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mafiozo [28]
3 years ago
10

Fabtabtix, a designer clothing brand, has been selling clothes in the country of Grolania for over 30 years. With more number of

people becoming fashion-conscious, the sale of designer wear has increased. As a result, Fabtabtix's business has been rapidly growing over the past few years. In the context of the general environment, this scenario best illustrates the effect of the _________ on organizations.A) technological component
B) sociocultural component
C) political component
D) economic component
Business
1 answer:
user100 [1]3 years ago
6 0

Answer:

The correct answer is (b)

Explanation:

Socioeconomic cultural is one of the important factors that can help a business to grow and expand. Changes in socioeconomic environment can positively and negatively affects the sales. In this case of Fabtabix, the socioeconomic change has positively affected their business that is why it is growing over the past few years. Fashion conscious is a sociocultural component.

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Which one of the following statements is correct with respect to coinsurance used with commercial insurance policies? A. The rat
Grace [21]

Answer:

D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.

Explanation:

Coinsurance is the amount which is fixed cost payable by the insurance seeker in order to provide claim against the risk. The coinsurance rate is decided based on the risk nature. If the risk is high the coinsurance rate will be higher so that insurance coverage is maximum.

5 0
3 years ago
Junkyard Arts, Inc., had earnings of $593,900 for the year.
PIT_PIT [208]

Answer:

The basic EPS is $11.50

Explanation:

The basic earnings per share is the amount of net income that is earned per share of common equity or the amount of net income attributable to each share of common stock. The basic earnings per share (EPS) is calculated using the following formula,

Basic EPS = (Net Income - Preferred stock dividend) / Weighted average number of common shares outstanding

The preferred stock dividend for the period was = 7 * 2700 = 18900

Basic EPS = (593900 - 18900) / 50000

Basic EPS = $11.50

8 0
4 years ago
According to the _________ concept, a firm must (1) find out what customers want and provide it, (2) make sure everyone in the o
In-s [12.5K]

Answer: marketing

                                     

Explanation:  In simple words, marketing refers to the set of activities that are performed by an organisation with the objective promoting the products that they are offering in the market.

It focuses on providing the customer those products that increases their level of satisfaction to the maximum level. It involves ascertaining the needs of customers and then making a suitable product.

Thus, from the above we can conclude that the correct option is C.

5 0
3 years ago
If the government imposes a price floor on wheat at $5 and agrees to purchase any surpluses, how much will the government be for
eimsori [14]
<span>The answer is that the government will be forced to spend $15,000,000.
government imposes a price floor on wheat at $5 
there will be a surplus of $3,000,000
</span><span>the government will be forced to spend = $5 x $3,000,000 = $15,000,000</span>
7 0
4 years ago
A customer of a firm enters a foreign market by setting up a manufacturing facility. It tells its suppliers that they will need
marysya [2.9K]

Answer: Piggy backing

Explanation: Piggy back exporting is done by suppliers of a product and entails them supplying a certain function of the business only and just buying the actual product from local sellers. Another option can be that the supplier works with the local seller, and sells the seller's goods on behalf of seller for a commision. The suppliers are known as the carriers and the local sellers are known as the riders.

The customer entering the foregin market is the rider, and the suppliers supplying the parts ahd customer service is the carrier. The customer does not fully need to produce the product from scratch, and is able to acquire this from the suppliers who already have it. The custoemr, who is the rider, is thus able to "ride" on the back of the "carriers" back and ideas set in motion for their product.

6 0
4 years ago
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