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weqwewe [10]
3 years ago
7

Dirt is not dirt when it comes to baseball fields.About two-thirds of the pro baseball fields got their dirt from a dirt farm in

New Jersey called Partac Peat.The company markets a secret mix for the infield (resilient),the warning track (extra crunchy),and the pitcher's mounds (firm).Mounds come in red,brown,orange,and gray colours.Roger Bossard,the White Sox head groundskeeper,scouted nationwide for dirt before settling on the mix provided by Partac Peat.(He uses sand under the grassy areas of the playing field. )
-Refer to Baseball Dirt.Some of the dirt sold by Partac Peat goes to make clay tennis court surfaces.As the number of people playing tennis increases,so does the demand for new clay courts and,therefore,the demand for Partac Peat clay.This occurs because the demand for Partac Peat is which of the following?
A) inelastic
B) intangible
C) heterogeneous
D) derived
Business
1 answer:
Harlamova29_29 [7]3 years ago
3 0

Answer: D) derived

Explanation:

Derived demand refers to a situation where the demand for a good or service is as a result of the demand in another good or service. For example, if the demand for mobile phones increases, the demand for lithium batteries will increase as well.

In the example, Partac Peat clay demand increases as a result of an increase in the demand for tennis playing therefore it is a derived demand based on the demand for the tennis.

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A higher price point should create value for the customer. The buyers need to know that they are paying for __________, or an un
nlexa [21]

Answer:

Differentiation.

Explanation:

The concept of value for the customer corresponds to the expectation that the product will meet the needs, desires and features that he expects.

The customer's perception of the concept of value is affected in rational and irrational ways, such as brand image, product performance, high price, etc.

Therefore, when a company offers a product at a higher price, it is passing on to the consumer the higher production cost of an item, which has features that add greater value and functionality, such as differentiation, personalization or an unforgettable customer experience.

Differentiated products are those produced in a more heterogeneous way compared to standard products, therefore differentiated products have distinct characteristics that add greater value, such as new features, technology, design, durability, style, etc.

3 0
3 years ago
1. According to Wallach, what is short-termism, and why is it a problem?
Aleks04 [339]

I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.

<u>Explanation:</u>

According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.

In his words, short-termism is a problem because;

  • "it prevents the CEO from buying really expensive safety equipment"
  • "prevents teachers from spending quality one-on-one time with their students".

So in summary what Wallach is saying is that short-termism prevents futuristic thinking.

6 0
3 years ago
The positive relationship between price and quantity supplied, other things being equal, is considered to be:________
Bas_tet [7]

Answer:

The answer is D.

Explanation:

The correct answer is D. universally true for all markets

Other things being equal, as the price of goods and services increase, producers/firms tend to produce more(this is the popular law od supply) inorder to take advantage of the high revenue.

Unlike demand, for supply, price and quantity supplied are directly related.

4 0
3 years ago
________ covers the expression of creative ideas such as documents, web content, movies, musical compositions, lectures, and com
nata0808 [166]

The best answer to the question is (D) copyright law.

Copyright law is defined as <u>exclusive rights that a creator has for his or her creations, which encompasses literary and artistic works, such as ones mentioned in the question: musical compositions, movies, web content, etc. </u>

The other options are unsuitable since <em>patent protection</em> is for inventions, <em>trademark theory</em> is for companies and their products, while<em> free-market case law </em>does not refer to an actual set of laws.

7 0
3 years ago
On april 1, griffith publishing company received $1,548 from santa fe, inc. for 36-month subscriptions to several different maga
Fudgin [204]
Given:
April 1 - <span>Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.
</span><span>
1,548 / 36 months = 43 per month.

Assuming that the amount is paid in cash.
       
                               Debit                  Credit
April 1:                       
Cash                     1,548
     Unearned Revenue                     1,548

April 30:
Unearned Revenue   43
      Revenue Fees                                 43

May 31:
Unearned Revenue    43
      Revenue Fees                                 43

June 30:
Unearned Revenue    43                
      Revenue Fees                                 43

</span>July 31
Unearned Revenue   43
      Revenue Fees                                 43

August 31:
Unearned Revenue    43
      Revenue Fees                                 43

September 30:
Unearned Revenue    43                
      Revenue Fees                                 4<span>3
</span>
October 31:
Unearned Revenue   43
      Revenue Fees                                 43

November 30:
Unearned Revenue    43
      Revenue Fees                                 43

December 31:
Unearned Revenue    43                
      Revenue Fees                                 4<span>3
</span>
Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161

Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees. 
3 0
3 years ago
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