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3 years ago

What is the difference between demand and quantity demanded of a product, say milk?

1 answer:

4 0

Demand is how much that thing is needed by people and quantity is how much of one thing they have. Hope that makes sense.

Example: The demand of milk has risen, so has the price.
Example: Having five jugs of milk is a large quantity.

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Morgan signs a contract with Shane agreeing to work with him for a movie. Halfway through the production of the movie, Shane dec

Mice21 [21]

Answer:

(b) Shane has to pay $20,000 to Morgan for breach of contract

Explanation:

In the situation, it is given that Shane decides to quit as he gets another job so he breaks the contract instead of finishing his work on time.

Due to breach of contract, Shane has to pay $20,000 to Morgan because it is written in the party that if any party breaks the contract than he has to pay the amount. But due to some unnatural causes, no one has to pay.

In the given case, Shane has deliberately broken the contract so it is compulsory to pay the $20,000 to Morgan.

Hence, option b is correct

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3 years ago

Adolescence is associated with

Taya2010 [7]

Adolescence is associated with genomically patterned consolidation of the hubs of the human brain connectome

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3 years ago

Read 2 more answers

The annual demand for a product is 15,300 units. The weekly demand is 294 units with a standard deviation of 90 units. The cost

antiseptic1488 [7]

Answer:

Reorder point = (weekly demand * lead time) + (Z * standard deviation * √lead time) = (294 * 10) + (2.326 * 90 * √10) = 2,940 + 661.99 = 3,602 units

Old safety stock = Z * standard deviation * √lead time = 662 units

new safety stock = 331

331 = Z * 90 * √10

Z = 331 / 284.60 = 1.163

Using Normal distribution function, the new confidence interval is 87.76%

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3 years ago

Before Pepsi-Cola stamped freshness dates on its cans, few consumers considered cola freshness an issue. After Pepsi spent about

Vilka [71]

Below are the complete options:

changing beliefs about the extent to which a brand has certain attributes

encouraging the consumer to use stimulus generalization

adding new attributes to the product

encouraging the consumer to use stimulus discrimination

changing the importance of attributes

Answer:

changing the importance of attributes

Explanation:

Freshness dates shows for how long a drink can be considered to not have expired. For example Pepsi can be considered to give freshness from 6-9 months after the date printed on the bottle.

Pepsi spent about $25 million on advertising and promotion related to freshness dates. Initially freshness dates were only seen as important by a few people.

This resulted in 61 percent of cola drinkers now thinking it is important.

This exemplifies how importance of a product's attribute can be changed

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2 years ago

Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on accou

Ksenya-84 [330]

Answer:

$(4,000)

Explanation:

Calculation to determine At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash

Inventory purchased on account $5000

Less Returned of inventory purchased $1,000

Net Operating Cash Flow $(4,000)

($5,000-$1,000)

Therefore At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash is $(4,000)

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3 years ago