By selling christmas trees from late november through december, home improvement is providing time utility.
This type of utility occurs when a company provides goods and services when consumers demand or need them. Companies analyze how to create or maximize the time utility of their products and adjust their production process, logistical planning of manufacturing, and delivery.
So when demand increases, the company should respond by producing and delivering more of the product to the market.
Economic utility is the total amount of satisfaction experienced when a product or service is consumed.
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Dummy or indicator variables typically are values of zero or one and are used to model the effects of different levels of qualitative variables. A qualitative variable, also referred to as a category variable, is a non-numerical variable. It describes information that can be categorized.
Examples include: Eye color (variables include: blue, green, brown, hazel). Qualitative variables, also referred to as category variables, are variables without a built-in notion of hierarchy. As a result, they are quantified using a numerical scale. A qualitative variable is, for example, hair color (Black, Brown, Gray, Red, Yellow). Numerical variables are the subject of quantitative data.
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Answer:
Protection of an infant industry is the correct answer.
Explanation:
Seven hundred and four women aged between 65 and 99 years (mean age 74.6 years), who were randomly selected from the community, took part in a study to determine whether health and lifestyle factors were associated with falls.
<h3><u>What exactly are fall epidemiology and fall-related injuries?</u></h3>
66.1 percent of the individuals had no falls in the year prior to the study, 19.7 percent had one fall, and 14.2 percent had two or more falls. As women aged, the percentage of falls occurring inside the home on a level surface increased and the percentage of falls occurring outside the home declined.
Trips, slips, and loss of balance were the most frequently reported reasons for falls. A small percentage (27%) of people who fell injured themselves, and the likelihood of injury rose with age. Significantly more falls occurred in people whose health and balance was judged as being impaired, who had limitations with daily living tasks, were receiving community assistance, used psychoactive substances, and were using four or more drugs.
Conversely, people who engaged in scheduled exercise and were active for seven or more hours per week saw fewer falls.
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Answer:
Calculation of budgeted Purchase for raw materials during April Month
Budgeted Production 120,000 units
Raw material Production required 360,000 ( 120,000 * 360,000)
Desired inventory for next month production
39,000 pounds (10% * 130,000 * 3 pounds)
Less: beginning inventory (36,000) pounds
budgeted purchases 363,000 pounds
