The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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What is the lettuce market?</h3>
- Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
- Since colonial times, lettuce has been farmed in the United States.
- The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
- Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
- In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
- Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.
As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
A Mortgage
A bank issues mortgage with interest typically over a long time for people to buy a house of constructing stuff.
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Answer:
a. demand assurances of performance from Massive.
Explanation:
When Silas Paving Co finds out about the sale of Massive Earthmovers assets to Phoenix Equipment corp, it should find out from Massive if there is still assurance of performance on their contract. If assurance is given by Massive that the contract still holds then Silas Paving Co does not need to worry.
If however there is no assurance from Massive then Silas will be able to take action against Massive for breach of contract.
Answer:
Rare
Explanation:
VRIO Analysis is an analytical technique for the evaluation of company's resources and thus the competitive advantage. VRIO comes from the initials of the evaluation dimensions: Value, Rareness, Imitability, Organization.
A resource is rare simply if it is not widely possessed by other competitors. When a firm has valuable resources that are rare in the industry, they are in a position of competitive advantage over firms that do not have the resource.
