1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ANEK [815]
3 years ago
9

How does a consumers right to be heard affect the producers of the goods they buy? List some examples.

Business
1 answer:
Norma-Jean [14]3 years ago
4 0

Answer:

It allows producer to collect data to understand consumers demand.

Explanation:

The right to be heard allow consumers to give their opinion about various features that they like or dislikes.

By gathering this information , the producers of the good can make adjustment in order to make their product become more desirable within their consumer base.

Examples:

- Let's say that customers bought a certain game. They want additional gameplay to be added within the game in order to make the game more fun. The developer could add that in their next update in order to enhance their customers' experience.

- Or Let's say that the producers sells various types of instant noodles. The data from the customers showed that a certain type of flavour tend to be dislike an unpopular among customers. the producer could stop the production of that flavour and cut off their cost of production.

You might be interested in
Which of these is a characteristic shared by both oligopolies and monopolies?a. Normal profits in the long runb. Significant bar
sveta [45]

Answer:

The characteristics which is shared among both monopolies and oligopolies is that they have significant barriers to the entry into the market.

Explanation:

Oligopoly market is the market structure which have  a small number of firms, and could not have significant influence. The market have the barriers for entering into the market.

Monopoly market is the one which have a market structure having a single seller, selling the unique product, faces no competition and no substitute available with customers. In this market, there is also barriers for entering into the market.

8 0
3 years ago
Journal entry<br>sold a part of machinery costing Rs.15000 at profit Rs.5000 <br>pplease HELP<br>me
QveST [7]

Answer:

To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:

-Goods exit = - $15,000

-Cash entry = $15,000

-Profit entry = +$5,000

6 0
3 years ago
Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, I
sleet_krkn [62]

Answer:

17.6%

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the rate of return on the stock by using following formula:-

Expected Provide Rate of Return = Estimate Rate of Return on the Stock + (Expected IP × Stock with a Beta on IP) + (Expected IR × Stock with a Beta on IR)

Before estimate rate of return on the stock

= 16% = α + (4% × 1) + (5% × 0.6)

= 16% = α + (0.04 × 1) + (0.05 × 0.6)

= 0.16 = α + 0.04 + 0.03

= 0.16 - 0.04 - 0.03 = α

α = 0.09 =9%

Rate of return after the changes

= 9% + (5% × 1) + (6% × 0.6)

= 0.09 + 0.05 + 0.036

= 0.176

= 17.6%

According to the analysis, New rate of return on the stock is 17.6%

8 0
3 years ago
What are the main advantages of volume-based allocation methods compared to activity-based costing?
GalinKa [24]

Answer:

A: Volume-based methods are more accurate and allowed by GAAP.

Explanation:

6 0
3 years ago
H&amp;R is a small, local heating and air conditioning business. The local military base is a potential source of growth, and H&
Lapatulllka [165]

Answer:

Market development

Explanation:

Market development can be defined as a growth strategy in which an organisation decides to sell off their existing goods to a new set of potential buyers. Market development helps to improve the capability of the market by moving into different unexplored part of the market.

The first step of market development is the creation of a good promotion approach. Organizations have to look for different advertising strategies which will be used to introduce their products into the new market so as to achieve rapid sales of the product.

H&R is considering a market development growth strategy so as to tap into new market segments.

6 0
3 years ago
Other questions:
  • Mcmurtry Corporation sells a product for $280 per unit. The product's current sales are 13,900 units and its break-even sales ar
    12·1 answer
  • jalbert incorporated planned to use materials of $11 per unit but actually used materials of $13 per unit, and planned to make 1
    15·1 answer
  • In the context of recruitment sources, referrals are people who apply for a vacancy without prompting from the organization. ( T
    6·1 answer
  • The corporate form of business
    5·1 answer
  • Cross Country Movers has just gone public. Under a firm commitment agreement, the firm received $19.84 for each of the 2.12 mill
    10·1 answer
  • Laurel, Inc., and Hardy Corp. both have 8 percent coupon bonds outstanding, with semiannual interest payments, and both are curr
    10·1 answer
  • The employees of an organization have heard rumors about rapidly dropping profits and impending layoffs. The grapevine is abuzz
    14·1 answer
  • Time management is primarily act of using time
    10·2 answers
  • Visit any retail store in your community and request a 20 minutes appointment to interview the owner or manager so that you can
    8·1 answer
  • The brooks' paid-off property sold for $247,600. what will they net after paying a 7.5ommission to their broker?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!