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Trava [24]
3 years ago
10

Sales of Schwinn's apartment-sized exercise machine have experienced a steady climb; however, the profits have been negative. Th

e Schwinn exercise machine is most likely in the ____ stage of the product life cycle.
Business
1 answer:
Alchen [17]3 years ago
8 0

Answer:

<em>The Schwinn exercise machine is most likely in the</em> <u>introduction</u><em> stage of the product life cycle.</em>

Explanation:

The life cycle of a product is characterized by the phases:

1- introduction,

2- growth,

3- maturity

4- decline.

The first step is the introduction, which characterizes the product's insertion in the market, and includes business efforts to make consumers aware of the product. This phase has as its main characteristics the <u>low volume of production and sales.</u>

You might be interested in
If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. A
g100num [7]

Answer:

0.67

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If the family buys one can of soup, the opportunity cost is the frozen food forgone.

Opportunity cost of one can of soup = 60 / 90 = 0.67

I hope my answer helps you

8 0
3 years ago
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu
elena55 [62]

Answer:

Cost of land= 564,500

Explanation:

Cost of land = Purchase price - Salvage + Demolition cost + Land preparation

= 540,000 - 22,000 + 39,000 + 7,500

= 564,500

5 0
2 years ago
The _____ reports the financial position of a firm by identifying and reporting the value of the firm's assets, liabilities, and
Verdich [7]

Answer:

balance sheet

Explanation:

4 0
2 years ago
A company purchased land for $82,000 cash. Commissions of $8,000, property taxes of $8,500, and title insurance of $2,200 were a
AleksAgata [21]

Answer:

the amount that company should record the land is $97,600

Explanation:

The computation of the amount that company should record the land is shown below:

The Amount should be recorded for land is

= Purchase price + Commission + Property tax paid on behalf of seller + Title insurance

= $82,000 + $8,000 + $5,400 + $2,200

= $97,600

hence, the amount that company should record the land is $97,600

7 0
3 years ago
Patrick lives in a nation whose government embraces capitalism. He owns his own home and car, as well as his own business and bu
grin007 [14]

Answer:

The right to own private property.

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.

Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.

This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.

In this scenario, Patrick lives in a nation whose government embraces capitalism. He owns his own home and car, as well as his own business and building. Patrick maintains ownership due to the right to own private property.

5 0
3 years ago
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