1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A bed mart company is in the business of manufacturing beds and
vladimir1956 [14]

The maximum daily profit for the company is $860

<h3>What is an inequality</h3>

Inequality is an expression that shows the non equal comparison of two or more variables and numbers.

Let x represent the number of bed and y represent the number of pillow, hence:

4x + 2y ≤ 40    (1)

Also:

2x + 4y ≤ 32   (2)

From the graph, the solution is at:

(8, 4)

Profit = 80x + 55y = 80(8) + 55(4) = $860

The maximum daily profit for the company is $860

Find out more on inequality at: brainly.com/question/24372553

3 0
2 years ago
Tammy's take-home pay is $800 a month. 7% of her take-home pay is spent on her cell phone bill. how much is tammy's monthly cell
ioda
Pretty sure its $56. Hope that helps
3 0
3 years ago
Read 2 more answers
Organic Eats provides an organic, vegan menu. Since there are very few restaurants that offer the same unique services, customer
Sphinxa [80]

Answer:

Focused differentiation strategy

Explanation:

A focused differentiation strategy is used by organizations that concentrate on having products that have a unique feature that fulfills the needs of a specific target market that is willing to pay more for these products. According to this, the answer is that in this scenario, Organic Eats is following a focused differentiation strategy.

3 0
3 years ago
Assume the real rate of return is 3.37% and the inflation rate is 1.47%. Find the nominal rate of return using the exact formula
Citrus2011 [14]

Answer:

4.89%

Explanation:

Real rate of return = 3.37%

Inflation rate = 1.47%

The nominal rate of return is computed as shown below:

= [ (1 + real rate of return) x (1 + inflation rate) ] - 1

= [ (1 + 0.0337) x (1 + 0.0147) ] - 1

= (1.0337 * 1.0147) - 1

= 1.04889539 - 1

= 0.04889539

= 4.889539%

= 4.89% approx.

7 0
3 years ago
Economic problem you face as an individual​
Stells [14]

Answer:

I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!

Explanation:

Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.

Hope this helps.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Why does the pricing strategy need to reflect the marketing strategy?
    13·1 answer
  • _________ is the technique of creating drawings using rulers, compasses, and computers to communicate how something functions or
    15·1 answer
  • HELP HELP HELPPPPP plz plz plz I have noooo idea
    11·1 answer
  • Which of the following federal agencies is responsible for enforcing title V2 of the civil rights act
    14·1 answer
  • Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but it
    15·1 answer
  • The “Beijing Consensus” approach to economic development, a model based on China’s rapid economic growth, implies a. experimenti
    8·1 answer
  • The probability that a 80-year-old female in the U.S. will die within one year is about 0.048711. An insurance company is prepar
    12·1 answer
  • Suppose you started a new job recently. While you were completing your employee information forms online, you noticed that you m
    14·1 answer
  • The job order cost system for a service business includes all of the following except a.materials and supplies inventory. b.cost
    8·1 answer
  • Hierarchy is the means of coordination in which independent agents adjust their actions in response to information and incentive
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!