Answer:
<u>a. the relative distribution of sales among the products sold by a company.</u>
Explanation:
- A sale mix is a relative part or ratio of the business products are sold and as the companies products have different degrees of productivity they are also applicable to services.
- It thus can be expressed as the ratio of the products with each and every product compared to the overall volume of the product.
- Thus, if a company tries to get a new product which has a lower profit, then sells it very aggressively it will make a low profit where the total sales will be increased.
- Similarly, if a company selects to develop a low-profit line and push sales of a higher profit from the product line, then the total profits will then increase even as the total sales tend to decline.
Answer: a portion that reduces the outstanding loan balance & a portion that reflects interest
That statement is true.
In the cost-plus pricing approach, you add up all the cost needed for the product (material, direct labor, and overhead) and then calculate it with mark-up percentage in order to determine the price that you should set for your product.
Since cost per unit is determined by total products/total cost, sales volume played <span>a large role in determining per unit costs</span>
Answer: An individual cartel member has an economic incentive to sell more than its quota, thus cheating on the cartel agreement. However, if all cartel members sell more than their quotas, the cartel price will fall, and profits will vanish
Explanation: A cartel is defined as group of businesses or nations that collude to limit competition within an industry or market. Thus, a major purpose of a cartel is to drive up price and profits thus restricting market output. This restriction however, requires cartel members to sell no more than their given quotas which provides individual cartel member with economic incentives to sell more than its quota resulting in cheating and a breach of cartel agreement. This leads to a fall in cartel price and vanishing profits should all members sell above their quotas which is a direct contradiction to the purpose of cartels.
