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Ghella [55]
3 years ago
13

Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately g

oes out and buys up as many goods as he can for the next two weeks in order to prevent the money in his wallet from losing value. This is an example of the _______ of inflation.
Business
1 answer:
Lapatulllka [165]3 years ago
7 0

Answer:

The correct answer is "Shoe-leather effect"

Explanation:

shoe leather cost: In order to reduce the inflation, the people try to hold less cash on hand to reduce the tax inflation. The shoe leather cost refers to the value, in time and energy, of efforts intended to neutralize the effects of inflation.

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<span>During an economic recession when the income of consumers has decreased, the BP station (an all gas stations) will see a leftward shift in the demand curve. This will result in gas stations having to lower their prices. If they don't lower their prices, they will have a glut of gasoline that they can't sell.</span>
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3 years ago
The total sales of a product, by all competitors in the industry, is:____.a. highest in the introduction stage.b. lowest in the
irina1246 [14]

Answer:

The total sales of a product, by all competitors in the industry, is:____

e. lowest in the market introduction stage.

Explanation:

The product life cycle refers to the time period when a product is first introduced to a market until it exits the market.  There are four main stages in a product life cycle.  They include introduction, growth, maturity, and decline.  It is during the introduction phase that the total sales are lowest.  The low sales are witnessed again during the latter stage of decline.   The highest sales are achieved during the maturity stage.

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Sonic Corp. manufactures ski and snowboarding equipment. It has estimated that this year there will be substantial growth in its
Ne4ueva [31]

the answer is expansion. but im not sure A or B

5 0
3 years ago
Read 2 more answers
The unequal distribution of wealth, income, power, and poverty is called
OverLord2011 [107]

The answer to this question is social inequality. Social inequality is the unequal amount of opportunity and reward that is given to a person depending on their race, gender, age, or class. Social inequality can be categorized into 5 types such as political inequality, income inequality, life inequality, inequality of membership, and inequality of treatment.

5 0
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using a perpetual inventory system, what is recorded when a customer returns a product and gets the cash back and the product is
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A credit to cash, a debit to sales returns and allowances, a credit to inventory, and a debit to cost of goods sold are all recorded.

Perpetual inventory, commonly referred to as continuous inventory, is an inventory management system that uses software to automatically and constantly record each stock movement (such as purchases, returns, consumptions, and write-offs), keeping the system current at all times.

This contrasts with the need to manually update the system on a regular basis when utilizing spreadsheets or paper-and-pencil alternatives.

Barcodes, POS systems, radio frequency identification, and real-time reporting are used by perpetual inventory systems like MRP, ERP, or WMS software to track inventory movements and build a virtual trail of each transaction occurring in the physical inventory. This makes it possible to perform extremely accurate real-time inventory accounting, giving the business a current cost of goods sold at all times.

To learn more about perpetual inventory system from given link

brainly.com/question/25014592

#SPJ4

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1 year ago
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