Answer:A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals. ... In most cases services are intangible, but products are not always tangible. difference between them is products are tangible objects that can be seen, felt and can be moved, whereas, services are intangible and cannot be moved. ... Key Features of a Product. The main character of a product is that it is a physical item that is tangible.
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Explanation:
Answer:
Since it is the supreme Court that has given this decision, there is nothing much an individual congressman can do alone or even a president.
However, since anti trust laws do not cover those which are not trade or Commerce in nature, a congressman can propose to inact new laws that cover Sports related economic activities. Or they can pass a new law to include the sports related financials in the anti trust laws. But this could change the structure and the purpose of anti trust laws.
Explanation:
Answer:
(A) Kleiner Merchandising Company:
Goods available for sale = $24,500
Cost of goods sold = $17,900
Gross profit = $3,600
Net income = $1,550
(B) Krug Service Company:
Net income = $16,300
Explanation:
(A) Kleiner Merchandising Company:
Goods available for sale:
= Beginning inventory + Net purchases
= $11,000 + $13,500
= $24,500
Cost of goods sold:
= Goods available for sale - Ending inventory
= $24,500 - $6,600
= $17,900
Gross profit = Net sales - Cost of goods sold
= $21,500 - $17,900
= $3,600
(b) Kleiner Merchandising Company:
Gross profit = $3,600
Net income = Gross profit - Expenses
= $3,600 - 2,050
= $1,550
Krug Service Company:
Net income = Revenues - Expenses
= $26,000 - $9,700
= $16,300
Answer:
2,500,000 million dollars to break even
Explanation:
Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.
<h3>What do you understand by the term need and want?</h3>
A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.
- Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a <u>Want</u><u>.</u>
- The new shoes would be considered a <u>Need</u> if Frankie did not have a pair of basketball shoes for the tryout.
Therefore, the above statement explains the want and the need.
Learn more about the want and need here:
brainly.com/question/13923283
