Answer:
A. It is the point where the demand and supply curves Intersect.
Explanation:
Demand and supply curves determine the price of that particular product. The demand and supply curves are drawn from quantity in the horizontal axis and price in the vertical axis.
The demand can be described as the amount of goods or services that consumers buy at a given time at a particular price. The price usually dictates the quantity of goods that a consumer will be willing to buy depending on whether it is a want or need. Needs are goods or services that a consumer cannot do without, there demand are usually stable while a want is not priority that a consumer can do without. An increase in the price of a good or service for a want will definitely cause a reduction in the demand for the particular good or service since the consumers feel that they are paying too much for the service or good.
The supply can be described as the quantity of goods or services that the supplier or producer is willing to provide at a particular price. Most of the time, an increase in the price of a good or service encourages the suppliers to supply more of the goods or services to maximize on the profits.
The point at which the demand and supply curve intersect is referred to as equilibrium. At this point, the quantity demanded and the quantity supplied is equal. On the same note, the price the consumers are willing to pay, and the price the suppliers are willing to receive for that particular good or service is equal.
In line with the reading, one gain of having smaller organizations are groups works more quickly and better participation amongst group members.
A set is a group of human beings with some commonplace characteristics or cause. a group can consist of any number of human beings. human beings in organizations engage, interact and perceive each different, often at regular or pre-determined instances and locations.
Groups name such companies in-agencies. Fraternities, sororities, sports teams, and juvenile gangs are examples of in-agencies. members of an in-group frequently come to be competing with contributors of another group for diverse sorts of rewards. This different organization is referred to as an out-organization. a set is formed with at least members. typically, the number of institutional participants in a collection ranges from 15 to twenty participants. It will become tough to control a big institution. consequently, it's miles stated that the more individuals in a set the more complex it's far to control.
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Answer:
TRUE
Explanation:
This is because financial planning is one of the service sector jobs. They are basically involved in providing services (Intangible products). Examples are Barbers, wedding planner, etc.
Answer:
Their net operating income for the year was $39,628
Explanation:
Flip or Flop's net operating income for the year = Gross revenue - Cost of Goods Sold - Operating expenses
Their Cost of Goods Sold (COGS) was 21% of gross revenue, therefore:
Cost of Goods Sold = 21% x $93,200 = $19,572
The company has operating expenses for this same period of $34,000.
Net operating income for the year = $93,200 - $19,572 - $34,000 = $39,628
Answer: 4) 110%
Explanation:
Percentage increase = (Amount spent in 2018 - Amount spent in 2017) / Amount spent in 2017
= (525,000 - 250,000) / 250,000
= 275,000/250,000
= 110%
