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Mariana [72]
3 years ago
12

You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized co

mmodity; stores view your nails as identical to those available from hundreds of other firms). You are concerned about two events you recently learned about through trade publications: (1) the overall market supply of nails will decrease by 2 percent, due to exit by foreign competitors; and (2) due to a growing U.S. economy, the overall market demand for nails will increase by 2 percent.Based on this information, should you plan to increase or decrease your production of nails
Business
1 answer:
Viktor [21]3 years ago
7 0

Answer:

On the basis of given information, I'll increase my production of nails.

Explanation:

The reason for increase in production of nails are as follow:

  1. The fact that overall market supply of nails will decrease by 2 % due to exit by the foreign competitors that means my competition will decrease and it will increase the market share for me.
  2. The fact that the overall demand of nails will increase by 2 % means that now I can increase my production in order to meet the supply and demand gap.

These two facts show that it is good opportunity to increase the production as the demand has increased and competition has decreased.

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How to calculate gross margin Description AmountNumber of units sold 800 unitsSelling price per unit $500 per unitCost of goods
shutvik [7]

Answer:

$200,000

Explanation:

The computation of the gross margin is shown below:

As we know that

Gross margin = Sales - cost of goods sold

= (800 units × $500 per unit) - (800 units × $250 per unit)

= $400,000 - $200,000

= $200,000

We simply applied the above formula so that the gross margin could come

And the other items which are mentioned in the question are to be ignored as they are not relevant

8 0
3 years ago
Suppose that the government of Ping's country hears of the working conditions and the country seizes the Quality Dragon plant wh
ella [17]

Answer: a. expropriation

Explanation:

Expropriation happens when privately owned property are forcefully taken by government for it to be used by the general public. It is an act of depriving people of their right to property, although expropriation is to the advantage of the general public. In most countries especially in the US expropriation occurs when there is a need to embark on certain infrastructural project such as airports, railroads, etc.

6 0
3 years ago
A(n) _____ is used to give background information about an organization, product, or service, whereas a(n) _____ is used primari
jolli1 [7]

The correct answers are the following; corporate site and commerce site.

corporate site is defined as a website of the business or corporate by which it differs from portal sites and e-commerce sites.

commerce site is a website designed for having to promote goods and services.

8 0
3 years ago
Frans paid R9600 as interest on a loan he took 5 years ago at 16% rate. What's was the amount he took as loan?
chubhunter [2.5K]

\bold{{Answer}}

Any choices?

3 0
3 years ago
Malcolm has several receipts from recent transactions that
Ipatiy [6.2K]

Answer:

$704.50

Explanation:

You add the 2 deposits together then you subtract the receipt into the answer of the 2 deposits and there you go.

4 0
3 years ago
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