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
WARRIOR [948]
3 years ago
14

Type the correct answer in the box. Which marketing-related concept is described in the following scenario? The booming Industri

al Revolution brought about an increase in the manufacturing of products. There was a strong emphasis on manufacturing a large number of products at the most reasonable cost. This marketing concept is called the _______ .
Business
1 answer:
DanielleElmas [232]3 years ago
4 0

<u>Answer: </u>Production concept

<u>Explanation:</u>

Production concept is based on concentrating on the efficiency of the production and manufacturing. The basis of production concept is to make the goods available to the consumer at affordable prices. By producing in mass quantities the companies believed they can reduce the cost of production.

Also that supply can be increased when the cost of production is lower. Economies of scale can be achieved by the company when they reduce cost of production they can increase their profit earning capacity.

You might be interested in
Which situation is an example of comparative advantage in an international market?
Ede4ka [16]

Factories in Country A can produce the same number of tablets as factories in Country B, or the factories in Country A could be used to build more laptops than the factories in Country B is an example of comparative advantage in an international market.

<u>Explanation: </u>

The comparative advantage of manufacturing a good or service is smaller than that of other nations. Opportunity cost compensation measures.  

A country with a comparative advantage pays off. The benefits of buying are higher than the drawbacks.  

Perhaps the nation isn't the best producer. But for other countries, good or service costs are low.

For Example, Call centers in India. U.S. businesses buy the service because the location of the call center in America is cheaper. Call centers in India are no different than U.S. call centers. Their employees don't always talk very clearly in English. Nonetheless, they offer the service inexpensive enough to make the deal worthwhile.

6 0
4 years ago
Read 2 more answers
Lew Co. sold 200,000 corrugated boxes for $2 each. Lew's cost was $1 per unit. The sales agreement gave the customer the right t
Harlamova29_29 [7]

Answer:

a) $170,000

Explanation:

Total Sales = 200,000 X 2 = 400,000

-Sales Return = 400,000 X 5% = 20,000

=Net Sales = 380,000

-Cost of corrugated boxes = 200,000 X 1 = 200,000

=Gross Margin = 180,000

-Additional Cost = 10,000

=Operating profit = 170,000

8 0
4 years ago
Kathleen, a manager, is attempting to determine whether she has both the capability and the resources to produce one of several
tino4ka555 [31]

Answer:

<em>practicality</em>

Explanation:

Practicality can generally be described as the the real facts or details of a situation rather than focusing on ideas or theories.

Instead of assuming things, Kathleen, the manager is actual trying to look whether the company has enough resources as well as the caliber to make a product. Such an approach in the field of business is termed as practicality as the person depends on facts rather than theories or assumptions.

4 0
4 years ago
The biggest perk or benefit you will receive for donating to a charitable organization is:
Pepsi [2]

B - You can probably write the donation off on your taxes

Explanation:

Paying donations to the qualified charities can be able to get some benefits under Income Tax act., We can deduct donations which we make to the qualified charities. This can reduce our taxable income, but to claim the donations, We have to itemize our deductions under the Claim of charitable donations on Form 1040, Schedule A.

Qualified charities means those who are properly applied and got the legal  certificate for their registration and operations.

4 0
4 years ago
What kind of business organization are caleb and anna operating under now?
slava [35]

Answer:

Sole proprietorship

Explanation:

Sole proprietorship, general partnership or limited partnership

3 0
3 years ago
Other questions:
  • You buy a stock at $100 and sell it for $140;what is the percentage return if the margin requirement is 40 % and the interest ra
    10·1 answer
  • Joe's Juice Shop operates in a monopolistically competitive market. Joe's is currently producing where its average total cost is
    10·1 answer
  • A customer purchases 1 XYZ July 50 call @ 5. The customer will breakeven at which of the following market prices for the underly
    9·1 answer
  • What is the term used for the amount and number of raw materials, parts, and finished products that a company has in its possess
    14·1 answer
  • Therefore, what seems to have been the major cause of the dramatic change in the composition of earth's atmosphere of the past 4
    13·1 answer
  • On January 1, 2013, the Excel Delivery Company purchased a delivery van for $44,000. At the end of its five-year service life, i
    10·1 answer
  • ____________ is an example of a retailer whose merchandise mix is both wide and deep?.
    6·1 answer
  • HK Goods Inc. is a large conglomerate that operates only in its home country. The company competes in industries like the consum
    6·1 answer
  • Which pathway for acquiring training in information support and services skills is
    15·1 answer
  • Question 6 write an essay on the forms of ownership​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!