597]

The answer in the given spaces provides is; effectiveness and efficiency.

Tom is trading communication effectiveness because he chooses to call the customer and that he is trading it with communication efficiency because it is more efficient if he is to engage of flying and talking to the customer directly.

7 0
4 years ago
Chrystal Company incurred the following costs for the months of January and February: Type of Cost January February Insurance $
Rudiy27

Answer:

$0.6 per unit

Explanation:

The computation of the variable rate per unit of output is shown below:

But before that first we have to determine the variable cost which is

= Total utilities cost - fixed cost

= $2,600 - $2,000

= $600

And the number of units produced is 1,000 units

So, the  variable rate per unit of output for utilities cost is

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3 0
3 years ago
Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%
Kobotan [32]

Answer:

The total loan value would be of $261,825

Explanation:

In order to calculate how expensive of a home can Tedd purchase using a 4%, 30 year mortgage we would have to calculate first the amount of annual payments as follows:

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FV = 0

rate = 4%/12

N = 30*12

Hence, use FV function in Excel  amount after down payment = $209,461.24

this represents 80% of the loan , so total loan value = $209,461.24/0.8 = $261,825

The total loan value would be of $261,825

3 0
3 years ago
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